Email) (1), Philipp Marek, (Email) (2), Nicola Salvati, (Email) (3), Timo Schmid, (Email) (1), Sylvia Harmening">
12:30 - 13:30
Poster Session
Room: Lunches Space
Estimating regional wealth in Germany: How different are west and east really?
Ann-Kristin Kreutzmann, (Email) 1, Philipp Marek, (Email) 2, Nicola Salvati, (Email) 3, Timo Schmid, (Email) 1, Sylvia Harmening, (Email) 1
1 Freie Universität Berlin, Berlin
2 Deutsche Bundesbank, Frankfurt am Main
3 University of Pisa, Pisa
The increasing inequality of private income and wealth requires the redistribution of financial resources. Thus, several financial support schemes allocate budget across countries or regions. One compelling example in this context is the promoted catching-up process of East Germany after the German reunification. However, it is questionable if 25 years after the reunification differences only occur between the East and West or if an analysis at a lower regional level reveals a more diverse picture. In order to provide a data source for the estimation of private wealth, the European Central bank launched the Household Finance and Consumption Survey (HFCS) for all euro area countries in 2010. This work shows how to receive estimates based on the HFCS for low regional levels in Germany by means of a modified Fay-Herriot approach that deals with a) the skewness of the wealth distribution using a transformation, b) unit and item non-response, especially the used multiple imputation, c) inconsistencies of the regional estimates with the national direct estimate. Although the paper focuses particularly on Germany, the approach proposed is applicable to the other countries participating in the HFCS as well as to other surveys with a similar data structure.


Reference:
POST02-010
Session:
Advanced estimation techniques
Presenter/s:
Sylvia Harmening
Presentation type:
Poster presentation
Room:
Lunches Space
Date:
Wednesday, 13 March
Time:
12:30 - 13:30
Session times:
12:30 - 13:30