Handouts for Economics 742

November 6:  Paper for Problem Set #3 Referee Report

October 23:  A picture of capital gains taxes and realizations

October 16:  Learn about wealth holdings of U.S. households (and the 2004 SCF)

October 4:  The inverse hyperbolic sine (thanks to Karen Pence)

September 25:  Problem Set #1, New York Times editorial, SCF ascii extract, Econ742.dta

The ascii file for the 2001 SCF extract was created with the command:

outfile scfwt2 scfwt checking saving mmda mmmf mma call liq cds stmutf
tfbmutf gbmutf obmutf comutf nmmf stocks notxbnd mortbnd govtbnd obnd
bond irakh x4234 x4334 x4434 x4834 x4934 x5034 thrift peneq futpen retqliq
savbnd cashli annuit trusts othma othfin fin vehic houses oresre nnresre bus
othnfin nfin nhnfin asset mrthel othloc oresdbt ccbal install odebt debt netw
mortgage homeq ageh ages edh totinc x8020 x102 x108 x114 x120 x126 x132
x202 x208 x214 x220 x5910 using "c:\dfiles\web page\teching_742\2001 ASCII
Data", replace

These variables are defined in this SAS file.  Lastly, the weighted mean and median net worth should be close to $395,531 and $86,100 (the unweighted values should be $6,882,084 and $189,475).

More than you want to know about IRAs is here.

Gale-Scholz

September 13:  Feldstein opinion columns one and two

September 20:  Personal Saving Rates

September 6:  Tax Forms 1040, 1040A, and 1040EZ