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Wealth and savings : data and trends in the Netherlands

Author

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  • Alessie, Rob

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

  • Kapteyn, Arie

Abstract

In this paper we examine trends in the cross-sectional wealth distribution. We use two wealth definitions: net worth and financial wealth. We use data from the Socio-Economic Panel, a representative panel survey conducted by Statistics Netherlands. First, we describe the information on wealth available in the SEP, and the problems with person- and item-non response. Moreover, we compare the SEP data with an external data source, the Income Panel Survey (IPS). The IPS has been constructed from administrative records (e.g. records from the wealth and income tax). We then analyze the trends in wealth inequality (the cross- sectional distribution of wealth), and in the age and income gradient of wealth holdings. Finally, we consider shortly some explanations for the observed pattern of wealth accumulation in the Netherlands. We especially focus on saving motive data which are available in the SEP.

Suggested Citation

  • Alessie, Rob & Kapteyn, Arie, 1999. "Wealth and savings : data and trends in the Netherlands," Serie Research Memoranda 0046, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    • Handle: RePEc:vua:wpaper:1999-46
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    References listed on IDEAS

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    1. Alessie, R.J.M. & Kapteyn, A. & Klijn, F.E., 1997. "Mandatory pensions and personal savings in The Netherlands," Other publications TiSEM bc6fc489-fbc1-4579-8b7d-c, Tilburg University, School of Economics and Management.
    2. Kapteyn, Arie & Alessie, Rob & Lusardi, Annamaria, 2005. "Explaining the wealth holdings of different cohorts: Productivity growth and Social Security," European Economic Review, Elsevier, vol. 49(5), pages 1361-1391, July.
    3. Das, Marcel & Donkers, Bas, 1999. "How Certain Are Dutch Households about Future Income? An Empirical Analysis," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 45(3), pages 325-338, September.
    4. Alessie, Rob & Lusardi, Annamaria & Kapteyn, Arie, 1999. "Saving after retirement: evidence from three different surveys," Labour Economics, Elsevier, vol. 6(2), pages 277-310, June.
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    Cited by:

    1. Bas van Bavel & Ewout Frankema, 2013. "Low Income Inequality, High Wealth Inequality.The Puzzle of the Rhineland Welfare States," Working Papers 0050, Utrecht University, Centre for Global Economic History.

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    More about this item

    Keywords

    wealth distribution; inequality; saving motives;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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