Robert B. Barsky, Robert B. Barsky, F. Thomas Juster, F. Thomas Juster, Miles S. Kimball, Miles S. Kimball, ...
This paper reports measures of preference parameters relating to risk tolerance, time preference, and intertemporal substitution. These measures are based on survey responses to hypothetical...
An Experimental Approach in the Health and Retirement Study (1993)
Robert B. Barsky, F. Thomas Juster, Miles S. Kimball, Matthew D. Shapiro, Matthew D. Shapiro, Robert B. Barsky, ...
Shapiro also acknowledge the support of the Alfred P. Sloan Foundation. Carlos Quintanilla and Lisa Sanchez provided excellent research assistance. We gratefully acknowledge the constructive and...
An expectational view of consumer spending prospects (1981)
While the path of the economy clearly depends on a lot more than the behavior of consumers, the latter is surely one of the key influences on the former. After all, consumer spending counts for about...
The Effect of Unfolding Brackets on the Quality of Wealth Data in the HRS
F. Thomas Juster, Honggao Cao, Michael Perry, Mick Cooper
A characteristic feature of survey data on household wealth is the high incidence of missing data—roughly one in three respondents who report owning an asset are unable or unwilling to provide an...
Income and Wealth of Older American Households: Modeling Issues for Public Policy Analysis
Alan L. Gustman, F. Thomas Juster
This paper evaluates the extent to which current knowledge of retirement, savings, pension and related behavior is sufficient for determining the effects of major policy initiatives on the incomes...
Robert B. Barsky, Miles S. Kimball, F. Thomas Juster, Matthew D. Shapiro
Individuals' preferences underlying most economic behavior are likely to display substantial heterogeneity. This paper reports on direct measures of preference parameters relating to risk tolerance,...
Ensuring Time-Series Consistency in Estimates of Income and Wealth
F. Thomas Juster, Joseph P. Lupton, Honggao Cao
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Enhancing the Quality of Data on Income: Recent Innovations from the HRS
Michael Hurd, F. Thomas Juster, James P. Smith
This paper evaluates two survey innovations introduced in the HRS that aimed to improve income measurement. The innovations are (1) the integration of questions for income and wealth and (2) matching...