Increases in wealth among the elderly in the early 1990s
Subtitle: how much is due to survey design?
By: Susann Rohwedder, Steven J. Haider, Michael Hurd.
Contributors: Haider, Steven.; Hurd, Michael D.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10862; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10862.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Older people -- United States -- Economic conditions.; Wealth -- United States.
Description: "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 under-reported, 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"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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