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How the time of interviews affects estimates of income and wealth

Author

Listed:
  • Giovanni D�Alessio

    (Bank of Italy)

  • Stefano Iezzi

    (Bank of Italy)

Abstract

In the Survey of Household Income and Wealth (SHIW) conducted by the Bank of Italy, the flow variables (income and consumption) refer to the year preceding the interview while the stock variables (household composition and net wealth) refer to the end of the year. However, there are some exceptions that may produce effects on the estimates but that are not usually taken into account. What is more, the time of year of the interviews may affect the composition of the sample (wealthier families may be less available in summer or during holiday periods). We quantify the possible effects of these factors on the estimates of household income and wealth and propose an adjustment method.

Suggested Citation

  • Giovanni D�Alessio & Stefano Iezzi, 2015. "How the time of interviews affects estimates of income and wealth," Questioni di Economia e Finanza (Occasional Papers) 273, Bank of Italy, Economic Research and International Relations Area.
  • Handle: RePEc:bdi:opques:qef_273_15
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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2015-0273/QEF_273.pdf?language_id=1
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    Citations

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    Cited by:

    1. Romina Gambacorta & Martina Lo Conte & Manuela Murgia & Andrea Neri & Roberta Rizzi & Francesca Zanichelli, 2018. "Mind the mode: lessons from a web survey on household finances," Questioni di Economia e Finanza (Occasional Papers) 437, Bank of Italy, Economic Research and International Relations Area.
    2. Giovanni D'Alessio & Andrea Neri, 2015. "Income and wealth sample estimates consistent with macro aggregates: some experiments," Questioni di Economia e Finanza (Occasional Papers) 272, Bank of Italy, Economic Research and International Relations Area.

    More about this item

    Keywords

    income; wealth; household; non-response;
    All these keywords.

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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