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Households’ real estate and financial asset holdings: what differences in investment behaviour within the euro area?

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  • Arrondel, L.
  • Savignac, F.

Abstract

Household wealth differs significantly across euro area countries, both in terms of real estate asset holdings and of the composition of financial portfolios. This issue of Rue de la Banque summarises the initial studies on the composition of household wealth conducted using the Eurosystem Household Finance and Consumption Survey. These show that the differences in investment behaviour are explained by individual household characteristics (age, qualifications, income, household composition, inheritance), the effects of which vary according to the economic, institutional and financial environment of each country.

Suggested Citation

  • Arrondel, L. & Savignac, F., 2016. "Households’ real estate and financial asset holdings: what differences in investment behaviour within the euro area?," Rue de la Banque, Banque de France, issue 19, February..
    • Handle: RePEc:bfr:rueban:2016:19
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    File URL: https://publications.banque-france.fr/sites/default/files/medias/documents/rue-de-la-banque_19_2016-02_en.pdf
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    References listed on IDEAS

    as
    1. Luc Arrondel & Laura Bartiloro & Pirmin Fessler & Peter Lindner & Thomas Y. Mathä & Cristiana Rampazzi & Frédérique Savignac & Tobias Schmidt & Martin Schürz & Philip Vermeulen, 2016. "How Do Households Allocate Their Assets? Stylized Facts from the Eurosystem Household Finance and Consumption Survey," International Journal of Central Banking, International Journal of Central Banking, vol. 12(2), pages 129-220, June.
    2. Eurosystem Household Finance and Consumption Network, 2013. "The Eurosystem Household Finance and Consumption Survey - Methodological report," Statistics Paper Series 1, European Central Bank.
    3. Arrondel, L. & Roger, M. & Savignac, F., 2013. "Patrimoine et endettement des ménages dans la zone euro :le rôle prépondérant de l’immobilier," Bulletin de la Banque de France, Banque de France, issue 192, pages 81-94.
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