Economics, Econometrics and Finance
4 years ago

Housing Boom Propels Switzerland's Wealth to Record Highs: Study

RePEc: Research Papers in Economics
A Safe Harbor: Wealth-Income Ratios in Switzerland over the 20th Century and the Role of Housing Prices
Enea Baselgia, Isabel Z. Martínez

Paper Summary

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The study looked at how much money people in Switzerland have compared to how much money the country makes. They found that this ratio stayed pretty steady for most of the 1900s, but has been going up since 2000. This increase is mostly because the value of houses has been going up a lot since 2010. This trend is also happening in other rich countries.