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Combining survey and administrative data to estimate the distribution of household deposits

Author

Listed:
  • Andrea Neri

    (Bank of Italy)

  • Matteo Spuri

    (Bank of Italy)

  • Francesco Vercelli

    (Bank of Italy)

Abstract

Several studies have combined survey data with macroeconomic aggregates from the national accounts to produce more reliable and timely statistics on the distribution of household income and wealth. This paper builds on the methodology developed by the ECB Expert Group on Distributional Financial Accounts, and proposes a novel approach for Italy to align survey-based estimates for total deposits with the corresponding macroeconomic figures, by using administrative records that are linked to the Survey on Household Income and Wealth and the aggregate information stemming from supervisory reporting data. The proposed method results in a slight decrease in the inequality of deposit distribution compared with survey data, and generally ensures a closer match with the aggregates from supervisory reporting data compared with the ESCB’s approach.

Suggested Citation

  • Andrea Neri & Matteo Spuri & Francesco Vercelli, 2023. "Combining survey and administrative data to estimate the distribution of household deposits," Questioni di Economia e Finanza (Occasional Papers) 802, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_802_23
    as

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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2023-0802/QEF_802_23.pdf
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    References listed on IDEAS

    as
    1. Cragg, John G, 1971. "Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods," Econometrica, Econometric Society, vol. 39(5), pages 829-844, September.
    2. M. Giovanna Ranalli & Andrea Neri, 2011. "To misreport or not to report?, The case of the Italian survey on household income and wealth," Statistics in Transition new series, Główny Urząd Statystyczny (Polska), vol. 12(2), pages 281-300, October.
    3. Engel, Janina & Riera, Pau Gayà & Grilli, Joseph & Sola, Pierre, 2022. "Developing reconciled quarterly distributional national wealth – insight into inequality and wealth structures," Working Paper Series 2687, European Central Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    micro-macro linkage; deposits distribution; wealth distribution;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth

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