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 contributionpeer-review

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
Country/TerritoryAustralia
CitySydney
Period27/09/1029/09/10

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