APC and Wealth-to-Income Ratio, APC. Jonathan Fisher et al. rsf 2016;2:44-58 Copyright © 2016 by Russell Sage Foundation. All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Reproduction by the United States Government in whole or in part is permitted for any purpose. The views expressed in this research, including those related to statistical, methodological, technical, or operational issues, are solely those of the authors and do not necessarily reflect the official positions or policies of the Federal Reserve Board of Governors, Bremen International Graduate School of Social Sciences (BIGSSS), Stanford University, University of Michigan or the University of Wisconsin-Madison. The authors thank the Russell Sage Foundation and the Washington Center for Economic Growth for their support. All errors of commission and omission are the responsibility of the authors alone. Direct correspondence to: David Johnson at johnsods@umich.edu, 426 Thompson St., Room 3234, Ann Arbor, MI 48106; Jonathan Fisher at jdfisher@stanford.edu; Jonathan P. Latner at jonlatner@gmail.com; Timothy Smeeding at smeeding@lafollette.wisc.edu; and Jeffrey Thompson at Jeffrey.p.thompson@frb.gov.