Wealth, Pensions, Debt, and Savings: Considerations for a Panel Survey

35 Pages Posted: 26 Apr 2015

See all articles by Brian Bucks

Brian Bucks

Consumer Financial Protection Bureau

Karen M. Pence

Board of Governors of the Federal Reserve System

Date Written: February 26, 2015

Abstract

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

JEL Classification: C81, C83, D14, E21

Suggested Citation

Bucks, Brian and Pence, Karen M., Wealth, Pensions, Debt, and Savings: Considerations for a Panel Survey (February 26, 2015). FEDS Working Paper No. 2015-019, Available at SSRN: https://ssrn.com/abstract=2598762 or http://dx.doi.org/10.2139/ssrn.2598762

Brian Bucks

Consumer Financial Protection Bureau ( email )

United States

Karen M. Pence (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-452-2342 (Phone)
202-728-5887 (Fax)

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