Comparing Wealth - Data Quality of the HFCS

Anita Tiefensee and Markus Grabka

EconStor Open Access Articles and Book Chapters, 2016, vol. 10, issue 2, 119-142

Abstract: The Household Finance and Consumption Survey (HFCS) provides information about house-hold wealth (real and financial assets as well as liabilities) from 15 Euro-countries around the year 2010 (first wave). The survey will be the central dataset in this topic in the future. However, several aspects point to potential methodological constraints regarding cross-country comparability. Therefore the aim of this paper is to get a better insight in the data quality of this important data source. The framework for our analysis is the “Guidelines for Micro Statistics on Household Wealth” from the OECD (2013). We have two main focuses: First, we present a synopsis of cross-country differences, which is the core of the paper. We compare the sampling processes, the interview modes, the oversampling techniques, the unit and item non-response rates and how it is dealt with them via weighting and imputation as well as further points which might restrict cross-country comparability of net wealth. We classify the individual country behavior and evaluate the impact on net wealth. Second, we give a first insight in the selectivity of item non-response in a cross-national setting. We make use of logit models to identify differences in characteristics as well as item non-response patterns across countries. - See more at: https://ojs.ub.uni-konstanz.de/srm/article/view/6305#sthash.ZQboxFMp.dpuf

Keywords: Household Finance and Consumption Survey (HFCS); Data quality; Cross-country comparibilty; Wealth; Item non-response (search for similar items in EconPapers)
JEL-codes: C83 D31 N30 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/180908/1/T ... Comparing-Wealth.pdf (application/pdf)

Related works:
Working Paper: Comparing Wealth: Data Quality of the HFCS (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:180908

DOI: 10.18148/srm/2016.v10i2.6305

Access Statistics for this article

More articles in EconStor Open Access Articles and Book Chapters from ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().