Construction and Usage of Comparable Microdata
on Household Wealth:

The Luxembourg Wealth Study

S.A.Di.Ba., Perugia, 27-29 January 2005
 

Opening Session

 

“Welcome”

 

Salvatore Rossi
(Banca d’Italia, Head of the Economic Research Department)

 

 

 

“Introduction and Overview”

 

Presentation

Timothy Smeeding
(LIS and Syracuse University),
Andrea Brandolini (Banca d’Italia),
Eva Sierminska (LWS)

 

 

 

“Current Status of LWS – A Progress Report”: Reactions and Questions

(version 2)
 

Presentation

Eva Sierminska
(LWS)

 

Session 1: Macro vs. Micro

 

“Household Wealth: Comparing Micro and Macro Data in Canada, Italy and the United States”
(REVISED
1/19/05)

Presentation

Rochelle Antoniewicz
(Federal Reserve Board of Governors),
Riccardo Bonci (Banca d’Italia),
Andrea Generale (Banca d’Italia),
Grazia Marchese (Banca d’Italia),
Andrea Neri (Banca d’Italia),
Karen Maser (Statistics Canada) and
Patrick O’Hagan (Statistics Canada)

 

Discussants:
Enrico Giovannini (OECD) and
 
Martin Schuerz (Oesterreichische Nationalbank)

 

“Assessing Risk in Household Portfolios: Progress and Open Issues at the Macro and Micro/Survey Level”
(REVISED
5/31/05)
 

Presentation

Daniele Fano
(Pioneer Global Asset Management)

 

Discussant:
Monica Paiella
(Banca d’Italia)

Presentation

 

Session 2: Housing and Institutions

 

“Recent Research in Housing: Key Issues from the Economists’ Perspective”

Presentation

James Banks
(Institute for Fiscal Studies, London)

 

Discussant:
Conchita D’Ambrosio
(University of Milan “Bicocca” and DIW)

 

 

“The Measurement of Housing Wealth: Conceptual Issues and Practice”

(REVISED 06/05)

Presentation

Andrea Neri (Banca d’Italia) and
Eva Sierminska (LWS)

Discussants:
Veli-Matti Törmälehto (Statistics Finland) and
Gareth Harper (Department for Work and Pensions, UK)

Presentation

 

 

“Measuring Housing Wealth”
(REVISED
5/6/05)

Presentation

Karen Pence
Federal Reserve Board of Governors) and
Brian Bucks
(Federal Reserve Board of Governors)

 

Discussant:
Markus Grabka (DIW, Berlin)

Presentation

  “Tax Treatment and Institutional Details for Wealth Holding and Wealth Transfer” Presentation Mark Pearson (OECD) and
Timothy Smeeding
(LIS and Syracuse University)

Discussant:
James Davies
(University of Western Ontario)

 

Session 3: Debt, Businesses and Pensions

 

“Household Debt and Credit”

Presentation

Giuseppe Bertola (University of Turin) and
Stefan Hochguertel (Free University of Amsterdam)

 

Discussant:
Michael
Haliassos (Goethe University, Frankfurt)

Presentation
 

 

“The Measurement of Household Liabilities: Conceptual Issues and Practice”

 

Presentation

Jonathan Crook
(University of Edinburgh)

Discussants:
Maarten van Rooij (De Nederlandsche Bank)

 

“Defining Household Wealth in Business”

Presentation

Riccardo Bonci (Banca d’Italia),
Luigi Cannari (Banca d’Italia),
Alexandros Karagrigoriou
(University of Cyprus),
Grazia Marchese (Banca d’Italia) and
Andrea Neri (Banca d’Italia)
 

Discussant:
Fazley Siddiq (Dalhousie University)

 

  “Measuring Pension Wealth”
(REVISED 06/02/05)
Presentation Agar Brugiavini (University of Venice),
Karen Maser (Statistics Canada) and
Annika Sunden (Pension Board of Sweden)
Discussants:
Berg Lennart (Uppsala University) and
Angela Donkin (Department for Work and Pensions, UK)
 
Session 4: Sampling, Surveying and Administrative Sources

 

“The Good Shepherd:

Sample Design and Control for Wealth Measurement in the Survey of Consumer Finances”

 

Presentation

Arthur Kennickell
(Federal Reserve Board of Governors)

 

Discussant:
Anders Klevmarken (Uppsala University)

 Presentation

 

“The Spanish Survey of Household Finances (EFF): Description and Methods of the 2002 Wave”

 

 

Olympia Bover
(Bank of Spain)

 

Discussant:
Anders Klevmarken (Uppsala University)

Presentation
 

 

“The Survey of Consumer Finances: Sampling and Surveying in Cyprus” (REVISED 05/04/05)

 

Alexandros Karagrigoriou
(University of Cyprus)

 

Discussant:
Anders Klevmarken (Uppsala University)

Presentation
 

 

“Consider the Source: Differences in Estimates of Income and Wealth from Survey and Tax Data”
 (REVISED
3/9/2005)

Presentation

Barry Johnson
(Statistics of Income, Internal Revenue Service, USA) and
Kevin Moore
(Federal Reserve Board of Governors)
 

Discussant:
Anthony Atkinson (Nuffield College, Oxford)
Presentation

 

Session 5: Origins of Wealth, Measurement Issues

 

“The Estimate of Wealth Variations at the Household Level”

 

Presentation

Giovanni D’Alessio (Banca d’Italia) and
Romina Gambacorta (Banca d’Italia)

 

Discussant:
Elin Halvorsen (Statistics Norway)

 

 

“Intergenerational Transfers – Accounting, Prediction and Motives”
 (REVISED
5/31/2005)

Presentation

Henry Ohlsson
(Uppsala University)

Discussant:
Luc Arrondel (DELTA, Paris)

Presentation
 

 

“Methods for Summarizing and Comparing Wealth Distributions”

Presentation

Stephen Jenkins (University of Essex) and
Markus Jäntti (Abo Akademi University)

Discussant:
Frank Cowell (London School of Economics)

Presentation
 

 

“Measurement Issues: Equivalence Scales, Accounting Framework and Reference Unit”
(REVISED
6/14/2005)
 

Presentation

Eva Sierminska (LWS) and£
Timothy Smeeding
(LIS and Syracuse University)

 

Discussant:
Rolf Aaberge (Statistics Norway)
Presentation

 

Session 6: SHARE Project, Developing countries

 

“SHARE: Building a Panel Survey on Health, Aging and Retirement in Europe”

 

Presentation

Axel Börsch-Supan,
Hendrik Jürges, and
Oliver Lipps
(University of Mannheim)
 

 

 

“Asset Estimation in the SHARE Survey”

Presentation

Tullio Jappelli (University of Salerno) and Mario Padula (University of Salerno)

 

Discussant:
Elena Gouskova (ISR, University of Michigan)

 

 

Wealth Holdings in Developing and Transition Countries”

Presentation

James Davies
(University of Western Ontario) and
Anthony Shorrocks (UNU-WIDER)

 

Discussant:
Berk Ozler (World Bank)

Presentation
 

  “Wealth Holdings and Gender”
(REVISED 5/26/2005)

Presentation (REVISED 5/26/2005)
 

Janet Gornick
(LIS and Baruch College/CUNY, USA)

 
Final Session: Summary and Wrap up; Discussion of Next Steps and First Real LWS Conference

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Send mail to Caroline de Tombeur
File current as of 05 February 2007