Working Papers of Eesti Pank 7/2020 There is abundant evidence on the gender wage gaps across countries, but much less is known about the gender differences in personal wealth. This paper provides comparative estimates of the gender wealth gaps for 21 European countries, employing data from the... more
LIINA KULU, MADIS LAAS, JAANIKA MERIKÜLL, KASPAR OJA,  MARTTI RANDVEER, INDREK SAAPAR Abstract In August 2019 the Estonian government confirmed the principles for the reform of the second pension pillar. The planned reforms are intended to make joining and leaving the second pillar... more
Working Papers of Eesti Pank 5/2019 This paper uses administrative data from registers and survey data from interviews to analyse unit and item non-response in a wealth survey. It draws on the Estonian Household Finance and Consumption Survey dataset, where the survey data on income... more
Occasional Papers of Eesti Pank 1/2019 This report covers the results of the Estonian Household Finance and Consumption Survey (HFCS) from 2017. The estimated values of the assets, liabilities and net wealth of Estonian households in 2017 are compared to the values in 2013 and to the... more
Working Papers of Eesti Pank 4/2019 This paper studies the gender gap in net wealth. We use administrative data on wealth that are linked to the Estonian Household Finance and Consumption Survey, which provides individual-level wealth data for all household types. We find that the unconditional... more
Working Papers of Eesti Pank 10/2018 We investigate how adopting the euro affects exports using firm-level data from Slovakia and Estonia. In contrast to previous studies, we focus on countries that adopted the euro individually and had different exchange rate regimes prior to doing so... more
Working Papers of Eesti Pank 4/2017 This paper analyses the financial fragility of the Estonian household sector using microdata from the Household Finance and Consumption Survey (HFCS). We use a stress-testing framework where the probability of default is evaluated on the basis of the... more
This paper analyses how the statutory minimum wage has affected the wage distribution in Estonia, a country with virtually little collective bargaining and relatively large wage inequality. The computations follow Lee (1999) but the effects of the minimum wage are identified by the... more
Working Papers of Eesti Pank 3/2016 Urška Čede, Bogdan Chiriacescu, Péter Harasztosi, Tibor Lalinsky, Jaanika Meriküll. Export characteristics and output volatility: comparative firm-level evidence for CEE countries The literature shows that openness to trade improves... more
Occasional Paper Series 1/2016 This paper presents the results of the Estonian Household Finance and Consumption Survey (HFCS) that was carried out in 2013. The HFCS is the first comprehensive survey on household assets, liabilities, consumption and financial fragility in Estonia... more
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