Assembling a Real-Financial Micro-Dataset for Canadian Households
AbstractThe lack of consolidated Canadian micro data on household balance sheets and expenditures has been an important impediment to empirical research into real-financial linkages in the Canadian household sector. Our paper attempts to fill this data gap by merging household balance sheet data from the Canadian Financial Monitor survey with household expenditure data from the Survey of Household Spending. The merge process uses a categorical matching framework aimed at preserving the heterogeneity in the underlying datasets. The resulting combined dataset is a novel source of Canadian micro data on household finances and spending patterns. The dataset covers the period 1999 till 2005 and contains roughly 11,000 observations (households) for each year. We plan to use these combined data to test key real-financial linkages (like those between house prices, debt and household expenditures) for the Canadian household sector.
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Bibliographic InfoPaper provided by Bank of Canada in its series Working Papers with number 10-6.
Length: 27 pages
Date of creation: 2010
Date of revision:
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Sectoral balance sheet;
Find related papers by JEL classification:
- D10 - Microeconomics - - Household Behavior - - - General
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
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