LWS - United States 2004 : household file Codebook generated: 2016-06-24 ------------------------------------------------------------------------------------------------------------------------------------------------ IDENTIFIERS ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hid unique unit identifier 22595 1 4526 2264.22 1306.58 did unique country/year number -------------------------------------------------- N value 22595 206 dname country/year identifier -------------------------------------------------- N value 22595 "us04" cname country name -------------------------------------------------- N value 22595 "United States" iso2 2-letter country abbreviation -------------------------------------------------- N value 22595 "us" year reference year -------------------------------------------------- N value 22595 2004 wave data wave -------------------------------------------------------------------------------- N code label 22595 6 Wave VI ------------------------------------------------------------------------------------------------------------------------------------------------ FILE INFORMATION ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hwgt household weight (normalised) 22595 0 6.31 2.21 1.46 hpopwgt household weight (inflated) 22595 4.51 70707.31 24808.4 16331.4 inum implicate number 22595 1 5 3 1.41 svyunit survey unit -------------------------------------------------------------------------------- N code label 22595 2 economic family ------------------------------------------------------------------------------------------------------------------------------------------------ GEOGRAPHICAL CHARACTERISTICS ------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------------------ DWELLING CHARACTERISTICS ------------------------------------------------------------------------------------------------------------------------------------------------ own owned/rented housing -------------------------------------------------------------------------------- N code label 5 100 owned 6425 110 owned outright 9970 120 owned with mortgage 5830 210 rented 365 220 free housing dweltyp type of dwelling -------------------------------------------------------------------------------- N code label 14525 100 house 1270 200 multi-unit residential building 875 310 movable dwelling 5925 . NOTES: 1. [us04] Missings (.) represents those who live in a house/townhouse/apartment and pay rent. ------------------------------------------------------------------------------------------------------------------------------------------------ FARMING CHARACTERISTICS ------------------------------------------------------------------------------------------------------------------------------------------------ farm farm household (dummy) -------------------------------------------------------------------------------- N code label 21995 0 not farm household 600 1 farm household agriland ownership of agricultural land -------------------------------------------------------------------------------- N code label 600 100 owns or rents agricultural land 21995 200 does not own nor rent agricultural land farming farming activity -------------------------------------------------------------------------------- N code label 225 100 runs a farming activity 22370 200 does not run a farming activity ------------------------------------------------------------------------------------------------------------------------------------------------ HOUSEHOLD COMPOSITION ------------------------------------------------------------------------------------------------------------------------------------------------ hhtype household composition -------------------------------------------------------------------------------- N code label 5580 100 one person household 7390 210 couple without children 6840 220 couple with children 1760 230 one parent with children 220 310 couple without children and relatives 230 320 couple with children and relatives 195 330 one parent with children and relatives 205 400 relatives living together (no family nucleus) 25 510 couple without children and nonrelatives 45 520 couple with children and nonrelatives 35 530 one parent with children and nonrelatives 5 610 couple without children and relatives and nonrelatives 5 620 couple with children and relatives and nonrelatives 5 630 one parent with children and relatives and nonrelatives 15 700 relatives and nonrelatives living together (no family nucleus) 40 800 nonrelatives living together hpartner head living with partner -------------------------------------------------------------------------------- N code label 13360 110 married couple 1400 120 non-married cohabiting couple 7835 200 head not living with partner nhhmem number of household members -------------------------------------------------------------------------------- N code label 5580 1 1 hh member 8575 2 2 hh members 3225 3 3 hh members 3045 4 4 hh members 1500 5 5 hh members 510 6 6 hh members 70 7 7 hh members 75 8 8 hh members 5 9 9 hh members 10 10 10 hh members nhhmem65 number of household members 65 or older -------------------------------------------------------------------------------- N code label 17932 0 no hh members 65 or older 2795 1 1 hh member 65 or older 1858 2 2 hh members 65 or older 10 3 3 hh members 65 or older nhhmem17 number of household members 17 or younger -------------------------------------------------------------------------------- N code label 14710 0 no hh members 17 or younger 3140 1 1 hh member 17 or younger 2980 2 2 hh member 17 or younger 1300 3 3 hh member 17 or younger 340 4 4 hh member 17 or younger 65 5 5 hh member 17 or younger 55 6 6 hh member 17 or younger 5 7 7 hh member 17 or younger ------------------------------------------------------------------------------------------------------------------------------------------------ CURRENT INCOME ------------------------------------------------------------------------------------------------------------------------------------------------ NOTES: hiap: 1. [us04] the amounts refer to net income from Social Security or other pensions, annuities, or other disability or retirement programs(IRS form 1040 line number 16a,20a). Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hi total income, household 22560 -312000 107400000 651684 3400000 hil labour income, household 22580 -7e+05 7.5e+07 222635 1500000 hile paid employment income, household 22595 0 7.5e+07 162611 1300000 hils self-employment income, household 22580 -1e+06 3.5e+07 59925.1 767043 hic capital income, household 22575 -634000 107400000 414028 2800000 hicid interest and dividends, household 22595 0 2.5e+07 91375.7 650631 hit transfer income, household 22595 0 9e+06 13892 195268 hits social security transfers, household 22595 0 9e+06 13674.8 195272 hitsi work-related insurance transfers, household 22595 0 9e+06 13446.3 195281 hitsa assistance benefits, household 22595 0 24000 228.52 1281.04 hitp private transfers, household 22595 0 1e+05 217.18 1966.37 hitpih inter-household transfers, household 22595 0 1e+05 217.18 1966.37 hiap total pension income, household 22595 0 9e+06 13214.4 195289 ------------------------------------------------------------------------------------------------------------------------------------------------ WINDFALL INCOME ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hwc windfall capital income, household 22595 -1e+06 31500000 98065 1100000 hwcg capital gains, household 22595 -1e+06 31500000 98065 1100000 ------------------------------------------------------------------------------------------------------------------------------------------------ NON-CONSUMPTION EXPENDITURE ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hxit income taxes and social contributions, household 22595 -2848 36394236 240032 1300000 hxiti income taxes, household 22595 -4891 36394236 230158 1300000 hxits social security contributions, household 22595 0 2185788 9874.22 38826 hxot other taxes, household 22595 0 281000 5008.74 13015.3 hxotp property taxes, household 22595 0 281000 5008.74 13015.3 hxih inter-household transfers paid, household 22595 0 2e+06 9992 66308.1 hxch donations to charity, household 22595 0 17370000 51819.1 511371 ------------------------------------------------------------------------------------------------------------------------------------------------ CONSUMPTION ------------------------------------------------------------------------------------------------------------------------------------------------ NOTES: hcresto: 1. [us04] includes only amounts spend on food delivered to the customer's home as well as eating out. Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hcfood food and non-alcoholic beverages, household 22595 0 96000 6135.22 5074.27 hchous housing and utilities, household 22595 0 144000 2074.67 4886.82 hchousa actual rent, household 22595 0 144000 2074.67 4886.82 hcresto restaurants and hotels, household 3780 0 181200 5663.68 9465.48 ------------------------------------------------------------------------------------------------------------------------------------------------ ASSETS - LIABILITIES TRANSACTIONS ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hts proceeds from sales, household 22595 0 1130000 2605.28 30855.5 htsf sales of financial products, household 22595 0 1130000 2605.28 30855.5 htil inflows from loans, household 22580 0 83520000 112880 1300000 htilm mortgage, household 22595 0 8050000 48308.6 235355 htilo other loans, household 22595 0 83520000 57852.6 1200000 htilr repayments from borrowings, household 22580 0 2.9e+07 7015.26 431619 htp purchases, household 22595 0 12580000 25805 269433 htpr purchases of real estate, household 22595 0 12580000 25805 269433 htol outflows from loans, household 22030 0 16996800 35836.9 345773 htolm mortgage repayments, household 22575 0 4e+05 8969.04 20945.3 htolo other loans repayments, household 22050 0 16996800 27934.5 347336 ------------------------------------------------------------------------------------------------------------------------------------------------ MAJOR AGGREGATES ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- dhi disposable household income 22560 -7142962 71654592 411313 2100000 ------------------------------------------------------------------------------------------------------------------------------------------------ ADDITIONAL INFORMATION ------------------------------------------------------------------------------------------------------------------------------------------------ currency currency units -------------------------------------------------------------------------------- N code label 22595 840 USD - US Dollar Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- deflator deflation factor 22595 1 1 1 0 grossnet gross/net income information -------------------------------------------------------------------------------- N code label 22595 120 gross, taxes and contributions imputed ------------------------------------------------------------------------------------------------------------------------------------------------ ASSETS ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- han non-financial assets 22595 0 633800000 5900000 3e+07 hanr real estate 22595 0 5.7e+08 1900000 1.3e+07 hanrp principal residence 22595 0 32400000 631351 1600000 hanro other real estate 22595 0 566400000 1300000 1.3e+07 hann non-housing assets 22595 0 630400000 4e+06 2.5e+07 hannb business equity 22595 -2000 630400000 3700000 2.4e+07 hannc consumer goods 22595 0 2.5e+08 271230 4500000 hanncv vehicles 22595 0 63198000 101416 1300000 hanncd other durables and valuables 22595 0 2.5e+08 169814 4300000 hanno other non-financial assets 22595 0 24830000 13006.4 403909 haf financial assets (excluding pensions) 22595 0 647100000 3700000 2e+07 hafc deposit accounts and cash 22595 0 47005900 308659 1800000 hafi financial investments 22595 0 6.43e+08 3300000 1.8e+07 hafib bonds and other debt securities 22595 0 4.05e+08 610309 7e+06 hafis stocks and other equity 22595 0 274700000 1800000 1.2e+07 hafii investment funds and alternative investments 22595 0 200200000 856021 6900000 hafo other non-pension financial assets 22595 0 160400000 130132 3e+06 hasi life insurance and voluntary individual pensions 22595 0 38500000 252415 1100000 hasil life insurance accounts 22595 0 8e+06 47340.4 358768 hasip individual voluntary pension accounts 22595 0 38500000 205074 1e+06 hasodc occupational pensions (DC schemes) 22595 0 12610000 44024.7 267742 ------------------------------------------------------------------------------------------------------------------------------------------------ LIABILITIES ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hl total liabilities 22595 0 43117000 238699 1200000 hlr real estate liabilities 22595 0 30329000 146148 637815 hlrp principal residence loans 22595 0 12530000 100327 358155 hlro other real estate loans 22595 0 29430000 45821.4 452701 hln non-housing liabilities 22595 0 3e+07 92551 845969 hlni investment loans 22595 0 17500000 42849.9 511407 hlnc consumer goods loans 22595 0 3e+07 42790.6 578269 hlncv vehicle loans 22595 0 3e+07 21660.7 487410 hlncd other loans for goods and consumption 22595 0 13966700 21129.9 302837 hlne education loans 22595 0 230000 1944.07 9893.92 hlno other non-housing liabilities 22595 0 4200000 4966.44 108142 hlsr institutional loans secured by real estate 22595 0 30329000 159126 638099 hlsrp secured by principal residence 22595 0 10600000 113304 345240 hlsro secured by other real estate 22595 0 29430000 45821.4 452701 hlsn loans not secured by real estate 22595 0 1e+08 264756 2700000 hlsng guaranteed institutional loans 22595 0 1e+08 220495 2600000 hlsnn non-guaranteed institutional loans 22595 0 4200000 7808.3 109240 hlsni informal (non-institutional) loans 22595 0 12530000 4299.3 188718 ------------------------------------------------------------------------------------------------------------------------------------------------ HOUSEHOLD NET WORTH ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- dnw disposable net worth 22595 -455390 715800000 9400000 4.1e+07 anw adjusted disposable net worth 22595 -455390 716100000 9600000 4.1e+07 ------------------------------------------------------------------------------------------------------------------------------------------------ CONTINGENT ASSETS, LIABILITIES AND RELATED VARIABLES ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- cir expects to receive inheritance/gift 22595 0 1 0.16 0.36 cia1 amount of expected inheritance/gift,(1) 22595 0 906100000 446314 1.4e+07 cig expects to give inheritance/gift 22595 0 2 0.84 0.73 chc home equity line of credit (dummy) 22595 0 1 0.15 0.35 cha amount of home equity line of credit 22595 0 7500000 21488.4 182309 cnc non-home equity lines of credit (dummy) 22595 0 1 0.05 0.22 cna amount of non-home equity lines of credit 22594 0 25800000 31058.8 585573 ------------------------------------------------------------------------------------------------------------------------------------------------ ASSETS ACQUIRED IN THE PAST AND RELATED VARIABLES ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- ppr purchase price of principal residence 22595 0 18950000 293557 804686 ppy year of purchase of principal residence 16395 1944 2004 1991.07 11.72 pir inheritance/gift received (dummy) -------------------------------------------------------------------------------- N code label 17509 0 did not receive inheritance/gift 5086 1 received inheritance/gift Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- pia1 amount of inheritance/gift received,(1) 22595 0 3e+08 227611 5200000 pia2 amount of inheritance/gift received,(2) 22595 0 5e+07 24921.2 776853 pia3 amount of inheritance/gift received,(3) 22595 0 7160000 5365.05 134955 pia4 amount of inheritance/gift received,(4) 22595 0 23020000 5434.93 307483 piy1 year inheritance/gift received,(1) 5086 1945 2004 1992.01 11.47 piy2 year inheritance/gift received,(2) 1371 1945 2004 1990.79 11.18 piy3 year inheritance/gift received,(3) 381 1945 2004 1988.82 14.68 pit1 type of inheritence/gift received,(1) -------------------------------------------------------------------------------- N code label 4128 20 financial 958 30 both non-financial and financial 17509 . pit2 type of inheritence/gift received,(2) -------------------------------------------------------------------------------- N code label 1105 20 financial 266 30 both non-financial and financial 21224 . pit3 type of inheritence/gift received,(3) -------------------------------------------------------------------------------- N code label 254 20 financial 127 30 both non-financial and financial 22214 . piw1 from whom inheritance/gift received,(1) -------------------------------------------------------------------------------- N code label 807 1 grandparent(s)(incl in-laws) 3455 2 parent(s)(incl in-laws) 99 3 sibling(s)(incl in-laws) 10 4 child(ren)(incl in-laws) 631 5 other relative(s) 84 6 non-relative(s) 17509 . piw2 from whom inheritance/gift received,(2) -------------------------------------------------------------------------------- N code label 187 1 grandparent(s)(incl in-laws) 852 2 parent(s)(incl in-laws) 8 3 sibling(s)(incl in-laws) 308 5 other relative(s) 16 6 non-relative(s) 21224 . piw3 from whom inheritance/gift received,(3) -------------------------------------------------------------------------------- N code label 56 1 grandparent(s)(incl in-laws) 213 2 parent(s)(incl in-laws) 13 3 sibling(s)(incl in-laws) 6 4 child(ren)(incl in-laws) 75 5 other relative(s) 18 6 non-relative(s) 22214 . ------------------------------------------------------------------------------------------------------------------------------------------------ OTHER BEHAVIOURAL VARIABLES ------------------------------------------------------------------------------------------------------------------------------------------------ bopc possession of credit cards (dummy) -------------------------------------------------------------------------------- N code label 4643 0 does not have credit cards 17952 1 has credit cards bonc_c number of credit cards -------------------------------------------------------------------------------- N code label 4643 0 no credit cards 2595 1 1 card 2929 2 2 cards 2789 3 3 cards 2168 4 4 cards 1712 5 5 cards 1325 6 6 cards 1077 7 7 cards 830 8 8 cards 707 9 9 cards 453 10 10 cards 297 11 11 cards 268 12 12 cards 266 13 13 cards 141 14 14 cards 128 15 15 cards 91 16 16 cards 66 17 17 cards 35 18 18 cards 10 19 19 cards 35 20 20 cards 15 21 21 cards 10 22 22 cards 5 23 23 cards Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- boue amount needed to cover unexpected expenses 22595 0 46440000 204098 1500000 boea ability to get emergency financial aid (dummy) -------------------------------------------------------------------------------- N code label 6584 0 not able to get emergency financial aid 16011 1 able to get emergency financial aid bolc loan consolidation (dummy) -------------------------------------------------------------------------------- N code label 22548 0 did not consolidate loan(s) 47 1 consolidated loan(s) bocc1_c objective credit constraints,(1) -------------------------------------------------------------------------------- N code label 11603 110 applied and got what asked for 108 121 applied for mortgage and got less what asked for 114 122 applied for car/other vehicle loan and got less what asked for 72 123 applied for other loans for consumer goods and consumption and got less what asked for 5 124 applied for business/investment loan and got less what asked for 15 125 applied for student loan and got less what asked for 391 131 applied for mortgage and was rejected 728 132 applied for car/other vehicle loan and was rejected 2487 133 applied for other loans for consumer goods and was rejected 35 134 applied for business/investment loan and was rejected 61 135 applied for student loan and and was rejected 6976 200 did not apply NOTES: 1. [us04] refers to application for any type of credit or loan in the last five years bocc2_c objective credit constraints,(2) -------------------------------------------------------------------------------- N code label 257 111 reapplied for mortgage and got what asked for 412 112 reapplied for car/other vehicle loan and got what asked for 116 113 reapplied for other loans for consumer goods and consumption and got what asked for 20 114 reapplied for business/investment loan and got what asked for 25 115 reapplied for student loan and got what asked for 127 121 reapplied for mortgage and did not get what asked for 227 122 reapplied for car/other vehicle loan and did not get what asked for 2285 123 reapplied for other loans for consumer goods and consumption and did not get what asked for 10 124 reapplied for business/investment loan and did not get what asked for 36 125 reapplied for student loan and did not get what asked for 501 200 did not reapply 18579 . NOTES: 1. [us04] refers to those who applied for loan and were rejected, and then re-applied again or did not re-apply bocs_c subjective credit constraints -------------------------------------------------------------------------------- N code label 19589 0 no, did not fear to be turned down 63 1 fear of being turned down because personal characteristics, family background/life history of borrower 208 2 fear of being turned down because credit rating service/credit bureau reports 796 3 fear of being turned down because credit records/history from other institution; other loans; previous payment records; bankruptcy 313 4 fear of being turned down because amount of debt; size of other payments; ability to repay loan 350 5 fear of being turned down because insufficient credit history/references 38 6 fear of being turned down because lack of/not enough assets to secure the loan, size of down payment, or financial status 580 7 fear of being turned down because bad credit, n.e.c. 151 8 fear of being turned down because employment activity, intensity, and characteristics 270 9 fear of being turned down because of income 237 10 fear of being turned down because of other reasons NOTES: 1. [us04] refers to those who did not re-apply for a loan after after they got rejected ------------------------------------------------------------------------------------------------------------------------------------------------ ADDITIONAL INFORMATION (WEALTH) ------------------------------------------------------------------------------------------------------------------------------------------------ bus1_c type of first actively managed business -------------------------------------------------------------------------------- N code label 15670 0 does not own a business 1082 11 LLP/LLC (include professional LLC) 822 12 partnership/cooperative 1869 13 subchapter S corporation 623 14 other corporation (including C chapter corps) 1879 15 sole proprietorship 10 17 not a formal business type 640 20 does not have actively managed business NOTES: 1. [us04] codes 11-17 refer to the legal form of the first actively managed business owned by anyone in the household. bus2_c type of second actively managed business -------------------------------------------------------------------------------- N code label 15670 0 does not own a business 4340 10 owns only one business 542 11 LLP/LLC (include professional LLC) 317 12 partnership/cooperative 538 13 subchapter S corporation 199 14 other corporation (including C chapter corps) 349 15 sole proprietorship 640 20 does not have actively managed business NOTES: 1. [us04] codes 11-15 refer to the legal form of the second actively managed business owned by anyone in the household. bus3_c number of actively managed businesses -------------------------------------------------------------------------------- N code label 15670 0 does not own a business 4340 1 owns 1 actively managed business 1120 2 owns 2 actively managed businesses 370 3 owns 3 actively managed businesses 455 4 owns 4 or more actively managed businesses 640 20 does not have actively managed business