Economics at your fingertips  

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: D31 D14 C81 C83 (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 (15) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
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:

Access Statistics for this paper

More papers in BCL working papers from Central Bank of Luxembourg
Bibliographic data for series maintained by ().

Page updated 2020-04-04
Handle: RePEc:bcl:bclwop:bclwp073