Correcting Second Home Equity in HRS/AHEAD: The Issues, a Method, and Some Preliminary Results

Authors

• Honggao Cao
• F. Thomas Juster

Abstract

Second home equity is an important component of both housing equity and net worth for the old population. It has been covered, implicitly or explicitly, across all waves of HRS and AHEAD surveys. The negative impact of the inconsistent treatment of second home on the estimation of housing equity and net worth is substantial. This paper reports on a method for imputing the data to obtain corrected values for second home equity.

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Paper ID

WP 2004-081

Publication Type

Working Paper

Publication Year

2004