Search Results

Showing results 1 to 10 of approximately 19.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Volz, Alice Henriques 

Working Paper
Analysis of wealth using micro and macro data: a comparison of the Survey of Consumer Finances and Flow of Funds Accounts

Researchers use different types of household balance sheet data to study different aspects of lifecycle saving and wealth accumulation behavior. Macro data from the Flow of Funds Accounts (FFA) are produced at a quarterly frequency and are available in a timely manner, but they can only be used to study the behavior of the household sector as a whole. Micro data from the Survey of Consumer Finances (SCF) are available every three years and only with a lag, but they can be used to address questions that involve differences in behavior over time and across various types of households. Despite ...
Finance and Economics Discussion Series , Paper 2013-46

Working Paper
The Effect of Shocks to College Revenues on For-Profit Enrollment: Spillover from the Public Sector

This paper investigates whether declines in public funding for post-secondary institutions have increased for-profit enrollment. The two primary channels through which funding might operate to reallocate students across sectors are price (measured by tuition) and quality (measured by resource constraints). We estimate, on average, that a 10 percent cut in appropriations raises tuition about 1 to 2 percent and decreases faculty resources by 1/2 to 1 percent, creating substantial bottlenecks for prospective students on both price and quality. These cuts, in turn, generate a nearly one ...
Finance and Economics Discussion Series , Paper 2015-25

Working Paper
Measuring Income and Wealth at the Top Using Administrative and Survey Data

Administrative tax data indicate that U.S. top income and wealth shares are substantial and increasing rapidly (Piketty and Saez 2003, Saez and Zucman 2014). A key reason for using administrative data to measure top shares is to overcome the 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 imposes a rigid correlation between income and wealth. The Survey of Consumer Finances (SCF) solves the ...
Finance and Economics Discussion Series , Paper 2015-30

Working Paper
Introducing the Distributional Financial Accounts of the United States

This paper describes the construction of the Distributional Financial Accounts (DFAs), a new dataset containing quarterly estimates of the distribution of U.S. household wealth since 1989, and provides the first look at the resulting data. The DFAs build on two existing Federal Reserve Board statistical products --- quarterly aggregate measures of household wealth from the Financial Accounts of the United States and triennial wealth distribution measures from the Survey of Consumer Finances --- to incorporate distributional information into a national accounting framework. The DFAs complement ...
Finance and Economics Discussion Series , Paper 2019-017

Working Paper
Wealth Distribution and Retirement Preparation Among Early Savers

This paper develops a new combined wealth measure using data from the Survey of Consumer Finances, by augmenting data on net worth with estimates of defined benefit (DB) pension wealth and expected Social Security wealth. We use this combined wealth concept to explore retirement preparation among groups of households in their pre-retirement years (40-49 and 50-59) and also to explore the concentration of wealth. We find evidence of moderate, but rising, shortfalls in retirement preparation. We also show that including DB pension and Social Security wealth results in markedly lower measures of ...
Finance and Economics Discussion Series , Paper 2020-043

Discussion Paper
Are Disappearing Employer Pensions Contributing to Rising Wealth Inequality?

Focusing our attention on families close to retirement, we consider the interplay between employer-sponsored retirement wealth and Social Security.
FEDS Notes , Paper 2019-02-01

Discussion Paper
Education Debt Owed by Older Families in the 2016 Survey of Consumer Finances

Much of the education debt in the Survey of Consumer Finances (SCF) currently resides in households headed by person 40 years or older. These families are the focus of this note.
FEDS Notes , Paper 2018-12-21-1

Discussion Paper
The Role of Social Security in Overall Retirement Resources : A Distributional Perspective

In this note, we first present trends in participation in employment-related retirement plans, and then provide analysis for one birth cohort, nearing retirement age, of the impact of Social Security on retirement wealth.
FEDS Notes

Discussion Paper
The Distributional Financial Accounts

This Note describes briefly how the Distributional Financial Accounts (DFAs) are constructed and highlights some of their key features.
FEDS Notes , Paper 2019-08-30

Working Paper
How does Social Security claiming respond to incentives? considering husbands' and wives' benefits separately

A majority of women receive most of their Social Security benefits based upon their husbands' earnings history, but previous research has shown that husbands' benefit claiming is inconsistent with maximizing lifetime benefits for the couple. However, that research assumes husbands choose their claim age based on all Social Security incentives facing the household. I show that husbands' claiming behavior responds to the actuarial incentives built into their own retired worker benefit formula, but not to the incentives built into the spouse and survivor formulas that determine their wives' ...
Finance and Economics Discussion Series , Paper 2012-19

FILTER BY year

FILTER BY Content Type

FILTER BY Jel Classification

D14 3 items

D31 3 items

D63 2 items

H00 2 items

H55 2 items

I32 2 items

show more (16)

FILTER BY Keywords

PREVIOUS / NEXT