Improving the Quality of Economic Data: Lessons from the HRS and AHEAD

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Improving the Quality of Economic Data: Lessons from the HRS and AHEAD

Author Info

F. Thomas Juster (University of Michigan)
James P. Smith (RAND)

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James P. Smith

Abstract

Missing data are an increasingly important problem in economic surveys, especially when trying to measure household wealth. However, some relatively simple new survey methods such as follow-up brackets appear to appreciably improve the quality of household economic data. Brackets represent partial responses to asset questions and apparently significantly reduce item nonresponse. Brackets also provide a remedy to deal with nonignorable nonresponse bias, a critical problem with economic survey data.

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Paper provided by EconWPA in its series Labor and Demography with number 0402010.

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Length: 11 pages
Date of creation: 20 Feb 2004
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Handle: RePEc:wpa:wuwpla:0402010

Note: Type of Document - pdf; pages: 11. Journal of the American Statistical Association, Vol. 92, No. 440, 1997, pp. 1268-1278.
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J - Labor and Demographic Economics

This paper has been announced in the following NEP Reports:

NEP-ALL-2004-02-23 (All new papers)

References listed on IDEAS
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Richard T. Curtin & Thomas Juster & James N. Morgan, 1989. "Survey Estimates of Wealth: An Assessment of Quality," NBER Chapters, in: The Measurement of Saving, Investment, and Wealth, pages 473-552 National Bureau of Economic Research, Inc. [Downloadable!]
Hurd, Michael D, 1990. "Research on the Elderly: Economic Status, Retirement, and Consumption and Saving," Journal of Economic Literature, American Economic Association, vol. 28(2), pages 565-637, June. [Downloadable!] (restricted)
Deaton, A. & Grosh, M., 1998. "Consumption," Papers 191, Princeton, Woodrow Wilson School - Development Studies.

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