Misreporting in household income and expenditure: Evidence from the Chinese Household Income Project

Feng Li and Xintao Wang

Economics Letters, 2024, vol. 237, issue C

Abstract: This study provides new evidence on misreporting in household income and expenditure using recall and diary data from the 2013 Chinese Household Income Project. Using more accurate diary records as benchmarks, we observe substantial and systematic misreporting in income and expenditure from recall data. Two main patterns of misreporting are identified: mean reversion and correlation with subjective well-being (i.e., happier respondents tend to overreport).

Keywords: Misreporting; Income; Expenditure; Mean version; Subjective well-being (search for similar items in EconPapers)
JEL-codes: C81 D31 O15 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:237:y:2024:i:c:s0165176524001095

DOI: 10.1016/j.econlet.2024.111626

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