Houshold Aggregate Wealth In The Main OECD Countries From 1980 To 2011: What Do The Data Tell Us?

Riccardo De Bonis, Daniele Fano and Teresa Sbano
Additional contact information
Daniele Fano: Universit… Tor Vergata di Roma
Teresa Sbano: Pioneer Investments

No 82, Mo.Fi.R. Working Papers from Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences

Abstract: This paper analyses aggregate household wealth in Canada, France, Germany, Italy, Japan, Spain, the UK and the US. Building on a new data set for the time span 1980-2011, we discuss the trends in household financial assets in the last thirty years, the reasons for differences across countries, the tendency towards convergence, the economic interpretation of breaks in time series and the effects of the recent financial crisis. We also comment on the evolution of household debt and real assets. In discussing the empirical evidence, the paper summarises some of the recent literature on household wealth.

Keywords: financial systems; household wealth and debt (search for similar items in EconPapers)
JEL-codes: E0 E21 G20 (search for similar items in EconPapers)
Pages: 35
Date: 2013-05
New Economics Papers: this item is included in nep-his and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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http://docs.dises.univpm.it/web/quaderni/pdfmofir/Mofir082.pdf First version, 2013 (application/pdf)

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Working Paper: Household aggregate wealth in the main OECD countries from 1980 to 2011: what do the data tell us? (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:anc:wmofir:82

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