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Unravelling household financial assets and demographic characteristics: a novel data perspective

In: External statistics in a fragmented and uncertain world

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  • Simone Arrigoni
  • Agustín Bénétrix
  • Tara McIndoe-Calder
  • Davide Romelli

Abstract

Financial wealth is important for many decisions, for example in relation to spending, labour supply, saving and retirement. To help inform policy in these areas, we combine survey and administrative data to study the financial assets held by Irish households, and the characteristics of the households who hold them. Looking across education groups, we find that higher educated households tend to hold assets with higher returns, but also riskier assets that are more susceptible to losses. Whilst this suggests that higher educated households exhibit distinct investment behaviour that significantly impacts returns, this is not a causal analysis. For example, it could also be related to income differences, which is positively correlated with education.
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Suggested Citation

  • Simone Arrigoni & Agustín Bénétrix & Tara McIndoe-Calder & Davide Romelli, 2024. "Unravelling household financial assets and demographic characteristics: a novel data perspective," IFC Bulletins chapters, in: Bank for International Settlements (ed.), External statistics in a fragmented and uncertain world, volume 62, Bank for International Settlements.
    • Handle: RePEc:bis:bisifc:62-07
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