| 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, https://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
https://www.federalreserve.gov/pubs/oss/oss2/2001/scf2001home.html
Examples
data(cfb)
attach(cfb)
mean(INCOME)