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Measures for savings and saving rates in the Ger-man SAVE data set

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Author Info
Lothar Essig () (Mannheim Research Institute for the Economics of Aging (MEA))
Abstract

Saving is frequently measured using a one-shot question for total annual saving dur-ing the preceding year. This type of one-shot recall question might cause severe measurement errors since saving is a complicated concept which consists of various components, many of which respondents might not be fully aware of. This paper uses the SAVE data to analyze poten-tial errors generated by this kind of questioning and provides remedies in order to construct the most of reliable saving measure given the information at hand.

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File URL: http://www.mea.uni-mannheim.de/mea_neu/pages/files/nopage_pubs/az27vulornyqexwn_86-2005.pdf
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Paper provided by Mannheim Research Institute for the Economics of Aging, University of Mannheim in its series MEA discussion paper series with number 05086.

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Date of creation: 30 Jun 2005
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Handle: RePEc:xrs:meawpa:05086

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Web page: http://www.mea.uni-mannheim.de/

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D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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  1. Martin Browning & Thomas F. Crossley & Guglielmo Weber, 2003. "Asking consumption questions in general purpose surveys," Economic Journal, Royal Economic Society, vol. 113(491), pages F540-F567, November. [Downloadable!] (restricted)
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  2. Börsch-Supan, Axel & Reil-Held, Anette & Rodepeter, Ralf & Schnabel, Reinhold & Winter, Joachim, 1999. "Ersparnisbildung in Deutschland: Meßkonzepte und Ergebnisse auf Basis der EVS," Sonderforschungsbereich 504 Publications 99-02, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
  3. Mark Aguiar & Erik Hurst, 2004. "Consumption vs. Expenditure," NBER Working Papers 10307, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Walliser, Jan & Winter, Joachim, 1998. "Tax incentives, bequest motives and the demand for life insurance: evidence from Germany," Sonderforschungsbereich 504 Publications 99-28, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
  5. Lothar Essig, 2005. "Methodological aspects of the SAVE data set," MEA discussion paper series 05080, Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim. [Downloadable!]
  6. Lothar Essig, 2005. "Methodological aspects of the SAVE data set," MEA discussion paper series 05080, Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim. [Downloadable!]
  7. Martin Browning & Annamaria Lusardi, 1996. "Household Saving: Micro Theories and Micro Facts," Journal of Economic Literature, American Economic Association, vol. 34(4), pages 1797-1855, December. [Downloadable!] (restricted)
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  8. Lothar Essig, 2005. "Imputing total expenditures from a non-exhaustive list of items: An empirical assessment using the SAVE data set," MEA discussion paper series 05081, Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim. [Downloadable!]
  9. Orazio P. Attanasio, 1993. "A Cohort Analysis of Saving Behavior by U.S. Households," NBER Working Papers 4454, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  10. Lothar Essig, 2005. "Imputing total expenditures from a non-exhaustive list of items: An empirical assessment using the SAVE data set," MEA discussion paper series 05081, Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim. [Downloadable!]
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