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Abstract:
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Starting in the fall of 2013, the Federal Reserve Board of Governors has conducted the Survey of Household Economics and Decisionmaking (SHED), which collects information on a range of economic well-being metrics - such as student loan data or savings rates - as well as subjective information on the underlying motivations behind economic decisions - such as why those who dropped out of college did not continue their education. The survey consists of repeated cross sections, but approximately 1/3 of respondents are re-interviewed the following year, which allows the survey to track some respondents longitudinally from one year to the next. This 2015 survey had 5,642 respondents, who completed the survey in approximately 20 minutes (median time). Respondents included fresh, re-interviewed, and an oversample of lower-income individuals defined as having a household income under $40,000 per year who are not included in the initial sample of re-interviewed respondents or fresh respondents. This oversample improves the precision of estimates and allows for a sufficient sample size to reliably compare results for certain questions of interest across segments of the population.
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