FACTORS ASSOCIATED WITH INCOME VARIABILITY,
RAND CORP SANTA MONICA CALIF
Pagination or Media Count:
Two recent theories of consumer saving have been based on the assertion that a familys income in a given year, as reported in a cross-section survey, is not the relevant income for explaining its saving behavior. Rather, its income over some longer period of time should be considered. Inasmuch as surveys relying on respondents recall of income changes from previous years appear to be greatly affected by memory errors, some type of reinterview procedure is necessary. Such a reinterview study was carried out by the Survey Research Center over the years 1954-56, under a grant from the Ford Foundation. A representative cross section of the urban population of the United States was interviewed in June of 1954, and reinterviewed in December of 1954, June of 1955, December of 1955, and March of 1957.