Judging the Quality of Survey Data by Comparison with 'Truth' as Measured by Administrative Records: Evidence from Sweden

Koijen, Ralph S. J.; Nieuwerburgh, Stijn Van; Vestman, Roine

doi:10.2139/ssrn.2006423

Cited by 45 publications

(101 citation statements)

References 25 publications

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“…Browning and LethPetersen [2003]) and in particular on Koijen et al [2014] who constructed a similar measure in Sweden for years 2003 to 2007 using a smaller subset of individuals, and confirmed its consistency with HUT data. Our approach extends these previous attempts and is closely related to Eika et al [2017] in exploiting additional information on asset portfolio choices and returns to reduce measurement error and excess dispersion of consumption measures based solely on first-differencing asset stocks.…”

Section: C1 Registry-based Measures Of Consumptionmentioning

confidence: 72%

“…Our approach builds on previous attempts to measure consumption from registry-data (e.g. Koijen et al [2014], Browning and Leth-Petersen [2003]) and is closely related to Eika et al [2017] in exploiting additional information on asset portfolio choices and returns to reduce measurement error and excess dispersion of consumption measures based solely on first-differencing asset stocks. All details regarding the construction of the registry-based 27 Involuntary job loss is defined as a layoff or a quit following a "valid reason".…”

Section: Etc) 28mentioning

confidence: 99%

See 1 more Smart Citation

The Optimal Timing of Unemployment Benefits: Theory and Evidence from Sweden

Kolsrud

Landais

Nilsson³

et al. 2018

American Economic Review

138

130

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This paper provides a simple, yet robust framework to evaluate the time profile of benefits paid during an unemployment spell. We derive sufficient-statistics formulae capturing the marginal insurance value and incentive costs of unemployment benefits paid at different times during a spell. Our approach allows us to revisit separate arguments for inclining or declining profiles put forward in the theoretical literature and to identify welfare-improving changes in the benefit profile that account for all relevant arguments jointly. For the empirical implementation, we use administrative data on unemployment, linked to data on consumption, income and wealth in Sweden. First, we exploit duration-dependent kinks in the replacement rate and find that, if anything, the moral hazard cost of benefits is larger when paid earlier in the spell. Second, we find that the drop in consumption affecting the insurance value of benefits is large from the start of the spell, but further increases throughout the spell. In trading off insurance and incentives, our analysis suggests that the flat benefit profile in Sweden has been too generous overall. However, both from the insurance and the incentives side, we find no evidence to support the introduction of a declining tilt in the profile.Keywords: Unemployment, Dynamic Policy, Sufficient Statistics, Consumption Smoothing JEL codes: H20, J64 * We thank Tony Atkinson, Richard Blundell, Raj Chetty, Liran Einav, Hugo Hopenhayn, Philipp Kircher, Henrik Kleven, Alan Manning, Arash Nekoei, Nicola Pavoni, Torsten Persson, Jean-Marc Robin, Emmanuel Saez, Florian Scheuer, Robert Shimer, Frans Spinnewyn, Ivan Werning, Gabriel Zucman and seminar participants at the NBER PF Spring Meeting, SED Warsaw, EEA Mannheim, DIW Berlin, Kiel, Zurich, Helsinki, Stanford, Leuven, Uppsala, IIES, Yale, IFS, Wharton, Sciences Po, UCLA, Sussex, Berkeley, MIT, Columbia, LMU and LSE for helpful discussions and suggestions. We also thank Iain Bamford, Albert Brue-Perez, Jack Fisher, Benjamin Hartung, Panos Mavrokonstantis and Yannick Schindler for excellent research assistance. We acknowledge financial support from the ERC (grant #716485 and #716485), the Sloan foundation (NBER grant #22-2382-15-1-33-003), STICERD and the CEP. 1The key objective of social insurance programs is to provide insurance against adverse events while maintaining incentives. The impact of these adverse events is dynamic and so are the insurance value and incentive cost of social protection against these events. As a consequence, the design of social insurance policies tends to be dynamic as well, specifying a schedule of benefits and taxes that are time-dependent. In the context of unemployment insurance (UI), the UI policy specifies a full benefit profile designed to balance incentives and insurance throughout the unemployment spell. Solving this dynamic problem can prove daunting, especially when adding important features of unemployment dynamics involving selection and non-stationarities. Indeed, there seems to be little conse...

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Section: C1 Registry-based Measures Of Consumptionmentioning

confidence: 72%

Section: Etc) 28mentioning

confidence: 99%

The Optimal Timing of Unemployment Benefits: Theory and Evidence from Sweden

Kolsrud

Landais

Nilsson³

et al. 2018

American Economic Review

138

130

View full text Add to dashboard Cite

show abstract

“…Tax records should be representative of the population, which is important given the evidence in Sabelhaus et al (2014) that budget survey nonresponse may be related to income. Browning & Leth-Petersen (2003), Kreiner et al (2014) , and Koijen et al (2014) construct this measure in Danish and Swedish tax data and compare it to budget survey data, whereas Browning et al (2013) use this measure to study consumer behavior in Denmark. Browning et al (2013) use Danish tax record data to construct a ( , , t h t h y w − Δ ) measure of consumption expenditure and then to test for causal effects of housing wealth shocks on consumer expenditure.…”

Section: Tax Data On Income and Wealthmentioning

confidence: 99%

“…Correcting for this requires data on household-level portfolio returns or on quantities of assets held. Neither are typically available, although the Swedish tax data studied by Koijen et al (2014) are an exception. Browning & Leth-Petersen (2003) evaluate the ( , , t h t h y w − Δ ) measure by linking their tax record data to the Danish budget survey.…”

Section: Tax Data On Income and Wealthmentioning

confidence: 99%

The Measurement of Household Consumption Expenditures

Browning

Crossley

Winter³

2014

Annu. Rev. Econ.

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Abstract:Household-level data on consumer expenditures underpins a wide range of empirical research in modern economics, spanning micro-and macroeconomics. This research includes work on consumption and saving, on poverty and inequality, and on risk sharing and insurance. We review different ways in which such data can be collected or captured: traditional detailed budget surveys, less onerous survey procedures that might be included in more general surveys, and administrative or process data. We discuss the advantages and difficulties of each approach and suggest directions for future investigation.2

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“…A limitation with the existing methods is that they require two measurements with classical errors. In practice, empirical data with two measurements often come from matched administrative, imputed, and/or survey data, where particularly survey data are often subject to non-classical errors (e.g., Bound, Brown, and Mathiowetz, 2001;Koijen, Van Nieuwerburgh, and Vestman, 2013).…”

Section: Introductionmentioning

confidence: 99%

Closed-form estimation of nonparametric models with non-classical measurement errors

Sasaki

2015

Journal of Econometrics

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This paper proposes closed-form estimators for nonparametric regressions using two measurements with non-classical errors. One (administrative) measurement has location-/scale-normalized errors, but the other (survey) measurement has endogenous errors with arbitrary location and scale. For this setting of data combination, we derive closedform identification of nonparametric regressions, and practical closed-form estimators that perform well with small samples. Applying this method to NHANES III, we study how obesity explains health care usage. Clinical measurements and self reports of BMI are used as two measurements with normalized errors and endogenous errors, respectively.We robustly find that health care usage increases with obesity.

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Judging the Quality of Survey Data by Comparison with 'Truth' as Measured by Administrative Records: Evidence from Sweden

Cited by 45 publications

References 25 publications

The Optimal Timing of Unemployment Benefits: Theory and Evidence from Sweden

The Optimal Timing of Unemployment Benefits: Theory and Evidence from Sweden

The Measurement of Household Consumption Expenditures

Closed-form estimation of nonparametric models with non-classical measurement errors

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