Income and wealth sample estimates consistent with macro aggregates: some experiments
Giovanni D'Alessio () and
Andrea Neri ()
No 272, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area
The Bank of Italyï¿½s Survey of Household Income and Wealth (SHIW) is widely used to study the economic behavior of Italian households. Like most similar surveys, the SHIW is biased downward in its estimates by the lesser propensity of wealthy families to participate and by the tendency to underreport income and wealth. This work assesses the various techniques for correct the bias, applying them to the period 1995-2012. Calibration techniques, which produce estimates consistent with the macro-economic information available from other sources, are also employed.
Keywords: income; wealth; household; calibration (search for similar items in EconPapers)
JEL-codes: D10 D31 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_272_15
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