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Tag Archives: wealth

Household wealth and housing wealth: first quintile oddities edition

In my column over at Newsroom this week, I noted one strange feature of New Zealand's household wealth statistics: Unfortunately, data on wealth is far worse than data on income – the Government gathers a lot less data on wealth. For example, Statistics New Zealand reports that people in the least wealthy 20 percent have $1.75 in property debt for every $1 in property assets – but no bank in the country would extend a loan on that basis. It is more likely that the survey data misses some...

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Wealth inequality – reader mailbag

An informed reader reminds me of a couple points on wealth inequality in response to this morning's post: Just saw your piece on wealth. To add to the points you make:Strongly agree with your point about the use of cross sectional data. This is particularly true in a country where a large number of people in the first ten to 15 years of adulthood go abroad. We would expect the distribution to be highly skewed if the most effective means of building capital is to go abroad. There is likely to...

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Household net wealth

My take on the latest Stats NZ Household Wealth survey is a bit different from Max Rashbrooke's.Here's Max: The Household Net Worth survey by Statistics New Zealand shows the wealthiest one percent have 20 percent of all assets and the wealthiest tenth have 59 percent. The poorest half of adults - 1.8 million New Zealanders - have just 2 percent of all wealth. Māori net wealth is significantly lower than that of Pakeha. These figures are broadly unchanged since the last such survey in...

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The changing nature of work calls for enhancing the human and financial capital of children in less wealthy families

The Canadian federal government should enhance the human and financial capital of children in less wealthy families, enhance market incomes of lower paid workers, and enhance the security of working incomes by adapting three existing programs to new realities: widening their scope, making them more flexible, and making them easier to obtain. The changing world of work is also a changing world of pay, a world that will likely lean toward greater wage rate inequalities, lower or...

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