Neither HHINCOME nor FTOTVAL nor INCTOT have qualuty flags under the flags tab, even though we know that some values come from actual answers and others from hot-deck imputation or similar proceedures. This seems odd, as these are the variables where I would expect quality to be highly important. Research has indicated that imputed values are not good substitutes for actual values. See, e.g., “Trouble in the Tails? What We Know about Earnings Nonresponse Thirty Years after Lillard, Smith, and Welch” www2.gsu.edu/~ecobth/BHHZ_Trouble-in-the-Tails_6-8-2017.pdf
Is there anything you can tell me about this? Is there, for example, a quality flag for all the income values collectively? Or do the replication weights implicitly incorporate imputation by increasing the relevent varience? Are there quality flags for income in the Basic Monthly or Suppliment studies that would provide some, perhaps indirect, information about the quality of income in the ASEC? Or is there some other information in the ASEC or elswhere in the CPS that someone wishing to assess the quality of the income data should know about?