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Improving the Quality of Economic Data: Lessons from the HRS and AHEAD
F. Juster,James P. Smith +1 more
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Follow-up brackets as discussed by the authors represent partial responses to asset questions and apparently significantly reduce item nonresponse, which is a critical problem with economic survey data, and also provide a remedy to deal with nonignorable nonresponse bias.Abstract:
Missing data are an increasingly important problem in economic surveys, especially when trying to measure household wealth. However, some relatively simple new survey methods such as follow-up brackets appear to appreciably improve the quality of household economic data. Brackets represent partial responses to asset questions and apparently significantly reduce item nonresponse. Brackets also provide a remedy to deal with nonignorable nonresponse bias, a critical problem with economic survey data.read more
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Determinants of Wealth Fluctuation: Changes in Hard-To-Measure Economic Variables in a Panel Study.
Fabian T. Pfeffer,Jamie Griffin +1 more
TL;DR: This article examines predictors of large fluctuation, capturing sources related to actual socio-economic changes as well as potential sources of measurement error, and points to ways for improving wealth variables both in the data collection process and in data processing.
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Using Matched Survey and Administrative Data to Estimate Eligibility for the Medicare Part D Low Income Subsidy Program
TL;DR: This article uses matched survey and administrative data to estimate the size of the population eligible for the Low-Income Subsidy (LIS), which was designed to provide "extra help" with premiums, deductibles, and copayments for Medicare Part D beneficiaries with low income and limited assets.
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Cinquant’Anni Di Indagini Sui Bilanci Delle Famiglie Italiane: Storia, Metodi, Prospettive (Fifty Years of Household Income and Wealth Surveys: History, Methods and Future Prospects)
TL;DR: In this paper, the authors describe the evolution of the Survey of Household Income and Wealth from the early sixties until today, and highlight the need to pursue greater integration with other surveys at international level, sample and administrative sources in Italy and aggregate statistics.
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How Inheriting Affects Bequest Plans
TL;DR: This paper found that the experience of inheriting enhances the intension to bequeath as predicted by the family tradition model, independently of the positive impact of wealth, and that the expectation of inheritance has a positive impact on the intention to inherit, controlling for the expected increase in wealth on account of future inheritances.
References
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Multiple Imputation After 18+ Years
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Sensitive questions in surveys.
Roger Tourangeau,Ting Yan +1 more
TL;DR: The article reviews the research done by survey methodologists on reporting errors in surveys on sensitive topics, noting parallels and differences from the psychological literature on social desirability.
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Empirical Strategies in Labor Economics
TL;DR: In this article, the authors provide an overview of the methodological and practical issues that arise when estimating causal relationships that are of interest to labor economists, including identification, data collection, and measurement problems.
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Working With Missing Values
TL;DR: In this paper, the effects of missing values are illustrated for a linear model, and a series of recommendations are provided for missing values can produce biased estimates, distorted statistical power, and invalid conclusions.
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