The Survey of Financial Competences (ECF): Description and Methods of the 2016 Wave

30 Pages Posted: 31 May 2019

See all articles by Olympia Bover

Olympia Bover

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

Laura Hospido

Banco de España - Research Department

Ernesto Villanueva

Banco de España - Research Department

Date Written: May 31, 2019

Abstract

The Survey of Financial Competences (ECF) is a joint initiative of the Banco de España and the Comisión Nacional del Mercado de Valores (CNMV) aimed at measuring the financial competences of the adult population in Spain. Between 2016 and 2017, information has been collected for a large sample provided by the National Statistical Institute of randomly selected individuals, and representative of the whole Spanish population between 18 and 79 years of age and of each of its regions. This paper provides a detailed description of the most relevant methodological aspects in the design and implementation of the survey: the sample design, the questionnaire, the data collection process, the validation of the data, the computation of weights, and the imputation procedure.

Keywords: financial competences, personal finance, household finance, data collection, imputation, weights

JEL Classification: C81, D14

Suggested Citation

Bover, Olympia and Hospido, Laura and Villanueva, Ernesto, The Survey of Financial Competences (ECF): Description and Methods of the 2016 Wave (May 31, 2019). Banco de Espana Occasional Paper No. 1909 (2019), Available at SSRN: https://ssrn.com/abstract=3396964 or http://dx.doi.org/10.2139/ssrn.3396964

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

Laura Hospido

Banco de España - Research Department ( email )

Alcala 48
Madrid, 28014
Spain
+34 913385625 (Phone)
+34 913385678 (Fax)

HOME PAGE: http://www.laurahospido.com/

Ernesto Villanueva

Banco de España - Research Department ( email )

Alcala 50
28014 Madrid
Spain

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