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Reduction in household wealth

  • 11-10-2010 8:22am
    #1
    Fiachra2
    Registered Users, Registered Users 2 Posts: 594 ✭✭✭


    I am trying to do some research on the impact of the recession on household wealth and to compare the situation of Irish housholds now with their position say 10 years ago. I was hoping to try and answere questions such as.
    To what extent has indebtedness risen?
    How many people are in or approaching a situation where they can no longer pay their mortgages?
    What proportion of people ar in difficutles arisnih from property investements in Ireland and abroad?
    And so on.
    Can anyone sugest any research in this area or give me any other pointers?

    Thanks


Comments

  • #2
    Time Magazine
    Registered Users, Registered Users 2 Posts: 8,452 ✭✭✭Time Magazine


    Unfortunately you're going to struggle to find good data on this because, well, it doesn't exist.

    Your best bet for income comparisons is the Quarterly National Household Survey. You can get a sense of labour market problems by looking at Live Register figures by county/collection point. You can get a sense of negative equity by looking at the house price data from Daft/ESRI. I think David Duffy at the ESRI published in the Economic and Social Review on negative equity. I know Ronan Lyons was looking at this issue but I'm not sure if he published a paper on it.


  • #3
    Économiste Monétaire
    Closed Accounts Posts: 2,208 ✭✭✭Économiste Monétaire


    There's a piece in the latest Central Bank Quarterly Bulletin on household net worth:

    http://www.financialregulator.ie/publications/Documents/CBANK-Q4-REPORT.pdf

    Page 62.

    The data is here:

    http://www.centralbank.ie/data/site/QFA%20publication%20tables%20ref.Q110_july10.xls


  • #4
    Fiachra2
    Registered Users, Registered Users 2 Posts: 594 ✭✭✭Fiachra2


    Thanks for that. It surprising given its importance that no one has carried out that kind of research. I had found the central bank stuff but its very general.

    However I will keep digging!


  • #5
    Ostrom
    Registered Users, Registered Users 2 Posts: 3,483 ✭✭✭Ostrom


    If you're looking for comparative data, you might request the living in ireland dataset from the irish social science data archive. It ran from 94 to 01 and might be useful for context? It's probably not as useful for an economist, but i've used it a little for looking at long term unemployment, and it contains some good measures of household welfare defendency and indebtedness, and the usual isco/nace occupation codes, income measures etc. There were plenty of papers produced from it, the esri site should have them archived. At the very least it might let you establish household level effects of growth/broader inequality.


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