Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics | Munich Center for the Economics of Aging - MEA
Home
Publications

Publication Series of the MPI for Social Policy

Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics

Content Results from the Eurosystem Household Finance and Consumption Survey reveal substantial variation in household net wealth across euro area countries that await explanation. This paper focuses on three main factors for the wealth accumulation process, i) homeownership, ii) housing value appreciation and iii) intergenerational transfers. We show that these three factors, in addition to the common household and demographic factors, are relevant for the net wealth cumulation process in all euro area countries, and moreover that, using various decomposition techniques, differences therein, in particular in homeownership rates and house price dynamics, are important for explaining wealth differences across euro area countries.
Publication Details

Thomas Y. Mathä

Alessandro Porpiglia

csm_csm_ziegelmeyer_01_1652931778_40cf01a6b2

Michael Ziegelmeyer

2014
View