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The Predictive-Mean Method of Imputation for Preserving Coupling Between Assets and Liabilities
The Predictive-Mean Method of Imputation for Preserving Coupling Between Assets and Liabilities
RRC2006-01
Executive Summary
In the context of Interagency Agreement (IAA) BC-04-03 between the Social Security Administration and the U.S. Bureau of the Census, the Census Bureau researched and developed an alternative to the present imputation strategy of using a univariate hot-deck methodology to impute assets and liabilities in the Wealth Topical Module for the Surveyof Income and Program Participation (SIPP). Unlike the present strategy, the alternative imputation strategy (hereafter referred to as the “alternative strategy”) explicitly accounts for the correlation between assets and liabilities at the household level by supplementingthe univariate hot-deck with a joint hot-deck methodology and a model-based methodology referred to as predictive-mean imputation.
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Page Last Revised - October 28, 2021
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