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Annual estimates of personal wealth holdings in the United Kingdom since 1948

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  • David Blake
  • J. Michael Orszag

Abstract

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, occupational pension wealth, and personal pension wealth. The objective of this exercise is to generate a data set that can be used to investigate the effects over time of wealth on other aspects of personal sector behaviour in the UK, e.g., the effects of different wealth components on personal sector consumption and retirement behaviour, or to investigate the causes of the changes in the composition of personal sector wealth over time.

Suggested Citation

  • David Blake & J. Michael Orszag, 1999. "Annual estimates of personal wealth holdings in the United Kingdom since 1948," Applied Financial Economics, Taylor & Francis Journals, vol. 9(4), pages 397-421.
    • Handle: RePEc:taf:apfiec:v:9:y:1999:i:4:p:397-421
    DOI: 10.1080/096031099332285
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    References listed on IDEAS

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    1. Martin Feldstein & Robert J. Barro, 1978. "The Impact of Social Security on Private Saving: Evidence from the U.S. Time Series," Books, American Enterprise Institute, number 936368, September.
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    Cited by:

    1. Anthony B. Atkinson, 2018. "Wealth and inheritance in Britain from 1896 to the present," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 16(2), pages 137-169, June.
    2. Cummins, Neil, 2024. "Ethnic Wealth Inequality in England and Wales, 1858-2018," CEPR Discussion Papers 19398, C.E.P.R. Discussion Papers.
    3. 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.
    4. 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.
    5. 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.
    6. repec:cep:sticas:/178 is not listed on IDEAS
    7. Gabriele Semeraro, 2007. "Should financial accounts include future pension liabilities," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the IFC Conference on "Measuring the financial position of the household sector", Basel, 30-31 August 2006 - Volume 1, volume 25, pages 179-198, Bank for International Settlements.
    8. Bill Martin, 2019. "Resurrecting the UK Sector National Accounts after 1945," Working Papers wp514, Centre for Business Research, University of Cambridge.
    9. Michael Sumner, 2004. "Corporate Retentions and Consumers’ Expenditure," Manchester School, University of Manchester, vol. 72(1), pages 119-130, January.
    10. Waldenstrom, Daniel, 2015. "Wealth-income ratios in a small, late-industrializing, welfare-state economy: Sweden, 1810?2014," CEPR Discussion Papers 10878, C.E.P.R. Discussion Papers.
    11. Bill Martin, 2020. "Resurrecting the UK Corporate Sector Accounts," Working Papers wp519, Centre for Business Research, University of Cambridge.
    12. Blake, David, 2003. "What is a promise from the government worth?:: measuring and assessing the implications of political risk in state and personal pension schemes in the United Kingdom," LSE Research Online Documents on Economics 24856, London School of Economics and Political Science, LSE Library.
    13. Waldenström, Daniel, 2016. "Wealth-Income Ratios in a Small, Developing Economy: Sweden, 1810–2014," Working Paper Series 1134, Research Institute of Industrial Economics.
    14. Bill Martin, 2009. "An Augmented UK Private Expenditure Function," Working Papers wp384, Centre for Business Research, University of Cambridge.
    15. Yannis A. Monogios & Christos Pitelis, 2004. "On (Ultra) rationality and the corporate and government veils," Manchester School, University of Manchester, vol. 72(3), pages 382-402, June.

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