La ricchezza immobiliare delle famiglie italiane: un confronto fra dati campionari e censuari (The Housing Wealth of Italian Households: A Comparison of Administrative and Survey Data)

33 Pages Posted: 2 Feb 2013

See all articles by Andrea Neri

Andrea Neri

Bank of Italy

Maria Monteduro

Ministry of Economy and Finance (Italy) - Department of Finance

Date Written: January 30, 2013

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.

Note: Downloadable document is in Italian.

Keywords: housing wealth, wealth distribution, measurement errors

JEL Classification: C83, C14, D31

Suggested Citation

Neri, Andrea and Monteduro, Maria, La ricchezza immobiliare delle famiglie italiane: un confronto fra dati campionari e censuari (The Housing Wealth of Italian Households: A Comparison of Administrative and Survey Data) (January 30, 2013). Bank of Italy Occasional Paper No. 146. Available at SSRN: https://ssrn.com/abstract=2210432 or http://dx.doi.org/10.2139/ssrn.2210432

Andrea Neri (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
00184 Roma
Italy

Maria Monteduro

Ministry of Economy and Finance (Italy) - Department of Finance ( email )

via Pastrengo, 22
Rome, 00185
Italy

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