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Can Survey Participation Alter Household Saving Behavior?

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  • Winter, Joachim
  • Crossley, Thomas
  • de Bresser, Jochem
  • Delaney, Liam

Abstract

Much empirical research in economics is based on data from household surveys. Panel surveys are particularly valuable for understanding dynamics and heterogeneity. A possible concern with panel surveys is that survey participation itself may alter subsequent behavior. We provide novel evidence of survey effects on household financial behavior in a developed country. We exploit randomized assignment to survey modules within the LISS-panel, an internet panel survey which is representative of the Dutch population. Our saving measure is based on linked administrative wealth data, allowing us to distinguish changes in saving behavior from changes in reporting behavior. We find that households that respond to detailed questions on expenditures and needs in retirement reduced their non-housing saving rate by 3 percentage points. The size of the effect is increasing in the education level of the household. One interpretation is that the survey acted as a salience shock.

Suggested Citation

  • Winter, Joachim & Crossley, Thomas & de Bresser, Jochem & Delaney, Liam, 2014. "Can Survey Participation Alter Household Saving Behavior?," Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100379, Verein für Socialpolitik / German Economic Association.
  • Handle: RePEc:zbw:vfsc14:100379
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    References listed on IDEAS

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    1. repec:eee:labeco:v:45:y:2017:i:c:p:158-168 is not listed on IDEAS
    2. Bert Van Landeghem & Anneleen Vandeplas, 2016. "Lower in rank, but happier: the complex relationship between status and happiness," LICOS Discussion Papers 38516, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
    3. Landeghem, Bert Van & Cörvers, Frank & Grip, Andries de, 2017. "Is there a rationale to contact the unemployed right from the start? Evidence from a natural field experiment," Labour Economics, Elsevier, vol. 45(C), pages 158-168.

    More about this item

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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