Support #2319
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Net Household Income Data in the BHPS and UKHLS
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Dear Understanding Society Team,
I am trying to get a hold of a net hh income variable for both datasets, and I found hhneti in the BHPS.
What would be the closest to that variable in the UKHLS? Would it be fihhmnnet1_dv?
I would appreciate a suggestion for a net HH income variable that is somewhat consistent across the two datasets.
I had a look at both variables, and find that the hhneti numbers are much smaller than the fihhmnnet1_dv numbers.
Thanks,
Best,
Nico
Updated by Understanding Society User Support Team about 6 hours ago
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Hello Nico,
If net income is not essential, note that there is a gross household income variable harmonised across BHPS and UKHLS: fihhmngrs_dv (Household income: month before interview). Variable hhneti: Total household net income looks like a good approximation.
You may also want to review variable fihhyr, which measures total annual household income. This is a net income measure, although this is not explicitly stated in the variable label. Please note, however, that fihhyr is not harmonised and measures income on an annual basis.
For more details, please see sections 3.1. The current net household income files and 3.2: The Annual Net Household Income Files in the Documentation for Derived Current and Annual Net Household Income Variables, BHPS Waves 1–18 at https://doc.ukdataservice.ac.uk/doc/3909/mrdoc/pdf/3909userguide.pdf
I hope this information is helpful
Best wishes,
Roberto Cavazos
Understanding Society User Support Team
Updated by Nico Ochmann about 1 hour ago
Hi Roberto,
Thanks for your reply.
I think looking at the link that hhneti is weekly household data, so that's why these numbers are so small.
The best counterpart to hhneti in the UKHLS is in my view fihhmnnet3_dv.
I will give it a shot.
Thanks, and please let me know if you have any further comments.
Best,
Nico