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Pirmin Fessler

  • Senior Economist, Austrian Central Bank

Pirmin Fessler is senior economist at the Austrian central bank. He studied economics at the University of Vienna. His current research focuses on wealth inequality, intergenerational transfers, private household’s portfolio choice and household financial vulnerability. He is a member of the European Central Bank’s Household Finance and Consumption Network and Advisory Board Member of the Luxembourg Income Study.

By this expert

Housing and the American Dream: Is A House Still a Home?

Article By Pirmin Fessler and Martin Schürz | Feb 23, 2021

Single-family home-ownership—elusive for many today—is an aspiration we ought to abandon

The Wealth Effects of Bailouts: A Quantitative Assessment

Article By Pirmin Fessler and Martin Schürz | May 9, 2020

Once again, income earned by the many is used to save the wealth of the few.

Analysing Wealth Inequality: A Conceptual Reflection

Article By Pirmin Fessler and Martin Schürz | Apr 24, 2018

As early as 1900, German sociologist Georg Simmel identified a central feature of wealth in his seminal work The Philosophy of Money. Simmel writes about the superadditum of wealth for the rich, namely that a great fortune is encircled by innumerable possibilities of use, as though by an astral body.

Analysing Wealth Inequality: A Conceptual Reflection

Paper Commentary | By Pirmin Fessler and Martin Schürz | Apr 2018

As early as 1900, German sociologist Georg Simmel identified a central feature of wealth in his seminal work The Philosophy of Money. Simmel writes about the superadditum of wealth for the rich, namely that a great fortune is encircled by innumerable possibilities of use, as though by an astral body.