"Without better data on asset-level and company-level exposure to these risks, effective stress testing will be challenging.
And the results are likely to be greatly overstated and hinge on what seem to me to be rather implausible assumptions in which the authors impute the annual accrual of capital gains income from quite poor household data on asset classes combined with the assumption that everyone gets the average rate of return so that no one is lucky, no one is skilled in investing.
In an effort to document patterns of property ownership by men and women, The Gender Asset Gap Project collected individual level data on asset ownership in Ecuador, Ghana and Karnataka, India.
Data on asset ownership were collected within the HDSS framework.
The 2012 National HIV and AIDS and Reproductive Health Survey NARHSS Plus) collected data on household assets or possessions such as livestock, tractor, plough, radio, refrigerator, television, bicycle, motorbike, phone/cell phone, chair, table, bed and households amenities such as water supply, toilet, flooring, walls/house, roof, electricity, cooking fuel and light source.
To develop an asset index, we used polychoric factor analysis on data on common assets and amenities found in the mother's household, and grouped the resulting factor scores into quartiles.
Relative household wealth is measured using an asset-based index: data on household asset ownership collected during the DHS household interview are dichotomized (yes/no to indicate ownership of each asset) and entered into a statistical procedure known as principal components analysis (PCA) that assigns a weight to each asset.
Of the 35 countries that provide data on such assets to the International Monetary Fund, the OECD and Eurostat, only 16 report all categories, according to an IMF report.
We also use the recall data on owned assets in the 2012 ECVMAS survey to create a metric of households' welfare in 2010.
