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

Gianni Betti, Evren Ceritoğlu, Muserref Kucukbayrak and Ozlem Sevinc

Working Papers from Research and Monetary Policy Department, Central Bank of the Republic of Turkey

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).

Keywords: Sampling design; Oversampling; Wealth distribution (search for similar items in EconPapers)
JEL-codes: C83 D31 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-ara, nep-cba and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:tcb:wpaper:2201

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