Work

Increases in Wealth among the Elderly in the Early 1990s: How Much is Due to Survey Design?

Year: 2004

Type: report

Abstract: The Asset and Health Dynamics Among the Oldest Old (AHEAD) study shows a large increase in reported total wealth between 1993 and 1995.Such an increase is not found in other US household surveys around that period.This paper examines one source of this difference.We find that in AHEAD 1993 ownership rates of stocks, CDs, bonds, and checking and saving accounts were underreported, resulting in under-measurement of wealth in 1993, and a substantial increase in wealth from 1993 to 1995.The explanation for the under-reporting is a combination of question sequence and wording in the AHEAD survey instrument.

Source: National Bureau of Economic Research

DOI: 10.3386/w10862

Authors: Susann Rohwedder, Steven Haider, Michael Hurd

Institutions: RAND Corporation, Michigan State University

Language: English

Topic: Survey Methodology and Nonresponse

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W4302791334

Cites: 2

Cited by: 16

Related to: 10