cfb {UsingR}R Documentation

Bootstrap sample from the Survey of Consumer Finances

Description

A bootstrap sample from the “Survey of Consumer Finances”.

Usage

data(cfb)

Format

A data frame with 1000 observations on the following 14 variables.

WGT
Weights to comensate for undersampling. Not applicable
AGE
Age of participants
EDUC
Education level (number of years) of participant
INCOME
Income in year 2001 of participant
CHECKING
Amount in checking account for participant
SAVING
Amount in savings accounts
NMMF
Total directly-held mutual funds
STOCKS
Amount held in stocks
FIN
Total financial assets
VEHIC
Value of all vehicles (includes autos, motor homes, RVs, airplanes, boats)
HOMEEQ
Total home equity
OTHNFIN
Other financial assets
DEBT
Total debt
NETWORTH
Total net worth

Details

The SCF dataset is a comprehensive survey of consumer finances sponsored by the United States Federal Reserve, http://www.federalreserve.gov/pubs/oss/oss2/2001/scf2001home.html.

The data is oversampled to compensate for low response in the upper brackets. To compensate, weights are assigned. By bootstrapping the data with the weights, we get a “better” version of a random sample from the population.

Source

http://www.federalreserve.gov/pubs/oss/oss2/2001/scf2001home.html

Examples

data(cfb)
attach(cfb)
mean(INCOME)

[Package UsingR version 0.1-12 Index]