Income Data for Policy Analysis: A Comparative Assessment of Eight Surveys. Developing comparable estimates across surveys


All analyses in the study use income data for 2002 (HRS and MCBS income for 2003 were deflated with the CPI-U), which is defined as the calendar year except for the rolling reference period in ACS, which spans 23 instead of 12 months. In developing comparable estimates across the surveys, however, we sought to compensate for differences in the universe, the income concept, and the definition of a family.  Our methods and their limitations are reviewed below.

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