Financial Wealth in Italy’s Financial Accounts and Survey of Household Income and Wealth

37 Pages Posted: 31 Jul 2012

See all articles by Riccardo Bonci

Riccardo Bonci

European Central Bank (ECB); Bank of Italy

Grazia Marchese

Bank of Italy

Andrea Neri

Bank of Italy

Date Written: December 1, 2005

Abstract

The Survey on Household Income and Wealth and the Italian Financial Accounts, provide information on the wealth of Italian households which are independent and, for the time being, not directly comparable. In this paper we perform a detailed comparison of the estimates of the households’ various financial assets and liabilities coming from the two sources, identifying the causes responsible for the observed discrepancies. In general, the outstanding amounts reported in the Financial Accounts are significantly larger than those arising from the Survey. The discrepancies are mainly caused by under-reporting on the survey results, the bias from non-response seems less important.

Suggested Citation

Bonci, Riccardo and Marchese, Grazia and Neri, Andrea, Financial Wealth in Italy’s Financial Accounts and Survey of Household Income and Wealth (December 1, 2005). Available at SSRN: https://ssrn.com/abstract=2120475 or http://dx.doi.org/10.2139/ssrn.2120475

Riccardo Bonci (Contact Author)

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Grazia Marchese

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Andrea Neri

Bank of Italy ( email )

Via Nazionale 91
00184 Roma
Italy

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