Aggregate Wealth in Canada

R. Tiff Macklem

Canadian Journal of Economics, 1997, vol. 30, issue 1, 152-68

Abstract: This paper describes a comprehensive measure of aggregate private-sector wealth in Canada that includes both human and nonhuman wealth. Wealth and its components are measured at a quarterly frequency from 1963 to 1994. Human wealth is computed as the expected present value of aggregate labor income net of government expenditures using a finite-state Markov approximation to an estimated bivariate VAR for the real interest rate and net income growth. Nonhuman wealth is constructed by consolidating the assets and liabilities of the various sectors of the economy. To the extent possible, assets and liabilities are measured at market value.

Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://links.jstor.org/sici?sici=0008-4085%2819970 ... AAWIC%3E2.0.CO%3B2-8 (text/html)
only available to JSTOR subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cje:issued:v:30:y:1997:i:1:p:152-68

Ordering information: This journal article can be ordered from
https://www.economic ... ionen/membership.php

Access Statistics for this article

Canadian Journal of Economics is currently edited by Zhiqi Chen

More articles in Canadian Journal of Economics from Canadian Economics Association Canadian Economics Association Prof. Werrner Antweiler, Treasurer UBC Sauder School of Business 2053 Main Mall Vancouver, BC, V6T 1Z2. Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Werner Antweiler ().