THE STOCK OF CONSUMER DURABLES IN THE UNITED KINGDOM: NEW ESTIMATES 1948–95

Geoffrey Williams

Review of Income and Wealth, 1998, vol. 44, issue 3, 417-436

Abstract: A modified version of the perpetual inventory model is applied to new data on consumers' expenditure in the United Kingdom to establish estimates of that part of personal sector wealth represented by the stock of consumer durables. Current and constant price estimates are provided at an aggregate and disaggregate level for the gross and net stock and for the imputed consumption income over the period 1948–95. The accuracy and consistency of the estimates are evaluated in the context of other approaches.

Date: 1998
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