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Photo of Alice Henriques Volz

Alice Henriques Volz

Chief Microeconomic Surveys Section Research and Statistics
202-452-3080
[email protected]

Education

  • Ph.D., Economics, Columbia University, 2011
  • B.A., Economics, University of California - Berkeley, 2002
Current Research Topics
  • Retirement and Social Security
  • Income and Wealth Inequality
  • Chief

    Board of Governors of the Federal Reserve System

    2022 - present
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2017 - 2022
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2014 - 2017
  • Economist

    Board of Governors of the Federal Reserve System

    2011 - 2014
  • The COVID-19 Pandemic and Family Economic Well-being: Evidence from the Survey of Consumer Finances
    Sarena Goodman, Gina Li, Kevin Moore, and Alice Henriques Volz
    Finance and Economics Discussion Series (2024)
    https://doi.org/10.17016/FEDS.2024.068
  • A Note On Revolving Credit Estimates
    Michael M. Chernousov, Jessica N. Flagg, Simona M. Hannon, Virginia L. Lewis, Suzanna M. Stephens, and Alice H. Volz
    FEDS Notes (2024)
    https://doi.org/10.17016/2380-7172.3526
  • Wealth Inequality and Retirement Preparedness: A Cross-Cohort Perspective
    John Sabelhaus and Alice Henriques Volz
    Real-World Shocks and Retirement System Resiliency (2024)
    https://doi.org/10.1093/oso/9780198894131.003.0005
  • Changes in U.S. Family Finances from 2019 to 2022: Evidence from the Survey of Consumer Finances
    Aditya Aladangady, Jesse Bricker, Andrew C. Chang, Sarena Goodman, Jacob Krimmel, Kevin B. Moore, Sarah Reber, Alice Henriques Volz, and Richard A. Windle
    Survey of Consumer Finances (2023)
    https://doi.org/10.17016/8799
  • U.S. Families’ Experiences of the COVID-19 Pandemic: Evidence from the Survey of Consumer Finances
    Jesse Bricker, Sarena Goodman, Kevin Moore, Sarah Reber, Alice Henriques Volz, and Richard Windle with assistance from YeJin Ahn
    FEDS Notes (2023)
    https://doi.org/10.17016/2380-7172.3406
  • The Distributional Financial Accounts of the United States
    Michael Batty, Jesse Bricker, Joseph Briggs, Sarah Friedman, Danielle Nemschoff, Eric Nielsen, Kamila Sommer, and Alice Henriques Volz
    National Bureau of Economic Research Studies in Income and Wealth (2022)
  • Social Security Wealth, Inequality, and Lifecycle Saving
    John Sabelhaus and Alice Henriques Volz
    National Bureau of Economic Research Studies in Income and Wealth (2022)
  • Wealth concentration in the USA using an expanded measure of net worth
    Lindsay Jacobs, Elizabeth Llanes, Kevin Moore, Jeffrey Thompson, and Alice Henriques Volz
    Oxford Economic Papers (2022)
    https://doi.org/10.1093/oep/gpab054
  • Wealth Inequality and COVID-19: Evidence from the Distributional Financial Accounts
    Michael Batty, Ella Deeken, and Alice Henriques Volz
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2980
  • A Wealth of Information: Augmenting the Survey of Consumer Finances to Characterize the Full U.S. Wealth Distribution
    Jesse Bricker, Sarena Goodman, Kevin B. Moore, and Alice Henriques Volz
    Finance and Economics Discussion Series (2021)
    https://doi.org/10.17016/FEDS.2021.053
  • Effective Tax Rates by Income and Wealth Class
    Jesse Bricker, Kevin B. Moore, Sarah J. Reber, and Alice Henriques Volz
    National Tax Journal (2020)
    https://doi.org/10.17310/ntj.2020.4.03
  • Updating the Distributional Financial Accounts
    Michael Batty, Jesse Bricker, Ella Deeken, Sarah Friedman, Eric Nielsen, Kamila Sommer, Sarah Reber, and Alice Volz
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2810
  • Wealth and Income Concentration in the SCF: 1989–2019
    Jesse Bricker, Sarena Goodman, Kevin B. Moore, and Alice Henriques Volz
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2795
  • Changes in U.S. Family Finances from 2016 to 2019: Evidence from the Survey of Consumer Finances
    Neil Bhutta, Jesse Bricker, Andrew C. Chang, Lisa J. Dettling, Sarena Goodman, Joanne W. Hsu, Kevin B. Moore, Sarah Reber, Alice Henriques Volz, and Richard A. Windle
    Federal Reserve Bulletin (2020)
    https://doi.org/10.17016/bulletin.2020.106
  • Attendance Spillovers between Public and For-Profit Colleges: Evidence from Statewide Variation in Appropriations for Higher Education
    Sarena Goodman and Alice Henriques Volz
    Education Finance and Policy (2020)
    https://doi.org/10.1162/edfp_a_00281
    See also » FRB Working Paper (2015)
  • Wealth Distribution and Retirement Preparation Among Early Savers
    Lindsay Jacobs, Elizabeth Llanes, Kevin Moore, Jeffrey Thompson, and Alice Henriques Volz
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.043
  • On Intergenerational Immobility: Evidence that Adult Credit Health Reflects the Childhood Environment
    Sarena Goodman, Alvaro Mezza, and Alice Henriques Volz
    Economic Inquiry (2020)
    https://doi.org/10.1111/ecin.12862
    See also » FRB Working Paper (2017)
  • Wealth Concentration Levels and Growth: 1989-2016
    Jesse Bricker and Alice Henriques Volz
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2438
  • Wealth Concentration in the U.S. After Augmenting the Upper Tail of the Survey of Consumer Finances
    Jesse Bricker, Peter Hansen, and Alice Henriques Volz
    Economics Letters (2019)
    https://doi.org/10.1016/j.econlet.2019.108659
  • The Distributional Financial Accounts
    Michael Batty, Joseph Briggs, Karen Pence, Paul Smith, and Alice Volz
    FEDS Notes (2019)
    https://doi.org/10.17016/2380-7172.2436
  • Introducing the Distributional Financial Accounts of the United States
    Michael Batty, Jesse Bricker, Joseph Briggs, Elizabeth Holmquist, Susan McIntosh, Kevin Moore, Eric Nielsen, Sarah Reber, Molly Shatto, Kamila Sommer, Tom Sweeney, and Alice Henriques Volz
    Finance and Economics Discussion Series (2019)
    https://doi.org/10.17016/FEDS.2019.017
  • Are Disappearing Employer Pensions Contributing to Rising Wealth Inequality?
    John Sabelhaus and Alice Henriques Volz
    FEDS Notes (2019)
    https://doi.org/10.17016/2380-7172.2308
  • Education Debt Owed by Older Families in the 2016 Survey of Consumer Finances
    Jesse Bricker, Alice Volz, and Elizabeth Llanes
    FEDS Notes (2018)
    https://doi.org/10.17016/2380-7172.2292
  • How Much has Wealth Concentration Grown in the United States? A Re-Examination of Data from 2001-2013
    Jesse Bricker, Alice Henriques, and Peter Hansen
    Finance and Economics Discussion Series (2018)
    https://doi.org/10.17016/FEDS.2018.024
  • How Does Social Security Claiming Respond to Incentives? Considering Husbands' and Wives' Benefits Separately
    Alice M. Henriques
    Journal of Human Resources (2018)
    https://doi.org/10.3368/jhr.53.2.1212-5371R2
    See also » FRB Working Paper (2012)
  • Updates to the Sampling of Wealthy Families in the Survey of Consumer Finances
    Jesse Bricker, Alice Henriques, and Kevin Moore
    Finance and Economics Discussion Series (2017)
    https://doi.org/10.17016/FEDS.2017.114
  • Changes in U.S. Family Finances from 2013 to 2016: Evidence from the Survey of Consumer Finances
    Jesse Bricker, Lisa J. Dettling, Alice Henriques, Joanne W. Hsu, Lindsay Jacobs, Kevin B. Moore, Sarah Pack, John Sabelhaus, Jeffrey Thompson, and Richard A. Windle
    Federal Reserve Bulletin (2017)
    https://doi.org/10.17016/bulletin.2017.103-3
  • Has Tax-Preferred Retirement Saving Offset Rising Wealth Concentration?
    Sebastian Devlin-Foltz, Alice M. Henriques, and John E. Sabelhaus
    FEDS Notes (2016)
    https://doi.org/10.17016/2380-7172.1811
  • The Role of Social Security in Overall Retirement Resources: A Distributional Perspective
    Sebastian Devlin-Foltz, Alice M. Henriques, and John E. Sabelhaus
    FEDS Notes (2016)
    https://doi.org/10.17016/2380-7172.1812
  • Estimating Top Income and Wealth Shares: Sensitivity to Data and Methods
    Jesse Bricker, Alice Henriques, Jacob Krimmel, and John Sabelhaus
    American Economic Review: Papers and Proceedings (2016)
    https://doi.org/10.1257/aer.p20161020
  • Is the U.S. Retirement System Contributing to Rising Wealth Inequality?
    Sebastian Devlin-Foltz, Alice Henriques, and John Sabelhaus
    Russell Sage Foundation Journal of the Social Sciences (2016)
    https://doi.org/10.7758/RSF.2016.2.6.04
  • Measuring Income and Wealth at the Top Using Administrative and Survey Data
    Jesse Bricker, Alice Henriques, Jacob Krimmel, and John Sabelhaus
    Brookings Papers on Economic Activity (2016)
    See also » FRB Working Paper (2015)
  • The Increase in Wealth Concentration, 1989-2013
    Jesse Bricker, Alice Henriques, Jacob Krimmel, and John Sabelhaus
    FEDS Notes (2015)
    https://doi.org/10.17016/2380-7172.1535
  • Analysis of Wealth Using Micro and Macro Data: A Comparison of the Survey of Consumer Finances and Flow of Funds Accounts
    Alice M. Henriques and Joanne W. Hsu
    National Bureau of Economic Research Studies in Income and Wealth (2014)
    See also » FRB Working Paper (2013)
  • Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances
    Jesse Bricker, Lisa J. Dettling, Alice Henriques, Joanne W. Hsu, Kevin B. Moore, John Sabelhaus, Jeffrey Thompson, and Richard A. Windle
    Federal Reserve Bulletin (2014)
    https://doi.org/10.17016/bulletin.2014.100-4
  • Are Homeowners in Denial about their House Values? Comparing Owner Perceptions with Transaction-Based Indexes
    Alice M. Henriques
    Finance and Economics Discussion Series (2013)
    https://doi.org/10.17016/FEDS.2013.79
  • Essays in Applied Microeconomics
    Alice Henriques
    Dissertations (Columbia University) (2011)
  • Gender Gap in Wage Returns to Job Tenure and Experience
    Lalith Munasinghe, Tania Reif, and Alice Henriques
    Labour Economics (2008)
    https://doi.org/10.1016/j.labeco.2007.12.003

  • conference

    August 2012

    Conference on Research in Income and Wealth

    Analysis of Wealth Using Micro and Macro Data: A Comparison of the Survey of Consumer Finances and Flow of Funds Accounts

  • conference

    November 2012

    Society of Government Economists Annual Conference

    How Have Self-Reported Home Values Changed in the Aftermath of the Housing Market Crash?

Awards
  • 2008

    Center for Retirement Research

    Dissertation Fellowship

Referee
  • Journal of Public Economics, Quarterly Journal of Economics
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Last Update: September 3, 2024