Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics
Thomas Mathä,
Alessandro Porpiglia and
Michael Ziegelmeyer
No 201412, MEA discussion paper series from Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy
Abstract:
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.
JEL-codes: C42 D31 E21 O52 (search for similar items in EconPapers)
Date: 2014-06-01
New Economics Papers: this item is included in nep-mac and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)
Downloads: (external link)
http://mea.mpisoc.mpg.de/uploads/user_mea_discussionpapers/1459_12-2014.pdf (application/pdf)
Related works:
Journal Article: Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics (2017) 
Working Paper: Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics (2014) 
Working Paper: Household wealth in the euro area: the importance of intergenerational transfers, homeownership and house price dynamics (2014) 
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:mea:meawpa:201412
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in MEA discussion paper series from Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, Amalienstraße 33, 80799 München, Germany.
Bibliographic data for series maintained by Henning Frankenberger ().