Artikel

BENFORD'S LAW AS AN INDICATOR OF SURVEY RELIABILITY – CAN WE TRUST OUR DATA?

This paper analyzes how closely different income measures conform to Benford's law, a mathematical predictor of probable first digit distribution across many sets of numbers. Because Benford's law can be used to test data set reliability, we use a Benford analysis to assess the quality of six widely used survey data sets. Our findings indicate that although income generally obeys Benford's law, almost all the data sets show substantial discrepancies from it, which we interpret as a strong indicator of reliability issues in the survey data. This result is confirmed by a simulation, which demonstrates that household level income data do not manifest the same poor performance as individual level data. This finding implies that researchers should focus on household level characteristics whenever possible to reduce observation errors.

Sprache
Englisch

Erschienen in
Journal: Journal of Economic Surveys ; ISSN: 1467-6419 ; Volume: 33 ; Year: 2019 ; Issue: 5 ; Pages: 1602-1618 ; Hoboken, NJ: Wiley

Klassifikation
Wirtschaft
Methodological Issues: General
Statistical Simulation Methods: General
Specific Distributions; Specific Statistics
Large Data Sets: Modeling and Analysis
Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
Health: General
Thema
Benford´s law
Data quality
Fraud detection
Measurement error
Survey quality

Ereignis
Geistige Schöpfung
(wer)
Kaiser, Micha
Ereignis
Veröffentlichung
(wer)
Wiley
(wo)
Hoboken, NJ
(wann)
2019

DOI
doi:10.1111/joes.12338
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Kaiser, Micha
  • Wiley

Entstanden

  • 2019

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