Inconsistency in Savings Pattern: Is there an Endogeneity Bias?

Inna Verbina

No DP2003-39, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Traditionally, the difference between income and expenditure reported in household surveys is used for estimation of savings at the household level. However, persistent deviation in consumption-income ratios by household income brackets raises questions about both the quality of data and the estimation method employed. This paper provides statistical evidence to accentuate the endogeneity bias, which is connected with the choice of welfare proxy for ranking process, in savings estimates by income groups.

Keywords: Households; Public welfare; Saving and investment (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (1)

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