Are there weights available in CPS data to determine income percentiles by geographic region (i.e. by state)?


#1

Overall I am interested in identifying 1) the number of individuals/households and 2) the amount of aggregate income/wealth of such individuals within each state in the U.S. that satisfy the definition of an Accredited Investor. In effect, I should be able to do this by calculating the within state income/wealth percentile that satisfies the definition of an accredited investor.

I have done this at the national level using the Survey of Consumer Finances data from the Fed, but I will like to complete similar analysis on a cross-section of the U.S. states.


#2

IPUMS CPS has several sampling weight variables that each should allow you to calculate representative statistics at the state level. It sounds like you’ll be using data from ASEC samples. If so, and you are performing individual-level analysis then you should use WTSUPP. If you are performing household-level analysis then you should use HWTSUPP.

I hope this is helpful. Let us know if you have any additional questions.