LWS - United States 1998 : household file Codebook generated: 2016-06-24 ------------------------------------------------------------------------------------------------------------------------------------------------ IDENTIFIERS ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hid unique unit identifier 21525 1 4327 2162.88 1248.86 did unique country/year number -------------------------------------------------- N value 21525 225 dname country/year identifier -------------------------------------------------- N value 21525 "us98" cname country name -------------------------------------------------- N value 21525 "United States" iso2 2-letter country abbreviation -------------------------------------------------- N value 21525 "us" year reference year -------------------------------------------------- N value 21525 1998 wave data wave -------------------------------------------------------------------------------- N code label 21525 5 Wave V ------------------------------------------------------------------------------------------------------------------------------------------------ FILE INFORMATION ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hwgt household weight (normalised) 21525 0 6.49 2.32 1.57 hpopwgt household weight (inflated) 21525 4.2 66552.23 23820.9 16052 inum implicate number 21525 1 5 3 1.41 svyunit survey unit -------------------------------------------------------------------------------- N code label 21525 2 economic family ------------------------------------------------------------------------------------------------------------------------------------------------ GEOGRAPHICAL CHARACTERISTICS ------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------------------ DWELLING CHARACTERISTICS ------------------------------------------------------------------------------------------------------------------------------------------------ own owned/rented housing -------------------------------------------------------------------------------- N code label 15 100 owned 5968 110 owned outright 9102 120 owned with mortgage 5980 210 rented 445 220 free housing 15 . dweltyp type of dwelling -------------------------------------------------------------------------------- N code label 13050 100 house 1480 200 multi-unit residential building 810 310 movable dwelling 6185 . NOTES: 1. [us98] Missings (.) represents those who live in a house/townhouse/apartment and pay rent. ------------------------------------------------------------------------------------------------------------------------------------------------ FARMING CHARACTERISTICS ------------------------------------------------------------------------------------------------------------------------------------------------ farm farm household (dummy) -------------------------------------------------------------------------------- N code label 20955 0 not farm household 570 1 farm household agriland ownership of agricultural land -------------------------------------------------------------------------------- N code label 570 100 owns or rents agricultural land 20955 200 does not own nor rent agricultural land farming farming activity -------------------------------------------------------------------------------- N code label 275 100 runs a farming activity 21250 200 does not run a farming activity ------------------------------------------------------------------------------------------------------------------------------------------------ HOUSEHOLD COMPOSITION ------------------------------------------------------------------------------------------------------------------------------------------------ hhtype household composition -------------------------------------------------------------------------------- N code label 5530 100 one person household 6955 210 couple without children 6565 220 couple with children 1495 230 one parent with children 135 310 couple without children and relatives 215 320 couple with children and relatives 190 330 one parent with children and relatives 235 400 relatives living together (no family nucleus) 45 510 couple without children and nonrelatives 50 520 couple with children and nonrelatives 25 530 one parent with children and nonrelatives 5 610 couple without children and relatives and nonrelatives 10 620 couple with children and relatives and nonrelatives 5 700 relatives and nonrelatives living together (no family nucleus) 65 800 nonrelatives living together hpartner head living with partner -------------------------------------------------------------------------------- N code label 12790 110 married couple 1190 120 non-married cohabiting couple 7545 200 head not living with partner nhhmem number of household members -------------------------------------------------------------------------------- N code label 5530 1 1 hh member 8020 2 2 hh members 2960 3 3 hh members 3030 4 4 hh members 1400 5 5 hh members 375 6 6 hh members 135 7 7 hh members 50 8 8 hh members 25 9 9 hh members nhhmem65 number of household members 65 or older -------------------------------------------------------------------------------- N code label 16779 0 no hh members 65 or older 2833 1 1 hh member 65 or older 1898 2 2 hh members 65 or older 10 3 3 hh members 65 or older 5 4 4 hh members 65 or older nhhmem17 number of household members 17 or younger -------------------------------------------------------------------------------- N code label 13935 0 no hh members 17 or younger 3080 1 1 hh member 17 or younger 2815 2 2 hh member 17 or younger 1225 3 3 hh member 17 or younger 310 4 4 hh member 17 or younger 125 5 5 hh member 17 or younger 20 6 6 hh member 17 or younger 15 7 7 hh member 17 or younger ------------------------------------------------------------------------------------------------------------------------------------------------ CURRENT INCOME ------------------------------------------------------------------------------------------------------------------------------------------------ NOTES: hiap: 1. [us98] 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 21525 -835800 166300000 407108 3100000 hil labour income, household 21525 -1e+06 37589000 250469 1300000 hile paid employment income, household 21525 0 2.5e+07 115462 629418 hils self-employment income, household 21525 -1e+06 37500000 135007 1100000 hic capital income, household 21525 -44300 49180000 114017 1200000 hicid interest and dividends, household 21525 0 15950000 49651.8 389511 hit transfer income, household 21525 0 3e+06 5973.3 47752.6 hits social security transfers, household 21525 0 3e+06 5673.95 47595.6 hitsi work-related insurance transfers, household 21525 0 3e+06 5491.43 47598.1 hitsa assistance benefits, household 21525 0 20000 182.52 1140.65 hitp private transfers, household 21525 0 220000 299.35 4203.57 hitpih inter-household transfers, household 21525 0 220000 299.35 4203.57 hiap total pension income, household 21525 0 3e+06 5390.06 47590.2 ------------------------------------------------------------------------------------------------------------------------------------------------ WINDFALL INCOME ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hwc windfall capital income, household 21525 -1e+06 1.5e+08 85968.2 2300000 hwcg capital gains, household 21525 -1e+06 1.5e+08 85968.2 2300000 ------------------------------------------------------------------------------------------------------------------------------------------------ NON-CONSUMPTION EXPENDITURE ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hxit income taxes and social contributions, household 21525 -2327 67152768 166049 1400000 hxiti income taxes, household 21525 -3820 67152768 158660 1400000 hxits social security contributions, household 21525 0 733110 7389.29 19200.7 hxot other taxes, household 21525 0 1240000 3589.96 21178.7 hxotp property taxes, household 21525 0 1240000 3589.96 21178.7 hxih inter-household transfers paid, household 21525 0 1e+06 4349.75 27909.7 hxch donations to charity, household 21525 0 10900000 29711.2 290274 ------------------------------------------------------------------------------------------------------------------------------------------------ CONSUMPTION ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hchous housing and utilities, household 21525 0 168000 1930.9 5405.46 hchousa actual rent, household 21525 0 168000 1930.9 5405.46 ------------------------------------------------------------------------------------------------------------------------------------------------ ASSETS - LIABILITIES TRANSACTIONS ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- htil inflows from loans, household 21510 0 116400000 48529.5 1100000 htilm mortgage, household 21525 0 3770000 12572.9 105715 htilo other loans, household 21525 0 116400000 35317.3 1100000 htilr repayments from borrowings, household 21510 0 4e+05 650.04 9631.65 htol outflows from loans, household 20875 0 18684000 34212.6 312486 htolm mortgage repayments, household 21495 0 780000 8010.4 22654.2 htolo other loans repayments, household 20900 0 18684000 26306.9 310131 ------------------------------------------------------------------------------------------------------------------------------------------------ MAJOR AGGREGATES ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- dhi disposable household income 21525 -30977916 99143232 241059 1900000 ------------------------------------------------------------------------------------------------------------------------------------------------ ADDITIONAL INFORMATION ------------------------------------------------------------------------------------------------------------------------------------------------ currency currency units -------------------------------------------------------------------------------- N code label 21525 840 USD - US Dollar Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- deflator deflation factor 21525 1 1 1 0 grossnet gross/net income information -------------------------------------------------------------------------------- N code label 21525 120 gross, taxes and contributions imputed ------------------------------------------------------------------------------------------------------------------------------------------------ ASSETS ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- han non-financial assets 21525 -26000 506200000 3400000 2e+07 hanr real estate 21525 0 406100000 851260 6200000 hanrp principal residence 21525 0 2e+07 312629 900647 hanro other real estate 21525 0 401100000 538632 5900000 hann non-housing assets 21525 -375000 453500000 2500000 1.8e+07 hannb business equity 21525 -740800 423300000 2400000 1.7e+07 hannc consumer goods 21525 0 22974000 85157.4 607360 hanncv vehicles 21525 0 20094000 45348 370564 hanncd other durables and valuables 21525 0 1.5e+07 39809.5 383544 hanno other non-financial assets 21525 0 2.5e+07 17924.4 568360 haf financial assets (excluding pensions) 21525 0 486800000 2200000 1.5e+07 hafc deposit accounts and cash 21525 0 34209000 156480 1e+06 hafi financial investments 21525 0 485800000 2100000 1.5e+07 hafib bonds and other debt securities 21525 0 181500000 309224 3700000 hafis stocks and other equity 21525 0 337500000 1300000 1.1e+07 hafii investment funds and alternative investments 21525 0 1.9e+08 472463 4700000 hafo other non-pension financial assets 21525 0 1e+07 18036.7 224395 hasi life insurance and voluntary individual pensions 21525 0 30026000 166036 776148 hasil life insurance accounts 21525 0 7500000 33398.2 203781 hasip individual voluntary pension accounts 21525 0 3e+07 132638 731962 hasodc occupational pensions (DC schemes) 21525 0 7e+06 28223.1 219670 ------------------------------------------------------------------------------------------------------------------------------------------------ LIABILITIES ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- hl total liabilities 21525 0 2.7e+07 144858 723287 hlr real estate liabilities 21525 0 10100000 84150.1 292201 hlrp principal residence loans 21525 0 5560000 61914.4 185466 hlro other real estate loans 21525 0 10100000 22235.7 212654 hln non-housing liabilities 21525 0 2.7e+07 60708.1 641434 hlni investment loans 21525 0 1.5e+07 33307.3 416064 hlnc consumer goods loans 21525 0 7554200 14765.1 152285 hlncv vehicle loans 21525 0 7552000 7688.93 127761 hlncd other loans for goods and consumption 21525 0 5680000 7076.19 83057 hlne education loans 21525 0 142000 1267.19 7037.81 hlno other non-housing liabilities 21525 0 2.7e+07 11368.5 458147 hlsr institutional loans secured by real estate 21525 0 10100000 89412.6 293332 hlsrp secured by principal residence 21525 0 5560000 67176.8 187093 hlsro secured by other real estate 21525 0 10100000 22235.7 212654 hlsn loans not secured by real estate 21525 0 5e+07 160947 1500000 hlsng guaranteed institutional loans 21525 0 5e+07 132279 1400000 hlsnn non-guaranteed institutional loans 21525 0 2.7e+07 13973.6 459218 hlsni informal (non-institutional) loans 21525 0 1100000 785.18 17068.3 ------------------------------------------------------------------------------------------------------------------------------------------------ HOUSEHOLD NET WORTH ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- dnw disposable net worth 21525 -1078700 516700000 5500000 2.8e+07 anw adjusted disposable net worth 21525 -1072200 518900000 5700000 2.8e+07 ------------------------------------------------------------------------------------------------------------------------------------------------ CONTINGENT ASSETS, LIABILITIES AND RELATED VARIABLES ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- cir expects to receive inheritance/gift 21525 0 1 0.15 0.36 cia1 amount of expected inheritance/gift,(1) 21525 0 27430000 98029.1 925935 cig expects to give inheritance/gift 21525 0 2 0.82 0.76 chc home equity line of credit (dummy) 21525 0 1 0.08 0.28 cha amount of home equity line of credit 21519 0 1.4e+07 9171.26 184381 cnc non-home equity lines of credit (dummy) 21525 0 1 0.06 0.24 cna amount of non-home equity lines of credit 21525 0 45130000 36495.1 846091 ------------------------------------------------------------------------------------------------------------------------------------------------ ASSETS ACQUIRED IN THE PAST AND RELATED VARIABLES ------------------------------------------------------------------------------------------------------------------------------------------------ Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- ppr purchase price of principal residence 21525 0 32220000 163681 608765 ppy year of purchase of principal residence 15070 1938 1998 1984.32 12.24 pir inheritance/gift received (dummy) -------------------------------------------------------------------------------- N code label 16231 0 did not receive inheritance/gift 5294 1 received inheritance/gift Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- pia1 amount of inheritance/gift received,(1) 21525 0 37500000 81172.9 845166 pia2 amount of inheritance/gift received,(2) 21525 0 22500000 20365.3 395065 pia3 amount of inheritance/gift received,(3) 21525 0 3e+06 4795.65 78333.5 pia4 amount of inheritance/gift received,(4) 21525 0 5650000 2670.17 82314.2 piy1 year inheritance/gift received,(1) 5299 1940 1998 1986 11.46 piy2 year inheritance/gift received,(2) 1503 1940 1998 1984.06 11.89 piy3 year inheritance/gift received,(3) 427 1940 1995 1983.96 12.21 pit1 type of inheritence/gift received,(1) -------------------------------------------------------------------------------- N code label 3848 20 financial 1456 30 both non-financial and financial 16221 . pit2 type of inheritence/gift received,(2) -------------------------------------------------------------------------------- N code label 1084 20 financial 419 30 both non-financial and financial 20022 . pit3 type of inheritence/gift received,(3) -------------------------------------------------------------------------------- N code label 256 20 financial 171 30 both non-financial and financial 21098 . piw1 from whom inheritance/gift received,(1) -------------------------------------------------------------------------------- N code label 740 1 grandparent(s)(incl in-laws) 3741 2 parent(s)(incl in-laws) 142 3 sibling(s)(incl in-laws) 21 4 child(ren)(incl in-laws) 539 5 other relative(s) 121 6 non-relative(s) 16221 . piw2 from whom inheritance/gift received,(2) -------------------------------------------------------------------------------- N code label 282 1 grandparent(s)(incl in-laws) 855 2 parent(s)(incl in-laws) 6 3 sibling(s)(incl in-laws) 268 5 other relative(s) 92 6 non-relative(s) 20022 . piw3 from whom inheritance/gift received,(3) -------------------------------------------------------------------------------- N code label 79 1 grandparent(s)(incl in-laws) 238 2 parent(s)(incl in-laws) 5 3 sibling(s)(incl in-laws) 93 5 other relative(s) 12 6 non-relative(s) 21098 . ------------------------------------------------------------------------------------------------------------------------------------------------ OTHER BEHAVIOURAL VARIABLES ------------------------------------------------------------------------------------------------------------------------------------------------ bopc possession of credit cards (dummy) -------------------------------------------------------------------------------- N code label 4694 0 does not have credit cards 16831 1 has credit cards bonc_c number of credit cards -------------------------------------------------------------------------------- N code label 4694 0 no credit cards 2107 1 1 card 2411 2 2 cards 2500 3 3 cards 1982 4 4 cards 1760 5 5 cards 1373 6 6 cards 1321 7 7 cards 752 8 8 cards 659 9 9 cards 475 10 10 cards 296 11 11 cards 304 12 12 cards 232 13 13 cards 176 14 14 cards 122 15 15 cards 95 16 16 cards 65 17 17 cards 75 18 18 cards 27 19 19 cards 53 20 20 cards 31 21 21 cards 10 23 23 cards 5 26 26 cards Variable Description N Min. Max. Mean SD ----------------------------------------------------------------------------------------------------------------------------------------------- boue amount needed to cover unexpected expenses 21525 0 21080000 136466 833308 bolc loan consolidation (dummy) -------------------------------------------------------------------------------- N code label 21460 0 did not consolidate loan(s) 65 1 consolidated loan(s) bocc1_c objective credit constraints,(1) -------------------------------------------------------------------------------- N code label 9666 110 applied and got what asked for 60 121 applied for mortgage and got less what asked for 71 122 applied for car/other vehicle loan and got less what asked for 50 123 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 478 131 applied for mortgage and was rejected 733 132 applied for car/other vehicle loan and was rejected 2546 133 applied for other loans for consumer goods and was rejected 50 134 applied for business/investment loan and was rejected 5 135 applied for student loan and and was rejected 7861 200 did not apply NOTES: 1. [us98] refers to application for any type of credit or loan in the last five years bocc2_c objective credit constraints,(2) -------------------------------------------------------------------------------- N code label 309 111 reapplied for mortgage and got what asked for 438 112 reapplied for car/other vehicle loan and got what asked for 136 113 reapplied for other loans for consumer goods and consumption and got what asked for 25 114 reapplied for business/investment loan and got what asked for 143 121 reapplied for mortgage and did not get what asked for 190 122 reapplied for car/other vehicle loan and did not get what asked for 2325 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 422 200 did not reapply 17527 . NOTES: 1. [us98] 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 18836 0 no, did not fear to be turned down 98 1 fear of being turned down because personal characteristics, family background/life history of borrower 161 2 fear of being turned down because credit rating service/credit bureau reports 794 3 fear of being turned down because credit records/history from other institution; other loans; previous payment records; bankruptcy 207 4 fear of being turned down because amount of debt; size of other payments; ability to repay loan 249 5 fear of being turned down because insufficient credit history/references 30 6 fear of being turned down because lack of/not enough assets to secure the loan, size of down payment, or financial status 378 7 fear of being turned down because bad credit, n.e.c. 159 8 fear of being turned down because employment activity, intensity, and characteristics 373 9 fear of being turned down because of income 240 10 fear of being turned down because of other reasons NOTES: 1. [us98] 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 15136 0 does not own a business 145 11 LLP/LLC (include professional LLC) 1127 12 partnership/cooperative 1401 13 subchapter S corporation 844 14 other corporation (including C chapter corps) 2261 15 sole proprietorship 611 20 does not have actively managed business NOTES: 1. [us98] 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 15136 0 does not own a business 3935 10 owns only one business 40 11 LLP/LLC (include professional LLC) 447 12 partnership/cooperative 518 13 subchapter S corporation 382 14 other corporation (including C chapter corps) 456 15 sole proprietorship 611 20 does not have actively managed business NOTES: 1. [us98] 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 15136 0 does not own a business 3935 1 owns 1 actively managed business 1101 2 owns 2 actively managed businesses 321 3 owns 3 actively managed businesses 421 4 owns 4 or more actively managed businesses 611 20 does not have actively managed business