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Survey of Consumer Finances, 1983

Version
v1
Resource Type
Dataset : survey data
Creator
  • Avery, Robert B.
  • Elliehausen, Gregory E.
  • University of Michigan. Survey Research Center. Economic Behavior Program
  • Board of Governors of the Federal Reserve System
Other Title
  • Version 1 (Subtitle)
Collective Title
  • Survey of Consumer Finances Series
Publication Date
1992-10-31
Funding Reference
  • United States Department of Health and Human Services
  • United States Department of the Treasury. Office of Tax Analysis
  • Federal Trade Commission
  • United States Department of Labor
  • United States Department of the Treasury. Office of the Comptroller of the Currency
  • Federal Deposit Insurance Corporation
Language
English
Free Keywords
consumer attitudes; consumer protection; credit; debt; financial assets; household budgets; job history; loans; pension plans
Description
  • Abstract

    The focus of this survey was the estimation of the debt obligations and asset holdings of a nationally representative sample of American families, and their use of financial institutions. A complete, detailed inventory of household assets and debts including businesses, pensions, properties, and financial transactions was collected along with demographic data and a comprehensive work history for primary family members. In addition to recording data on the economic assets and liabilities of 4,103 families, the survey examined the attitudes of consumers toward credit use, their reactions to new financial instruments and to consumer credit regulations, and their knowledge of consumer pension rights and benefits. Data on reasons for various financial choices and attitudes toward financial risk and liquidity were also collected. Information that permits estimation of pension and Social Security wealth was gathered as well. Data for this collection exist in two versions: raw data prepared by the University of Michigan's Survey Research Center and recoded data, prepared by the Federal Reserve Board. The latter file was produced by the Federal Reserve Board using a series of consistency checks and imputation procedures to edit the raw data and estimate values for missing data. Additional weights were constructed and included in the recoded data file. New variables were also constructed directly from original variables and, in addition, were created by matching information from other sources such as the U.S. Census.
  • Table of Contents

    Datasets:

    • DS0: Study-Level Files
    • DS1: Raw Data
    • DS2: Recoded Data
    • DS3: SAS Input Statement for Raw Data
    • DS4: SAS Input Statement for Recoded Data
Temporal Coverage
  • 1982 / 1983
    Time period: 1982--1983
  • 1983-02 / 1983-08
    Collection date: 1983-02--1983-08
Geographic Coverage
  • United States
Sampled Universe
National cross-section of dwelling units (exclusive of institutional quarters) representing the total population of the 48 contiguous United States.
Sampling
The survey sample of 3,824 randomly selected households in the United States was drawn using a controlled selection by state and degree of urbanization that resulted in a more geographically balanced sample and increased precision of sample estimates relative to a more conventional random design. A supplemental sample of 438 high-income households was drawn from 1980 federal income tax returns created by the Statistics of Income Division of the Internal Revenue Service from the same primary areas that were selected for the area probability sample. A special procedure utilizing the office of the Comptroller of the Currency was used to ensure the anonymity of the respondents. The total sample consisted of 4,262 household respondents. However, 159 sample observations were excluded due to significant missing information, yielding a net 4,103 cases. The same questionnaire was used for both subsets of respondents.
Collection Mode
  • The SPSS and SAS Control Cards provided with this collection are incomplete. Only SAS Input Statements and SPSS Data Lists are supplied.

Note
2006-01-18 File CB9751.ALL.PDF was removed from any previous datasets and flagged as a study-level file, so that it will accompany all downloads. Funding insitution(s): United States Department of Health and Human Services. United States Department of the Treasury. Office of Tax Analysis. Federal Trade Commission. United States Department of Labor. United States Department of the Treasury. Office of the Comptroller of the Currency. Federal Deposit Insurance Corporation.
Availability
Download
This study is freely available to ICPSR member institutions via web download.
Alternative Identifiers
  • 9751 (Type: ICPSR Study Number)
Publications
  • Bosworth, Barry. Why Don't Americans Save?. CRR WP 2004-25, Chestnut Hill, MA: Center for Retirement Research at Boston College. 2004.
    • ID: http://www.bc.edu/centers/crr/papers/wp_2004-26.pdf (URL)
  • Engen, Eric M., Gale, William G., Uccello, Cori E.. The Adequacy of Household Saving. CRR WP 2000-01, Chestnut Hill, MA: Center for Retirment Research at Boston College. 2000.
    • ID: http://www.bc.edu/centers/crr/papers/wp_2000-01.pdf (URL)
  • Engen, Eric M., Gale, William G., Uccello, Cori E.. The Adequacy of Household Saving. Brookings Papers on Economic Activity.(2), 65-187.1999.
    • ID: http://www.jstor.org/stable/2534679 (URL)
  • Wolff, Edward N.. Recent trends in the size distribution of household wealth. Journal of Economic Perspectives.12, (3), 131-150.1998.
    • ID: 10.1257/jep.12.3.131 (DOI)
  • Anderson, Patricia M., Gustman, Alan L., Steinmeier, Thomas L.. Trends in Male Labor Force Participation and Retirement: Some Evidence on the Role of Pensions and Social Security in the 1970's and 1980's. NBER Working Paper Series.6208, Cambridge, MA: National Bureau of Economic Research. 1997.
    • ID: http://papers.nber.org/papers/w6208.pdf (URL)
  • Benedict, Mary Ellen, Shaw, Kathryn. The impact of pension benefits on the distribution of earned income. Industrial and Labor Relations Review.48, (4), 740-757.1995.
    • ID: http://www.jstor.org/stable/2524354 (URL)
  • Curme, Michael A., Even, William E.. Pension coverage and borrowing constraints. Journal of Human Resources.30, (4), 701-712.1995.
    • ID: http://www.jstor.org/stable/146228 (URL)
  • Gustman, Alan L., Steinmeier, Thomas L.. Employer-provided health insurance and retirement behavior. Industrial and Labor Relations Review.48, (1), 124 -1994.
    • ID: http://www.jstor.org/stable/2524630 (URL)
  • Kennickell, Arthur, Shack-Marquez, Janice. Changes in Family Finances from 1983 to 1989: Evidence from the Survey of Consumer Finances. Federal Reserve Bulletin.78, (1), 1-18.1992.
  • Bosworth, Barry, Burtless, Gary, Sabelhaus, John. The Decline in Saving: Some Microeconomic Evidence. Brookings Papers on Economic Activity.1, 183-241.1991.
    • ID: http://www.jstor.org/stable/2534640 (URL)
  • Juster, F. Thomas, Kuester, Kathleen A.. Differences in the Measurement of Wealth, Wealth Inequality and Wealth Composition Obtained from Alternative U.S. Wealth Surveys. Review of Income and Wealth.37, (1), 33-62.1991.
    • ID: 10.1111/j.1475-4991.1991.tb00337.x (DOI)
  • Juster, F. Thomas, Kuester, Kathleen A.. Differences in the Measurement of Wealth, Wealth Inequality, and Wealth Composition Obtained from Alternative U.S. Wealth Surveys. Finance and Economics Discussion Series.116, Board of Governors of the Federal Reserve Syste. 1990.
  • Avery, Robert B., Elliehausen, Gregory E., Kennickell, Arthur B.. Measuring wealth with survey data: An evaluation of the 1983 Survey of Consumer Finances. Review of Income and Wealth.34, (4), 339-369.1988.
    • ID: 10.1111/j.1475-4991.1988.tb00575.x (DOI)
  • Avery, Robert B., Elliehausen, Gregory E.. 1983 Survey of Consumer Finances: Technical Manual and Codebook. Washington, DC: Governors of the Federal Reserve System. 1985.
  • Avery, Robert B., Elliehausen, Gregory E., Canner, Glenn B., Gustafson, Thomas A.. 1983 Survey of Consumer Finances. Federal Reserve Bulletin.70, 679-692.1984.

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

Avery, Robert B.; Elliehausen, Gregory E.; University of Michigan. Survey Research Center. Economic Behavior Program; Board of Governors of the Federal Reserve System (1992): Survey of Consumer Finances, 1983. Version 1. Survey of Consumer Finances Series. Version: v1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/ICPSR09751.v1