Traci Mach and Arthur Kennickell at the Federal Reserve Board of Governors were nice enough to share with me a memo documenting the final questions that will be used on the 2010 Survey of Consumer Finance related to their expanded coverage of households with members who business owners. I've posted before on this topic, specifically pointing to a 2008 paper that Traci and Arthur did on this subject and a more recent report after visiting Traci and Arthur which is what actually led to this memo. Their memo is a nice complement to conference presentation from 2008 and gives us insight into some areas where their cognitive testing of the questions led to changes in proposed questions.
While their memo speaks for itself, this is a blog and as such I can't resist sharing some of my reactions:
The SCF has tried admirably to expand into covering more on business ownership but the U.S. needs a separate survey focused on business financing to adequately address this complicated but important topic.
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