From Tiny Samples Do Mighty Populations Grow? Using the British Household Panel Survey to Analyse the Household Sector Balance Sheet

37 Pages Posted: 21 Feb 2005

See all articles by Victoria Redwood

Victoria Redwood

Bank of England

Merxe Tudela

Bank of England - Market Infrastructure Division

Date Written: November 2004

Abstract

This paper evaluates the reliability of specific variables in the British Household Panel Survey (BHPS) by comparing grossed-up variables from the BHPS with their corresponding national aggregates. The paper focuses on those variables that provide the most information on risks to financial stability stemming from households, particularly household balance sheet variables relating to debt and assets, and income. The results indicate that housing wealth and income derived from the BHPS are broadly consistent with the aggregate measures. But unsecured debt and financial wealth are substantially under-recorded in the BHPS relative to the aggregate benchmark.

Keywords: BHPS, grossing up

JEL Classification: C8, D14

Suggested Citation

Redwood, Victoria and Tudela, Merxe, From Tiny Samples Do Mighty Populations Grow? Using the British Household Panel Survey to Analyse the Household Sector Balance Sheet (November 2004). Available at SSRN: https://ssrn.com/abstract=670159 or http://dx.doi.org/10.2139/ssrn.670159

Victoria Redwood

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Merxe Tudela (Contact Author)

Bank of England - Market Infrastructure Division ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom
+44 (0)207 601 3840 (Phone)

HOME PAGE: www.bankofengland.co.uk

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
88
Abstract Views
2,367
rank
409,909
PlumX Metrics