Improving the Quality of Economic Data: Lessons from the HRS and AHEAD
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.
|Date of creation:||20 Feb 2004|
|Date of revision:|
|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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- 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.
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"Differences in the Measurement of Wealth, Wealth Inequality and Wealth Composition Obtained from Alternative U.S. Wealth Surveys,"
Review of Income and Wealth,
International Association for Research in Income and Wealth, vol. 37(1), pages 33-62, March.
- F. Thomas Juster & Kathleen A. Kuester, 1990. "Differences in the measurement of wealth, wealth inequality, and wealth composition obtained from alternative U.S. wealth surveys," Finance and Economics Discussion Series 116, Board of Governors of the Federal Reserve System (U.S.).
- 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.
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