Multiple Imputation in the 1992 Survey of Consumer Finances

8 Pages Posted: 16 Jul 2014

Abstract

The 1992 Survey of Consumer Finances consisted of five complete data sets because missing data are multiply imputed. The incidence of missing data in the 1992 SCF is addressed and illustrates the difficulty of obtaining financial information from individuals. The value of using all five data sets and the risk of using only a single data set in empirical research are explained. Estimates derived separately from each data set are compared to results using all five data sets to illustrate the extra variability in the data due to imputation. Researchers are encouraged to use information from all five data sets in order to make valid inferences.

Keywords: inference, missing data, multiple imputation, repeated-imputation inference (RII), Survey of Consumer Finances

Suggested Citation

Montalto, Catherine Phillips and Sung, Jaimie, Multiple Imputation in the 1992 Survey of Consumer Finances. Journal of Financial Counseling and Planning, 7, 1996, Available at SSRN: https://ssrn.com/abstract=2466498

Catherine Phillips Montalto (Contact Author)

Ohio State University (OSU)

Blankenship Hall-2010
901 Woody Hayes Drive
Columbus, OH OH 43210
United States

Jaimie Sung

Independent ( email )

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