期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2014
出版社：European Central Bank
摘要：Crossing borders, be it international or regional, often go together with price, wage or indeedwealth discontinuities. This paper identifies substantial wealth differences between Luxembourgresident households and cross-border commuter households despite their similar incomes. The average(median) net wealth difference is estimated to be €367,000 (€129,000) and increases for higherpercentiles. Using several different regression and decomposition techniques, spatial (regional) differencesin real estate price developments, and thus differences in accumulated nominal capitalgains are shown to be one main driving factor for these wealth differences. Other factors contributingto the observed wealth differences are differences in age, income, education and other householdcharacteristics
关键词：household survey; wealth; real estate price dynamics; cross-border commuting
