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Central Bank of the Republic of Turkey Household Finance and Consumption Survey Methodology

Author

Listed:
  • Gianni Betti
  • Evren Ceritoglu
  • Muserref Kucukbayrak
  • Ozlem Sevinc

Abstract

This article describes the methodologies used in the first wave of the Central Bank of the Republic of Turkey – Household Finance and Consumption Survey (CBRT-HFCS). Particularly, we summarize design and implementation of the CBRT-HFCS in terms of questionnaire, sampling, collection of data and fieldwork, non-response, weighting and construction of replicate weights. The CBRT-HFCS provides data on assets, liabilities, income and credit constraints of Turkish households, which is designed to be compatible with the European Central Bank – Household Finance and Consumption Survey (ECB-HFCS). This survey uniquely ensures a comparable data set for the Turkish households with 19 Euro area countries as well as Croatia, Poland and Hungary participating in the ECB-HFCS and fills a significant data gap in Turkey. The CBRT-HFCS also oversamples wealthy households based on unit house prices at the neighborhood level. Oversampling is a common approach applied in many wealth surveys, enabling to better capture balance sheet of the top tail of wealth distribution, which is new to household surveys conducted by the Turkish Statistical Institute (TURKSTAT).

Suggested Citation

  • Gianni Betti & Evren Ceritoglu & Muserref Kucukbayrak & Ozlem Sevinc, 2022. "Central Bank of the Republic of Turkey Household Finance and Consumption Survey Methodology," Working Papers 2201, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    • Handle: RePEc:tcb:wpaper:2201
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    File URL: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Publications/Research/Working+Paperss/2022/22-01
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    More about this item

    Keywords

    Sampling design; Oversampling; Wealth distribution;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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