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Private Vermögen in Ost- und Westdeutschland gleichen sich nur langsam an

Author

Listed:
  • Markus M. Grabka

Abstract

Very nearly 25 years after the fall of the Wall, households in eastern Germany have average assets of 67,400 euros which is less than half of their counterparts in western Germany with average assets of 153,200 euros. In both parts of the country, real estate ownership is quantitatively the most important asset type. Although the share of owner-occupiers has increased significantly in both regions since 1990, only one-third of all households in eastern Germany are owner occupied whereas the corresponding proportion in the west is almost half. Further, the market value of the real estate owned in eastern Germany is only half of that in the west. There has, however, been a significant convergence both in terms of average living space and property furnishings since the fall of the Wall. Auch rund 25 Jahre nach dem Mauerfall verfügen private Haushalte in Ostdeutschland mit im Durchschnitt 67 400 Euro über nicht einmal halb so hohe Vermögen wie die in Westdeutschland, wo es rund 153 200 Euro sind. In beiden Landesteilen ist der Immobilienbesitz die quantitativ wichtigste Vermögensform. Der Anteil der Eigentümerhaushalte hat zwar in beiden Landesteilen seit 1990 deutlich zugenommen, in Ostdeutschland sind aber nur rund ein Drittel aller Haushalte selbstnutzende Eigentümer, wohingegen im Westen knapp die Hälfte aller Haushalte eine selbstgenutzte Immobilie besitzt. Auch der Verkehrswert des Immobilienbesitzes fällt in Ostdeutschland nur halb so hoch aus wie im Westen. Sowohl hinsichtlich der durchschnittlichen Wohnfläche als auch bezüglich der Ausstattung der Immobilien erfolgtehingegen seit dem Mauerfall eine deutliche Angleichung.

Suggested Citation

  • Markus M. Grabka, 2014. "Private Vermögen in Ost- und Westdeutschland gleichen sich nur langsam an," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 81(40), pages 959-966.
  • Handle: RePEc:diw:diwwob:81-40-4
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    Citations

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    Cited by:

    1. Malmendier, Ulrike M. & Laudenbach, Christine & Niessen-Ruenzi, Alexandra, 2020. "The Long-lasting Effects of Experiencing Communism on Attitudes towards Financial Markets," CEPR Discussion Papers 14939, C.E.P.R. Discussion Papers.
    2. Tabea Bucher†Koenen & Bettina Lamla†Dietrich, 2018. "The Long Shadow of Socialism: Puzzling Evidence on East†West German Differences in Financial Literacy," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 47(2-3), pages 413-438, July.
    3. Laudenbach, Christine & Malmendier, Ulrike & Niessen-Ruenzi, Alexandra, 2024. "The long-lasting effects of experiencing communism on attitudes towards financial markets," SAFE Working Paper Series 429, Leibniz Institute for Financial Research SAFE.
    4. Becker, Gideon, 2015. "Econometric analysis of the wealth gap between East and West Germany," University of Tübingen Working Papers in Business and Economics 87, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.

    More about this item

    Keywords

    net worth; EVS; East and West Germany; Transition;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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