Showing 1 – 6 of 6 results.
Self-published
ECIN Replication Package for "Idiosyncratic Asset Return and Wage Risk of US Households" (ICPSR 208346)
Released/updated on: 2024-11-26
Geographic coverage: United States
Time period: 1998-01-01--2018-01-01
This is the replication package for the article "Idiosyncratic Asset Return and Wage Risk of US Households" in Economic Inquiry. Abstract: This paper documents the degree of idiosyncratic asset return heterogeneity, serial correlation, and correlation with wage heterogeneity for US households. Novel panel-data measurements for returns on household assets are proposed. Sizeable transitory idiosyncratic return heterogeneity is documented to exist concurrently with permanent heterogeneity in household-specific returns. On average, idiosyncratic permanent risk to wages and transitory risk to total asset returns are correlated. This arises primarily from correlated wage and return risk to primary housing assets, and is dependent on age and wealth. The estimates inform the covariance structure of idiosyncratic asset return and wage heterogeneity.
Curated
Economic Behavior of the Affluent, 1964 (ICPSR 7429)
Released/updated on: 2010-03-02
This study investigated high-income individuals in their roles as investors and workers. Questions were asked about savings objectives and investment policies, trust fund ownership, delegation of investment management, sources of information on investing, kinds of assets held, reasons for choosing particular assets, gifts and inheritances received, philanthropic giving and gifts to relatives, and capital gains and losses. Respondents' acquisition, handling, and expected disposition of assets were also explored, along with factors affecting portfolio decisions and the work effort of heads of households and their spouses. Finally, information was collected on occupation and work experience of both family head and spouse, family income and income patterns, and taxes and tax considerations, as well as structure and social characteristics of the family. Demographic data on respondents include sex, race, year of birth, marital status, number of dependents, level of education, religious preference, and political identification.
Curated
Patterns of Family Change, 1960 (ICPSR 7436)
Released/updated on: 2006-01-18
Geographic coverage: United States
This study closely examined the distribution and redistribution of family income in the United States as well as family attitudes, histories, and motivations that might predict income. Data were collected on a wide range of demographic, economic, sociological, and psychological factors that affect the economic position of the family. These factors included information on present occupation and job history, the kinds of communities in which people grew up, type and adequacy of dwelling place, personality measures, religious preferences, political affiliation, family history, and data on the actions and decisions of family members. A long series of questions was asked about the educational level achieved by adults in the family and about parents' aspirations and plans for the educational and occupational attainment of their children. Also included were measures of geographic mobility, physical disabilities, labor force participation of wives, attitudes toward hard work, and achievement motivations, as well as demographic characteristics such as sex, age, and race. Detailed data were collected on three major components of family income: earnings, investments, and transfer payments. The study utilized a sample designed to provide reliable data on both low-income families and respondents with middle and high incomes for purposes of comparison. Interviews were taken with 2,997 spending units in 2,800 families comprising 3,396 adult units. The data can be analyzed using three different units: the adult unit (Part 1), in which adults were treated individually even if they did not keep separate finances, the family unit (Part 2), and the spending unit (Part 3).
Curated
Simple Crosstabs
Survey of Consumer Attitudes and Behavior, August 2007 (ICPSR 35400)
Released/updated on: 2016-01-18
Geographic coverage: United States
Time period: 2007-07-01--2007-08-01
The Survey of Consumer Attitudes and Behavior series (also known as the Surveys of Consumers) was undertaken to measure changes in consumer attitudes and expectations, to understand why such changes occur, and to evaluate how they relate to consumer decisions to save, borrow, or make discretionary purchases. The data regularly include the Index of Consumer Sentiment, the Index of Current Economic Conditions, and the Index of Consumer Expectations. Since the 1940s, these surveys have been produced quarterly through 1977 and monthly thereafter. The surveys conducted in 2007 focused on topics such as evaluations and expectations about personal finances, employment, price changes, and the national business situation. Opinions were collected regarding respondents' appraisals of present market conditions for purchasing houses, automobiles, and other durables. Also explored in this survey were respondents' types of savings and financial investments, loan use, family income, and retirement planning. Other topics in this series typically include ownership, lease, and use of automobiles, and respondents' familiarity with and use of the Internet. Demographic information include ethnic origin, sex, age, marital status, and education.
Curated
Simple Crosstabs
US Census Firm Concentration Data, 1972-2012 (ICPSR 37961)
Released/updated on: 2021-08-26
Geographic coverage: United States
Time period: 1972-01-01--2012-01-01
Since the passing of the 1953 Title 13 U.S. Code, Congress gave the Census Bureau authority to conduct an economic census every 5 years on years that end in a 2 or 7. This code mandated that all economic firms must provide requested information, and it required the Bureau to maintain the confidentiality of the individual records. Respondents are asked to provide a range of operational and performance data for their companies.
This collection is compiled from publicly available U.S. Census Bureau data and publications. This data comes from a mix of digitized paper documents, CD-ROMs/Floppy discs, now-discontinued FTP servers, and the US Census Bureau website. However, this data is not a complete sample of the US economic census. This collection has variables related to the type of establishment, year, business sector, payroll, number of employees, number of firms, and shipments. Some inquiries apply to some industries but not others, such as materials consumed and franchising
Curated
Why Are Stock Market Returns Correlated with Future Economic Activity? (ICPSR 1261)
Released/updated on: 2002-08-13
Stock price, because it is a forward-looking variable, forecasts economic activities. An unexpected increase in stock price reflects that (1) future dividend growth is higher and/or (2) future discount rates are lower than previously anticipated. Therefore, the increase predicts higher output and investment. As well, other studies argue for an important relation between the expected stock market return and investment. In this paper, the author analyses the relative importance of these mechanisms by using Campbell and Shiller's (1988) method to decompose stock market return into three parts: expected return, a shock to the expected future return, and a shock to the expected future dividend growth. Contrary to the conventional wisdom, the author finds that dividend shocks are a rather weak predictor for future economic activities. Moreover, the expected return and shocks to the expected future return display different predictive patterns. The results shown here, collectively, explain why the forecasting power of stock market return is rather limited.