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The Discrepancy Between the Household Saving Rates in Micro and Macro Statistics: An Adjustment Method

Takashi Unayama () and Yasutaka Yoneta
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Yasutaka Yoneta: Ph.D. candidate, Hitotsubashi University; Visiting Scholar, Policy Research Institute, Ministry of Finance

Public Policy Review, 2018, vol. 14, issue 4, 765-776

Abstract: The household saving rates in the “System of National Accounts (SNA)” and the “Family Income and Expenditure Survey (FIES)”, which were at the nearly same level in 1980, has deviated significantly after that. In 2015, the difference range was 25.9%. In this paper, we have identified the reasons for the discrepancies between the two statistics. The average difference over the period from 1994 to 2015 is 21.3 percentage point, and 93.2% of them can be explained with the identified factors: (1) differences in coverages of each survey; (2) differences in the concept of income and consumption; and (3) non-sampling errors in the FIES. While it has been known that these factors can explain most of the differences, our results confirm that the discussions are still valid with the 2008 SNA, which was newly introduced in Japan.

Keywords: household saving; Family Income and Expenditure Survey; System of National Accounts (search for similar items in EconPapers)
JEL-codes: D14 E21 P51 (search for similar items in EconPapers)
Date: 2018
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