Comparing Wealth - Data Quality of the HFCS

Tiefensee, Anita; Grabka, Markus M.

doi:10.2139/ssrn.2533371

Cited by 14 publications

(15 citation statements)

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“…The basis for the oversampling in Germany is the geographic information about taxable income, whereas the French oversampling is based on the individual information about taxable net wealth. (Tiefensee and Grabka, 2014). It is important to keep these differences in survey methodology in mind when comparing the results of our four countries.…”

Section: Household Finance and Consumption Survey (Hfcs)mentioning

confidence: 99%

The Top Tail of the Wealth Distribution in Germany, France, Spain, and Greece

2015

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Section: Household Finance and Consumption Survey (Hfcs)mentioning

confidence: 99%

The Top Tail of the Wealth Distribution in Germany, France, Spain, and Greece

2015

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“… For a detailed discussion of asset valuation in the HFCS, see the European Central Bank (2013a) report; and for an in‐depth analysis of issues in cross‐country comparability, see Tiefensee and Grabka ().…”

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The Gender Wealth Gap Across European Countries

Schneebaum

Rehm

Mader

et al. 2017

Review of Income and Wealth

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This paper studies the gap in wealth between male and female single households using 2010 Household Finance and Consumption Survey data for eight European countries. In the raw data, a large gap emerges at the upper end of the unconditional distribution. While OLS estimates show no difference in average net wealth levels, quantile regressions at the 95 th percentile yield mixed evidence for the gender wealth gap in different specifications. Labour market characteristics and participation in asset and debt categories largely explain the differences between male and female single households. We show that the gender gap in net wealth is driven by gender gaps in gross wealth and its components, but is attenuated in four countries by gender gaps in (collateralized) debt. In the full specification, the unexplained gap in gross wealth amounts to 27% in Slovakia, 33% in France, 44% in Austria, 45% in Germany, and 48% in Greece. A robustness check using person-level pension wealth confirms the presence of a gender gap for the full population.JEL Classifications: D31; J16; E21

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“…Nevertheless Tiefensee & Grabka (2015) show that net worth positions are not unlimitedly comparable between all countries due to 4 Our unit of analysis is, therefore, the household and not the individual. 5 Austria, Belgium, Cyprus, Finland, France, Greece, Germany, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.…”

Section: Country Selectionmentioning

confidence: 99%

Intergenerational Transfers and Wealth in the Euro-Area: The Relevance of Inheritances and Gifts in Absolute and Relative Terms

Tiefensee

Westermeier

2016

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractPrivate wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro-area countries. First, we investigate the patterns of prevalence and level of past wealth transfers in the individual countries: Who received transfers, and what is their present value in absolute terms? We find that in most countries the percentages of households with a transfer as well as the mean present value of those transfers is increasing along the distribution of net wealth. Using a series of country-specific multivariate regressions, we find that households with higher income and education levels have both a higher probability of receiving transfers and higher absolute transfer value. We then analyze the present value of transfers as a percent of current net worth. Here, in relative terms, some of the results are reversed, as the relative importance of intergenerational transfers does not increase with the level of wealth or income. Using a fractional logit regression we conclude that for higher income quintiles the share of current net worth due to past intergenerational transfers tends to be decreasing.

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Comparing Wealth - Data Quality of the HFCS

Cited by 14 publications

References 0 publications

The Top Tail of the Wealth Distribution in Germany, France, Spain, and Greece

The Top Tail of the Wealth Distribution in Germany, France, Spain, and Greece

The Gender Wealth Gap Across European Countries

Intergenerational Transfers and Wealth in the Euro-Area: The Relevance of Inheritances and Gifts in Absolute and Relative Terms

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