20 Appendix Table A.1: OLS estimations predicting IHS-transformed household gross wealth Independent Variables AT BE DE ES FR IT LU PL PT Inheritance by asset types Household main residence 0.134*** 0.084*** 0.127*** 0.044*** 0.058*** 0.057*** 0.092*** 0.042*** 0.093*** - (IHS) (0.006) (0.020) (0.009) (0.008) (0.009) (0.007) (0.014) (0.013) (0.014) Money - (IHS) 0.043*** 0.056*** 0.072*** 0.054*** 0.039*** 0.028** 0.063*** 0.070*** 0.038*** (0.011) (0.009) (0.012) (0.014) (0.004) (0.014) (0.011) (0.017) (0.014) Dwellings excl. HH main res. 0.078*** 0.069*** 0.078*** 0.054*** 0.052*** 0.077*** 0.048*** 0.059*** 0.058*** - (IHS) (0.011) (0.012) (0.014) (0.007) (0.004) (0.005) (0.013) (0.012) (0.010) Land - (IHS) 0.089*** 0.002 0.097*** 0.047*** 0.069*** 0.050*** 0.005 0.083*** 0.060*** (0.019) (0.023) (0.024) (0.007) (0.009) (0.009) (0.057) (0.014) (0.014) Business - (IHS) 0.050** 0.021 0.109*** 0.069*** 0.086*** 0.034 0.033 0.143*** 0.116*** (0.019) (0.032) (0.026) (0.010) (0.018) (0.031) (0.028) (0.022) (0.033) Other assets - (IHS) 0.054*** 0.065*** 0.086*** 0.056*** 0.065*** 0.068*** 0.051*** -0.000 0.059*** (0.015) (0.014) (0.022) (0.009) (0.004) (0.025) (0.014) (0.076) (0.015) Expectation of substantial 0.272** 0.415*** 0.468*** 0.481*** 0.401*** 0.119 -0.108 0.579*** gift or inheritance (0.117) (0.124) (0.154) (0.045) (0.089) (0.153) (0.189) (0.102) Gross income - (IHS) 1.606*** 0.939*** 0.459*** 0.341*** 0.364*** 0.359*** 0.912*** 0.661*** 0.610*** (0.126) (0.147) (0.116) (0.058) (0.044) (0.036) (0.184) (0.109) (0.109) Household age 0.066*** 0.089*** 0.099*** 0.074*** 0.066*** 0.148*** -0.007 0.172*** 0.099*** (average of adults) (0.019) (0.031) (0.029) (0.019) (0.009) (0.022) (0.033) (0.027) (0.028) Household age2 -0.000* -0.001* -0.001** -0.001*** -0.000*** -0.001*** 0.000 -0.001*** -0.001*** (0.000) (0.000) (0.000) (0.000) (0.000) (0.000) (0.000) (0.000) (0.000) Household education 0.146*** 0.159*** 0.325*** 0.075*** 0.120*** 0.167*** 0.077*** 0.238*** 0.152*** (average of years of adults) (0.023) (0.024) (0.028) (0.010) (0.007) (0.011) (0.025) (0.023) (0.015) Number of adults 0.255*** 0.472*** 0.643*** 0.022 0.395*** 0.265*** 0.372*** 0.326*** -0.058 (0.075) (0.099) (0.111) (0.061) (0.062) (0.051) (0.101) (0.065) (0.076) Number of children -0.002 0.003 -0.003 -0.083 0.053** 0.043 0.077 -0.019 -0.143* (0.060) (0.145) (0.069) (0.063) (0.024) (0.051) (0.067) (0.075) (0.085) Reference person: single -0.380** -0.404** -0.425** -0.882*** -0.589*** -0.205* -0.295 -0.876*** -1.335*** (0.164) (0.192) (0.185) (0.142) (0.068) (0.115) (0.195) (0.189) (0.189) Reference person: widowed -0.226 0.329 -0.378 -0.342*** -0.068 -0.404*** 0.326 -0.040 -0.229 (0.180) (0.218) (0.265) (0.131) (0.091) (0.124) (0.306) (0.187) (0.201) Reference person: divorced -0.464*** -0.837*** -1.338*** -0.833*** -0.648*** -0.737*** -0.366 -1.037*** -1.071*** (0.148) (0.230) (0.233) (0.160) (0.091) (0.140) (0.243) (0.202) (0.200) Constant -11.43*** -4.374*** -2.412** 5.822*** 3.205*** 0.570 0.110 -4.264*** 1.184 (1.256) (1.687) (1.226) (0.760) (0.454) (0.662) (1.822) (1.247) (1.124) R2+) 0.401 0.386 0.407 0.360 0.499 0.262 0.349 0.261 0.237 Observations 2,945 2,177 4,370 6,098 11,219 8,143 1,597 3,267 5,763 Standard errors in parentheses *** p<0.01, ** p<0.05, * p<0.1 +) R2 using Fisher's z over imputed data Source: HFCS 2014 - UDB 2.0, own calculations.