The Spanish Survey of Household Finances (EFF): Description and Methods of the 2011 Wave

34 Pages Posted: 25 Oct 2014

See all articles by Olympia Bover

Olympia Bover

Banco de España - Research Department; Centre for Economic Policy Research (CEPR)

Enrique Coronado

Banco de España

Pilar Velilla

Banco de España - Research Department

Date Written: October 24, 2014

Abstract

This paper describes the methods of the fourth wave of the Spanish Survey of Household Finances (EFF2011), paying special attention to the innovations relative to the previous waves. The EFF2011 was designed to give continuity to the information on household finances collected through the EFF2002, EFF2005 and EFF2008. A desirable characteristic present in all four waves is the oversampling of wealthy households. This is achieved on the basis of the wealth tax through a blind system of collaboration between the National Statistics Institute and the Tax Office which preserves stringent tax confidentiality. An additional important characteristic of the EFF is that the second, third, and fourth waves have a panel component. Further, a refreshment sample by wealth stratum has been incorporated in those waves to preserve cross-sectional representativity and overall sample size. The EFF is the only statistical source in Spain that allows the linking of incomes, assets, debts, and consumption at the household level. There are now four editions of the EFF, which means that these statistics capture the financial situation of households over a long period, including an expansion and a recession. Moreover, the financial situation of Spanish households can now be compared with that of households in other European countries thanks to the recent availability of similar surveys in the rest of the EU.

Keywords: wealth survey, oversampling of the rich, panel, refreshment sample, imputation

JEL Classification: C81, D03

Suggested Citation

Bover, Olympia and Coronado, Enrique and Velilla, Pilar, The Spanish Survey of Household Finances (EFF): Description and Methods of the 2011 Wave (October 24, 2014). Banco de Espana Occasional Paper No. 1407, Available at SSRN: https://ssrn.com/abstract=2514206 or http://dx.doi.org/10.2139/ssrn.2514206

Olympia Bover (Contact Author)

Banco de España - Research Department ( email )

Alcala 50
28014 Madrid
Spain
+34 91 338 5979 (Phone)
+34 91 338 5678 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Enrique Coronado

Banco de España ( email )

Alcalá 522
Madrid, 28027
Spain

Pilar Velilla

Banco de España - Research Department ( email )

Alcala 50
28014 Madrid
Spain
+34 91 338 5076 (Phone)
+34 91 338 5678 (Fax)

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