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Consumer Durables and Installment Debt: A Study of American Households, 1967-1970

Version
v1
Resource Type
Dataset : survey data
Creator
  • Hendricks, Gary
  • Youmans, Kenwood C.
Other Title
  • Version 1 (Subtitle)
Publication Date
1984-05-11
Funding Reference
  • Ford Foundation
Language
English
Free Keywords
consumer attitudes; consumer behavior; consumer expenditures; credit; credit card debt; durable goods; economic behavior; economic trends; family relations; financial assets; financial management; financial policy; household budgets; household expenditures; household income; investments; optimism; personal debt; satisfaction; savings; social attitudes
Description
  • Abstract

    This four-year panel study investigated two interrelated aspects of consumer behavior: expenditures on major consumer durable goods and the use of installment credit. Over the course of four years, the study examined trends in these two important characteristics of households, factors underlying these trends, and elements that could alter their relationships. In each of the four panel interviews, detailed questions were asked regarding the family income, purchases of durables, and level of financial debt. The extent of the family's holdings of financial assets including houses, amounts in savings and checking accounts, value of stocks and bonds, etc., was also ascertained. Information was collected on stocks of consumer durables owned at the time of the first interview, and initial stocks of automobiles and subsequent changes in them. Extensive data were gathered on attitudes toward the use of various financial instruments (particularly installment debt), the level of the family's satisfaction with its current assets, and the family's subjective analysis of its past financial progress and future prospects. A total of 1,434 families completed all four interviews. The four-year merged data are available in two versions: Part 1 contains all the family data including information on the first car, usually the newest, owned at the time of each interview. Part 2 comprises all of the variables in Part 1, as well as approximately 400 additional variables that provide information about each car (up to three) owned by panel families at the time of each interview during the four-year period.
  • Table of Contents

    Datasets:

    • DS0: Study-Level Files
    • DS1: Family Unit
    • DS2: Family-Car Unit
Temporal Coverage
  • 1967 / 1970
    Time period: 1967--1970
  • 1967 / 1970
    Collection date: 1967--1970
Geographic Coverage
  • United States
Sampled Universe
Households in the United States.
Sampling
National probability sample.
Note
2006-01-18 File CB7497.PDF was removed from any previous datasets and flagged as a study-level file, so that it will accompany all downloads. Funding insitution(s): Ford Foundation.
Availability
Download
This study is freely available to ICPSR member institutions via web download.
Alternative Identifiers
  • 7497 (Type: ICPSR Study Number)
Publications
  • Lam, Pok-Sang. Permanent Income, Liquidity, and Adjustments of Automobile Stocks: Evidence From Panel Data. Quarterly Journal of Economics.106, (1), 203-230.1991.
    • ID: http://www.jstor.org/stable/2937913 (URL)
  • Bernanke, Ben S.. Permanent Income, Liquidity, and Expenditure on Automobiles: Evidence From Panel Data. Quarterly Journal of Economics.99, (3), 587-614.1984.
    • ID: http://www.jstor.org/stable/1885966 (URL)
  • Hendricks, Gary, Youmans, Kenwood C., Keller, Janet. Consumer Durables and Installment Debt: A Study of American Households. Ann Arbor: Survey Research Center, Instititute for Social Research, University of Michigan. 1973.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Hendricks, Gary; Youmans, Kenwood C. (1984): Consumer Durables and Installment Debt: A Study of American Households, 1967-1970. Version 1. Version: v1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/ICPSR07497.v1