Household 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: University of Rome, Tor Vergata
Teresa Sbano: Pioneer Investments

No 160, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

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: household wealth and debt; financial systems (search for similar items in EconPapers)
JEL-codes: E01 E21 G20 (search for similar items in EconPapers)
Date: 2013-04
New Economics Papers: this item is included in nep-eec and nep-mac
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Citations: View citations in EconPapers (4)

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https://www.bancaditalia.it/pubblicazioni/qef/2013-0160/QEF_160.pdf (application/pdf)

Related works:
Working Paper: Houshold 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:bdi:opques:qef_160_13

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