Determinants of wealth in South Africa

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dc.contributor.advisorDaniels, Rezaen_ZA
dc.contributor.authorAugustine, Taryn Jadeen_ZA
dc.date.accessioned2016-01-25T11:46:12Z
dc.date.available2016-01-25T11:46:12Z
dc.date.issued2015en_ZA
dc.descriptionIncludes bibliographical references.en_ZA
dc.description.abstractThis paper investigates the determinants of household wealth in South Africa, using the National Income Dynamics Study (NIDS) Wave 2. In particular, we look at the effect s of the wealth-age profile and other household demographic variables. The hump-shaped profile of the wealth and age relationship suggested by the life-cycle hypothesis is not present in the data, although there are indications of its presence in the upper quantiles of the wealth distribution. The South African wealth distribution does not conform to the Lifecycle Hypothesis at this point in time. The LCH model appears to apply only to particular quantiles of the population, that is, the wealthier households and the particularly indebted households. In particular, the results found these to be households with younger heads, which align with LCH predictions. Poorer households, or those whose assets and liabilities are approximately equal do not appear to accumulate wealth in the same manner as their upper and lower quantile counterparts. However, we cannot formally identify the LCH econometrically at a particular quantile. We found evidence of different wealth accumulation behaviour in Tribal Authority Areas, where a dual land tenure ownership structure is in place. This has important implications for researchers interested in components of wealth, such as income, saving, assets and liabilities.en_ZA
dc.identifier.apacitationAugustine, T. J. (2015). <i>Determinants of wealth in South Africa</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/16528en_ZA
dc.identifier.chicagocitationAugustine, Taryn Jade. <i>"Determinants of wealth in South Africa."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 2015. http://hdl.handle.net/11427/16528en_ZA
dc.identifier.citationAugustine, T. 2015. Determinants of wealth in South Africa. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Augustine, Taryn Jade AB - This paper investigates the determinants of household wealth in South Africa, using the National Income Dynamics Study (NIDS) Wave 2. In particular, we look at the effect s of the wealth-age profile and other household demographic variables. The hump-shaped profile of the wealth and age relationship suggested by the life-cycle hypothesis is not present in the data, although there are indications of its presence in the upper quantiles of the wealth distribution. The South African wealth distribution does not conform to the Lifecycle Hypothesis at this point in time. The LCH model appears to apply only to particular quantiles of the population, that is, the wealthier households and the particularly indebted households. In particular, the results found these to be households with younger heads, which align with LCH predictions. Poorer households, or those whose assets and liabilities are approximately equal do not appear to accumulate wealth in the same manner as their upper and lower quantile counterparts. However, we cannot formally identify the LCH econometrically at a particular quantile. We found evidence of different wealth accumulation behaviour in Tribal Authority Areas, where a dual land tenure ownership structure is in place. This has important implications for researchers interested in components of wealth, such as income, saving, assets and liabilities. DA - 2015 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - Determinants of wealth in South Africa TI - Determinants of wealth in South Africa UR - http://hdl.handle.net/11427/16528 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/16528
dc.identifier.vancouvercitationAugustine TJ. Determinants of wealth in South Africa. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 2015 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/16528en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.subject.otherwealth distributionen_ZA
dc.subject.otherSouth Africaen_ZA
dc.titleDeterminants of wealth in South Africaen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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