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Housing and Personal Wealth in a Global Context

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  • John Muellbauer

Abstract

Housing is the single most important component of personal wealth in most countries. The special characteristics of housing markets are therefore key to understanding personal portfolios, saving, the household distribution of wealth, and the monetary transmission mechanism. This paper discusses how housing markets and institutions differ across countries, paying particular attention to the UK and the EU, but extending its reach as well to other OECD countries such as Japan and emerging market countries such as South Africa.

Suggested Citation

  • John Muellbauer, 2007. "Housing and Personal Wealth in a Global Context," WIDER Working Paper Series RP2007-27, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:rp2007-27
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    File URL: https://www.wider.unu.edu/sites/default/files/rp2007-27.pdf
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    Cited by:

    1. Strauss, Jack, 2013. "The Economic Gains to Colorado of Amendment 66," MPRA Paper 49928, University Library of Munich, Germany.
    2. Elvis Munyaradzi Ganyaupfu, 2015. "Households’ Debt and Financial Sustainability in South Africa," International Journal of Financial Markets, Research Academy of Social Sciences, vol. 1(2), pages 70-76.
    3. Finlay Richard & Price Fiona, 2015. "Household saving in Australia," The B.E. Journal of Macroeconomics, De Gruyter, vol. 15(2), pages 677-704, July.
    4. Ma, Qiang & Khan, Zeeshan & Chen, Fuzhong & Murshed, Muntasir & Siqun, Yang & Kirikkaleli, Dervis, 2023. "Revisiting the nexus between house pricing and money demand: Power spectrum and wavelet coherence based approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 87(C), pages 266-274.
    5. R. Calcagno & E. Fornero & M. Rossi, 2009. "The Effect of House Prices on Household Consumption in Italy," The Journal of Real Estate Finance and Economics, Springer, vol. 39(3), pages 284-300, October.

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