Abstract: There are very few sources of high-quality data on
the dynamics of wealth accumulation. This paper uses newly-available
data from the 1983-89 panel of the Survey of Consumer Finances to
examine household saving and portfolio change over the 1980s. The
1983 SCF collected detailed information on households' assets,
liabilities, income and other characteristics for a sample of 4,103
families. In 1989, 1,479 of these families were re-interviewed using
a similar questionnaire. After describing the sample and methodology
of the panel survey, we analyze changes in household wealth over the
1983-89 period. We also investigate changes in the structure of
households' assets and liabilities.
Keywords: Household saving, portfolios, panel data
Full paper (511 KB PDF)
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