Retrospective reporting of household wealth: Evidence from the 1983–1989 survey of consumer finances

Journal of Business and Economic Statistics

Volumn 15, Issue 4, 1997, Pages 452-463

  Kennickell, Arthur B ^a   Starr McCluer, Martha ^a  

^a FEDERAL RESERVE BOARD   (United States)

Author keywords

Consumer survey; Panel data; Wealth measurement

Indexed keywords

EID: 0039460170     PISSN: 07350015     EISSN: 15372707     Source Type: Journal    
DOI: 10.1080/07350015.1997.10524723     Document Type: Article

References (23)

1. Alessie, R., and Zandvliet, C. (1993), “Measurement of Household Saving Obtained From First-Differencing Wealth Estimates,” VSB-CentER Savings Project Progress Report 13, Tilburg University, Center for Economic Research.
2. Avery, R. B., and Elliehausen, G. E. (1986), “Financial Characteristics of High-Income Families,” Federal Reserve Bulletin, 72, 163-177.
3. Avery, R. B., Elliehausen, G. E., and Kennickell, A. B. (1988), “Measuring Wealth with Survey Data: An Evaluation of the 1983 Survey of Consumer Finances,” Review of Income and Wealth, 34, 339-369.
4. Bound, J., Brown, C., Duncan, G. J., and Rodgers, W. L. (1994), “Evidence on the Validity of Cross-sectional and Longitudinal Labor Market Data,” Journal of Labor Economics, 12, 345-368.
5. Curtin, R. T., Juster, F. T., and Morgan, J. N. (1989), “Survey Estimates of Wealth: An Assessment of Quality,” in The Measurement of Saving
6. Investment and Wealth, eds. R. Lipsey and H. S. Tice, Chicago: University of Chicago Press (for the National Bureau of Economic Research), pp. 473-548.
7. Duncan, G. J., and Mathiowetz, N. A. (1984), “A Validation Study of Economic Survey Data,” unpublished report, University of Michigan, Survey Research Center, Institute for Social Research.
8. Ferber, R. (1965), “The Reliability of Consumer Surveys of Financial Holdings: Time Deposits,” Journal of the American Statistical Association, 60, 148-163.
9. Ferber, R. (1966), “The Reliability of Consumer Reports of Financial Assets and Debts,” Studies in Consumer Savings, No. 6, University of Illinois (Urbana), Bureau of Economic and Business Research.
10. Ferber, R., Forsythe, J., Gutherie, H., and Maynes, E. S. (1969a), “Validation of Consumer Financial Characteristics: Common Stock,” Journal of the American Statistical Association, 64, 415-432.
11. Ferber, R., Forsythe, J., Gutherie, H., and Maynes, E. S. (1969b), “Validation of a National Survey of Consumer Financial Characteristics: Savings Accounts,” Review of Economics and Statistics, 51, 436-444.
12. Kennickell, A. B. (1995), “Saving and Permanent Income: Evidence From the 1992 SCF,” Working Paper 95-41, Federal Reserve Board.
13. Kennickell, A. B., and Starr-McCluer, M. (1996), “Household Saving and Portfolio Change: Evidence From the 1983-89 SCF Panel,” Working Paper 96-18, Federal Reserve Board.
14. Juster, F. T., and Kuester, K. A. (1991), “Differences in the Measurement of Wealth, Wealth Inequality and Wealth Composition Obtained From Alternative U.S. Wealth Surveys,” Review of Income and Wealth, 37, 33-62.
15. Lansing, J., Ginsburg, G., and Braaten, K. (1961), “An Investigation of Response Error,” Studies in Consumer Saving, No. 2, University of Illinois (Urbana), Bureau of Economic and Business Research.
16. Mathiowetz, N. A., and Duncan, G. J. (1988), “Out of Work, Out of Mind: Response Errors in Retrospective Reports of Unemployment,” Journal of Business & Economic Statistics, 6, 221-229.
17. Means, B., Swan, G. E., Jobe, J. B., and Esposito, J. L. (1994), “The Effects of Estimation Strategies on the Accuracy of Respondents’ Reports of Cigarette Smoking,” in Autobiographical Memory and the Validity of Retrospective Reports, eds. N. Schwarz and S. Sudman, New York: Springer-Verlag, pp. 107-120.
18. Mitchell, O. (1988), “Worker Knowledge of Pension Provisions,” Journal of Labor Economics, 6, 21-39.
19. Neter, J., and Waksberg, J. (1965), “Response Errors in Collection of Expenditures Data by Household Interviews: An Experimental Study,” Technical Paper 11, U.S. Department of Commerce, Bureau of the Census.
20. Schaeffer, N. C. (1994), “Errors of Experience: Response Errors in Reports About Child Support and Their Implications for Questionnaire Design,” in Autobiographical Memory and the Validity of Retrospective Reports, eds. N. Schwarz and S. Sudman, New York: Springer-Verlag, pp. 141-160.
21. Schwarz, N. (1990), “Assessing Frequency Reports of Mundane Behaviors,” in Research Methods in Personality and Social Psychology, eds. C. Hendrik and M. S. Clark, Beverly Hills, CA: Sage Publications, pp. 98-119.
22. Silberstein, A., and Jacobs, C. A. (1989), “Symptoms of Repeated Interview Effects in the Consumer Expenditure Interview Survey,” in Panel Surveys, eds. D. Kasprzyk, G. Duncan, G. Kalton and M. P. Singh, New York: Wiley, pp. 289-303.
23. Sudman, S., and Bradburn, N. (1973), “Effects of Time and Memory Factors on Response in Surveys,” Journal of the American Statistical Association, 68, 805-815.