particular in homeownership rates and house price dynamics, are important for explaining wealth differences across euro area … 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 …

Crossing borders, be it international or regional, often go together 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 average (median) net wealth difference is estimated to be €367,000 (€129,000) and …

This paper estimates the wealth effects on consumption in the euro area as a whole. Ishow that: (i) financial wealth … effects are relatively large and statistically significant;(ii) housing wealth effects are virtually nil and not significant … consumption to wealth is substantially different from the longrunwealth effects. By disaggregating... …

to German savings banks during the US mortgage crisis that are unrelated to local conditions. We find that firms with …

This paper studies the heterogeneity of the marginal propensity to consume out of wealth using French household surveys …. We find decreasing marginal propensity to consume out of wealth across the wealth distribution for all net wealth … assets, except in the top of the wealth distribution. Consumption is less sensitive to the value of the main residence than …

We study the link between household structure and cross country differences in the wealth distribution using a recently … examine the extent to which differences in the unconditional distributions of wealth across euro area countries can be …. Furthermore, the explanatory power of household structure changes along the net wealth distribution. Therefore we argue for more …