Finance and Economics Discussion Series (FEDS)
Wealth, Pensions, Debt, and Savings: Considerations for a Panel Survey
Brian K. Bucks and Karen M. Pence
Several U.S. panel surveys measure household wealth. At the same time, many important questions about household wealth accumulation remain somewhat unresolved. We consider whether measurement error on the existing suite of longitudinal surveys hinders their usefulness for addressing these questions. We review the features of wealth data that make it difficult to collect and assess which assets and debts households are more likely to report accurately. We suggest several considerations in choosing between improving existing surveys and starting a new one.
Keywords: Measurement error, survey methods, wealth
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