Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154123
Authors: 
Mathä, Thomas Y.
Porpiglia, Alessandro
Ziegelmeyer, Michael
Year of Publication: 
2014
Series/Report no.: 
ECB Working Paper 1690
Abstract: 
Results from the Eurosystem Household Finance and Consumption Survey reveal substantial variation in household net wealth across euro area countries that await explanation. This paper focuses on three main factors for the wealth accumulation process, i) homeownership, ii) housing value appreciation and iii) intergenerational transfers. We show that these three factors, in addition to the common household and demographic factors, are relevant for the net wealth accumulation process in all euro area countries, and moreover that, using various decomposition techniques, differences therein, in particular in homeownership rates and house price dynamics, are important for explaining wealth differences across euro area countries.
Subjects: 
euro area
homeownership
household wealth
inheritance
property prices
JEL: 
D31
E21
O52
C42
Document Type: 
Working Paper

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