Towards understanding differences in european household finances
Hintermaier, Thomas
Koeniger, Winfried

Date: 2016
Abstract: This paper documents facts about differences in household portfolio composition across European countries, using the Eurosystem's Household Finance and Consumption Survey (HFCS) as a data source. On the asset side of balance sheets, the focus of our analysis is on the distinction between housing wealth and other assets. On the liability side, we distinguish types of debt which are collateralized by housing. As a consequence, this paper addresses cross-European differences in home-equity positions. These facts inform the design of a European Household Finance Common Reference Model (HFCRM). This reference model identifies a common structure of key factors in household financial decision making. At the same time the HFCRM is flexible enough to admit parameterizations which fit the diversity of financial and legal institutions across European countries.
Abstract: The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
Note: Número d'acord de subvenció EC/H2020/649396
Rights: Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original. Creative Commons
Language: Anglès.
Series: Barcelona Graduate School of Economics: ADEMU working paper series
Series: ADEMU Working Paper Series ; 17
Document: workingPaper
Subject: European household portfolios ; International comparative finance ; Housing ; Household debt

Adreça alternativa: https://hdl.handle.net/10230/27289
Adreça alternativa: https://hdl.handle.net/2072/305995


17 p, 231.6 KB

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Research literature > Working papers

 Record created 2018-10-23, last modified 2019-07-21



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