| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16660 |
| DP16660 A Safe Harbor: Wealth-Income Ratios in Switzerland Over the 20th Century and the Role of Housing Prices | |
| Isabel Z. Martínez; Enea Baselgia | |
| 发表日期 | 2021-10-21 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We estimate the ratio of private wealth to national income, βpt, for Switzerland over the period 1900–2018. Our results indicate that the development of βpt in Switzerland did not follow a U-shaped pattern as in most European countries, but that the evolution was extraordinarily stable, with βpt oscillating around 500% over most of the 20th century. However, the wealth-income ratio has been on the rise since the turn of the century to reach 721% in 2017—a level unprecedented in the past. This considerable increase is mainly driven by large capital gains in housing wealth since 2010. We present new cross-country evidence that capital gains in housing wealth have become an important driver of rising wealth-income ratios in a series of developed economies. |
| 主题 | Economic History ; Macroeconomics and Growth ; Public Economics |
| 关键词 | Wealth-income ratio Income distribution Economic growth Housing prices |
| URL | https://cepr.org/publications/dp16660 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545598 |
| 推荐引用方式 GB/T 7714 | Isabel Z. Martínez,Enea Baselgia. DP16660 A Safe Harbor: Wealth-Income Ratios in Switzerland Over the 20th Century and the Role of Housing Prices. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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