Affiliations: Board of Governors of the Federal Reserve System (Ret.), Washington, DC 20551, USA. E-mail: [email protected]
Abstract: The 2007 SCF was designed as a continuation of a series of cross-sectional
surveys on the financial condition of U.S. households. In light of the
serious economic downturn that followed that survey, the Federal Reserve
Board decided to pursue a second interview with the survey participants to
understand how the aggregate changes played out across households. Great
care was taken to prepare interviewers to deal with respondents, who would
not have expected an additional contact and some of whom had earlier
expressed a strong desire never to be bothered again. Ultimately, the survey
achieved a re-interview rate of almost 89 percent and a relatively low item
nonresponse rates for such a complex survey. This paper uses the formal and
informal paradata to examine key factors in survey response. If the
nonrespondents to the re-interview are representative of marginal
respondents in both years, there is an advantage in studying the group,
because so much is known about them from their earlier interview and the
process of obtaining that interview.