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Household Saving and Portfolio Change: Evidence from the 1983-89 SCF Panel

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  • Arthur B. Kennickell
  • Martha Starr-McCluer

Abstract

There are very few sources of high-quality data on the dynamics of wealth accumulation. This paper uses newly-available data from the 1983-89 panel of the Survey of Consumer Finances to examine household saving and portfolio change over the 1980s. The 1983 SCF collected detailed information on households' assets, liabilities, income and other characteristics for a sample of 4,103 families. In 1989, 1,479 of these families were re-interviewed using a similar questionnaire. After describing the sample and methodology of the panel survey, we analyze changes in household wealth over the 1983-89 period. We also investigate changes in the structure of households' assets and liabilities.

Suggested Citation

  • Arthur B. Kennickell & Martha Starr-McCluer, "undated". "Household Saving and Portfolio Change: Evidence from the 1983-89 SCF Panel," Finance and Economics Discussion Series 1996-18, Board of Governors of the Federal Reserve System (U.S.), revised 10 Dec 2019.
  • Handle: RePEc:fip:fedgfe:1996-18
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    File URL: http://www.federalreserve.gov/pubs/feds/1996/199618/199618pap.pdf
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    References listed on IDEAS

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    1. Eric M. Engen & William G. Gale & John Karl Scholz, 1994. "Do Saving Incentives Work?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 25(1), pages 85-180.
    2. Lupton, J. & Smith, J.P., 1999. "Marriage, Assets, and Savings," Papers 99-12, RAND - Labor and Population Program.
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    Cited by:

    1. Arthur B. Kennickell, 2003. "A Rolling Tide: Changes in the Distribution of Wealth in the US, 1989-2001," Economics Working Paper Archive wp_393, Levy Economics Institute.
    2. Daniel Sandoval & Mark Rank & Thomas Hirschl, 2009. "The increasing risk of poverty across the American life course," Demography, Springer;Population Association of America (PAA), vol. 46(4), pages 717-737, November.
    3. Budría, Santiago & Diaz-Serrano, Luis & Ferrer-i-Carbonell, Ada & Hartog, Joop, 2009. "Risk Attitude and Wage Growth: Replication and Reconstruction," IZA Discussion Papers 4124, Institute of Labor Economics (IZA).
    4. Atreya Chakraborty & Mark Kazarosian, 1999. "Portfolio Allocation of Precautionary Assets: Panel Evidence for the United States," Boston College Working Papers in Economics 432, Boston College Department of Economics.
    5. Edward N. Wolff, "undated". "Racial Wealth Disparities Is the Gap Closing?," Economics Public Policy Brief Archive ppb_66, Levy Economics Institute.
    6. Kaminoyama, Ken-ichi & Kawagishi, Taketo, 2012. "Cash-in-advance constraint with status in a neoclassical growth model," MPRA Paper 38382, University Library of Munich, Germany.
    7. Maury Gittleman & Edward N. Wolff, 2004. "Racial Differences in Patterns of Wealth Accumulation," Journal of Human Resources, University of Wisconsin Press, vol. 39(1).
    8. Ji, Tingting, 2004. "Consumer Credit Delinquency And Bankruptcy Forecasting Using Advanced Econometrc Modeling," MPRA Paper 3187, University Library of Munich, Germany.
    9. Fischer, Thomas, 2019. "Determinants of Wealth Inequality and Mobility in General Equilibrium," Working Papers 2019:22, Lund University, Department of Economics.
    10. Karen Pence & John Sabelhaus, 1999. "Household Saving in the '90s: Evidence from Cross-Section Wealth Surveys: Technical Paper 1999-3," Working Papers 13345, Congressional Budget Office.
    11. Barry P. Bosworth & Ralph C. Bryant & Gary Burtless, 2004. "The Impact of Aging on Financial Markets and the Economy: A Survey," Working Papers, Center for Retirement Research at Boston College 2004-23, Center for Retirement Research.
    12. Andrea Neri, 2009. "Measuring wealth mobility," Temi di discussione (Economic working papers) 703, Bank of Italy, Economic Research and International Relations Area.
    13. Alan L. Gustman & Olivia S. Mitchell & Andrew A. Samwick & Thomas L. Steinmeier, "undated". "Pension and Social Security Wealth in the Health and Retirement Study," Pension Research Council Working Papers 97-3, Wharton School Pension Research Council, University of Pennsylvania.

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    Keywords

    Household saving; portfolios; panel data;

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