Income, Wealth and Consumption of Cross-Border Commuters to Luxembourg
Thomas Mathä (),
Alessandro Porpiglia and
Michael Ziegelmeyer ()
No 78, BCL working papers from Central Bank of Luxembourg
Exceeding 40% of domestic employment cross-border commuters are extremely important to Luxembourg's economy and labour market in general. This paper presents unique information on their income, wealth and consumption using representative survey data from cross-border commuter households to Luxembourg. The estimated average total net wealth of cross-border commuter households is about EUR 240,000, which falls substantially short of comparable estimates for Luxembourg resident households exceeding EUR 700,000. Cross-border commuters do not only receive money from but also leave money in Luxembourg. In terms of consumption expenditures, they spend on average more than EUR 9,300 per year inside Luxembourg?s borders, representing about 15% of their total gross income and 17% of their gross income from Luxembourg.
Keywords: household; survey; wealth; income; consumption; cross-border; commuter (search for similar items in EconPapers)
JEL-codes: D31 C81 C83 J61 (search for similar items in EconPapers)
Pages: 46 pages
New Economics Papers: this item is included in nep-eur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bcl:bclwop:bclwp078
Access Statistics for this paper
More papers in BCL working papers from Central Bank of Luxembourg
Bibliographic data for series maintained by ().