PublicationMonographs
El equipamiento de los hogares y las dotaciones de capital de las familias en el siglo xxi
Social Sciences
The last few decades of economic growth have brought an overall improvement in the income and wellbeing of Spanish households. One reflection of these developments has been an increase in private consumption of durable goods. This book examines expenditure flow on household equipment from a non-standard perspective in considering them as investment goods. This approach allows to quantify the corresponding capital stocks in equipment accumulated by Spanish households, and how their composition has varied over time.
The authors analyze the long-term evolution of household stocks of durable goods in both physical and monetary terms. Starting from the household expenditure flows reported in National Accounts and the Household Budget Survey (Spanish National Statistics Institute, INE), we arrive at a figure for ‘household capital’, which sets a value on the equipment that households have accumulated over time. Also considered are intervening changes in the household equipment mix, differentiating between types of assets (furniture and fittings, electrical appliances, vehicles and digital equipment), along with changes in the average age of assets and their regional distribution. All this information is included in the database accompanying this publication (https://bbva.info/dotacion_hogares), which provides investment and stock data by type of equipment and by region.
The results indicate that not only have the amounts of equipment held by Spanish households changed substantially in the past decades, but there have been big changes in its composition, with, in many cases, an intensification of its technological content and associated services. The research conducted shows that families’ household capital stocks depend on characteristics like economic capacity, the age of family members, the educational level of the principal breadwinner, habitat and region of residence.
This study will be of interest to students of social change and economists with an interest in capitalization and growth processes, as well as the general public.
The authors analyze the long-term evolution of household stocks of durable goods in both physical and monetary terms. Starting from the household expenditure flows reported in National Accounts and the Household Budget Survey (Spanish National Statistics Institute, INE), we arrive at a figure for ‘household capital’, which sets a value on the equipment that households have accumulated over time. Also considered are intervening changes in the household equipment mix, differentiating between types of assets (furniture and fittings, electrical appliances, vehicles and digital equipment), along with changes in the average age of assets and their regional distribution. All this information is included in the database accompanying this publication (https://bbva.info/dotacion_hogares), which provides investment and stock data by type of equipment and by region.
The results indicate that not only have the amounts of equipment held by Spanish households changed substantially in the past decades, but there have been big changes in its composition, with, in many cases, an intensification of its technological content and associated services. The research conducted shows that families’ household capital stocks depend on characteristics like economic capacity, the age of family members, the educational level of the principal breadwinner, habitat and region of residence.
This study will be of interest to students of social change and economists with an interest in capitalization and growth processes, as well as the general public.