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Muriel Roger

6 August 2014
WORKING PAPER SERIES - No. 1709
Details
Abstract
This article aims at linking the household wealth and income distributions for 15 European countries using the Household Finance and Consumption Survey. We study the role played by the household
JEL Code
D31 : Microeconomics→Distribution→Personal Income, Wealth, and Their Distributions
C35 : Mathematical and Quantitative Methods→Multiple or Simultaneous Equation Models, Multiple Variables→Discrete Regression and Qualitative Choice Models, Discrete Regressors, Proportions
Network
Household Finance and Consumption Network (HFCN)
4 February 2020
WORKING PAPER SERIES - No. 2372
Details
Abstract
We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement effects of mandatory pension wealth on non-pension financial wealth at the mean, and a statistically significant crowd-out estimate on the probability of owning real estate property. Second, there is heterogeneity in the mean savings offset depending on age, risk attitudes and country. Third, the offset follows different patterns along the non-pension wealth distribution across countries.
JEL Code
D31 : Microeconomics→Distribution→Personal Income, Wealth, and Their Distributions
D91 : Microeconomics→Intertemporal Choice→Intertemporal Household Choice, Life Cycle Models and Saving
H55 : Public Economics→National Government Expenditures and Related Policies→Social Security and Public Pensions
Network
Household Finance and Consumption Network (HFCN)