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This report looks at the level of wealth and the rate of saving of households in the UK on the eve of the global economic crisis. Our approach is to use microdata sources to look at the extent to which wealth holdings and saving rates vary across individuals. We use the British Household Panel Survey (BHPS) to study household wealth, and we use both the BHPS and the Expenditure and Food Survey (EFS) to study household saving.
We emphasise that the vast majority of household wealth is held in an illiquid form.
Authors
Research Fellow University of Michigan
Tom is a Research Fellow at IFS, a Research Professor for the Institute for Social Research at the University of Michigan.
Research Associate Yale University
Cormac is a Research Associate of the IFS, an Assistant Professor of Economics at the Yale University and Research Fellow at the NBER.
Report details
- DOI
- 10.1920/re.ifs.2010.0071
- Publisher
- IFS
Suggested citation
Crossley, T and O'Dea, C. (2010). The wealth and saving of UK families on the eve of the crisis. London: IFS. Available at: https://ifs.org.uk/publications/wealth-and-saving-uk-families-eve-crisis-0 (accessed: 20 April 2024).
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