The Household Finance and Consumption Survey (HFCS) is a statistical survey conducted by the Central Statistics Office (CSO) on behalf of the Central Bank of Ireland as part of the

European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important centr ...

(ECB) Household Finance and Consumption Network (HFCN). The HFCS is designed to collect

household A household consists of two or more persons who live in the same dwelling. It may be of a single family or another type of person group. The household is the basic unit of analysis in many social, microeconomic and government models, and is i ...

-level data on households’ finances and consumption, and is required by all

Eurozone The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro ( €) as their primary currency and sole legal tender, and have thus fully implemented EMU polici ...

countries to facilitate comparable data analysis for the Euro area as a whole.

Household Finance and Consumption Survey 2013

The 2013 HFCS study was the first conducted in Ireland, carried out between March and September 2013 with 5,419 respondent households. Results of the 2013 study were released in January 2015 by the Central Statistics Office. Surve
data
is available on the CSO website in PDF format.

Methodology and scope

The 2013 study

sample size Sample size determination is the act of choosing the number of observations or replicates to include in a statistical sample. The sample size is an important feature of any empirical study in which the goal is to make inferences about a populatio ...

consisted of 5,419 respondent households. The survey collected a range of household information from the adults taking the survey, including the following household characteristics at micro level: * demographics * real and financial assets * liabilities * consumption and saving * income and employment * future pension entitlements, intergenerational transfers and gifts * attitudes to risk

Main uses and aims

The HFCS is designed to find out more about household finance and consumption in Ireland. HFCS aims to collect information to help

policy-makers Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an orga ...

respond to a variety of questions concerning:"About HFCS"
Retrieved on 2015-02-14. * Debt and financial pressures * Portfolio choice and demand for assets * Saving, liquidity constraints and the smoothing of consumption * Computational finance

External links

Central Statistics Office

* ttp://www.centralbank.ie/ Central Bank of Ireland

References

{{reflist Economy of the Republic of Ireland Economic data Panel data Household income