Status:Closed    Asked:Jul 10, 2015 - 12:32 PM

Standard and Poor high-grade municipal bond yield for housret variable

The description says that Standard and Poor high-grade municipal bond yields are used in calculating "housret" variable. What are these values, specifically, for 2005 and 2007? I don't see them and have not been able to find them.

Do you have the same question? Follow this Question

Staff Answer




The S&P high-grade municipal bond yields are not directly available in the CPS data. For these purposes, researchers typically use Appendix B of the Economic Report of the President, where you can find annual S&P high-grade municipal bond yields for the years 1942-2014 [Table B–17]. The annual yield was 4.29 in 2005 and 4.42 in 2007. The 4.29 yield exactly matches the figure cited by the Census Bureau in this paper that details their methodology of creating the CPS "return to home equity" variable.

Hope this helps.


Jul 13, 2015 - 04:24 PM

Report it


How do I distinguish high-school dropouts from non-high school dropouts acros...
How do I distinguish if 16-18 year olds are high school dropouts or still stu...
Why is there only 1,524 unique municipal values in the 2010 Brazil census dat...
Login   |   Register

Recently Active Members

View More »

Share |