Andrea Neri

Andrea Neri
Banca d'Italia · Sample survey division

PhD

About

52
Publications
9,076
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617
Citations
Citations since 2017
24 Research Items
168 Citations
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20172018201920202021202220230102030

Publications

Publications (52)
Article
Full-text available
We study the role played by household expectations on own economic prospects and sentiments on general economic conditions in shaping their actual and planned consumption behavior. Using data from the Special Survey of Italian Households collected by the Banca d’Italia, we implement a latent class analysis to cluster households into homogeneous gro...
Article
Full-text available
Sample surveys may suffer from nonignorable unit nonresponse. This happens when the decision of whether or not to participate in the survey is correlated with variables of interest; in such a case, nonresponse produces biased estimates for parameters related to those variables, even after adjustments that account for auxiliary information. This pap...
Preprint
Full-text available
Sample surveys may suffer from nonignorable unit nonresponse. This happens when the decision of whether or not to participate in the survey is correlated with variables of interest; in such a case, nonresponse produces biased estimates for parameters related to those variables, even after adjustments that account for auxiliary information. This pap...
Article
Full-text available
Response burden has long been a concern for data producers. In this article, we investigate the relationship between some measures of actual and perceived burden and we provide empirical evidence of their association with data quality. We draw on two business surveys conducted by Banca d’Italia since 1970, which provide a very rich and unique sourc...
Article
Full-text available
Household finance surveys, which collect detailed information on household income and wealth, are increasingly used for policy-making. They should provide an accurate picture of the economic situation of all households. Unfortunately, the upper parts of the wealth distribution are often missing in household surveys. Since rich households concentrat...
Article
The paper analyses the results of the Survey on the Financial Literacy of Italian Adults, conducted by the Bank of Italy in early 2020. In line with the OECD’s methodology, the financial literacy indicator is the sum of the scores calculated for three factors: knowledge, behaviour and attitudes. The survey confirms that Italy lags behind by interna...
Preprint
Full-text available
The financial and economic crisis recently experienced by many European countries has increased demand for timely, coherent and consistent distributional information for the household sector. In the Euro area, most of the NCBs collect such information through income and wealth surveys, which are often used to inform their decisions. These surveys,...
Research
Full-text available
The paper analyses the results of the survey on the financial literacy of Italian adults, conducted by the Bank of Italy in January and February. This is part of an OECD project, which has created a harmonized questionnaire used by 26 countries. The Italian sample comprises 2,000 adults. In line with the OECD's methodology, the financial literacy i...
Article
Full-text available
The paper analyses the results of the Survey on the Financial Literacy of Italian Adults, conducted by the Bank of Italy in early 2020. In line with the OECD’s methodology, the financial literacy indicator is the sum of the scores calculated for three factors: knowledge, behaviour and attitudes. The survey confirms that Italy lags behind by interna...
Research
Full-text available
The Expert Group on Linking Macro and Micro Data for the household sector (EG-LMM) was established in December 2015 within the European System of Central Banks (ESCB) with the aim of comparing and bridging macro data (i.e. National Accounts/Financial Accounts) and micro data (i.e. the Household Finance and Consumption Survey) on wealth. Furthermore...
Technical Report
Full-text available
Tra aprile e maggio 2020 la Banca d'Italia ha condotto un'Indagine Straordinaria sulle Famiglie italiane (ISF) per raccogliere informazioni sulla situazione economica e sulle aspettative delle famiglie durante la crisi legata alla pandemia di Covid-19. Oltre la metà della popolazione dichiara di aver subito una contrazione nel reddito familiare, in...
Research
Full-text available
Il lavoro descrive i risultati della prima indagine campionaria sulle famiglie Italiane condotta congiuntamente da Istat e Banca d'Italia, per rilevare informazioni su reddito e ricchezza tramite la tecnica WEB.
Article
Full-text available
In this paper we analyze the dynamics of response burden in the main business surveys conducted by Banca d'Italia and we investigate its relationship with some data quality indicators. We find evidence of a significant increase in actual burden over time which has contributed to amplifying the perceived burden. Our results also show a clear link be...
Technical Report
Full-text available
The paper studies the results of an experimental web survey on households, carried out in collaboration with the Italian national statistical institute (ISTAT), with the aim of identifying the advantages and disadvantages of using the Internet as a tool for surveying households' income and wealth. The quality of the information collected is assesse...
Chapter
Full-text available
Banca d’Italia has recently conducted a survey to investigate financial literacy and inclusion among Italian adults. The survey is part of an OECD project to create an internationally comparable dataset on this important topic. The questionnaire used has been developed by the International Network for Financial Education (OECD - INFE). The sample c...
Article
Full-text available
We estimate the consumption response of Italian households to the “€80 tax bonus” introduced in 2014, using the panel component on the Survey of Household Income and Wealth. We find that households that received the tax rebate increased their monthly consumption of food and means of transportation by about €20 and €30, respectively, about 50-60 per...
Conference Paper
Full-text available
We estimate the consumption responses of Italian households to the income tax credit introduced in 2014, using the panel component of the Survey of Household Income and Wealth. We find that households that received the bonus increased their food and durable consumption by about 20 and 30 euros, respectively; these results are consistent with an agg...
Article
Full-text available
The availability of microdata on both income and expenditure is highly recommended if one wants to assess the distributional consequences of policy changes. In Italy, the main sources used for estimating household income and expenditure are the Bank of Italy's Survey on Household Income and Wealth and the Italian National Institute of Statistics Ho...
Article
Full-text available
The Bank of Italy’s Survey of Household Income and Wealth (SHIW) is widely used to study the economic behavior of Italian households. Like most similar surveys, the SHIW is biased downward in its estimates by the lesser propensity of wealthy families to participate and by the tendency to underreport income and wealth. This work assesses the various...
Research
Full-text available
Accurate measures of tangible and financial assets and liabilities of the household sector are crucial for policy analysis. The main source of such information on the aggregate household sector’s balance sheets is time series data from the Canadian System of National Accounts (CSNA) for Canada, the Bank of Italy Financial Accounts (BIFA) for Italy,...
Article
Full-text available
Sample surveys providing high quality information on both total household expenditure (consumption) and income are not commonly available. Nevertheless, surveys focusing on income usually do collect some information on expenditure data. A main drawback of this practice is that it could let some researchers think that both sets of information have s...
Article
Full-text available
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 surve...
Chapter
Full-text available
A rise in female labour-market participation and a decline in birth rates have been observed in most European countries. Nevertheless, in the past decade, several countries, notably France, Spain and Germany, have experienced a joint increase in female participation and fertility, mainly because of national policies aimed at balancing work and fami...
Article
The objective of the paper is to adjust for the bias due to unit non-response and measurement error in survey estimates of total household financial wealth. Sample surveys are a useful source of information on household wealth. Yet, survey estimates are affected by non-sampling errors. In particular, in the case of household wealth, unit non-respon...
Article
Full-text available
The Italian households' financial assets are evaluated mainly through the Financial Accounts (quarterly revised and updated) and by the Survey on Household Income and Wealth (SHIW), carried out every two years. The Bank of Italy is responsible for both sources. The sample estimates are uniformly below those of the Financial Accounts, even after har...
Article
This paper analyses respondents' behaviour when reporting their income sources in sample surveys and presents a method to deal with response error. Survey data relating to the number of earning recipients and to amounts received are validated using external information from administrative and statistical sources. Our findings suggest that the respo...
Article
Full-text available
In the economic literature on mobility measurement issues are generally disregarded. The aim of the paper is to assess their impact on the analysis of Italian households' mobility across the wealth distribution in the 1989-2004 period. The paper shows that response (or measurement) errors and transitory shocks may account up to 30-50 per cent of th...
Article
Full-text available
This paper is aimed at evaluating the incidence of measurement error in the Bank of Italy's Survey of Household Income and Wealth (SHIW). In the case of time-invariant variables, we assess the degree of inconsistency of answers given by panel households in subsequent survey waves. For quantities that vary with time, we estimate the incidence of mea...
Article
Compared with other European countries, the Italian labour market stands out for the low level of both female participation and fertility. In this paper we focus on the employment patterns of Italian mothers around the time of childbirth. Our hypothesis is that the difficulties involved in reconciling work and family when there are children are amo...
Article
Full-text available
Official estimates of households' real assets are not available in Italy. Earlier research that reconstructed this component of wealth overlooked the components related to the activities of producer households. This paper presents a method for obtaining a valuation of the components of the real assets related to households business activities. Usin...
Conference Paper
Full-text available
Wealth is an essential indicator of households' material well-being: assessing its amount, trend and distribution is useful to understand our society and the way it evolves. Availability of data on wealth allows the central bank to understand better the interaction between households' behaviour, financial markets and the main macroeconomic variable...
Article
Full-text available
Le principali fonti per la stima della ricchezza finanziaria delle famiglie italiane provengono dalla Banca d’Italia e sono costituite dai Conti Finanziari, pubblicati con cadenza trimestrale, e dall’Indagine sui bilanci delle famiglie (IBF), realizzata ogni due anni. Le stime delle attività finanziarie di natura campionaria hanno il pregio di pote...
Article
The sample estimates are uniformly below those of the Financial Accounts, even after harmonising all the definitions and the evaluation criteria. Such a problem can stem from the intervieweeÂ’s unwillingness to disclose the actual value of the asset (under-reporting). The paper presents a method to correct this potential source of bias in order to...
Article
The Survey on Household Income and Wealth, conducted every two years by the Bank of Italy, and the Italian Financial Accounts, published quarterly, 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 hou...
Article
Full-text available
The Survey on Household Income and Wealth, conducted every two years by the Bank of Italy, and the Italian Financial Accounts, published quarterly, 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 hou...
Article
Full-text available
The paper compares Italian and American householdsÂ’ wealth in 1998. The analysis is based on the Survey on Household Income and Wealth (Bank of Italy) and on the Survey of Consumer Finances (Federal Reserve Board). Tangible assets appear to be the main wealth component in both countries. In the United States households hold a higher share of finan...
Article
Full-text available
Il lavoro si propone di valutare gli errori di misura delle principali variabili raccolte con l’indagine sui bilanci delle famiglie italiane. Lo studio assume rilievo in primo luogo per i ricercatori che utilizzano l’indagine, che devono tenere conto della qualità dei dati che essi sottopongono ad analisi. La più approfondita conoscenza dei problem...
Article
This paper explores the potential of graphical chain models in defining marketing strategies in the consumer credit field. When ordinal variables are involved, the potential can be increased by exploiting the ordinal scale of variables. In the presented research, the effectiveness of ordinal methods is analysed in three important activities for bui...
Article
Full-text available
In most European Countries, businesses represent an important share of household wealth. In Italy, according to the 2002 Italian Survey on Household Income and Wealth, more than 10 per cent of non financial assets are represented by businesses. Moreover such an asset accounts for about one third of the non financial wealth of entrepreneurs and memb...
Article
Full-text available
In most countries, housing wealth is an important component of net worth of the household sector and house-related expenses represent a major part of household expenditures. Nevertheless, statistics on such components are not always readily available. This flaw is especially important in countries, where there is a high rate of owner-occupied housi...

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