The housing wealth of Italian households: a comparison of administrative and survey data

Andrea Neri and Maria Teresa Monteduro ()
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Maria Teresa Monteduro: Italian Ministry of Economy and finance

No 146, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: We study the distribution of housing wealth in Italy using data from a sample survey (the survey on household income and wealth) and from administrative records regarding real estate owners held by the Italian Department of the Treasury. Our results show that owners with either a low or a high number of properties are under-represented in the survey. After adjusting survey data using the information from the administrative records, average housing wealth increases by some 25 per cent (in relation to the survey results). We find no clear evidence of a bias in the estimate of the level of inequality nor in the association between housing wealth and socio-demographic characteristics.

Keywords: housing wealth; wealth distribution; measurement errors (search for similar items in EconPapers)
JEL-codes: C14 C83 D31 (search for similar items in EconPapers)
Date: 2013-01
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Citations: View citations in EconPapers (2)

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