Konferenzbeitrag

The Pattern of Home Ownership Across Age Cohorts and its Impact on the German Net Wealth Distribution

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We analyze the link between homeownership and the net wealth distribution using household-level micro data from Germany and the US. We are particularly interested in the effect of the pattern of ownership across cohorts. Given that wealth accumulates over the life-cycle and that owners are wealthier than renters, past tenure choices, affecting today’s share of owners for different cohorts, should be related to current wealth levels and inequality. In order to gauge the effect of the ownership structure over cohorts on the distribution of net wealth we impose the homeownership pattern of the US on Germany. This leads to a large increase in the German median net wealth and reduces wealth inequality. Past tenure choice seems to affects today’s net wealth distribution. Some of the effects can be attributed to the difference in ownership shares between old cohorts in Germany and the US, but this effect appears to be less pronounced than expected.

Language
Englisch

Bibliographic citation
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: Inequality in Germany and Europe ; No. A06-V1

Classification
Wirtschaft
Personal Income, Wealth, and Their Distributions
Distribution: General
Household Behavior: General

Event
Geistige Schöpfung
(who)
Schmidt, Tobias
Alik-Lagrange, Arthur
Event
Veröffentlichung
(who)
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
(where)
Kiel und Hamburg
(when)
2016

Handle
Last update
10.03.2025, 11:42 AM CET

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Object type

  • Konferenzbeitrag

Associated

  • Schmidt, Tobias
  • Alik-Lagrange, Arthur
  • ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

Time of origin

  • 2016

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