Household wealth in the Czech Republic: A comparative perspective

This paper focuses on household wealth dynamics in the Czech Republic. We estimate benchmark levels of household financial assets and liabilities on the basis of a comparison with Group of Seven (G-7) countries and compare them with the actual levels. Our results show that a further increase in both assets and liabilities would be justified by economic fundamentals. Furthermore, the G-7 benchmark indicates that both the level and composition of assets will need to change in the Czech Republic in response to the pressures that will arise from an aging population and the expected transfer of risks to households.