Details about Pirmin Fessler

Access statistics for papers by Pirmin Fessler.

Last updated 2024-07-05. Update your information in the RePEc Author Service.

Short-id: pfe230

Working Papers

2024

1. The Role of MPC Heterogeneity for Fiscal and Monetary Policy in the Euro Area (Nicolas Albacete, Pirmin Fessler, Atanas Pekanov)
   Working Papers, Oesterreichische Nationalbank (Austrian Central Bank)

2023

2. Households' financial resilience, risk perceptions, and financial literacy: Evidence from a survey experiment
   ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research View citations (1)
3. The subjective wealth distribution: How it arises and why it matters to inform policy? (Pirmin Fessler, Severin Rapp)
   Working Papers, Oesterreichische Nationalbank (Austrian Central Bank)

2022

4. Environmental and Social Preferences and Investments in Crypto-Assets
   Working and Discussion Papers, Research Department, National Bank of Slovakia View citations (2)
   Also in JRC Research Reports, Joint Research Centre (2022) View citations (1)
5. Environmental-Social-Governance Preferences and Investments in Crypto-Assets
   Papers, arXiv.org View citations (2)
   Also in EERI Research Paper Series, Economics and Econometrics Research Institute (EERI), Brussels (2022)
   Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) (2022)
6. The Wealth Distribution and Redistributive Preferences: Evidence from a Randomized Survey Experiment (Nicolás Albacete, Pirmin Fessler, Peter Lindner)
   Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (1)

2021

7. Who’s asking? Interviewer effects on unit non-response in the Household Finance and Consumption Survey
   Statistics Paper Series, European Central Bank View citations (1)

2020

8. Confidence, Financial Literacy and Investment in Risky Assets: Evidence from the Survey of Consumer Finances
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
   Also in Working and Discussion Papers, Research Department, National Bank of Slovakia (2020) View citations (6)
9. Gender differences in risky asset behavior: the importance of self-confidence and financial literacy
   Department of Economics Working Papers, Vienna University of Economics and Business, Department of Economics View citations (2)
   Also in Department of Economics Working Paper Series, WU Vienna University of Economics and Business (2020)
   See also Journal Article Gender differences in risky asset behavior: The importance of self-confidence and financial literacy, Finance Research Letters, Elsevier (2021) View citations (8) (2021)
10. Helicopter Money in Europe: New Evidence on the Marginal Propensity to Consume across European Households (Katharina Drescher, Pirmin Fessler, Peter Lindner)
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (8)

2019

11. Risky assets in Europe and the US: risk vulnerability, risk aversion and economic environment
    Working Paper Series, European Central Bank View citations (2)

2018

12. Exploring differences in financial literacy across countries: the role of individual characteristics and institutions
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (9)
    See also Journal Article Exploring Differences in Financial Literacy Across Countries: The Role of Individual Characteristics and Institutions, Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer (2021) View citations (8) (2021)
13. Financial literacy gaps across countries: the role of individual characteristics and institutions
    Working and Discussion Papers, Research Department, National Bank of Slovakia View citations (8)
14. The functions of wealth: renters, owners and capitalists across Europe and the United States
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (4)

2017

15. How to use economic theory to improve estimators
    Working Paper, Harvard University OpenScholar View citations (6)

2016

16. How Do Households Allocate Their Assets? Stylized Facts from the Eurosystem Household Finance and Consumption Survey
    PSE-Ecole d'économie de Paris (Postprint), HAL View citations (37)
    Also in Post-Print, HAL (2016) View citations (36)
    BCL working papers, Central Bank of Luxembourg (2014) View citations (29)
    Working Paper Series, European Central Bank (2014) View citations (21)
    Discussion Papers, Deutsche Bundesbank (2014) View citations (42)
    See also Journal Article How Do Households Allocate Their Assets? Stylized Facts from the Eurosystem Household Finance and Consumption Survey, International Journal of Central Banking, International Journal of Central Banking (2016) View citations (39) (2016)
17. The Returns to Preschool Attendance
    Department of Economics Working Papers, Vienna University of Economics and Business, Department of Economics View citations (1)
    Also in Department of Economics Working Paper Series, WU Vienna University of Economics and Business (2016) View citations (1)

2015

18. Labor demand and wage inequality in Europe - an empirical Bayes approach
    Working Paper, Harvard University OpenScholar
19. Private wealth across European countries: the role of income, inheritance and the welfare state
    Working Paper Series, European Central Bank View citations (22)
    See also Journal Article Private Wealth Across European Countries: The Role of Income, Inheritance and the Welfare State, Journal of Human Development and Capabilities, Taylor & Francis Journals (2018) View citations (33) (2018)

2014

20. Net wealth across the euro area - why household structure matters and how to control for it
    Working Paper Series, European Central Bank View citations (26)
21. The impact of housing non-cash income on the unconditional distribution of household income in Austria
    Working Paper Series, European Central Bank

2012

22. Survey mode effects on income inequality measurement
    Working Paper, Harvard University OpenScholar View citations (7)

2009

23. Survey data on household finance and consumption: research summary and policy use
    Occasional Paper Series, European Central Bank

2008

24. How Inheritances Relate to Wealth Distribution? Theoretical Reasoning and Empirical Evidence on the Basis of LWS Data
    LWS Working papers, LIS Cross-National Data Center in Luxembourg View citations (7)

Journal Articles

2023

1. Who pays the price when prices rise?
   Monetary Policy & the Economy, 2023, (Q4/22-Q1/23), 67-84

2022

2. Investor confidence and high financial literacy jointly shape investments in risky assets
   Economic Modelling, 2022, 116, (C) View citations (8)
3. Where have all the insolvencies gone?
   Monetary Policy & the Economy, 2022, (Q3/22), 43-57 View citations (2)

2021

4. Exploring Differences in Financial Literacy Across Countries: The Role of Individual Characteristics and Institutions
   Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2021, 158, (2), 409-438 View citations (8)
   See also Working Paper Exploring differences in financial literacy across countries: the role of individual characteristics and institutions, Working Papers (2018) View citations (9) (2018)
5. Gender differences in risky asset behavior: The importance of self-confidence and financial literacy
   Finance Research Letters, 2021, 42, (C) View citations (8)
   See also Working Paper Gender differences in risky asset behavior: the importance of self-confidence and financial literacy, Department of Economics Working Papers (2020) View citations (2) (2020)
6. How has COVID-19 affected the financial situation of households in Austria?
   Monetary Policy & the Economy, 2021, (Q4/20-Q1/21), 111-130 View citations (4)
7. The calm before the storm? Insolvencies during the COVID-19 pandemic
   Financial Stability Report, 2021, (41), 57-76 View citations (1)

2020

8. Financial knowledge, attitude and behavior: evidence from the Austrian Survey of Financial Literacy
   Empirica, 2020, 47, (4), 929-947 View citations (7)
9. Financial literacy in Austria – focus on millennials
   Monetary Policy & the Economy, 2020, (Q3/20), 21-38 View citations (3)
10. Helicopter money in Europe: New evidence on the marginal propensity to consume across European households
    Economics Letters, 2020, 195, (C) View citations (19)
11. Inheritance and equal opportunity - it is the family that matters
    Public Sector Economics, 2020, 44, (4), 463-482 View citations (1)
12. Mapping financial vulnerability in CESEE: understanding risk-bearing capacities of households is key in times of crisis
    Financial Stability Report, 2020, (39), 71-87 View citations (3)

2019

13. Eurosystem Household Finance and Consumption Survey 2017 for Austria
    Monetary Policy & the Economy, 2019, (18/Q4), 36-66 View citations (5)
14. How to Use Economic Theory to Improve Estimators: Shrinking Toward Theoretical Restrictions
    The Review of Economics and Statistics, 2019, 101, (4), 681-698 View citations (12)
15. The educational and labor market returns to preschool attendance in Austria
    Applied Economics, 2019, 51, (32), 3531-3550 View citations (4)

2018

16. Decomposing gender gaps in financial literacy: New international evidence
    Economics Letters, 2018, 168, (C), 102-106 View citations (45)
17. Digitalization in financial services and household finance: fintech, financial literacy and financial stability
    Financial Stability Report, 2018, (35), 50-58 View citations (7)
18. Financial literacy in Austria: a survey of recent research results
    Monetary Policy & the Economy, 2018, (Q1/18), 14-26 View citations (1)
19. Nonperforming exposures of Austrian banks – decomposing aggregate measures
    Financial Stability Report, 2018, (36), 40-55 View citations (3)
20. One policy to rule them all? On the effectiveness of LTV, DTI and DSTI ratio limits as macroprudential policy tools
    Financial Stability Report, 2018, (35), 67-83 View citations (4)
21. Private Wealth Across European Countries: The Role of Income, Inheritance and the Welfare State
    Journal of Human Development and Capabilities, 2018, 19, (4), 521-549 View citations (33)
    See also Working Paper Private wealth across European countries: the role of income, inheritance and the welfare state, Working Paper Series (2015) View citations (22) (2015)
22. Survey mode effects on measured income inequality
    The Journal of Economic Inequality, 2018, 16, (4), 487-505 View citations (6)
    Also in The Journal of Economic Inequality, 2018, 16, (4), 487-505 (2018) View citations (7)

2017

23. How financially vulnerable are CESEE households? An Austrian perspective on its neighbors
    Focus on European Economic Integration, 2017, (2), 58–79 View citations (5)
24. Länderunterschiede in der Vermögensungleichheit in Europa
    Wirtschaft und Gesellschaft - WuG, 2017, 43, (1), 41-64
25. Zur Verteilung der Sparquoten in Österreich
    Monetary Policy & the Economy, 2017, (3), 13–33 View citations (5)

2016

26. How Do Households Allocate Their Assets? Stylized Facts from the Eurosystem Household Finance and Consumption Survey
    International Journal of Central Banking, 2016, 12, (2), 129-220 View citations (39)
    See also Working Paper How Do Households Allocate Their Assets? Stylized Facts from the Eurosystem Household Finance and Consumption Survey, PSE-Ecole d'économie de Paris (Postprint) (2016) View citations (37) (2016)
27. In focus: Eurosystem Household Finance and Consumption Survey 2014 – first results for Austria (second wave)
    Monetary Policy & the Economy, 2016, (2), 34-95 View citations (3)
28. The distribution of residential property price changes across homeowners and its implications for financial stability in Austria
    Financial Stability Report, 2016, (31), 62-81 View citations (10)
29. The impact of housing non-cash income on the household income distribution in Austria
    Urban Studies, 2016, 53, (13), 2849-2866 View citations (16)

2015

30. What can we learn from Eurosystem Household Finance and Consumption Survey data? – An application to household debt in Slovakia
    Focus on European Economic Integration, 2015, (2), 76-87 View citations (1)

2014

31. A micro-based non-inflationary rate of capacity utilisation as a measure of inflationary pressure: evidence for Austria
    Empirica, 2014, 41, (1), 23-36 View citations (1)

2013

32. Cross-Country Comparability of the Eurosystem Household Finance and Consumption Survey
    Monetary Policy & the Economy, 2013, (2), 29–50 View citations (10)
33. Reich bleiben in Österreich
    Wirtschaft und Gesellschaft - WuG, 2013, 39, (3), 343-360 View citations (6)
34. The Distribution of Inflation among Austrian Households
    Monetary Policy & the Economy, 2013, (3), 12–28 View citations (7)

2012

35. Eurosystem Household Finance and Consumption Survey 2010 First Results for Austria
    Monetary Policy & the Economy, 2012, (3), 23–62 View citations (13)
36. Gender and Educational Attainment Across Generations in Austria
    Feminist Economics, 2012, 18, (1), 161-188 View citations (14)
37. Intergenerational transmission of educational attainment in Austria
    Empirica, 2012, 39, (1), 65-86 View citations (13)
38. Risk Buffer Profiles of Foreign Currency Mortgage Holders
    Financial Stability Report, 2012, (23), 58-71 View citations (7)
39. Savings Deposits in Austria – A Safety Net in Times of Crisis
    Monetary Policy & the Economy, 2012, (2), 81–95

2010

40. Informationen zum "kleinen Häuselbauer"
    Wirtschaft und Gesellschaft - WuG, 2010, 36, (2), 181-198 View citations (3)
41. Real Estate Inheritance in Austria
    Monetary Policy & the Economy, 2010, (2), 33–53 View citations (1)
42. Stress Testing Austrian Households
    Financial Stability Report, 2010, (19), 72-91 View citations (47)

2009

43. Austrian Households’ Equity Capital – Evidence from Microdata
    Monetary Policy & the Economy, 2009, (4), 61–78 View citations (2)
44. Housing Wealth of Austrian Households
    Monetary Policy & the Economy, 2009, (2), 104–124 View citations (2)

2008

45. Arme Schuldner - Reiche Schuldner? Haushaltsverschuldung und Geldvermoegen privater Haushalte auf Basis von Mikrodaten (Poor Debtors - Rich Debtors? Household Indebtedness and Financial Assets of Private Households Based on Micro Data)
    European Journal of Economics and Economic Policies: Intervention, 2008, 5, (1), 31-45
46. Stock Holdings in Austria
    Monetary Policy & the Economy, 2008, (2), 83–100 View citations (3)
47. Wealth Effects on Consumption in Austria
    Monetary Policy & the Economy, 2008, (4), 68–84 View citations (10)

2007

48. Financial Capability of Austrian Households
    Monetary Policy & the Economy, 2007, (3), 50–67 View citations (6)

Books

2019

1. Förderung der sozialen Mobilität in Österreich / Vermögen der privaten Haushalte in Österreich: Gemeinsamkeiten und Unterschiede, vol 26
   Sozialpolitische Studienreihe, Government of Austria, Federal Ministry of Social Affairs, Health, Care and Consumer Protection, Vienna

Chapters

2021

1. Structuring the Analysis of Wealth Inequality Using the Functions of Wealth: A Class-Based Approach
   A chapter in Measuring Distribution and Mobility of Income and Wealth, 2021, pp 221-248 View citations (1)

2009

2. Housing and Financial Wealth in Austria: What Can Survey Data Tell Us for the Analysis of Financial Stability Issues?
   Palgrave Macmillan