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Structure of households’ financial wealth in Europe and the United States (1995-1999)

Author

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  • André Babeau
  • Auguste Mpacko Priso

Abstract

[eng] In Europe as well as in the United States, a rapid increase of households’ wealth occurred throughout the 1995 to 1999 period. Important capital gains, resulting both from the end of the real estate crisis, on the property market, and from positive stock markets developments, added up to relatively high savings in Europe and markedly lower savings in the United States. The breakdown of wealth shows similar developments in Europe and in the United States. In both cases, a decrease of bank deposits and government assets, an increase of direct holdings of financial assets and investment funds, a rise of households’ claims on life insurance and pension funds may be observed. Bank intermediation, however, appears to remain more important in Europe than the United States. . JEL classifications : E20, M41

Suggested Citation

  • André Babeau & Auguste Mpacko Priso, 2001. "Structure of households’ financial wealth in Europe and the United States (1995-1999)," Revue d'Économie Financière, Programme National Persée, vol. 64(4), pages 73-89.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2001_num_64_4_4488
    DOI: 10.3406/ecofi.2001.4488
    Note: DOI:10.3406/ecofi.2001.4488
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    Cited by:

    1. Lilia Karnizova & Hashmat Khan, 2015. "The stock market and the consumer confidence channel: evidence from Canada," Empirical Economics, Springer, vol. 49(2), pages 551-573, September.

    More about this item

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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