Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/205460 
Erscheinungsjahr: 
2001
Schriftenreihe/Nr.: 
New Zealand Treasury Working Paper No. 01/19
Verlag: 
New Zealand Government, The Treasury, Wellington
Zusammenfassung: 
Household saving can be measured as either the difference between the flows of current income and expenditure, or through households' balance sheets as changes in the stocks of accumulated net wealth. This paper examines household saving in New Zealand and other OECD countries, with particular focus on the stock of net wealth. The ratio of real assets to disposable income in New Zealand is close to OECD levels. However, household financial net wealth as a proportion of disposable income has been falling in New Zealand since the late 1980s, whereas it has been rising in other OECD countries. As a result, housing assets in New Zealand have become an increasing share of households' wealth portfolios. The implied savings rate from households' balance sheets is significantly higher than the flow measure. Moreover, it follows the business cycle more closely, consistent with consumption smoothing behaviour by households.
Schlagwörter: 
Household net wealth
saving
financial deregulation
JEL: 
E21
N20
Creative-Commons-Lizenz: 
cc-by Logo
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
196.32 kB





Publikationen in EconStor sind urheberrechtlich geschützt.