An Introduction to the FRBNY Consumer Credit Panel

18 Pages Posted: 3 Dec 2010

See all articles by Donghoon Lee

Donghoon Lee

Federal Reserve Bank of New York; New York University

Wilbert van der Klaauw

Federal Reserve Bank of New York; IZA

Date Written: November 1, 2010

Abstract

In this paper, we introduce the FRBNY Consumer Credit Panel, a new longitudinal database with detailed information on consumer debt and credit. The panel uses a unique sample design and information derived from consumer credit reports to track individuals’ and households’ access to and use of credit at a quarterly frequency. In any given quarter ranging from the first quarter of 1999 to the present, the panel can be used to compute nationally representative estimates of the levels and changes in various aspects of individual and household liabilities. In addition to describing the sample design, the use of sample weights, and the credit report information included in the database, we provide some comparisons of population statistics and consumer debt estimates derived from our panel with those based on data from the American Community Survey and the Flow of Funds Accounts of the United States.

Keywords: Household Credit, Consumer Debt, Mortgage Liabilities, Panel Data

JEL Classification: D14, E01, C83, C82

Suggested Citation

Lee, Donghoon and van der Klaauw, H. Wilbert, An Introduction to the FRBNY Consumer Credit Panel (November 1, 2010). FRB of New York Staff Report No. 479. Available at SSRN: https://ssrn.com/abstract=1719116 or http://dx.doi.org/10.2139/ssrn.1719116

Donghoon Lee (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
212-720-8699 (Phone)
212-720-1844 (Fax)

New York University

NY
United States

H. Wilbert Van der Klaauw

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
212-720-5916 (Phone)
212-720-1844 (Fax)

IZA ( email )

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