Workshop on ‘Housing, savings, and the household balance sheet’ Tuesday 14 November 2006
The Reserve bank hosted a 1 day working session to discuss issues around housing, saving and household balance sheet developments. Specific topics included trends and measurement of household saving, the impact of family trusts, equity withdrawal by households, the adequacy of retirement savings, and trends in saving by age cohorts. Overseas perspectives on saving and house prices were also discussed as were statistical issues relating to the measurement of household saving in New Zealand.
Summary of workshop findings and key points (PDF 246KB)
Programme:
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Chair: Grant Spencer, Assistant Governor and Head of Economics, Reserve Bank of New Zealand |
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8.50 am |
Alan Bollard, Governor, Reserve Bank of New Zealand: Welcome and introduction |
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9.00 |
Bernard Hodgetts, Reserve Bank of New Zealand: “Trends in household savings, wealth and debt” (PDF 249KB) Discussant: Khoon Goh, ANZ National Bank |
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9.50 |
Phil Briggs, Reserve Bank of New Zealand: “Family trusts” (PDF 250KB) Discussant: David Feslier, Retirement Commission |
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10.40 |
Morning tea |
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11.05 |
Mark Smith, Reserve Bank of New Zealand: “What do we know about equity withdrawal by households in New Zealand?” (PDF 638KB) Discussant: Doug Steel, Westpac |
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11.55 |
Lunch |
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1.00 pm |
Grant Scobie and Trinh Le, Treasury: “Housing in the household portfolio and implications for retirement saving: some initial findings from a longitudinal panel survey” (paper prepared in conjunction with John Gibson) (PDF 366KB) Discussant: Brent Layton, Director, NZIER |
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1.50 |
Luci Ellis, Reserve Bank of Australia: “Housing and housing finance: the view from Australia and beyond” (PDF 231KB) Discussant: Aaron Drew, Reserve Bank of New Zealand |
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2.40 |
Afternoon tea |
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3.00 |
Andrew Coleman, Reserve Bank of New Zealand: “Income and saving in New Zealand: an age cohort analysis” (PDF 235KB) Discussant: Susan St John, University of Auckland |
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3.50 |
Geoff Bascand and Diane Ramsay, Statistics New Zealand: “Statistical issues regarding savings and wealth” (PDF 307KB) Discussant: Adolf Stroombergen, Infometrics |
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4.40 |
Bernard Hodgetts: brief summary of main points and issues |
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4.50 |
Workshop closes |
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