Measures for savings and saving rates in the German SAVE data set

Essig, Lothar

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URN: urn:nbn:de:bsz:180-madoc-12794
Document Type: Working paper
Year of publication: 2005
The title of a journal, publication series: MEA Discussion Papers
Volume: 086
Place of publication: Mannheim
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Veröffentlichungen des MEA (Mannheim Research Institute For the Economics of Aging) > MEA Discussion Papers
Subject: 300 Social sciences, sociology, anthropology
Classification: JEL: D 12 ,
Subject headings (SWD): Deutschland , Haushalt , Empirische Forschung , Sparverhalten
Abstract: Saving is frequently measured using a one-shot question for total annual saving during the preceding year. This type of one-shot recall question might cause severe measurement errors since saving is a complicated concept which consists of various components, many of which respondents might not be fully aware of. This paper uses the SAVE data to analyze potential errors generated by this kind of questioning and provides remedies in order to construct the most of reliable saving measure given the information at hand.

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