Assets and Debts in a Consumer Portfolio

Data from the 1977-78 Survey of Consumer Credit provide the opportunity to estimate demand functions for owned housing, home mortgages, car stocks, car debts, and other debts in the context of a portfolio model with both own‐ and cross‐partial adjustments. Consequently, information is gained as to h...

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Bibliographic Details
Published in:The Journal of consumer affairs 1986, Vol.20 (1), p.19-35
Main Author: BRYANT, W. KEITH
Format: Article
Language:English
Subjects:
Adjustment
Asset income
Assets
automobiles
Blacks
capital accounts
Coefficients
Consumer behavior
Consumer credit
Consumers
credit
Debt
debt to asset ratios
demand functions
Durable goods
econometric models
Economic conditions
estimation
Family income
Family size
females
heads of families
homeowners
Homes
household expenditure
household income
Households
Housing
Income
Investigations
life cycle (organisms)
Marital status
marriage
Mortgage loans
Mortgages
parental absence
Personal debt
Polls & surveys
Spouses
Statistical analysis
Studies
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Description
Summary:Data from the 1977-78 Survey of Consumer Credit provide the opportunity to estimate demand functions for owned housing, home mortgages, car stocks, car debts, and other debts in the context of a portfolio model with both own‐ and cross‐partial adjustments. Consequently, information is gained as to how households adjust their demands for owned housing, mortgage, car stocks, car loans, and other debts in response to disequilibria in their asset and debt portfolio. Married with spouse present, female headed, and black families are studied separately. Income, life‐cycle, and family size effects are estimated as well as the speeds of adjustment to various disequilibria.
ISSN:0022-0078
1745-6606
DOI:10.1111/j.1745-6606.1986.tb00365.x