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From page 53... ... THE SUITABILITY OF CPS AND SIPP FOR INTEGRATED MODELING OF TAXES AND TRANSFERS This chapter has focused largely on the requirements for modeling income support programs. More investigation would be needed to assess the comparative advantages of CPS and SIPP for models of taxes, retirement income, and health care utilization and financing and to consider the optimal roles for the Census Bureau and the models in generating suitable databases for these policy areas. Read the entire page →
From page 54... ... Reporting of assets and asset income in SIPP, and the detail collected, are generally better than or at least as good as those in other household surveys; however, as noted above, nonresponse rates for these items remain high. Also, the operational difficulties that SIPP experienced in its start-up years have led the Census Bureau to strive to focus the survey on key goals. Read the entire page →
From page 55... ... Census Bureau staff have begun to think that their goal might better include publishing the best income series based on all available data sources, and they have sketched out a research program to accomplish this goal.22 In broad outline, the project would involve using administrative records and other sources to assess the extent and nature of nonsampling errors, such as underreporting and misreporting, in the March CPS and SIPP income data, including earnings and property income as well as sources of transfer income. There would then be an attempt to adjust the SIPP data through some sort of multivariate imputation or weighting technique. Read the entire page →

From page 53...

... THE SUITABILITY OF CPS AND SIPP FOR INTEGRATED MODELING OF TAXES AND TRANSFERS This chapter has focused largely on the requirements for modeling income support programs. More investigation would be needed to assess the comparative advantages of CPS and SIPP for models of taxes, retirement income, and health care utilization and financing and to consider the optimal roles for the Census Bureau and the models in generating suitable databases for these policy areas.

Read the entire page →

From page 54...

... Reporting of assets and asset income in SIPP, and the detail collected, are generally better than or at least as good as those in other household surveys; however, as noted above, nonresponse rates for these items remain high. Also, the operational difficulties that SIPP experienced in its start-up years have led the Census Bureau to strive to focus the survey on key goals.

Read the entire page →

From page 55...

... Census Bureau staff have begun to think that their goal might better include publishing the best income series based on all available data sources, and they have sketched out a research program to accomplish this goal.22 In broad outline, the project would involve using administrative records and other sources to assess the extent and nature of nonsampling errors, such as underreporting and misreporting, in the March CPS and SIPP income data, including earnings and property income as well as sources of transfer income. There would then be an attempt to adjust the SIPP data through some sort of multivariate imputation or weighting technique.

Read the entire page →

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