Recently, the influence of income and wealth distribution on aggregate savings receives considerable attention. While most studies have focused on measured income distributions, we emphasize the critical role of individuals' subjective perceptions in economic decision-making. Our results largely...

Using microdata from the Household Finance and Consumption Survey (HFCS), this study examines the role of inheritance, income and welfare state policies in explaining differences in household net wealth within and between euro area countries. First, about one third of the households in the 13...

This report presents results from the fourth wave of the Eurosystem Household Finance and Consumption Survey in Austria. After briefly outlining wave-specific issues due to the fieldwork done during times of COVID-19, we report on the state of Austrian households' balance sheets with a focus on...