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This paper derives estimates of seven categories of personal wealth holdings in the United Kingdom on an annual basis since 1948. The seven categories are: net financial wealth, housing wealth, consumer durable assets, basic state pension wealth, state earnings-related pension wealth,...
Persistent link: https://www.econbiz.de/10005452354
Housing and pension wealth are shown to be important determinants of personal sector consumption and retirement behaviour in the UK. Housing and state pension wealth have a positive effect on consumption, while private pension wealth promotes greater savings. Greater private defined benefit...
Persistent link: https://www.econbiz.de/10005485253
The allocation of UK personal sector wealth across five broad asset categories (net financial wealth, housing (and durable assets) wealth, state pension wealth, private pension wealth, and human capital) is investigated using the FAIDS (financial AIDS) model. Apart from total wealth and returns,...
Persistent link: https://www.econbiz.de/10005491268