Enhancing the Quality of Data on Income Recent Innovations from the HRS

摘要: This paper evaluates two survey innovations introduced in the HRS that aimed to improve income measurement. The are (1) integration of questions for and wealth (2) matching periodicity over which asked typical way such is received. Both had significant impacts improving quality reports. For example, into asset module produced an across-wave 63 percent increase amount derived from financial assets, real estate investments farm business equity. Similarly, asking respondents answer using a time interval consistent with how received substantially improved reports on social security income. Fortunately, we also suggest ways these can be other major science surveys.