New Zealand's ‘love affair’ with houses and cars∗∗

Khaled, Mohammed; Lattimore, Ralph

doi:10.1080/00779950809544416

Cited by 4 publications

(6 citation statements)

References 7 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…air travel. With the exception of meat, our expenditure elasticities are qualitatively consistent with the group-level expenditure demand elasticities from Khaled and Lattimore (2008)…”

Section: Cross-section Resultssupporting

confidence: 77%

“…The share of emissions from household utilities declines with household expenditure, while the share of emissions from transport increases. This is consistent with the results of Khaled and Lattimore (2008), who found that, in New Zealand, household utilities and operation are income inelastic, while transport is income elastic. Table 3 provides summary statistics for the 2006/07 and 2012/13 survey sample, as well as the pooled sample.…”

Section: Figure 1: Composition Of Average Household Emissions 2012/13supporting

confidence: 92%

“…food instead of meat. When we estimate these relationships at the group level, we find very similar elasticities to those reported inKhaled and Lattimore (2008).18 Both of these estimates are statistically significant at the 1% level.19 We focus on the number of adults for simplicity. While an extra child adds less to household emissions than an extra adult, this child will eventually grow up and remain in their family home, increasing the number of adults in that home, or move out and add an extra adult to another household, or establish a new household.…”

mentioning

confidence: 56%

“…The results fromKhaled and Lattimore (2008) use the earlier version of the HES and the elasticities are estimated at the group level, i.e. food instead of meat.…”

mentioning

confidence: 99%

See 3 more Smart Citations

Are we turning a brighter shade of green? The relationship between household characteristics and greenhouse gas emissions from consumption in New Zealand

Allan¹,

Kerr²,

Will³

2015

Motu Working Paper

View full text Add to dashboard Cite

We test whether New Zealand households have become greener consumers by estimating environmental Engel curves (EECs), which describe the relationship between household income and the pollution embodied in a households consumption bundle. Our pollutants of interest are greenhouse gases (GHGs). To our knowledge, this is the first paper that tests for a change over time in climate change-related household behaviour. We calculate the greenhouse gases embodied in household consumption bundles using standard environmental input-output (IO) analysis combined with detailed household expenditure data from the 2006/07 and 2012/13 waves of the New Zealand Household Economic Survey. Consistent with international literature, we find that emissions increase less-than-proportionately with household expenditure (a proxy for permanent income). There is significant variation in expenditure elasticities across consumption categories; emissions from household energy are unresponsive to household expenditure, while emissions from transport are highly responsive to expenditure. Household expenditure and composition explain the majority of the cross-sectional variation in household emissions. We conduct a simple test for changes over time in household consumption patterns that affect emissions, taking price changes into account. We find that, controlling for a rich set of household characteristics, household emissions were marginally lower on average in the 2012/13 survey than the 2006/07 survey. This result is largely driven by a reduction in emissions from household energy. We also find that wealthier households had a smaller reduction in emissions between surveys. Our results suggest this is due to higher levels of international air travel by wealthier households.

show abstract

“…air travel. With the exception of meat, our expenditure elasticities are qualitatively consistent with the group-level expenditure demand elasticities from Khaled and Lattimore (2008)…”

Section: Cross-section Resultssupporting

confidence: 77%

Section: Figure 1: Composition Of Average Household Emissions 2012/13supporting

confidence: 92%

mentioning

confidence: 56%

“…The results fromKhaled and Lattimore (2008) use the earlier version of the HES and the elasticities are estimated at the group level, i.e. food instead of meat.…”

mentioning

confidence: 99%

See 2 more Smart Citations

Are we turning a brighter shade of green? The relationship between household characteristics and greenhouse gas emissions from consumption in New Zealand

Allan¹,

Kerr²,

Will³

2015

Motu Working Paper

View full text Add to dashboard Cite

show abstract

“…As KiwiSaver is a nationwide auto-enrolment scheme, it has achieved significant attention in New Zealand. With over 2.1 million New Zealanders participating (52 per cent of the eligible total population as at May 2013), KiwiSaver is accredited with serving an educational role -raising the awareness and understanding of investment options outside and beyond the traditional New Zealand love affair with property investment (Khaled and Lattimore, 2008). This, in turn, fosters stronger domestic capital markets and growth of the economy.…”

Section: Introductionmentioning

confidence: 99%

Financial advice and asset allocation of individual investors

Zhang

2014

Pacific Accounting Review

View full text Add to dashboard Cite

Purpose – The purpose of this paper is to explore the differences in KiwiSaver portfolio composition between investors who receive financial advice and those who do not. Design/methodology/approach – Using proprietary data which contain information of 405,107 individual KiwiSaver accounts, this paper examines who receives advice, compares the asset allocations of advised accounts with non-advised accounts, explores the relation of asset allocation with demographic characteristics and compares differences in returns between advised and non-advised investors. Findings – Three key findings are presented in this paper. First, female investors, relatively older investors and investors with higher levels of funds under management (invested wealth) are more likely to receive financial advice. Second, advised investors hold more equity assets. Third, differences in performance between advised and non-advised accounts are marginal. Research limitations/implications – Panel data are not used, which prohibit investigating asset allocation choices overtime. The time series for returns is short, as KiwiSaver has only been operating since 2007. The total portfolio that people own is not known; thus, the values on investment fund information do not represent the total wealth of each person, as other accounts elsewhere may exist. Practical implications – There are broad implications for the New Zealand capital market, retirement policy, financial advice industry and development of financial literacy programmes. Originality/value – The paper examines individual investor behaviour on a nationwide sample and explores how receiving financial advice relates to asset allocation.

show abstract

Who would win from a multi-rate GST in New Zealand: evidence from a QUAIDS model*

Thomas

2022

New Zealand Economic Papers

View full text Add to dashboard Cite

New Zealand's ‘love affair’ with houses and cars∗∗

Cited by 4 publications

References 7 publications

Are we turning a brighter shade of green? The relationship between household characteristics and greenhouse gas emissions from consumption in New Zealand

Are we turning a brighter shade of green? The relationship between household characteristics and greenhouse gas emissions from consumption in New Zealand

Financial advice and asset allocation of individual investors

Who would win from a multi-rate GST in New Zealand: evidence from a QUAIDS model*

Contact Info

Product

Resources

About