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Integrated household surveys: an assessment of U.S. methods and an innovation
We present a vision for improving household financial surveys by integrating responses from questionnaires more completely with financial statements and combining them with payments data from diaries. Integrated household financial accounts?-balance sheet, income statement, and statement of cash flows?-are used to assess the degree of integration in leading U.S. household surveys, focusing on inconsistencies in measures of the change in cash. Diaries of consumer payment choice can improve dynamic integration. Using payments data, we construct a statement of liquidity flows: a detailed ...
Improved Estimation of Poisson Rate Distributions through a Multi-Mode Survey Design
Researchers interested in studying the frequency of events or behaviors among a population must rely on count data provided by sampled individuals. Often, this involves a decision between live event counting, such as a behavioral diary, and recalled aggregate counts. Diaries are generally more accurate, but their greater cost and respondent burden generally yield less data. The choice of survey mode, therefore, involves a potential tradeoff between bias and variance of estimators. I use a case study comparing inferences about payment instrument use based on different survey designs to ...