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Research Details

UM06-01 - Enhancing the Quality of Data on Income and Wealth

F. Thomas Juster, Daniel H. Hill, Honggao Cao and Michael Perry

Data quality is an issue of longstanding concern to researchers interested in wealth accumulation. This proposal summarizes work done on some simple survey extensions—innovations that may significantly improve the quality of household economic data. An important extension is the use of follow-up brackets. This work will address problems that arise with the use of brackets that introduce bias into the measurement of wealth. The project will utilize previously tested methods to address these problems and suggest solutions.

Working Paper:
Enhancing the Quality of Data on the Measurement of Income and Wealth