EconPapers    
Economics at your fingertips  
 

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

Thomas Mathä, Alessandro Porpiglia and Michael Ziegelmeyer ()

No 201411, MEA discussion paper series from Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy

Abstract: Crossing borders, be it international or regional, often go togther with price wage or indeed wealth discontinuities. This paper identifies substantial wealth differences between Luxembourg resident households and cross-border commuter households despite their similar incomes. The av-erage (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) dif-ferences in real estate price developments, and thus differences in accumulated nominal capital gains are shown to be one main driving factor for these wealth differences. Other factors contribut-ing to the observed wealth differences are differences in age, income, education and other house-hold characteristics.

JEL-codes: D31 J61 F22 R23 R31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ure
Date: 2014-05-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://mea.mpisoc.mpg.de/uploads/user_mea_discussionpapers/1458_11-2014.pdf (application/pdf)

Related works:
Working Paper: Wealth differences across borders and the effect of real estate price dynamics: Evidence from two household surveys (2014) Downloads
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: https://EconPapers.repec.org/RePEc:mea:meawpa:201411

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in MEA discussion paper series from Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, Amalienstraße 33, 80799 München, Germany.
Bibliographic data for series maintained by Henning Frankenberger ().

 
Page updated 2019-08-22
Handle: RePEc:mea:meawpa:201411