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

Susann Rohwedder, Steven Haider and Michael Hurd ()

No 10862, NBER Working Papers from National Bureau of Economic Research, Inc

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 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.

JEL-codes: C42 D91 J14 (search for similar items in EconPapers)
Date: 2004-11
Note: AG
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Citations: View citations in EconPapers (9)

Published as Susann Rohwedder & Steven J. Haider & Michael D. Hurd, 2006. "INCREASES IN WEALTH AMONG THE ELDERLY IN THE EARLY 1990s: HOW MUCH IS DUE TO SURVEY DESIGN?," Review of Income and Wealth, Blackwell Publishing, vol. 52(4), pages 509-524, December.

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Related works:
Journal Article: INCREASES IN WEALTH AMONG THE ELDERLY IN THE EARLY 1990s: HOW MUCH IS DUE TO SURVEY DESIGN? (2006)
Working Paper: Increases in Wealth among the Elderly in the Early 1990s How Much is Due to Survey Design? (2004)
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