Enhancing the Quality of Data on Income and Wealth

Authors

• Honggao Cao
• Daniel Hill
• F. Thomas Juster
• Michael Perry

Abstract

Over the last decade or so, a substantial effort has gone into the design of a series of methodological investigations aimed at enhancing the quality of survey data on income and wealth. These investigations have largely been conducted at the Survey Research Center at the University of Michigan, and have mainly involved two longitudinal surveys: the Health and Retirement Study (HRS), with a first wave beginning in 1992 and continued thereafter every other year through 2004; and the Assets and Health Dynamics Among the Oldest Old (AHEAD) Study, begun in 1993 and continued in 1995 and 1998, then in every other year through 2004. This provides and overview of the main studies and summarizes what has been learned about correcting longitudinal inconsistencies that arise.

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Project

• UM04-10: Development of a Longitudinally Consistent Dataset for the Health and Retirement Study

Paper ID

WP 2005-101

Publication Type

Working Paper

Publication Year

2005