Anchoring and Acquiescence Bias in Measuring Assets in Households Surveys
The Health and Retirement Study (HRS) and the Asset and Health Dynamics Study (AHEAD) are large nationally representative panel surveys of individuals aged 51-61 and 70 or over respectively at baseline and their spouses. The objective of this paper is to find evidence about anchoring and acquiescence bias in HRS asset data in a way that controls for selection.
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