The Luxembourg Household Finance and Consumption Survey (LU-HFCS): Introduction and Results

Thomas Mathä, Alessandro Porpiglia and Michael Ziegelmeyer

No 73, BCL working papers from Central Bank of Luxembourg

Abstract: This paper introduces the Luxembourg Household Finance and Consumption Survey (LU-HFCS), presents its background and aim, the field phase, the data treatment, including editing, imputation, and anonymisation, and some basic descriptive findings. The estimated average (median) total net wealth of Luxembourg households is about EUR 733,000 (EUR 403,000) - an extremely high value by international standards, which is likely to be driven by high incomes and correspondingly high prices of real estate in Luxembourg. Average total gross income and total net wealth generally increase with household size, with age up to retirement age and with education. On average, total gross income of Luxembourg national and foreign households do not seem to differ significantly. This cannot be said for total net wealth and net real wealth, which, on average, is more than double as high for Luxembourg households than for foreign households.

Keywords: household; survey; editing; multiple imputation; wealth; income (search for similar items in EconPapers)
JEL-codes: C81 C83 D14 D31 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2012-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:bcl:bclwop:bclwp073

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