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The Luxembourg Household Finance and Consumption Survey: Results from the fourth wave in 2021

Author

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  • Thomas Y. Mathä
  • Ana Montes-Viñas
  • Giuseppe Pulina
  • Michael Ziegelmeyer

Abstract

This report presents the main results and underlying methodology of the 2021 wave of the Luxembourg Household Finance and Consumption Survey (LU-HFCS). From 2018 to 2021, there was a broad-based increase in gross and net household income, as well as in net wealth. This partly reflects the rapid increase in property prices, positive stock market developments and "involuntary" savings during the COVID-19 pandemic. The share of indebted households remained stable, but the average amount of debt increased substantially across all household groups. There were no significant changes in income or wealth inequality since 2018.

Suggested Citation

  • Thomas Y. Mathä & Ana Montes-Viñas & Giuseppe Pulina & Michael Ziegelmeyer, 2023. "The Luxembourg Household Finance and Consumption Survey: Results from the fourth wave in 2021," BCL working papers 176, Central Bank of Luxembourg.
    • Handle: RePEc:bcl:bclwop:bclwp176
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    File URL: https://www.bcl.lu/en/publications/Working-papers/176/BCLWP176.pdf
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    References listed on IDEAS

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    Cited by:

    1. Bob Kaempff & David Kremer, 2025. "Using machine learning to aggregate apartment prices: Comparing the performance of different Luxembourg indices," BCL working papers 194, Central Bank of Luxembourg.

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    Keywords

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    JEL classification:

    • 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

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