The Gender Wealth Gap in Europe

Alyssa Schneebaum, Miriam Rehm, Katharina Mader (), Patricia Klopf () and Katarina Hollan ()
Additional contact information
Katharina Mader: Department of Economics, Vienna University of Economics and Business
Patricia Klopf: Department of Global Business and Trade, Vienna University of Economics and Business
Katarina Hollan: Austrian Institute of Economic Research

Department of Economics Working Papers from Vienna University of Economics and Business, Department of Economics

Abstract: This paper studies the gender wealth gap using 2010 Household Finance and Consumption Survey data for 15 European countries, and finds that households with only one male adult have more net wealth than households with one female adult, and that households with an adult couple have the highest net wealth. Using OLS regressions to predict net wealth and the inverse hyperbolic sine transformation of net wealth, as well as the nonparametric DiNardo-Fortin-Lemieux re-weighting technique, to study the relationship between household and personal characteristics with net wealth, the paper finds that differences in labor market characteristics between male and female households, most notably lifetime labor force participation and wages, explain much of the gender wealth gap.

Keywords: Gender; Wealth; Wealth Gap; Distribution (search for similar items in EconPapers)
JEL-codes: D31 E21 J16 (search for similar items in EconPapers)
Date: 2014-10
New Economics Papers: this item is included in nep-eur and nep-mac
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Citations: View citations in EconPapers (4)

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Related works:
Working Paper: The Gender Wealth Gap in Europe (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:wiw:wiwwuw:wuwp186

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