Evaluating Micro-Survey Estimates of Wealth and Saving

Barry Bosworth and Rosanna Smart

Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research

Abstract: This paper presents an overview of changes in household wealth accumulation and saving using wealth data from three micro-level surveys: Survey of Consumer Finances (SCF), Panel Study of Income Dynamics (PSID), and Health and Retirement Study (HRS). We provide comparisons to the macroeconomic estimates of wealth accumulation and saving, explore problems in constructing household-level valuations of wealth, and assess the value of using household-level datasets to examine wealth accumulation and saving behavior in the United States.

Pages: 66 pages
Date: 2009-01, Revised 2009-01
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Citations: View citations in EconPapers (11)

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