The economic behaviour of households in Greece: recent developments and prospects

Konstantina Manou and Evangelia Papapetrou
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Konstantina Manou: Bank of Greece
Evangelia Papapetrou: Bank of Greece, National and Kapodistrian University of Athens

Economic Bulletin, 2016, issue 44, 7-33

Abstract: The study analyses household financial wealth in Greece and examines its evolution over time, with particular emphasis on the recent period. An analysis of the components of net financial wealth, i.e. assets and liabilities, as well as their composition is performed. The saving behaviour of Greek households is analysed, initially through the interaction between investment and debt and subsequently through the interaction between consumption and disposable income. Finally, the evolution of disposable income and its components, as well as the evolution of household real final consumption expenditure by functional purpose are briefly reviewed. The analysis shows that the recent financial crisis has significantly affected Greek households’ net financial wealth. Moreover, household final consumption expenditure by purpose declined in real terms across all individual categories of expenditure.

Keywords: Wealth; consumption; saving (search for similar items in EconPapers)
JEL-codes: E21 E44 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (5)

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