Question

Status:Closed    Asked:Feb 20, 2017 - 08:12 AM

is there an wealth variable for each individual in the cps?

Which variable would be the most appropriate to use for individual wealth?

 
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Staff Answer

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Jeff Bloem

Staff

There are numerous income variables and several earnings variables available in the CPS, but nothing that cleanly identifies wealth. You may be able to create a rough proxy for wealth by combining some of the economic characteristics of each household, but there may be a substantial amount of error in this proxy variable. For more information on wealth, see this US Census Bureau page.

 

Feb 20, 2017 - 09:16 AM

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