2024 Autumn Data Splash
Updates and enhancements to the LIS and LWS databases underway
LIS has temporarily paused the addition of new data during this quarter in preparation of an upcoming update to its LIS and LWS databases. We are pleased to announce that we have been working on several updates and additions to the LIS and LWS databases, aimed at improving data quality and consistency. We appreciate the feedback received from the LIS user community, which contributed to enhancing the variable list to support state-of-the-art research projects. The following sections are concerned.
- Household composition and living arrangements: Several new variables will be added, including i) an additional household type variable, ii) several variables on single parenthood, dependent children, mother/father/partner pointers which will enrich the LIS and LWS databases. These new variables will be accompanied with the restructuring of the living arrangements variables, where variables relation and marital will be slightly updated in the whole databases for ensuring better consistency across datasets.
- Geography: New variables on standardized regions will be introduced to more effectively select datasets complying to the Nomenclature of Territorial Units for Statistics (NUTS); the new variables will refer to the latest version of NUTS1/NUTS2/NUTS3, whenever applicable.
- Labour market variables: Two new variables wage1 (monthly wage, main job) and hwage1 (hourly wage, main job) will replace the variables gross1/net1 in the LIS and LWS databases. This will allow users to more smoothly run analyses on the current job characteristics. A new variable, occc1, will exclusively refer to the ISCO-08 standard, whereas the existing variable, occb1, will refer solely to the ISCO-88 standard.
- Balance Sheet (LWS Database): Several new variables will be added to the balance sheet that will allow users of the LWS data to i) distinguish transaction accounts and cash from saving accounts, ii) distinguish publicly traded stocks from other equity, and iii) analyse separately money owed to household.
The work for this update is currently ongoing and we plan to update the LIS and LWS databases and the relevant documentation including METIS within the next months, so that users can work with the updated data and documentation as soon as possible.
Stay tuned for our exciting database update in the last quarter of 2024!