Wealth and saving in New Zealand: evidence from the longitudinal survey of family, income and employment
AbstractThis paper uses data from the Survey of Family, Income and Employment to estimate saving by the household sector in New Zealand during 2004--2006. Even our most conservative estimate is that at least 14% of gross income was saved during this period. By contrast, the indirectly derived Household Income and Outlay Accounts indicate (net) household saving was −12.5% per year over the same period. We also find no evidence that capital gains in housing during this time period crowded out saving or that the composition of household wealth in New Zealand differed from that in other developed countries.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal New Zealand Economic Papers.
Volume (Year): 46 (2012)
Issue (Month): 2 (November)
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Web page: http://www.tandfonline.com/RNZP20
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- David Law & Lisa Meehan, 2013. "Housing Affordability in New Zealand: Evidence from Household Surveys," Treasury Working Paper Series 13/14, New Zealand Treasury.
- Rob Hodgson & Jacques Poot, 2011. "New Zealand Research on the Economic Impacts of Immigration 2005-2010: Synthesis and Research Agenda," CReAM Discussion Paper Series 1104, Centre for Research and Analysis of Migration (CReAM), Department of Economics, University College London.
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