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Eurosystem Household Finance and Consumption Survey 2017 for Austria

Author

Listed:
  • Pirmin Fessler

    (Oesterreichische Nationalbank, Economic Analysis Division)

  • Peter Lindner

    (Economic Analysis Division)

  • Martin Schürz

    (Oesterreichische Nationalbank, Economic Analysis Division)

Abstract

This report presents results from the third wave of the Eurosystem Household Finance and Consumption Survey (HFCS) for Austria. The report focuses on the wealth components of the household balance sheet but we also discuss the main findings of the survey in terms of balance sheet robustness. We analyze the pattern of findings that are in line with international results as well as peculiar but stable findings which specifically apply to Austrian households. As the joint distribution of income, consumption and wealth is of particular interest for many international institutions we match the HFCS data with European Union Statistics of Income and Living Conditions (EU-SILC) and with Household Budget Survey (HBS) data.

Suggested Citation

  • Pirmin Fessler & Peter Lindner & Martin Schürz, 2019. "Eurosystem Household Finance and Consumption Survey 2017 for Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q4/18, pages 36-66.
  • Handle: RePEc:onb:oenbmp:y:2019:i:q4/18:b:2
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    File URL: https://www.oenb.at/dam/jcr:8b5436a3-72a2-415a-a0b3-ea476c371a0c/4_mop_%20q4_18_screen.pdf
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    References listed on IDEAS

    as
    1. Andreasch Michael & Lindner Peter, 2016. "Micro- and Macrodata: a Comparison of the Household Finance and Consumption Survey with Financial Accounts in Austria," Journal of Official Statistics, Sciendo, vol. 32(1), pages 1-28, March.
    2. Davies, James B. & Shorrocks, Anthony F., 2000. "The distribution of wealth," Handbook of Income Distribution, in: A.B. Atkinson & F. Bourguignon (ed.), Handbook of Income Distribution, edition 1, volume 1, chapter 11, pages 605-675, Elsevier.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Nicolas Albacete & Peter Lindner, 2017. "How strong is the wealth channel of monetary policy transmission? A microeconometric evaluation for Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/17, pages 32-53.
    2. Gerhard Fenz, 2013. "Austrian Economy to Grow by 0.5% in 2013," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 6-11.
    3. Gunther Tichy, 2019. "The Neglected Mass Saving. The Economic Consequences of Increasing Intermediation," WIFO Bulletin, WIFO, vol. 24(17), pages 153-166, December.
    4. Pirmin Fessler & Peter Lindner & Martin Schürz, 2016. "In focus: Eurosystem Household Finance and Consumption Survey 2014 – first results for Austria (second wave)," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 34-95.
    5. Christian Beer & Karin Wagner, 2017. "Household's housing expenditure in Austria, Germany and Italy," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q4/17, pages 48-61.
    6. Nicolas Albacete & Peter Lindner, 2017. "Simulating the impact of borrower-based macroprudential policies on mortgages and the real estate sector in Austria – evidence from the Household Finance and Consumption Survey 2014," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 33, pages 52-68.
    7. Miriam Rehm, 2020. "Vermögensverteilung und Wirtschaftskrisen," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(4), pages 245-249, April.
    8. Christian Beer & Walter Waschiczek, 2017. "What is the financial sector’s contribution to the Austrian economy?," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/17, pages 54-72.
    9. Pirmin Fessler & Martin Schürz, 2013. "Cross-Country Comparability of the Eurosystem Household Finance and Consumption Survey," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 29-50.
    10. Peter Lindner & Vanessa Redak, 2017. "The resilience of households in bank bail-ins," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 33, pages 88-101.

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    More about this item

    Keywords

    private wealth; distribution; household; survey; HFCS;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D3 - Microeconomics - - Distribution

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