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Wealth differences across borders and the effect of real estate price dynamics: Evidence from two household surveys

Thomas Mathä (), Alessandro Porpiglia and Michael Ziegelmeyer ()

Journal of Income Distribution, 2018, vol. 26, issue 1, 1-35

Abstract: Crossing institutional or regulatory boundaries often goes together with discontinuities, be it price, wage or indeed wealth discontinuities. This paper identifies substantial wealth differences between Luxembourg resident households and cross-border commuter households. The average (median) net wealth difference is estimated to be €367,000 (€129,000) and increases for higher percentiles. Using several different regression and decomposition techniques, spatial (regional) differences in real estate price developments, and thus differences in accumulated nominal capital gains, are shown to be the main driving factor for these wealth differences. Other contributing factors are differences in age, income, education and other household characteristics.

Keywords: wealth distribution; real estate price dynamics; cross-border commuting; household survey (search for similar items in EconPapers)
JEL-codes: D31 J61 F22 R23 R31 (search for similar items in EconPapers)
Date: 2018
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Related works:
Working Paper: Wealth differences across borders and the effect of real estate price dynamics: Evidence from two household surveys (2014) Downloads
Working Paper: Wealth differences across borders and the effect of real estate price dynamics: evidence from two household surveys (2014) Downloads
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