Household Wealth in Australia: Evidence from the 2014 HILDA Survey

Paul Ryan and Tahlee Stone
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Paul Ryan: Reserve Bank of Australia
Tahlee Stone: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2016, 1-8

Abstract: This article uses data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey to assess how the distribution of wealth changed for Australian households between 2010 and 2014. Average household wealth increased modestly over the period, driven mainly by growth in the value of financial assets, most notably superannuation. The growth of housing wealth was slow in comparison, particularly in Queensland and Western Australia. While most of the changes in wealth were broadly based across households, wealth increased more rapidly for those residing in New South Wales and for retired households who have large holdings of superannuation and equity assets.

Keywords: Households; wealth' distribution; HILDA Survey; household-level data; housing; non-financial; superannuation; assets; debt; home ownership (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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