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Evaluating Wealth Data in the Redesigned 2014 Survey of Income and Program Participation
Evaluating Wealth Data in the Redesigned 2014 Survey of Income and Program Participation
Working Paper Number SEHSD WP2017-35 & SIPP WP-278
Introduction
The U.S. Census Bureau redesigned the 2014 panel of the Survey of Income and Program Participation (SIPP). As part of the redesign, several changes were made to the wealth module of the survey to fill gaps in question content and improve clarity of existing questions. To evaluate the effects of these changes, we compare SIPP wealth data with Survey of Consumer Finances (SCF) wealth data to investigate how the match between SIPP and SCF changed after the questionnaire redesign. We find that the match between SIPP and SCF has improved for many wealth estimates, although numerous discrepancies remain. We offer potential explanations for why some estimates have changed and why the difference between SIPP and SCF is large for certain estimates.
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Page Last Revised - October 8, 2021
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