Private Net Worth in Eastern and Western Germany Only Converging Slowly

Markus Grabka

DIW Economic Bulletin, 2014, vol. 4, issue 11, 25-32

Abstract: Very nearly 25 years after the fall of the Berlin Wall, households in eastern Germany have an average net worth of 67,400 euros which is less than half that of their counterparts in western Germany with an average net worth of 153,200 euros. In both parts of the country, real estate ownership is quantitatively the most important asset type. Although the share of owner-occupiers has increased significantly in both regions since 1990, only one-third of all households in eastern Germany are owner occupied whereas the corresponding share in the west is almost half. Further, the market value of the real estate owned in eastern Germany is only half of that in the west. There has, however, been a significant convergence both in terms of average living space and property furnishings since the fall of the Wall.

Keywords: net worth; EVS; East and West Germany; Transition (search for similar items in EconPapers)
JEL-codes: D31 I31 R31 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (7)

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