Private 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...

Private 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...

Eine wichtige Funktion von Vermögen ist die Sicherung des Konsumniveaus bei Einkommensausfällen. In Deutschland können 30 % der Haushalte maximal wenige Wochen oder Monate ihr aktuelles Konsumniveau aus ihren Vermögen sichern. Diese Haushalte verfügen über kein nennenswertes Vermögen oder...

The Household Finance and Consumption Survey (HFCS) provides information about house-hold wealth (real and financial assets as well as liabilities) from 15 Euro-countries around the year 2010 (first wave). The survey will be the central dataset in this topic in the future. However, several...

The Household Finance and Consumption Survey (HFCS) provides information about household wealth (real and financial assets as well as liabilities) from 15 Euro-countries after the financial crisis of 2007/8. The survey will be the central dataset in this topic in the future. However, several...

Statistical Analysis in surveys is often facing missing data. As case-wise deletion and single imputation prove to have undesired properties, multiple imputation remains as a measure to handle this problem. In a longitudinal study, where for some missing values past or future data points might...

This paper investigates the role of inheritance in the distribution of wealth in Germany. Recently collected survey data allow us to compute inheritance - wealth ratios for various quantiles based on several assumptions concerning the capitalization of past bequests and gifts. Our results...

Wir gehen der Frage nach, ob die gegenwärtige Vermögensungleichheit in Deutschland auf eine Dominanz von Erbschaften im oberen Bereich der Verteilung zurückzuführen ist. Auf Basis von Daten der Deutschen Bundesbank zeigt sich, dass die Vermögen der Deutschen zu etwa zwei Dritteln auf...

We use data from the European Household Finance and Consumption Survey in order to examine the distributional effect of intergenerational wealth transfers on the net worth distribution in 8 European countries and compare it to recent findings for the US. To do so, we resort to the decomposition...