What's New in This Release: This revision changes the definition of household wealth measures. The household wealth now only includes the wealth of household members who have not claimed the benefit.
The Prospective Social Security Wealth Measures of Pre-Retirees data set consists of respondent-level, cross-sectional files constructed from the employment sections of the HRS 1992 (wave 1), HRS 1998 (wave 4), HRS 2004 (wave 7) and the restricted SSA summary and detailed earnings and benefits files. From these data, we calculate the value of Social Security wealth at different ages (at early retirement age, normal retirement age and age 70). Version 2 of these data offered an improvement in the number of respondents needing SS wealth imputations and the overall imputation strategy. Version 3 offered an improvement in the imputation strategy for household wealth values. Version 3.1 corrected undocumented code frame values for these variables: R1IMPUTE, R4IMPUTE, R7IMPUTE, S1IMPUTE, S4IMPUTE, S7IMPUTE, R1CLAIMED, S1CLAIMED, R4CLAIMED, S4CLAIMED, R7CLAIMED, and S7CLAIMED. Version 4 corrects summation errors in the spouse and household wealth variables. Everything else remains unchanged from Version 3.1.
In response to a request from the Social Security Administration, R1IMPUTE, R4IMPUTE, R7IMPUTE, S1IMPUTE, S4IMPUTE, and S7IMPUTE were removed from version 5 of this file. Researchers who need these variables file should apply for access to the restricted version of this file.
Apr 2022 (Final V6.0)
|Entry Cohort Info|
HRS: Original R born 1931-1941;
1992, 1998, 2004
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