European Business Schools Librarian's Group

Department of Economics Working Papers,
Vienna University of Economics and Business, Department of Economics

The Gender Wealth Gap in Europe

Alyssa Schneebaum (), Miriam Rehm (), Katharina Mader (), Patricia Klopf () and Katarina Hollan ()
Additional contact information
Alyssa Schneebaum: Department of Economics, Vienna University of Economics and Business
Miriam Rehm: Vienna Chamber of Labour
Katharina Mader: Department of Economics, Vienna University of Economics and Business
Patricia Klopf: Department of Global Business and Trade, Vienna University of Economics and Business
Katarina Hollan: Austrian Institute of Economic Research

Abstract: This paper studies the gender wealth gap using 2010 Household Finance and Consumption Survey data for 15 European countries, and finds that households with only one male adult have more net wealth than households with one female adult, and that households with an adult couple have the highest net wealth. Using OLS regressions to predict net wealth and the inverse hyperbolic sine transformation of net wealth, as well as the nonparametric DiNardo-Fortin-Lemieux re-weighting technique, to study the relationship between household and personal characteristics with net wealth, the paper finds that differences in labor market characteristics between male and female households, most notably lifetime labor force participation and wages, explain much of the gender wealth gap.

Keywords: Gender, Wealth, Wealth Gap, Distribution

JEL-codes: D31; J16; E21 October 2014

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