Household wealth in Central and Eastern Europe Explaining the wealth gap between Poland and Hungary

Marcin Wroński

Bank i Kredyt, 2022, vol. 53, issue 5, 443-474

Abstract: Abstract In this paper, we compare the distribution of household wealth in Estonia, Hungary, Latvia, Poland, and Slovakia. This comparison leads to a striking result. Despite similar levels of economic development, households in Poland are two times wealthier than their Hungarian counterparts. Therefore in the second part of the paper, we estimate the counterfactual wealth distribution that would exist if the household composition in Poland was the same as in Hungary in order to investigate if differences in the household structure explain this gap. According to our results, the different household composition explains only approx. 15% of the wealth gap.

Keywords: Central and Eastern Europe; household wealth; wealth inequality; counterfactual distribution (search for similar items in EconPapers)
JEL-codes: D31 P52 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpbik:v:53:y:2022:i:4:p:443-474

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