What do we live from? An overview of the first comprehensive Hungarian household wealth survey

Simon, Béla and Valentiny, Ádám (2017) What do we live from? An overview of the first comprehensive Hungarian household wealth survey. Hungarian Statistical Review, 92 (SN21). pp. 29-47. ISSN 0039-0690

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Abstract

While the assessment of income inequalities dates back to several decades, the generation of information, and analyses on the structure and distribution of households’ wealth have started recently. In the second half of the 2000s, the ECB (European Central Bank) initiated the launch of a standardised, comprehensive survey on household finance and consumption covering the entire euro area (HFCS – Household Finance and Consumption Survey) , the first wave of which was conducted in EU member states in 2010 and 2011. The first wave involved interviews with over 62 000 households across fifteen countries, and the survey results were made available from 2013. The second wave already covered twenty countries, including Hungary, involving interviews with 84 000 households, conducted in most countries in 2014. The third wave of the survey is currently underway, as part of which fieldwork was carried out in member states in 2017. This overview aims to explain the contents and possible uses of the HFCS, position the Hungarian survey in the international field, and report on survey results.

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