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Household Finance and Consumption Survey

NEWS

7th Luxembourg Workshop on Household Finance and Consumption

Call for papers

The field phases of the 3rd waves of the two surveys on 'Household Finance and consumption of Luxembourg residents (LU-HFCS) and of cross-border workers in Luxembourg (XB-HFCS)' have been completed. For both surveys, the set targets of 1,600 and 1,500 completed interviews were achieved. The Central Bank of Luxembourg and the research institute LISER, which conducted the survey, thank all participants for their participation.

Now comes the long process of data processing and treatment. First results for the 3rd wave of the LU-HFCS are expected in mid-2019. The results of the household surveys are regularly published in the Bulletin and the Working Paper series of the Central Bank of Luxembourg.

The third wave of the Cross-border Luxembourg Household Finance and Consumption Survey (XB-HFCS) has started.  Letters will be sent to several thousand households, resident in the Luxembourg Greater region, to invite them to a web-based interview. The fieldwork period is expected to last until the end of November 2018. If your household receives a letter, we kindly ask you to participate in this survey.

Below are links to the documents delivered to selected households. These include an introductory letter and a leaflet, which explain the purpose of the survey and provide some of the main results from previous waves of the survey.

Results are regularly published in the BCL bulletin and BCL working papers.

  • BCL and LISER press release (FR, DE)
  • Introductory letter (FR, DE)
  • Leaflet (FR, DE)

Autors:  Gastón Giordana and Michael Ziegelmeyer

This paper uses individual household data from Luxembourg to evaluate how severe economic conditions could affect bank exposure to the household sector. Using data from a representative survey, information on household income, expenses and liquid assets are used to calculate a household-specific probability of default (PD).

The Working Paper can be found at this link.

On 21-22 June 2018, the Banque centrale du Luxembourg held a workshop on Household Finance and Consumption. This event has been organised annualy since 2013 and targets researchers and PhD students in the region who are using micro-level and survey data on individuals and households to analyse economic and financial decisions. The workshop aims to encourage study of the Household Finance and Consumption data collected by the BCL and to create opportunities for joint research projects.

The workshop welcomed over 60 participants, many from local institutions, including the Luxembourg Institute of Socio-Economic Research (LISER), the University of Luxembourg, the Luxembourg Income Study (LIS) Cross-National Data Center, Statec, Eurostat and the University of Trier, but also researchers from more distant universities (Basel, Bologna, Frankfurt, Kiel, Würzburg) and from euro area national central banks (Austria, Belgium, France, Germany and Malta).

The keynote speech was given by Professor Roman Kräussl from the University of Luxembourg, who provided insights into alternative investments in the art market. The workshop consisted of five regular sessions, with authors presenting 11 papers followed by discussants, as well as an interactive poster session.

The workshop is now established as an annual fixture for research on household finance in Luxembourg and will be repeated next year. For the detailed programme, please visit the website of the Banque centrale du Luxembourg on www.bcl.lu/en/Research/conferences/.

The third wave of the Luxembourg Household Finance and Consumption Survey (LU-HFCS) has started. Several thousand Luxembourg resident households will be contacted and asked to participate. The fieldwork period is expected to last until the end of July 2018. If your household receives a letter, we kindly ask you to participate in this survey. A high participation is essential for the quality of the results.

Below are links to the documents delivered to selected households.

These include an introductory letter and a leaflet, which explain the purpose of the survey and provide some of the main results from previous waves of the survey.

Results are regularly published in the BCL bulletin and BCL working papers.

  • BCL and LISER press release (FR, DE)
  • Introductory letter (FR, DE)
  • Leaflet (FR, DE)