LWS - United States 1995 : household file Codebook generated: 2016-06-24 ------------------------------------------------------------------------------------------------------------------------------------------------ IDENTIFIERS ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hid unique unit identifier 21495 1 4302 2151.55 1242.18 did unique country/year number -------------------------------------------------- N value 21495 227 dname country/year identifier -------------------------------------------------- N value 21495 "us95" cname country name -------------------------------------------------- N value 21495 "United States" iso2 2-letter country abbreviation -------------------------------------------------- N value 21495 "us" year reference year -------------------------------------------------- N value 21495 1995 wave data wave -------------------------------------------------------------------------------- N code label 21495 4 Wave IV ------------------------------------------------------------------------------------------------------------------------------------------------ FILE INFORMATION ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hwgt household weight (normalised) 21495 0 7.4 2.33 1.62 hpopwgt household weight (inflated) 21495 5.64 73250.2 23031 15991.1 inum implicate number 21495 1 5 3 1.41 svyunit survey unit -------------------------------------------------------------------------------- N code label 21495 2 economic family ------------------------------------------------------------------------------------------------------------------------------------------------ GEOGRAPHICAL CHARACTERISTICS ------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------------------ DWELLING CHARACTERISTICS ------------------------------------------------------------------------------------------------------------------------------------------------ own owned/rented housing -------------------------------------------------------------------------------- N code label 10 100 owned 6376 110 owned outright 9299 120 owned with mortgage 5395 210 rented 410 220 free housing 5 . dweltyp type of dwelling -------------------------------------------------------------------------------- N code label 13845 100 house 1235 200 multi-unit residential building 995 310 movable dwelling 5420 . NOTES: 1. [us95] Missings (.) represents those who live in a house/townhouse/apartment and pay rent. ------------------------------------------------------------------------------------------------------------------------------------------------ FARMING CHARACTERISTICS ------------------------------------------------------------------------------------------------------------------------------------------------ farm farm household (dummy) -------------------------------------------------------------------------------- N code label 20690 0 not farm household 805 1 farm household agriland ownership of agricultural land -------------------------------------------------------------------------------- N code label 805 100 owns or rents agricultural land 20690 200 does not own nor rent agricultural land farming farming activity -------------------------------------------------------------------------------- N code label 465 100 runs a farming activity 21030 200 does not run a farming activity ------------------------------------------------------------------------------------------------------------------------------------------------ HOUSEHOLD COMPOSITION ------------------------------------------------------------------------------------------------------------------------------------------------ hhtype household composition -------------------------------------------------------------------------------- N code label 5195 100 one person household 7540 210 couple without children 6410 220 couple with children 1545 230 one parent with children 140 310 couple without children and relatives 210 320 couple with children and relatives 130 330 one parent with children and relatives 185 400 relatives living together (no family nucleus) 50 510 couple without children and nonrelatives 40 520 couple with children and nonrelatives 15 530 one parent with children and nonrelatives 35 800 nonrelatives living together hpartner head living with partner -------------------------------------------------------------------------------- N code label 13265 110 married couple 1125 120 non-married cohabiting couple 7105 200 head not living with partner nhhmem number of household members -------------------------------------------------------------------------------- N code label 5195 1 1 hh member 8505 2 2 hh members 3055 3 3 hh members 2850 4 4 hh members 1255 5 5 hh members 485 6 6 hh members 95 7 7 hh members 40 8 8 hh members 15 9 9 hh members nhhmem65 number of household members 65 or older -------------------------------------------------------------------------------- N code label 16562 0 no hh members 65 or older 2902 1 1 hh member 65 or older 2031 2 2 hh members 65 or older nhhmem17 number of household members 17 or younger -------------------------------------------------------------------------------- N code label 14080 0 no hh members 17 or younger 3055 1 1 hh member 17 or younger 2740 2 2 hh member 17 or younger 1105 3 3 hh member 17 or younger 380 4 4 hh member 17 or younger 90 5 5 hh member 17 or younger 35 6 6 hh member 17 or younger 5 7 7 hh member 17 or younger 5 8 8 hh member 17 or younger ------------------------------------------------------------------------------------------------------------------------------------------------ CURRENT INCOME ------------------------------------------------------------------------------------------------------------------------------------------------ NOTES: hiap: 1. [us95] 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 21495 -1768000 76300410 383986 2800000 hil labour income, household 21495 -1e+06 75250000 236347 2e+06 hile paid employment income, household 21495 0 23960000 102492 658440 hils self-employment income, household 21495 -1e+06 7.5e+07 133855 1800000 hic capital income, household 21495 -938000 53041000 136901 1500000 hicid interest and dividends, household 21495 0 35541000 97865.1 1200000 hit transfer income, household 21495 0 635000 5588.16 18127.7 hits social security transfers, household 21495 0 635000 5322.62 17987.9 hitsi work-related insurance transfers, household 21495 0 635000 5072.07 17994 hitsa assistance benefits, household 21495 0 22000 250.55 1343.4 hitp private transfers, household 21495 0 96000 265.54 2728.34 hitpih inter-household transfers, household 21495 0 96000 265.54 2728.34 hiap total pension income, household 21495 0 635000 4935 17996.4 ------------------------------------------------------------------------------------------------------------------------------------------------ WINDFALL INCOME ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hwc windfall capital income, household 21495 -1e+06 54550000 41629.7 903855 hwcg capital gains, household 21495 -1e+06 54550000 41629.7 903855 ------------------------------------------------------------------------------------------------------------------------------------------------ NON-CONSUMPTION EXPENDITURE ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hxit income taxes and social contributions, household 21495 -1329 31412808 141662 1100000 hxiti income taxes, household 21495 -2664 31398044 135061 1100000 hxits social security contributions, household 21495 0 702354 6601.02 19864.5 hxot other taxes, household 21495 0 205000 2904.62 7825.5 hxotp property taxes, household 21495 0 205000 2904.62 7825.5 hxih inter-household transfers paid, household 21495 0 4e+06 5522.25 66339.4 hxch donations to charity, household 21495 0 5e+07 37728.7 851174 ------------------------------------------------------------------------------------------------------------------------------------------------ CONSUMPTION ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hchous housing and utilities, household 21495 0 117600 1505.95 3890.25 hchousa actual rent, household 21495 0 117600 1505.95 3890.25 ------------------------------------------------------------------------------------------------------------------------------------------------ ASSETS - LIABILITIES TRANSACTIONS ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- htil inflows from loans, household 21455 0 636000 1319.5 14984.1 htilr repayments from borrowings, household 21455 0 636000 1319.5 14984.1 htol outflows from loans, household 21465 0 6e+05 7310.79 21788.6 htolm mortgage repayments, household 21465 0 6e+05 7310.79 21788.6 ------------------------------------------------------------------------------------------------------------------------------------------------ MAJOR AGGREGATES ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- dhi disposable household income 21495 -5748400 48597208 242324 1800000 ------------------------------------------------------------------------------------------------------------------------------------------------ ADDITIONAL INFORMATION ------------------------------------------------------------------------------------------------------------------------------------------------ currency currency units -------------------------------------------------------------------------------- N code label 21495 840 USD - US Dollar Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- deflator deflation factor 21495 1 1 1 0 grossnet gross/net income information -------------------------------------------------------------------------------- N code label 21495 120 gross, taxes and contributions imputed ------------------------------------------------------------------------------------------------------------------------------------------------ ASSETS ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- han non-financial assets 21495 0 424900000 2900000 1.6e+07 hanr real estate 21495 0 2.01e+08 956336 5700000 hanrp principal residence 21495 0 20380000 254672 724165 hanro other real estate 21495 0 199800000 701664 5500000 hann non-housing assets 21495 0 327200000 1900000 1.3e+07 hannb business equity 21495 -3000 327100000 1800000 1.3e+07 hannc consumer goods 21495 0 30056700 93116.7 906748 hanncv vehicles 21495 0 23984800 29807.9 282542 hanncd other durables and valuables 21495 0 3e+07 63308.7 850073 hanno other non-financial assets 21495 0 24700000 15222.5 425533 haf financial assets (excluding pensions) 21495 0 870200000 1700000 1.6e+07 hafc deposit accounts and cash 21495 0 7e+07 193783 1600000 hafi financial investments 21495 0 8.7e+08 1500000 1.5e+07 hafib bonds and other debt securities 21495 0 2.67e+08 379458 4300000 hafis stocks and other equity 21495 0 216100000 718159 6300000 hafii investment funds and alternative investments 21495 0 6e+08 414925 9500000 hafo other non-pension financial assets 21495 0 37500000 34374.4 639870 hasi life insurance and voluntary individual pensions 21495 0 53130000 160752 1200000 hasil life insurance accounts 21495 0 1.2e+07 51235.2 421478 hasip individual voluntary pension accounts 21495 0 53100000 109517 1100000 hasodc occupational pensions (DC schemes) 21495 0 17504500 26065.3 315801 ------------------------------------------------------------------------------------------------------------------------------------------------ LIABILITIES ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hl total liabilities 21495 0 51660000 152951 1300000 hlr real estate liabilities 21495 0 50160000 94280.4 877147 hlrp principal residence loans 21495 0 3170000 53920.2 157378 hlro other real estate loans 21495 0 50160000 40360.2 859655 hln non-housing liabilities 21495 0 39340000 58670.3 891803 hlni investment loans 21495 0 39340000 36758.4 831807 hlnc consumer goods loans 21495 0 2164600 9364.82 65870.9 hlncv vehicle loans 21495 0 1691000 3486.32 24643.7 hlncd other loans for goods and consumption 21495 0 2164600 5878.5 60523.8 hlne education loans 21495 0 195000 832.16 5008.17 hlno other non-housing liabilities 21495 0 17500000 11714.9 298070 hlsr institutional loans secured by real estate 21495 0 50160000 99550.5 890027 hlsrp secured by principal residence 21495 0 6310000 59190.2 185287 hlsro secured by other real estate 21495 0 50160000 40360.2 859655 hlsn loans not secured by real estate 21495 0 1.5e+08 178393 2700000 hlsng guaranteed institutional loans 21495 0 1.5e+08 144047 2600000 hlsnn non-guaranteed institutional loans 21495 0 17500000 13615.4 298370 hlsni informal (non-institutional) loans 21495 0 1498000 1241.58 26569.5 ------------------------------------------------------------------------------------------------------------------------------------------------ HOUSEHOLD NET WORTH ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- dnw disposable net worth 21495 -14482790 873900000 4400000 2.4e+07 anw adjusted disposable net worth 21495 -14343590 878100000 4600000 2.4e+07 ------------------------------------------------------------------------------------------------------------------------------------------------ CONTINGENT ASSETS, LIABILITIES AND RELATED VARIABLES ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- cir expects to receive inheritance/gift 21495 0 1 0.16 0.36 cia1 amount of expected inheritance/gift,(1) 21495 0 39370000 84326.6 818998 cig expects to give inheritance/gift 21495 0 2 0.79 0.75 chc home equity line of credit (dummy) 21495 0 1 0.07 0.26 cha amount of home equity line of credit 21489 0 7500000 6030.43 87666.6 cnc non-home equity lines of credit (dummy) 21495 0 1 0.07 0.26 cna amount of non-home equity lines of credit 21485 0 111400000 46041.7 1700000 ------------------------------------------------------------------------------------------------------------------------------------------------ ASSETS ACQUIRED IN THE PAST AND RELATED VARIABLES ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- ppr purchase price of principal residence 21495 0 1e+07 131771 405438 ppy year of purchase of principal residence 15680 1920 1995 1981.41 12 pir inheritance/gift received (dummy) -------------------------------------------------------------------------------- N code label 15722 0 did not receive inheritance/gift 5773 1 received inheritance/gift Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- pia1 amount of inheritance/gift received,(1) 21495 0 4.7e+07 77405.9 930697 pia2 amount of inheritance/gift received,(2) 21495 0 17500000 14446.3 310650 pia3 amount of inheritance/gift received,(3) 21495 0 1200000 1132.41 23855.7 pia4 amount of inheritance/gift received,(4) 21495 0 17650000 5201 271393 piy1 year inheritance/gift received,(1) 5802 1925 1995 1983.48 11.62 piy2 year inheritance/gift received,(2) 1920 1915 1995 1981.69 13.2 piy3 year inheritance/gift received,(3) 478 1925 1995 1981.3 13.59 pit1 type of inheritence/gift received,(1) -------------------------------------------------------------------------------- N code label 4304 20 financial 1313 30 both non-financial and financial 185 40 unspecified 15693 . pit2 type of inheritence/gift received,(2) -------------------------------------------------------------------------------- N code label 1392 20 financial 498 30 both non-financial and financial 30 40 unspecified 19575 . pit3 type of inheritence/gift received,(3) -------------------------------------------------------------------------------- N code label 247 20 financial 226 30 both non-financial and financial 5 40 unspecified 21017 . piw1 from whom inheritance/gift received,(1) -------------------------------------------------------------------------------- N code label 738 1 grandparent(s)(incl in-laws) 3899 2 parent(s)(incl in-laws) 134 3 sibling(s)(incl in-laws) 59 4 child(ren)(incl in-laws) 801 5 other relative(s) 171 6 non-relative(s) 15693 . piw2 from whom inheritance/gift received,(2) -------------------------------------------------------------------------------- N code label 252 1 grandparent(s)(incl in-laws) 1059 2 parent(s)(incl in-laws) 67 3 sibling(s)(incl in-laws) 87 4 child(ren)(incl in-laws) 333 5 other relative(s) 122 6 non-relative(s) 19575 . piw3 from whom inheritance/gift received,(3) -------------------------------------------------------------------------------- N code label 136 1 grandparent(s)(incl in-laws) 210 2 parent(s)(incl in-laws) 19 3 sibling(s)(incl in-laws) 79 5 other relative(s) 34 6 non-relative(s) 21017 . ------------------------------------------------------------------------------------------------------------------------------------------------ OTHER BEHAVIOURAL VARIABLES ------------------------------------------------------------------------------------------------------------------------------------------------ bopc possession of credit cards (dummy) -------------------------------------------------------------------------------- N code label 4164 0 does not have credit cards 17331 1 has credit cards bonc_c number of credit cards -------------------------------------------------------------------------------- N code label 4164 0 no credit cards 1886 1 1 card 2178 2 2 cards 2350 3 3 cards 2120 4 4 cards 1714 5 5 cards 1453 6 6 cards 1351 7 7 cards 1032 8 8 cards 774 9 9 cards 473 10 10 cards 411 11 11 cards 323 12 12 cards 351 13 13 cards 230 14 14 cards 216 15 15 cards 151 16 16 cards 99 17 17 cards 52 18 18 cards 52 19 19 cards 25 20 20 cards 35 21 21 cards 25 22 22 cards 5 23 23 cards 15 24 24 cards 5 26 26 cards 5 28 Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- boue amount needed to cover unexpected expenses 21495 0 117500000 197215 2600000 bolc loan consolidation (dummy) -------------------------------------------------------------------------------- N code label 21405 0 did not consolidate loan(s) 90 1 consolidated loan(s) bocc1_c objective credit constraints,(1) -------------------------------------------------------------------------------- N code label 10093 110 applied and got what asked for 54 121 applied for mortgage and got less what asked for 50 122 applied for car/other vehicle loan and got less what asked for 33 123 applied for other loans for consumer goods and consumption and got less what asked for 27 124 applied for business/investment loan and got less what asked for 450 131 applied for mortgage and was rejected 625 132 applied for car/other vehicle loan and was rejected 2464 133 applied for other loans for consumer goods and was rejected 50 134 applied for business/investment loan and was rejected 7649 200 did not apply NOTES: 1. [us95] refers to application for any type of credit or loan in the last five years bocc2_c objective credit constraints,(2) -------------------------------------------------------------------------------- N code label 280 111 reapplied for mortgage and got what asked for 395 112 reapplied for car/other vehicle loan and got what asked for 109 113 reapplied for other loans for consumer goods and consumption and got what asked for 37 114 reapplied for business/investment loan and got what asked for 154 121 reapplied for mortgage and did not get what asked for 150 122 reapplied for car/other vehicle loan and did not get what asked for 2223 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 395 200 did not reapply 17742 . NOTES: 1. [us95] 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 18698 0 no, did not fear to be turned down 36 1 fear of being turned down because personal characteristics, family background/life history of borrower 77 2 fear of being turned down because credit rating service/credit bureau reports 1078 3 fear of being turned down because credit records/history from other institution; other loans; previous payment records; bankruptcy 323 4 fear of being turned down because amount of debt; size of other payments; ability to repay loan 270 5 fear of being turned down because insufficient credit history/references 103 6 fear of being turned down because lack of/not enough assets to secure the loan, size of down payment, or financial status 246 8 fear of being turned down because employment activity, intensity, and characteristics 388 9 fear of being turned down because of income 276 10 fear of being turned down because of other reasons NOTES: 1. [us95] 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 15008 0 does not own a business 72 11 Limited partnership/Limited liability company 1145 12 partnership 1469 13 subchapter S corporation 815 14 other corporation (including C chapter corps) 2293 15 sole proprietorship 24 17 not a formal business type 669 20 does not have actively managed business NOTES: 1. [us95] 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 15008 0 does not own a business 3797 10 owns only one business 50 11 Limited partnership/Limited liability company 398 12 partnership 510 13 subchapter S corporation 450 14 other corporation (including C chapter corps) 593 15 sole proprietorship 20 17 not a formal business type 669 20 does not have actively managed business NOTES: 1. [us95] 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 15008 0 does not own a business 3797 1 owns 1 actively managed business 1143 2 owns 2 actively managed businesses 373 3 owns 3 actively managed businesses 505 4 owns 4 or more actively managed businesses 669 20 does not have actively managed business