A comparison of the household sector from the Flow of Funds Accounts and the Survey of Consumer Finances
AbstractThis paper examines selected assets and liabilities from the FFA household sector and from the 1989 and 1992 SCF. SCF and FFA comparisons have proved difficult in the past, and previous research has not fully adjusted for definitional differences between the FFA and the SCF. This analysis addresses common misperceptions about the definitions of the FFA's assets and liabilities and describes the reconciliations between the FFA and SCF measures. The results show that for some asset and liability categories the SCF and FFA estimates are quite close. Measures of liabilities, however, match up better than those for assets.
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Bibliographic InfoPaper provided by Board of Governors of the Federal Reserve System (U.S.) in its series Finance and Economics Discussion Series with number 96-26.
Date of creation: 1996
Date of revision:
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- Dean M. Maki & Michael G. Palumbo, 2001. "Disentangling the wealth effect: a cohort analysis of household saving in the 1990s," Finance and Economics Discussion Series 2001-21, Board of Governors of the Federal Reserve System (U.S.).
- Arthur B. Kennickell, 2000. "An Examination of Changes in the Distribution of Wealth From 1989 to 1998: Evidence from the Survey of Consumer Finances," Macroeconomics 0004054, EconWPA.
- Carol Bertaut & Martha Starr-McCluer, 2000. "Household portfolios in the United States," Finance and Economics Discussion Series 2000-26, Board of Governors of the Federal Reserve System (U.S.).
- John C. Weicher, 1997. "Wealth and its distribution, 1983-1992: secular growth, cyclical stability," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 3-23.
- Yoo & Peter S., 1996. "Charging up a mountain of debt: households and their credit cards," Working Papers 1996-015, Federal Reserve Bank of St. Louis.
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