Survey of Consumer Finances, 1983 (ICPSR 9751)
Published: Jan 18, 2006
Principal Investigator(s):
University of Michigan. Survey Research Center. Economic Behavior Program;
Robert B. Avery;
Gregory E. Elliehausen;
Board of Governors of the Federal Reserve System
Series:
https://doi.org/10.3886/ICPSR09751.v1
Version V1
Summary
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.
Citation
Export Citation:
Funding
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
Subject Terms
Geographic Coverage
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.
Universe
National cross-section of dwelling units (exclusive of institutional quarters) representing the total population of the 48 contiguous United States.
Data Source
personal interviews
survey data
Notes
Data in this collection are available only to users at ICPSR member institutions.
- The citation of this study may have changed due to the new version control system that has been implemented.
This study is provided by ICPSR. ICPSR provides leadership and training in data access, curation, and methods of analysis for a diverse and expanding social science research community.