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 2/2019  We use firm-level survey data from 25 EU countries to analyse how firms adjust their labour costs (employment, wages and hours) in response to shocks. We develop a theoretical model to understand how firms choose between different ways to adjust their... more
Working Papers of Eesti Pank 3/2018 ​This paper studies nominal wage rigidity in a large group of EU countries, using survey data. We analyse two forms of nominal wage rigidity: downward nominal wage rigidity (DNWR) and the lagged response of wages to shocks. The frequency of wage... more
Occasional Paper Series 1/2017 Against the backdrop of continuing adjustment in EU labour markets in response to the Great Recession and the sovereign debt crisis, the European System of Central Banks (ESCB) conducted the third wave of the Wage Dynamics Network (WDN) survey in 2014–15... 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
Tairi Rõõm Economist at Eesti Pank
  • The median level of net wealth of households in the euro area declined by approximately one tenth between 2010 and 2014; the inequality of the net wealth distribution increased moderately in the same period
  • The household... more
Occasional Paper Series 3/2016 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... more
Working Papers of Eesti Pank 7/2014 Published in Journal of Common Market Studies, 2015 and published in ECB Working paper series, No 1732/September 2014 This paper studies euro changeover-related inflation using disaggregated price level data. The difference-in-differences approach... more
Working Papers of Eesti Pank 6/2014 Estonia changed over from the kroon to the euro in January 2011. This paper analyses the inflationary effect of this event. The analysis is based on the Harmonised Indices of Consumer Prices. The difference-in-differences method is employed where the treated... more
Working Papers of Eesti Pank 1/2014 Published in ECB Working paper series, No 1704/August 2014 This paper analyses differences in employment volatility in foreign-owned and domestic companies using firm-level data from 24 European countries. The presence of foreign-owned companies may lead to... more
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