Tag: Current Population Survey (CPS)
Pretty well, actually – with the exception of the Current Population Survey (CPS). A 2017 paper by Adam Bee and Joshua Mitchell re-documented that the Census Bureau’s Current Population Survey (CPS) understates retirement income, renewing concern around the accuracy of income measurements in the CPS. Some have wondered if this problem applies to retirement incom…
Abstract Recent research by Bee and Mitchell (2017) has refocused attention on the fact that the Current Population Survey (CPS) underestimates retirement income. In the wake of this study, some observers have questioned whether other surveys more frequently used by retirement researchers also understate retirement income and, if so, whether prior research suggesting that many…