Distribution of household assets in Croatia

Marina Kunovac ()
Additional contact information
Marina Kunovac: Croatian National Bank, Zagreb, Croatia

Public Sector Economics, 2020, vol. 44, issue 3, 265-297

Abstract: This paper analyses the main components and distribution of household net assets in Croatia on the basis of the data from the Household Finance and Consumption Survey (HFCS) by taking into account different socio-demographic characteristics of households. The main results indicate that real assets are widely distributed among households, whereby 85% of households own the household main residence. Financial assets and liabilities account for larger share among wealthier households. The analysis of the main determinants establishing the position of an individual household in distribution of assets has additionally highlighted the importance of the household main residence (HMR). Households with inherited HMR are less likely to be positioned in the lowest net asset quintile. In addition, households with HMR in the city of Zagreb or on the Adriatic Coast are more likely to be in higher asset quintile groups. The survey has also found that the level of household income, educational attainment, labour market status and age of the household reference person affect the probability of positioning a household in a certain net asset quintile.

Keywords: survey data; Household Finance and Consumption Survey (HFCS); net household assets; household inequality; intergenerational transfers; Croatia (search for similar items in EconPapers)
JEL-codes: C35 D1 D31 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.pse-journal.hr/upload/files/pse/2020/3/kunovac.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ipf:psejou:v:44:y:2020:i:3:p:265-297

DOI: 10.3326/pse.44.3.1

Access Statistics for this article

More articles in Public Sector Economics from Institute of Public Finance Contact information at EDIRC.
Bibliographic data for series maintained by Martina Fabris ().