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Determinants of wealth in South Africa
Includes bibliographical references.
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
School of Economics
2016
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| _version_ | 1867614343100628992 |
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| access_status_str | Open Access |
| author | Augustine, Taryn Jade |
| author2 | Daniels, Reza |
| author_browse | Augustine, Taryn Jade Daniels, Reza |
| author_facet | Daniels, Reza Augustine, Taryn Jade |
| author_sort | Augustine, Taryn Jade |
| collection | Thesis |
| description | Includes bibliographical references. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/16528 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:50:31.967Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | School of Economics |
| publisherStr | School of Economics |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/16528 Determinants of wealth in South Africa Augustine, Taryn Jade Daniels, Reza Economics wealth distribution South Africa Includes bibliographical references. 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. 2016-01-25T11:46:12Z 2016-01-25T11:46:12Z 2015 Master Thesis Masters MCom http://hdl.handle.net/11427/16528 eng application/pdf School of Economics Faculty of Commerce University of Cape Town |
| spellingShingle | Economics wealth distribution South Africa Augustine, Taryn Jade Determinants of wealth in South Africa |
| thesis_degree_str | Master's |
| title | Determinants of wealth in South Africa |
| title_full | Determinants of wealth in South Africa |
| title_fullStr | Determinants of wealth in South Africa |
| title_full_unstemmed | Determinants of wealth in South Africa |
| title_short | Determinants of wealth in South Africa |
| title_sort | determinants of wealth in south africa |
| topic | Economics wealth distribution South Africa |
| url | http://hdl.handle.net/11427/16528 |
| work_keys_str_mv | AT augustinetarynjade determinantsofwealthinsouthafrica |