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Household wealth data and public policy

Journal article | Fiscal Studies, Volume 37, Issue 1

This special issue of Fiscal Studies brings together a set of papers on the collection and analysis of household-level data on wealth. Many of the papers in this issue are drawn from a conference entitled ‘Household Wealth Data and Public Policy’ held in March 2015. The conference included papers that looked at the distribution of wealth, mechanisms generating wealth inequality,saving behaviour over the life cycle, public finance issues, how wealth data can inform an understanding of macroeconomic dynamics and the challenges associated with collecting data on the distribution of wealth.

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Journal article | Fiscal Studies, Volume 37, Issue 1
A substantial share of the wealth of Americans is held in tax-deferred form such as in retirement accounts or as unrealised capital gains. Most data and statistics on assets and wealth are reported on a pre-tax basis, but pre-tax values include an implicit tax liability and may not provide as ...
Journal article | Fiscal Studies, Volume 37, Issue 1
We use comparable data from the US and England to examine similarities and differences in the level and trajectories of assets among households aged 70 and over.
Journal article | Fiscal Studies, Volume 37, Issue 1
Every year since 2004, the Bank of England has commissioned NMG Consulting to carry out a survey on household finances. This paper describes the NMG Survey, its methodology, and its advantages and disadvantages relative to other surveys. The NMG Survey is useful in providing a timelier guide to ...
Journal article | Fiscal Studies, Volume 37, Issue 1
Large swings in aggregate household sector spending, especially for big-ticket items such as cars and housing, have been a dominant feature of the macroeconomic landscape in the past two decades. Income and wealth inequality increased over the same period, leading some to suggest the two phenomena ...
Journal article | Fiscal Studies, Volume 37, Issue 1
This paper is an outgrowth of the larger project ‘Top Wealth Shares in the UK since 1896’ by the same authors. They thank for helpful comments Daniel Heymann, Thomas Piketty, Gabriel Zucman, the co-editor Thomas Crossley, an anonymous referee and participants at the Household Wealth Data and ...
Journal article | Fiscal Studies, Volume 37, Issue 1
For many years, survey data on household wealth have been somewhat limited, but the situation is improving in the UK and internationally. This paper uses the new Wealth and Assets Survey (WAS) to document some key features of the distribution of household wealth in Great Britain.
Journal article | Fiscal Studies, Volume 37, Issue 1
We investigate the impact of inheritances and gifts received on the distribution of wealth. Whereas previous work has looked only at marketable wealth, we consider broader measures of wealth including state and private pensions.