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Survey Estimates of Wealth: A Comparative Analysis and Review of the Survey of Income and Program Participation

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  • John L. Czajka
  • Jonathan E. Jacobson
  • Scott Cody
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    Abstract

    Previous studies have identified possible shortcomings in the SIPP data on wealth, raising concerns about using these data for research purposes. This report compares recent SIPP estimates of wealth with those derived from the Survey of Consumer Finances and the Panel Study of Income Dynamics, identifies both strengths and limitations of the SIPP data, and recommends a number of improvements that the Census Bureau should undertake.

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    File URL: http://mathematica-mpr.com/publications/pdfs/estimateswealth.pdf
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    Bibliographic Info

    Paper provided by Mathematica Policy Research in its series Mathematica Policy Research Reports with number 3680.

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    Length: 330
    Date of creation: 22 Aug 2003
    Date of revision:
    Handle: RePEc:mpr:mprres:3680

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    1. Erik Hurst & Ming Ching Luoh & Frank P. Stafford, 1998. "The Wealth Dynamics of American Families, 1984-94," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1), pages 267-338.
    2. Robert E. Lipsey & Helen Stone Tice, 1989. "The Measurement of Saving, Investment, and Wealth," NBER Books, National Bureau of Economic Research, Inc, number lips89-1, July.
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