{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,10,20]],"date-time":"2025-10-20T17:31:58Z","timestamp":1760981518568},"reference-count":10,"publisher":"Wiley","issue":"6","license":[{"start":{"date-parts":[[2006,10,6]],"date-time":"2006-10-06T00:00:00Z","timestamp":1160092800000},"content-version":"vor","delay-in-days":35,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[2006,9]]},"abstract":"<jats:title>Abstract<\/jats:title><jats:p>Although the asset data from the Health and Retirement Study (HRS) is of very high quality, there is sufficient noise to frustrate attempts to study saving behaviour by examining wave\u2010to\u2010wave change in wealth. In this research, we attempt to reduce noise by means of reactive\u2010dependent interviewing in which respondents with large inexplicable changes in assets between 1998 and 2000 are called back by HRS interviewers, presented with their prior reports and asked to reconcile the data. We achieved reconciliation for 1255 households (2479 net\u2010worth components) and, as a result, the variance in measured change for the entire sample of 11,583 households with the same financial respondents in both waves was cut in half. The empirical validity of the data also appears to have been improved. The correlation of gross change in net worth and income, for instance, increased from an insignificant negative to a highly significant positive value. Although reconciliation of large asset changes marginally improves the goodness of fit of multivariate models, there remains sufficient noise in the asset\u2010change data to require analysts to employ additional methods to reduce the influence of outliers. Copyright \u00a9 2006 John Wiley &amp; Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.878","type":"journal-article","created":{"date-parts":[[2006,10,6]],"date-time":"2006-10-06T20:34:42Z","timestamp":1160166882000},"page":"845-860","source":"Crossref","is-referenced-by-count":9,"title":["Wealth dynamics: reducing noise in panel data"],"prefix":"10.1002","volume":"21","author":[{"given":"Daniel H.","family":"Hill","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"311","published-online":{"date-parts":[[2006,10,6]]},"reference":[{"key":"e_1_2_7_2_1","doi-asserted-by":"publisher","DOI":"10.1016\/S1573-4412(01)05012-7"},{"key":"e_1_2_7_3_1","volume-title":"Computer Assisted Survey Collection","author":"Brown A","year":"1998"},{"key":"e_1_2_7_4_1","first-page":"175","volume-title":"Proceedings of the International Conference on Survey Measurement and Process Quality","author":"Dibbs R","year":"1995"},{"key":"e_1_2_7_5_1","doi-asserted-by":"publisher","DOI":"10.1086\/298067"},{"key":"e_1_2_7_6_1","doi-asserted-by":"publisher","DOI":"10.1002\/9780470316665"},{"key":"e_1_2_7_7_1","first-page":"359","article-title":"The relative empirical validity of dependent and independent data collection in a panel survey","volume":"10","author":"Hill DH","year":"1995","journal-title":"Journal of Official Statistics"},{"key":"e_1_2_7_8_1","volume-title":"Analysis of Panel Data","author":"Hsiao C","year":"1986"},{"key":"e_1_2_7_9_1","doi-asserted-by":"publisher","DOI":"10.1080\/01621459.1997.10473648"},{"key":"e_1_2_7_10_1","volume-title":"Economic Survey Methods","author":"Lansing J","year":"1971"},{"key":"e_1_2_7_11_1","first-page":"501","article-title":"An assessment of the current state of dependent interviewing in household surveys","volume":"16","author":"Mathiowetz N","year":"2000","journal-title":"Journal of Official Statistics"}],"container-title":["Journal of Applied Econometrics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.878","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.878","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,10,18]],"date-time":"2023-10-18T11:31:26Z","timestamp":1697628686000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/jae.878"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2006,9]]},"references-count":10,"journal-issue":{"issue":"6","published-print":{"date-parts":[[2006,9]]}},"alternative-id":["10.1002\/jae.878"],"URL":"https:\/\/doi.org\/10.1002\/jae.878","archive":["Portico"],"relation":{},"ISSN":["0883-7252","1099-1255"],"issn-type":[{"value":"0883-7252","type":"print"},{"value":"1099-1255","type":"electronic"}],"subject":[],"published":{"date-parts":[[2006,9]]}}}