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Increases in wealth among the elderly in the early 1990s : how much is due to survey design?

Author: Susann Rohwedder; Steven J Haider; Michael D Hurd; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2004.
Series: Working paper series (National Bureau of Economic Research), no. 10862.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
"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  Read more...
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Additional Physical Format: Print version:
Rohwedder, Susann.
Increases in wealth among the elderly in the early 1990s.
Cambridge, Mass. : National Bureau of Economic Research, 2004
(DLC) 2005615090
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Susann Rohwedder; Steven J Haider; Michael D Hurd; National Bureau of Economic Research.
OCLC Number: 57012619
Notes: "October 2004."
Description: 1 online resource (23 pages).
Series Title: Working paper series (National Bureau of Economic Research), no. 10862.
Responsibility: Susann Rohwedder, Steven J. Haider, Michael D. Hurd.

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"--National Bureau of Economic Research web site.

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