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The Cross border Household Finance Consumption Survey: Results from the third wave

Author

Listed:
  • Yiwen Chen
  • Thomas Y. Mathä
  • Giuseppe Pulina
  • Michael Ziegelmeyer

Abstract

This report presents the methodology and main descriptive results from the third wave of the Cross-border Household Finance and Consumption Survey (XB-HFCS) conducted in 2018. This is a household survey of employees in Luxembourg who live abroad and regularly commute across the border. We analyse the composition and level of household assets and liabilities, net wealth and income, and compare them to those of similar households (including at least one employee) whether resident in Luxembourg or in one of the bordering countries. Compared to households employed in their country of residence, cross-border commuters reported higher median gross income, homeownership rates and wealth. Around 10% of cross-border commuters lived in Luxembourg before they moved to Belgium, France or Germany (usually their country of birth).

Suggested Citation

  • Yiwen Chen & Thomas Y. Mathä & Giuseppe Pulina & Michael Ziegelmeyer, 2021. "The Cross border Household Finance Consumption Survey: Results from the third wave," BCL working papers 154, Central Bank of Luxembourg.
    • Handle: RePEc:bcl:bclwop:bclwp154
    as

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    File URL: https://www.bcl.lu/en/publications/Working-papers/154/BCLWP154.pdf
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    References listed on IDEAS

    as
    1. Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2014. "Wealth differences across borders and the effect of real estate price dynamics: Evidence from two household surveys," BCL working papers 90, Central Bank of Luxembourg.
    2. Thomas Y. Mathä & Giuseppe Pulina & Michael Ziegelmeyer, 2018. "The Cross-border Household Finance and Consumption Survey: Results from the second wave," BCL working papers 119, Central Bank of Luxembourg.
    3. Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2017. "Cross-border commuting and consuming: an empirical investigation," Applied Economics, Taylor & Francis Journals, vol. 49(20), pages 2011-2026, April.
    4. Guillaume Claveres & Thomas Y. Mathä & Giuseppe Pulina & Jan Stráský & Nicolas Woloszko & Michael Ziegelmeyer, 2020. "Housing and inequality: The case of Luxembourg and its cross-border workers," BCL working papers 144, Central Bank of Luxembourg.
    5. Mathä, Thomas Y. & Porpiglia, Alessandro & Ziegelmeyer, Michael, 2017. "Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics," Journal of Housing Economics, Elsevier, vol. 35(C), pages 1-12.
    6. Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2012. "Income, Wealth and Consumption of Cross-Border Commuters to Luxembourg," BCL working papers 78, Central Bank of Luxembourg.
    7. Peter Lindner & Thomas Y. Mathä & Giuseppe Pulina & Michael Ziegelmeyer, 2020. "Borrowing constraints, own labour and homeownership: Does it pay to paint your walls?," BCL working papers 148, Central Bank of Luxembourg.
    8. repec:jid:journl:y:2018:v:26:i:3:p:15-49 is not listed on IDEAS
    9. Yiwen Chen & Thomas Y. Mathä & Giuseppe Pulina & Barbara Schuster & Michael Ziegelmeyer, 2020. "The Luxembourg Household Finance Consumption Survey: Results from the third wave," BCL working papers 142, Central Bank of Luxembourg.
    10. Anastasia Girshina & Thomas Y. Mathä & Michael Ziegelmeyer, 2017. "The Luxembourg Household Finance and Consumption Survey: Results from the 2nd wave," BCL working papers 106, Central Bank of Luxembourg.
    11. Girshina, Anastasia & Mathä, Thomas Y. & Ziegelmeyer, Michael, 2019. "Peer effects in stock market participation: evidence from immigration," Working Paper Series 2340, European Central Bank.
    12. Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2018. "Wealth differences across borders and the effect of real estate price dynamics: Evidence from two household surveys," Journal of Income Distribution, Ad libros publications inc., vol. 26(1), pages 1-35, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Cross-border commuters; households; survey; assets; liabilities; wealth; income.;
    All these keywords.

    JEL classification:

    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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