Measurement error in savings data
I am currently working with the savings data in USoc (save, saved, svamt etc.) and the savdocs variable shows that very few (less than 10%) actually have shown to the interviewer any documents on their savings. I was wondering if there is any systematic information on how the distributions given by the variables is compared to real data on savings or more focused wealth-assets surveys (such as WAS). And, secondly if anything has been done to deal with it.
Updated by Stephanie Auty about 4 years ago
- Category set to Data analysis
- Status changed from New to Feedback
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As this question was only asked of those who have savings accounts, in Wave 8 13% of respondents providing a valid response checked relevant documents. As the variables you mention are not derived variables, they have not been edited and are as reported by the respondent.
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