Catalog of Holdings

Study Report

Study Number: CA-037-001-2-1-United States-ICPSR-1983

Subject Area: Economic Attitudes and Behavior

Bibliographic Citation: Survey of consumer finances, 1983.  [machine-readable data file] / U.S. Federal Reserve System  [principal investigator(s)] / Ann Arbor, MI: Inter-university Consortium for Political and Social Research  [distributor].

Originating Archive Number: 9751

Access Status: Access limited to UW-Madison campus

Documentation: Hard copy codebook.

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. SERIES.NAME = SURVEYS OF CONSUMER FINANCES, 1947-1971, 1977, 1983

SOURCE: personal interviews

UNIVERSE: National cross-section of dwelling units (exclusive of institutional quarters) representing the total population of the 48 contiguous United States.

SAMPLE: 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.

NOTE: The SPSS and SAS Control Cards provided with this collection are incomplete. Only SAS Input Statements and SPSS Data Lists are supplied.

EXTENT OF COLLECTION: 2 data files + SAS Control Cards + SPSS Control Cards + data collection instrument.

DATA TYPE: survey data

DATA FORMAT: LRECL with SPSS and SAS Control Cards

TIME PERIOD: 1982-1983

DATE OF COLLECTION: February 1983-August 1983

FUNDING AGENCY: Department of Health and Human Services, Department of the Treasury. Office of Tax Analysis, Federal Trade Commission, Department of Labor, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation.

EXTENT OF PROCESSING BY ICPSR: BLANKS/ CONCHK.PR/ UNDOCCHK.PR

RELATED PUBLICATIONS:

Avery, Robert B., and Gregory E. Elliehausen. ''1983 Survey of Consumer Finances: Technical Manual and Codebook.'' Board of Governors of the Federal Reserve System, 1985. Avery, Robert B., Gregory E. Elliehausen, Glenn B. Canner, and Thomas A. Gustafson. ''1983 Survey of Consumer Finances.'' FEDERAL RESERVE BULLETIN 70 (September 1984), 679-692. Avery, Robert B., Gregory E. Elliehausen, and Arthur B. Kennickell. ''Measuring Wealth With Survey Data: An Evaluation of the 1983 Survey of Consumer Finances.'' REVIEW OF INCOME AND WEALTH (March 1989).

Media/File Reports:

ICPSR Direct