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To misreport or not to report?, The case of the Italian survey on household income and wealth

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  • M. Giovanna Ranalli
  • Andrea Neri

Abstract

The objective of the paper is to adjust for the bias due to unit nonresponse and measurement error in survey estimates of total household financial wealth. Sample surveys are a useful source of information on household wealth. Yet, survey estimates are affected by nonsampling errors. In particular, when it comes to household wealth, unit nonresponse and measurement error can severely bias the estimates. Using the Italian Survey on Household Income and Wealth, we exploit the available auxiliary information in order to assess the magnitude of such a bias. We find evidence that for this kind of surveys, nonsampling errors are a major issue to deal with, possibly more serious than sampling errors. Moreover, in the case of SHIW the potential bias due to measurement error seems to outweigh by far that induced by nonresponse.

Suggested Citation

  • 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.
  • Handle: RePEc:csb:stintr:v:12:y:2011:i:2:p:281-300
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    File URL: http://index.stat.gov.pl/repec/files/csb/stintr/csb_stintr_v12_2011_i2_n6.pdf
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    Citations

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    Cited by:

    1. Michele Cantarella & Andrea Neri & Giovanna Ranalli, 2021. "Mind the wealth gap: a new allocation method to match micro and macro statistics on household wealth," Questioni di Economia e Finanza (Occasional Papers) 646, Bank of Italy, Economic Research and International Relations Area.
    2. 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.
    3. 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.
    4. Frost, Jon & Gambacorta, Leonardo & Gambacorta, Romina, 2022. "On the nexus between wealth inequality, financial development and financial technology," Journal of Economic Behavior & Organization, Elsevier, vol. 202(C), pages 429-451.

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