The housing wealth of Italian households: a comparison of administrative and survey data
AbstractWe study the distribution of housing wealth in Italy using data from a sample survey (the survey on household income and wealth) and from administrative records regarding real estate owners held by the Italian Department of the Treasury. Our results show that owners with either a low or a high number of properties are under-represented in the survey. After adjusting survey data using the information from the administrative records, average housing wealth increases by some 25 per cent (in relation to the survey results). We find no clear evidence of a bias in the estimate of the level of inequality nor in the association between housing wealth and socio-demographic characteristics.
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Bibliographic InfoPaper provided by Bank of Italy, Economic Research and International Relations Area in its series Questioni di Economia e Finanza (Occasional Papers) with number 146.
Date of creation: Jan 2013
Date of revision:
housing wealth; wealth distribution; measurement errors;
Find related papers by JEL classification:
- C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-08 (All new papers)
- NEP-EUR-2013-02-08 (Microeconomic European Issues)
- NEP-URE-2013-02-08 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Andrea Brandolini & Giovanni D’Alessio & Luigi Cannari & Ivan Faiella, 2004.
"Household Wealth Distribution in Italy in the 1990s,"
Economics Working Paper Archive
wp_414, Levy Economics Institute, The.
- Andrea Brandolini & Luigi Cannari & Giovanni D'Alessio & Ivan Faiella, 2004. "Household Wealth Distribution in Italy in the 1990s," Temi di discussione (Economic working papers) 530, Bank of Italy, Economic Research and International Relations Area.
- Paiella, Monica, 2007.
"Does wealth affect consumption? Evidence for Italy,"
Journal of Macroeconomics,
Elsevier, vol. 29(1), pages 189-205, March.
- Monica Paiella, 2004. "Does wealth affect consumption? Evidence for Italy," Temi di discussione (Economic working papers) 510, Bank of Italy, Economic Research and International Relations Area.
- Maria Rosaria Marino & Chiara Rapallini, 2003. "La composizione familiare e lÂ’imposta sul reddito delle persone fisiche: unÂ’analisi degli effetti redistributivi e alcune considerazioni sul benessere sociale," Temi di discussione (Economic working papers) 477, Bank of Italy, Economic Research and International Relations Area.
- Charles Grant & Tuomas Peltonen, 2005. "Housing and Equity Wealth Effects of Italian Households," DNB Working Papers 043, Netherlands Central Bank, Research Department.
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