Overspending or saving in property, do different measures of saving matter in Australia?

Cathy Gong, Simon Kelly

    Research output: A Conference proceeding or a Chapter in BookConference contribution

    Abstract

    Given the relatively low official saving rate, rapid rise in housing price and high ownership of property in Australia in last decade, the question naturally arises whether increases in house prices over the last decade ramped up property investment and hence crowded out traditional household saving. If yes, then the over-spending which traditional measures of savings suggest might be less of an issue since Australians might have saved in their property. In this paper, we attempt to answer these questions using HILDA panel data and aggregate macroeconomic data.
    Original languageEnglish
    Title of host publicationAnnual Conference of Economists (ACE10)
    Place of PublicationNew South Wales, Australia
    PublisherEconomic Society of Australia
    Pages1-25
    Number of pages25
    Publication statusPublished - 2010
    EventACE10: 39th Australian Conference of Economists - Sydney, Australia
    Duration: 27 Sep 201029 Sep 2010

    Conference

    ConferenceACE10: 39th Australian Conference of Economists
    CountryAustralia
    CitySydney
    Period27/09/1029/09/10

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