Integrated household surveys: an assessment of U.S. methods and an innovation

Krislert Samphantharak, Scott Schuh and Robert Townsend

No 17-7, Working Papers from Federal Reserve Bank of Boston

Abstract: We present a vision for improving household financial surveys by integrating responses from questionnaires more completely with financial statements and combining them with payments data from diaries. Integrated household financial accounts?-balance sheet, income statement, and statement of cash flows?-are used to assess the degree of integration in leading U.S. household surveys, focusing on inconsistencies in measures of the change in cash. Diaries of consumer payment choice can improve dynamic integration. Using payments data, we construct a statement of liquidity flows: a detailed analysis of currency, checking accounts, prepaid cards, credit cards, and other payment instruments, consistent with conventional cash-flows measures and the other financial accounts.

Keywords: surveys; diaries; payments; financial statements; cash flows (search for similar items in EconPapers)
JEL-codes: D12 D14 E41 E42 (search for similar items in EconPapers)
Pages: 65 pages
Date: 2017-05-22
New Economics Papers: this item is included in nep-acc, nep-mac and nep-pay
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Related works:
Journal Article: INTEGRATED HOUSEHOLD SURVEYS: AN ASSESSMENT OF U.S. METHODS AND AN INNOVATION (2018)
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