Assessing Asset Data on Low-Income Households - Urban Institute

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<strong>Assessing</strong> <strong>Asset</strong> <strong>Data</strong> on Low-Income Households: Current Availability and Options for Improvement A Report in the Series Poor Finances: <strong>Asset</strong>s and Low-Income Households Caroline Ratcliffe Henry Chen The Urban Institute and Trina R. Williams Shanks Yunju Nam Mark Schreiner Min Zhan Michael Sherraden Center for Social Development Washington University in St. Louis September 2007 This report was prepared for and funded by the U.S. Department of Health and Human Services, Office of the Assistant Secretary for Planning and Evaluation (DHHS/ASPE) under Order Number GS23F8198H / HHSP233200400131U to the Urban Institute and its collaborators at the Center for Social Development (CSD) at Washington University in St. Louis, and the New America Foundation. This report was prepared between September 2004 and July 2006. John Tambornino, Jeremías Alvarez, and Linda Mellgren at DHHS were project officers, Signe-Mary McKernan of the Urban Institute was overall project director, and Michael Sherraden directed the work at CSD. Views expressed are those of the authors and do not represent official positions of the Department of Health and Human Services, the Urban Institute, its trustees, or its sponsors.
Acknowledgments The report has benefited from comments of the entire project teams at the Urban Institute, the Center for Social Development, and the New America Foundation as well as helpful comments and suggestions from Jeremías Alvarez, Laura Chadwick, Susan Hauan, Gretchen Lehman, Linda Mellgren, Annette Rogers, Reuben Snipper, Kendall Swenson, and Joan Turek of ASPE and Jim Gatz, Leonard Sternbach, and John Tambornino of the Administration for Children and Families/DHHS. Individuals affiliated with the organizations responsible for the three primary data sets featured in this report also reviewed this report. We thank Robert Avery and Arthur Kennickell of the Federal Reserve Board, Alfred Gottschalck of the U.S. Census Bureau, and Robert Schoeni and Frank Stafford of the University of Michigan Institute for Social Research for their helpful comments and suggestions. This report is part of a series entitled Poor Finances: <strong>Asset</strong>s and Low-Income Households, produced in a partnership between the Urban Institute, Center for Social Development, and New American Foundation.
Page 1: Assessing
Page 5 and 6: D. Summary of Primary Data<
Page 7 and 8: income are not uniform across studi
Page 9 and 10: The Poor Finances Team Center for S
Page 11 and 12: Based on these four criteria, we id
Page 13 and 14: • Option 2: Encourage survey resp
Page 15 and 16: I. INTRODUCTION The lack of quality
Page 17 and 18: Ideally, data sets would provide de
Page 19 and 20: 2. Data set provid
Page 21 and 22: We evaluate these 12 data sets agai
Page 23 and 24: Exhibit 3. Asset a
Page 25 and 26: Exhibit 3. Asset a
Page 27 and 28: (U.S. BLS 2005). The two data sets
Page 29 and 30: complete. While the Asset</
Page 31 and 32: Exhibit 4. Correlates Provided by <
Page 33 and 34: Exhibit 4. Correlates Provided by <
Page 35 and 36: Exhibit 5. Summary of Primary <stro
Page 37 and 38: Security system, where this contrib
Page 39 and 40: Topical modules supplement the core
Page 41 and 42: estimates that approximately 25 per
Page 43 and 44: on the value of assets and two ques
Page 45 and 46: ange offered. In general for income
Page 47 and 48: the population. The cases in the li
Page 49 and 50: of the list sample, which oversampl
Page 51 and 52: used to make such estimates. This i
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low-income households, average SIPP
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in the interest of enhancing the us
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terms of immigrants, the PSID added
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taken into account when imputing li
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asset holdings and liabilities, and
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Schoeni, Robert F. 1997. “Private
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Assistance for Needy Families (TANF
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mandated product of Home Mortgage D
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Appendix Exhibit A-1. Summary of Se
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Appendix Exhibit A-1. Summary of Se
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3. As of [Last Day of Reference Per
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6) Other 4. Were any of these prope
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3. How much principal is currently
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IRA/Keogh 1. Do [you/you or anyone
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model, year acquired) and how and w
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live with you now and who took $5,0
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2. Do you have Mortgage-backed bond
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Thrift Accounts, 401(k) 1. Are you
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23) Burial lot 8. Is this property
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else? (DO NOT INCLUDE PENSION-TYPE
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14. What is the total amount that y
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6. What is the total amount that yo
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Assessing Asset Data on Low-Income Households - Urban Institute

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