Catalogue

UK Data Service data catalogue record for:

Wealth and Assets Survey, Waves 1-4, 2006-2014

Title details

SN: 7215
Title: Wealth and Assets Survey, Waves 1-4, 2006-2014
Alternative title: Household Assets Survey; WAS; HAS
Persistent identifier: 10.5255/UKDA-SN-7215-5
Series: Wealth and Assets Survey [Wealth and Assets Survey, Waves 1-, 2006-]
Depositor: Office for National Statistics. Social Survey Division
Principal investigator(s): Office for National Statistics. Social Survey Division
Data collector(s): Office for National Statistics. Social Survey Division
Sponsor(s): Department for Work and Pensions
Department for Business, Innovation and Skills
HM Revenue and Customs
Department for Communities and Local Government
Scottish Government
Financial Services Authority
Other acknowledgements: The Department for Work and Pensions and the Office for National Statistics are joint data custodians.

The Personal Finance Research Centre at the University of Bristol University, the Institute for Fiscal Studies and HM Treasury all provided assistance with validation of some of the variables.

Citation

The citation for this study is:

Office for National Statistics. Social Survey Division. (2017). Wealth and Assets Survey, Waves 1-4, 2006-2014. [data collection]. 5th Edition. UK Data Service. SN: 7215, http://doi.org/10.5255/UKDA-SN-7215-5

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Subject Categories

General - Employment and labour
Income, property and investment - Economics

Abstract

Abstract copyright UK Data Service and data collection copyright owner.

The Wealth and Assets Survey (WAS) is a longitudinal survey, which aims to address gaps identified in data about the economic well-being of households by gathering information on level of assets, savings and debt; saving for retirement; how wealth is distributed among households or individuals; and factors that affect financial planning. Private households in Great Britain were sampled for the survey (meaning that people in residential institutions, such as retirement homes, nursing homes, prisons, barracks or university halls of residence, and also homeless people were not included).

The WAS commenced in July 2006, with a first wave of interviews carried out over two years, to June 2008. Interviews were achieved with 30,595 households at Wave 1. Those households were approached again for a Wave 2 interview between July 2008 and June 2010, and 20,170 households took part. Wave 3 covered July 2010 - June 2012 and Wave 4 covered July 2012 - June 2014. Data from Waves 1 and 2 were last revised in 2014 based on Wave 3 data. Data for Wave 3 were last revised in 2016 when Wave 4 data were made available. Revisions to previous waves' data mean that small differences may occur between originally published estimates and estimates from the datasets held by the UK Data Service. These revisions are due to improvements in the imputation methodology.

A Secure Access version of the WAS, subject to more stringent access conditions, is available under SN 6709; it contains more detailed geographic variables than the EUL version. Users are advised to download the EUL version first (SN 7215) to see if it is suitable for their needs, before considering making an application for the Secure Access version.

Further information and documentation may be found on the ONS Wealth and Assets Survey webpage. Users are advised to the check the page for updates before commencing analysis.

Edition information: For the fifth edition (May 2017) a revised person data file for Wave 3 was deposited. Previously, variables POcNam, POcNam2 and POcNam3 had been omitted from Wave 3, but have now been reinstated. They have been renamed PoCNamt1W3 and PoCNamt2W3, to avoid confusion with the other variable POcNam, which is a string variable. The Wave 3 questionnaire has also been updated to ensure consistency with Wave 4 for variables POcNam and POCNamt.

July 2017 - variable 'empstat2w4' incorrect:
Users should note that the variable 'empstat2w4' currently contains incorrect specifications. The depositor will provide an updated version in December 2017, when Wave 5 data will be deposited.

Main Topics:
The WAS questionnaire was divided into two parts with all adults aged 16 years and over (excluding those aged 16 to 18 currently in full-time education) being interviewed in each responding household. Wave 1 files are provided according to this structure; Wave 2 files are grouped in terms of finance, pensions and property.

Household schedule:
This was completed by one person in the household (usually the head of household or their partner) and predominantly collected household level information such as the number, demographics and relationship of individuals to each other, as well as information about the ownership, value and mortgages on the residence and other household assets.

Individual schedule:
This was given to each adult in the household and asked questions about economic status, education and employment, business assets, benefits and tax credits, saving attitudes and behaviour, attitudes to debt, insolvency, major items of expenditure, retirement, attitudes to saving for retirement, pensions, financial assets, non-mortgage debt, investments and other income.

Coverage, universe, methodology

Dates of fieldwork: July 2006 - June 2010
Country: Great Britain
Spatial units: No spatial unit
Observation units: Individuals
Kind of data: Alpha/numeric data
Individual (micro) level
Universe: National
All adults aged 16 years and over (excluding those aged 16-18 currently in full-time education) who consented were interviewed in each responding private household in Great Britain, between 2006-2010. Communal establishments were excluded from the sample.
Time dimensions: Longitudinal/panel/cohort
Waves 1 and 2 are currently included.
Sampling procedures: Multi-stage stratified random sample
See documentation for details
Method of data collection: Face-to-face interview
Weighting: Weighting used. See documentation for details

Thesaurus search on keywords

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ADOPTION PAYAGEAIRCRAFT
ASSETSATTITUDES TO SAVINGBANK ACCOUNTS
BICYCLESBOATSBONDS
BUSINESS OWNERSHIPBUSINESS RECORDSBUSINESSES
CARAVANSCARE OF DEPENDANTSCAREGIVERS
CARERS' BENEFITSCARSCHILD BENEFITS
CHILD SUPPORT PAYMENTSCHILD TRUST FUNDSCOHABITING
COMMERCIAL BUILDINGSCOST OF LIVINGCOSTS
CREDIT CARD USEDEBILITATIVE ILLNESSDEBTS
DISABILITIESEARLY RETIREMENTECONOMIC ACTIVITY
EDUCATIONAL BACKGROUNDEDUCATIONAL COURSESEDUCATIONAL FEES
EDUCATIONAL STATUSEMPLOYEESEMPLOYMENT HISTORY
EMPLOYMENT PROGRAMMESEMPLOYMENTENDOWMENT ASSURANCE
ESTATESETHNIC GROUPSFAMILY BENEFITS
FAMILY INCOMEFAMILY MEMBERSFINANCIAL ADVICE
FINANCIAL COMPENSATIONFINANCIAL DIFFICULTIESFINANCIAL SERVICES
FRINGE BENEFITSFULL-TIME EMPLOYMENTFURNISHED ACCOMMODATION
GIFTSGREAT BRITAINHEALTH
HIRE PURCHASEHOME BUILDINGS INSURANCEHOME BUYING
HOME CONTENTS INSURANCEHOME OWNERSHIPHOUSE PRICES
HOUSEHOLD BUDGETSHOUSEHOLD HEAD'S ECONOMIC ACTIVITYHOUSEHOLD HEAD'S SOCIO-ECONOMIC STATUS
HOUSEHOLD INCOMEHOUSEHOLDERSHOUSEHOLDS
HOUSING AGEHOUSING ECONOMICSHOUSING FINANCE
HOUSING TENUREILL HEALTHINCOME
INCOME-RELATED BENEFITSINCONTINENCEINHERITANCE
INSOLVENCIESINSURANCE CLAIMSINTELLECTUAL IMPAIRMENT
INVESTMENTJOB HUNTINGJOB SEEKER'S ALLOWANCE
LAND OWNERSHIPLANDLORDSLOANS
MAIL ORDER SERVICESMARITAL STATUSMATERNITY BENEFITS
MATERNITY PAYMATHEMATICSMOBILE HOMES
MORTGAGE ARREARSMORTGAGE PROTECTION INSURANCEMORTGAGES
MOTOR VEHICLE VALUEMOTOR VEHICLESMOTORCYCLES
OCCUPATIONAL PENSIONSOCCUPATIONAL QUALIFICATIONSOCCUPATIONS
OLD AGE BENEFITSONE-PARENT FAMILIESOVERDRAFTS
PARTNERSHIPS (BUSINESS)PART-TIME EMPLOYMENTPATERNITY BENEFITS
PATERNITY PAYPENSION BENEFITSPENSION CONTRIBUTIONS
PENSIONSPERSONAL DEBT REPAYMENTPERSONAL FINANCE MANAGEMENT
PHYSICAL MOBILITYPLACE OF BIRTHPRIVATE PENSIONS
PRIVATE PERSONAL PENSIONSPROFIT SHARINGPROFITS
QUALIFICATIONSREDUNDANCY PAYRELIGIOUS AFFILIATION
RELIGIOUS ATTENDANCERENTED ACCOMMODATIONRENTS
RESIDENTIAL BUILDINGSRETIREMENT AGESAVINGS ACCOUNTS AND PRODUCTS
SAVINGSSECOND HOMESSELF-EMPLOYED
SELLINGSHARED HOME OWNERSHIPSHARES
SICK PAYSICKNESS AND DISABILITY BENEFITSSOCIAL HOUSING
SOCIAL SECURITY BENEFITSSOCIO-ECONOMIC STATUSSPOUSES
STAKEHOLDER PENSIONSSTATE RETIREMENT PENSIONSSTATUS IN EMPLOYMENT
STUDENT LOANSSUBSIDIARY EMPLOYMENTSUPERVISORY STATUS
TAX RELIEFTENANTS' HOME PURCHASINGTIED HOUSING
TOP MANAGEMENTTRANSPORT FARESTRUSTS
UNEARNED INCOMEUNEMPLOYEDUNFURNISHED ACCOMMODATION
UNWAGED WORKERSWAGESWEALTH
WILLSWINNINGSWORKPLACE

Administrative and access information

Date of release:
First edition: 13 March 2013
Latest edition: 15 May 2017 (5th Edition)
Copyright: Crown copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland
Access conditions: The depositor has specified that registration is required and standard conditions of use apply. The depositor may be informed about usage. See terms and conditions of access for further information.
Availability: UK Data Service
Contact: Get in touch

Documentation

Title File Name Size (KB)
Waves 1, 2 and 3 Variable List End User Licence 7215_waves_1_2_3_variable_list_eul.xlsx 413
Waves 1, 2 and 3 Variable List Special Licence 7215_waves_1_2_3_variable_list_sl.xlsx 577
Wave 1 Variable List 7215_wave_1_variable_list.xlsx 120
Wave 2 Variable List 7215_wave_2_variable_list.xlsx 155
Wave 3 Derived Variable Specifications - Financial and Total Wealth 7215_wave_3_dv_specification_financial_and_total_wealth.xlsx 31
Wave 3 Derived Variable Specifications - Income 7215_wave_3_dv_specification_income.xlsx 11
Wave 3 Derived Variable Specifications - Pension 7215_wave_3_dv_specification_pension.xlsx 22
Wave 3 Derived Variable Specifications - Pensions 7215_wave_3_dv_specification_pensions.xlsx 23
Wave 3 Derived Variable Specifications - Physical 7215_wave_3_dv_specification_physical.xlsx 12
Wave 3 Derived Variable Specifications - Property 7215_wave_3_dv_specification_property.xlsx 12
Wave 3 Derived Variable Specifications - Wealth and Financial 7215_wave_3_dv_specification_wealth_and_financial.xlsx 31
Wave 4 Derived Variable Specifications - Income 7215_wave_4_dv_specification_income.xlsx 18
Wave 4 Derived Variable Specifications - Pensions 7215_wave_4_dv_specification_pensions.xlsx 22
Wave 4 Derived Variable Specifications - Physical 7215_wave_4_dv_specification_physical.xlsx 11
Wave 4 Derived Variable Specifications - Property 7215_wave_4_dv_specification_property.xlsx 11
Wave 4 Derived Variable Specifications - Wealth and Financial 7215_wave_4_dv_specification_wealth_and_financial.xlsx 33
Wave 4 Variable List 7215_wave_4_variable_list.xlsx 234
Linking EUL Data and Differences to SL Version 7215_linking_eul_and_differences_to_sl.pdf 269
Questionnaires - Wave 1 7215_was_questionnaire_wave_1.pdf 915
Questionnaires - Wave 2 7215_was_questionnaire_wave_2.pdf 5198
Questionnaires - Wave 3 7215_was_questionnaire_wave_3.pdf 1858
Questionnaires - Wave 4 7215_was_questionnaire_wave_4.pdf 1821
WAS 2010-2012 report 7215_was_report.pdf 1805
Showcards - Wave 1 7215_was_showcards_wave_1.pdf 333
Showcards - Wave 2 7215_was_showcards_wave_2.pdf 1103
Showcards - Wave 3 7215_was_showcards_wave_3.pdf 1059
Showcards - Wave 4 7215_was_showcards_wave_4.pdf 320
User Guide - Wave 1 7215_was_userguide_wave_1.pdf 230
User Guide - Wave 2 7215_was_userguide_wave_2.pdf 1601
User Guide - Wave 3 7215_was_userguide_wave_3.pdf 1804
User Guide - Wave 4 7215_was_userguide_wave_4.pdf 1505
Study information and citation UKDA_Study_7215_Information.htm 7
READ File read7215.htm 11
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Publications

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By principal investigator(s):
Daffin, C. (ed.) (2009) Wealth in Great Britain: main results from the Wealth and Assets Survey 2006/08, Newport: Office for National Statistics.

Black, O. (ed.) (2011) Wealth in Great Britain: main results from the Wealth and Assets Survey 2008/10, Newport: Office for National Statistics. Retrieved 23rd July 2012, from http://www.ons.gov.uk/ons/rel/was/wealth-in-great-britain-wave-2/2008-2010--part-1-/pra---was-wave-2--part-1-.pdf
Daffin, C. (ed.) (2009) Wealth in Great Britain: main results from the Wealth and Assets Survey 2006/08, Newport: Office for National Statistics.

Black, O. (ed.) (2011) Wealth in Great Britain: main results from the Wealth and Assets Survey 2008/10, Newport: Office for National Statistics.

Chamberlain, E. (15 May 2014) Wealth in Great Britain Wave 3: 2010-2012 London: ONS.

Chamberlain, E. (18 December 2015) Wealth in Great Britain Wave 4: 2012 to 2014, London: ONS.

Resulting from secondary analysis:
Government Equalities Office (2010) An anatomy of economic inequality in the UK. Report of the National Equality Panel, London: Government Equalities Office. Retrieved March 17, 2010 from http://sticerd.lse.ac.uk/case/_new/publications/NEP.asp

Davies, R. et al. (2011) An anatomy of economic inequality in Wales: A report prepared on behalf of the Wales Equality and Human Rights Commission, Wales Institute of Social and Economic Research, Data and Methods (WISERD) Research Reports Series RRS/002, University of Cardiff. Retrieved May 16, 2011 from http://www.wiserd.ac.uk/research/completed-projects/inequality-in-wales/.

Rowlingson, K. and McKay, S. (2012) Wealth and the wealthy, Bristol: The Policy Press. ISBN 978-1847423078.
Government Equalities Office (2010) An anatomy of economic inequality in the UK. Report of the National Equality Panel, London: Government Equalities Office.

Davies, R. et al. (2011) An anatomy of economic inequality in Wales: A report prepared on behalf of the Wales Equality and Human Rights Commission, Wales Institute of Social and Economic Research, Data and Methods (WISERD) Research Reports Series RRS/002, University of Cardiff.

Bryan, M., Lloyd, J., Rabe, B. and Taylor, M. (2011) Who saves for retirement?, London: Strategic Society Centre.

Rowlingson, K. and McKay, S. (2012) Wealth and the wealthy, Bristol: The Policy Press. ISBN 978-1847423078.

Collard, S.B., Collings, D.J., Davies, S.V., Finney, A.D., Hayes, D.A., Kempson, H.E., Morgan, P., Bolling, K., Hanson, T., Sullivan, S. and Smith, N. (2013) The impact on business and consumers of a cap on the total cost of credit, Personal Finance Research Centre, University of Bristol (prepared for the Department for Business, Innovation and Skills).

Lord, C., Lloyd, J. and Barnes, M. (2013) Understanding landlords: a study of private landlords in the UK using the Wealth and Assets Survey, London: Strategic Society Centre.

Whyley, C., Finney, A. and Muspratt, D. (2013) Helping private tenants achieve financial inclusion, Brighton: Sliced Bread Consulting Ltd.

Finney, A. (2013) The mortgage debt of older households and the effect of age: an analysis using the Wealth and Assets Survey 2008-10, Personal Finance Research Centre Working Paper, School of Geographical Sciences, University of Bristol.

Equality and Human Rights Commission (2013) Standard of Living, Measurement Framework Series Briefing Paper no.10, Manchester: Equality and Human Rights Commission.

Bryan, M. L. and Lloyd, J. (2014) Who saves for retirement? 2: Eligible non-savers, London: Strategic Society Centre.

Kumar, A., Ussher, K. and Hunter, P. (2014) Wealth of our nation: rethinking policies for wealth distribution, London: The Smith Institute.

Chamberlain, E. (3rd July 2014) Wealth in Great Britain, wealth and income, wave 3: 2010 to 2012, London: ONS.

Lloyd, J. and Lord, C. (2015) Defined capability: pensions, financial capability and decision-making among retirees, London: Strategic Society Centre.

Lloyd, J. (2015) Default reform: preventing low incomes with an automatic income plan, London: Strategic Society Centre.

Finney, A. and Hayes, D. (June 2015) Financial capability in Great Britain, 2010 to 2012, ONS/University of Bristol Personal Finance Research Centre.

Chamberlain, E. (24th June 2015) Early Indicator Estimates from the Wealth and Assets Survey, London: ONS.

Botterell, A. (27th July 2015) Wealth in Great Britain Wave 3: the burden of financial and property debt, Great Britain, 2010 to 2012, London: ONS.

Chamberlain, E. (4th September 2015)
Wealth in Great Britain Wave 3: relationship between wealth, income and personal well-being, July 2011 to June 2012,London: ONS.

Chamberlain, E. (10th November 2015) Wealth and Assets: early indicator estimates from the Wealth and Assets Survey, Wave 5, July 2014 to June 2015, London: ONS.

Crawford, R., Innes, D. and O'Dea, C. (2015) The evolution of wealth in Great Britain: 2006-08 to 2010-12, Institute for Fiscal Studies IFS Report R109.

Finney, A., Hayes, D. and Hartfree, Y. (2015) Hard times: financial wellbeing among low and middle earners, TUC/University of Bristol Personal Finance Research Centre.

Finney, A. (2015) What makes the wealthy wealthy? The composition of wealth across the wealth distribution and its determinants, TUC/University of Bristol Personal Finance Research Centre.

Crawford, R., Innes, D. and O'Dea, C. (2016) 'Household wealth in Great Britain: distribution, composition and changes 2006–12', Fiscal Studies, 37(1).

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Wealth and Assets Survey, Waves 1-4, 2006-2014

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