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The Gender Wealth Gap Across European Countries

Schneebaum, Alyssa and Rehm, Miriam and Mader, Katharina and Hollan, Katarina (2017) The Gender Wealth Gap Across European Countries. Review of Income and Wealth. ISSN 1475-4991

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Abstract

This paper studies the gap in wealth between male and female single households using 2010 Household Finance and Consumption Survey data for eight European countries. In the raw data, a large gap emerges at the upper end of the unconditional distribution. While OLS estimates show no difference in average net wealth levels, quantile regressions at the 95th percentile yield mixed evidence for the gender wealth gap in different specifications. Labour market characteristics and participation in asset and debt categories largely explain the differences between male and female single households. The gender gap in net wealth is driven by gaps in gross wealth and its components, but is attenuated in four countries by gender gaps in (collateralized) debt. In the full specification, the unexplained gap in gross wealth amounts to 27 percent in Slovakia, 33 percent in France, 44 percent in Austria, 45 percent in Germany, and 48 percent in Greece.

Item Type: Article
Additional Information: This is the peer reviewed version of the following article: Schneebaum, A., Rehm, M., Mader, K. and Hollan, K. (2017), The Gender Wealth Gap Across European Countries. Review of Income and Wealth, which has been published in final form at http://dx.doi.org/10.1111/roiw.12281. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving. The authors thank participants at research seminars at the Vienna University of Economics and Business and the Vienna Institute for International Economic Studies, workshop participants at the Families and Wealth workshop in Köln in April 2015, and two anonymous referees for valuable comments. All remaining errors are our own. Funding from the Austrian Chamber of Labour in Vienna (AK Wien) for this project is thankfully acknowledged. Any opinions expressed in this paper belong solely to the authors.
Keywords: gender / wealth / wealth gap / distribution
Classification Codes: JEL D31; J16; E21
Divisions: Departments > Volkswirtschaft > Makroökonomie
Forschungsinstitute > Verteilungsfragen
Version of the Document: Accepted for Publication
Variance from Published Version: Minor
Depositing User: Elena Simukovic
Date Deposited: 28 Aug 2017 12:40
Last Modified: 28 Aug 2017 19:47
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/79302/
URI: http://epub.wu.ac.at/id/eprint/5716

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