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Personal Sector Wealth In The United Kingdom, 1920–56

Author

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  • Solomos Solomou
  • Martin Weale

Abstract

In the United Kingdom there is a wide range of sources which make it possible to construct a series for components of personal wealth for the period 1920–56. The data are consistent with contemporary estimates produced for specific years in the 1920s and 1930s. They indicate that a stock‐market boom and the effects of deflation and low interest rates on the nominal value of the national debt took the wealth/income ratio in the mid‐1930s to a level not seen again until the housing boom of the 1980s.

Suggested Citation

  • Solomos Solomou & Martin Weale, 1997. "Personal Sector Wealth In The United Kingdom, 1920–56," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(3), pages 297-318, September.
  • Handle: RePEc:bla:revinw:v:43:y:1997:i:3:p:297-318
    DOI: 10.1111/j.1475-4991.1997.tb00221.x
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    Cited by:

    1. Luis Estévez Bauluz, 2017. "Revised and extended national wealth series: Australia, Canada, France, Germany, Italy, Japan, the UK and the USA," PSE Working Papers halshs-02797842, HAL.
    2. Thomas Piketty, 2011. "On the Long-Run Evolution of Inheritance: France 1820--2050," The Quarterly Journal of Economics, Oxford University Press, vol. 126(3), pages 1071-1131.
    3. Avner Offer, 2013. "Narrow Banking, Real Estate, and Financial Stability in the UK, c.1870-2010," Oxford Economic and Social History Working Papers _116, University of Oxford, Department of Economics.
    4. Luis Estévez Bauluz, 2017. "Revised and extended national wealth series: Australia, Canada, France, Germany, Italy, Japan, the UK and the USA," Working Papers halshs-02797842, HAL.
    5. Na Guo & Peter N. Smith, 2012. "Durable Consumption, Long-Run Risk and The Equity Premium," Discussion Papers 12/37, Department of Economics, University of York.
    6. Avner Offer, 2013. "Narrow banking, real estate, and financial stability in the UK, c.1870-2010," Oxford University Economic and Social History Series _116, Economics Group, Nuffield College, University of Oxford.
    7. Bill Martin, 2009. "An Augmented UK Private Expenditure Function," Working Papers wp384, Centre for Business Research, University of Cambridge.
    8. Luis Estévez Bauluz, 2017. "Revised and extended national wealth series: Australia, Canada, France, Germany, Italy, Japan, the UK and the USA," World Inequality Lab Working Papers halshs-02797842, HAL.
    9. S. M. Ali Abbas & Ms. Asmaa A ElGanainy & Laura Blattner & Malin Hu & Mark De Broeck, 2014. "Sovereign Debt Composition in Advanced Economies: A Historical Perspective," IMF Working Papers 2014/162, International Monetary Fund.
    10. Kuvshinov, Dmitry & Zimmermann, Kaspar, 2020. "The Big Bang: Stock Market Capitalization in the Long Run," CEPR Discussion Papers 14468, C.E.P.R. Discussion Papers.

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