We use repeated cross-sections of the Survey of Consumer Finances (SCF) to study the effect of self-reported transitory …, which are generally derived from the residuals of estimated earnings or income equations. Although the self …-reported transitory shocks could potentially give very different answers, the overall variance and asymmetry of shocks over the business …

Aggregate under-reporting of household spending in the Consumer Expenditure Survey (CE) can result from two fundamental … types of measurement errors: higher-income households (who presumably spend more than average) are under-represented in the … income over most of the income distribution. Although increasing representation at the high end of the income distribution …

with shocks to income and marital status, and lower-income taxpayers are more likely to experience the types of shocks … rates are substantial (relative to new contributions) in all of those years. Early withdrawal events are strongly correlated …

Is the current mix of tax preferences for employer-sponsored pensions and individual retirement saving in the U ….S. delivering the best possible retirement-preparedness across and within generations? Using data from the triennial Survey of … Consumer Finances for 1989 through 2013, cohort-based analysis of life-cycle trajectories shows that (1) overall retirement …

imposes a rigid correlation between income and wealth. The Survey of Consumer Finances (SCF) solves the under … under-representation of families at the very top that plagues most household surveys. However, using tax records alone … restricts the unit of analysis for measuring economic resources, limits the concepts of income and wealth being measured, and …

the Survey of Consumer Finances. We find that increases in unemployment risk do not boost saving by households with …Recent empirical work on the strength of precautionary saving has yielded widely varying conclusions. The mixed … level of income. This finding is robust to certain restrictions on the sample, but not robust across measures of wealth: We …