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The Survey of Consumer Finances at Forty: Reflections from an Early User

Authors: Samwick, Andrew A.;

The Survey of Consumer Finances at Forty: Reflections from an Early User

Abstract

Since it debuted in the 1980s, the Survey of Consumer Finances (SCF) has been vital to research on household behavior for two main reasons. First, its oversampling of high-income households makes it the only nationally representative survey that can meaningfully capture the skewness in the distribution of wealth. Second, the SCF pioneered the linking of detailed administrative data to national household surveys with the Pension Provider Survey. As a consequence, it influenced the design of subsequent surveys. In more recent years, however, other data sources have risen in prominence relative to the SCF in economic analyses of household behavior. I argue that the lack of an ongoing panel dimension, the absence of continued links to administrative data, and changes in the style of research conducted over the last 30 years are largely to blame. Further, without additional investments, these trends are likely to continue to limit the role that the SCF can play in the scholarly and policy-relevant literature

Keywords

Households, Big data, Saving, Administrative data, Credibility revolution, Wealth

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This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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