Variable Number = 1 Variable Name: ID94 Basic Information Variable Label: 1994 Interview Number Type: Numeric Width: 5 Decimals: 0 Data Location: 1 - 5 Missing Data Code: None Question Text 1994 Interview Number Explanation Text The range of values for this variable is 14 to 16970. (The IDs do not consist of a string starting at 1 and incrementing by 1 because of the use of ranges for different cases and the invalidation of some cases.) Variable Number = 2 Variable Name: FIPS_STN Basic Information Variable Label: FIPS State Numeric Code Type: Numeric Width: 2 Decimals: 0 Data Location: 6 - 7 Missing Data Code: None Question Text FIPS State Numeric Code Explanation Text Please see Appendix 1 for a list of state code descriptions. Frequencies Code Text Count % 0 INAP; 2 0.02 1 - 99 Actual Value 8657 99.98 Variable Number = 3 Variable Name: PSID_STN Basic Information Variable Label: PSID State Code Type: Numeric Width: 2 Decimals: 0 Data Location: 8 - 9 Missing Data Code: None Question Text PSID State Code Explanation Text Please see Appendix 1 for a list of state code descriptions. Frequencies Code Text Count % 0 INAP; 5 0.06 1 - 99 Actual Value 8654 99.94 Variable Number = 4 Variable Name: FAMINC94 Basic Information Variable Label: Total Family Income 1993 Type: Numeric Width: 7 Decimals: 0 Data Location: 10 - 16 Missing Data Code: None Question Text Total Family Money Income in 1993 Explanation Text The income reported here was collected in 1994 about tax year 1993. Please note, this variable can contain negative values. The negative values indicate a net loss, which in waves prior to 1994 were bottom-coded at $1. These losses occur as a result of business or farm losses. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994. This variable is the sum of the five 1994 variables below: Taxable Income of Head and Wife, Transfer Income of Head and Wife, Taxable Income of Other Family Unit Members (OFUMs), Transfer Income of OFUMs, and Social Security Income. Summary Statistics Name Unweighted Weighted N 8659 7442 Minimum $-896,000 $-22,402 Maximum $1,088,862 $1,088,862 Mean $39,906 $44,779 Standard Deviation $51,990 $59,078 99th Percentile $201,310 $246,109 95th Percentile $103,504 $113,939 90th Percentile $80,597 $87,198 75th Percentile $52,267 $56,899 Median $29,027 $31,999 25th Percentile $13,287 $16,398 10th Percentile $5,528 $7,075 5th Percentile $2,798 $4,400 1st Percentile $0 $1 Frequencies Code Text Count % Wt% -896000 - -1 Actual Amount: Loss 14 0.16 0.16 0 INAP; No Loss or Gain 97 1.12 0.84 1 - 1088862 Actual Amount: Gain 8548 98.72 99.00 Variable Number = 5 Variable Name: TXHW94 Basic Information Variable Label: Taxable Income Head and Wife 1993 Type: Numeric Width: 7 Decimals: 0 Data Location: 17 - 23 Missing Data Code: None Question Text Head's and Wife's/"Wife's" Total Taxable Income in 1993 Explanation Text The income reported here was collected in 1994 about tax year 1993. This variable can contain negative values, indicating a net loss from a business or farm. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994. This variable includes Head's and Wife's/"Wife's" income from assets, earnings, and net profit from farm or business. Summary Statistics Name Unweighted Weighted N 8659 7442 Minimum $-896,000 $-36,402 Maximum $1,088,862 $1,088,862 Mean $33,157 $37,056 Standard Deviation $50,270 $57,858 99th Percentile $181,996 $220,894 95th Percentile $94,694 $103,106 90th Percentile $73,014 $79,098 75th Percentile $46,499 $49,984 Median $22,998 $25,000 25th Percentile $4,359 $6,000 10th Percentile $0 $0 5th Percentile $0 $0 1st Percentile $0 $0 Frequencies Code Text Count % Wt% -896000 - -1 Actual Amount: Loss 25 0.29 0.30 0 INAP; No Loss or Gain 1192 13.77 10.35 1 - 1088862 Actual Amount: Gain 7442 85.95 89.35 Variable Number = 6 Variable Name: TRHW94 Basic Information Variable Label: Transfer Income of the Head and Wife 1993 Type: Numeric Width: 6 Decimals: 0 Data Location: 24 - 29 Missing Data Code: None Question Text Head's and Wife's/"Wife's" Total Transfer Income in 1993 Explanation Text The income reported here was collected in 1994 about tax year 1993. The components of transfer income are very diverse. This has made it difficult to carefully evaluate outliers without a case by case review of the interview and interviewer thumbnail comments--plus information on the family from prior years. Analysts are urged to exclude or otherwise allow for cases in which the value is above the top 99 percentile point. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994. This variable excludes Head's and Wife's/"Wife's" Social Security Income. Summary Statistics Name Unweighted Weighted N 8659 7442 Minimum $0 $0 Maximum $249,219 $249,219 Mean $2,556 $3,289 Standard Deviation $7,868 $9,941 99th Percentile $30,903 $39,875 95th Percentile $12,062 $16,473 90th Percentile $7,034 $9,235 75th Percentile $2,255 $2,572 Median $0 $0 25th Percentile $0 $0 10th Percentile $0 $0 5th Percentile $0 $0 1st Percentile $0 $0 Frequencies Code Text Count % Wt% 0 INAP; No Loss or Gain 5159 59.58 59.48 1 - 249219 Actual Amount: Gain 3500 40.42 40.52 Variable Number = 7 Variable Name: TXOFM94 Basic Information Variable Label: Taxable Income Other Family Unit Members Type: Numeric Width: 6 Decimals: 0 Data Location: 30 - 35 Missing Data Code: None Question Text Other Family Unit Members' Total Taxable Income in 1993 Explanation Text The income reported here was collected in 1994 about tax year 1993. This variable can contain negative values, indicating a net loss from a business. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994. This variable includes all OFUMs' income from assets and earnings. Summary Statistics Name Unweighted Weighted N 8659 7442 Minimum $0 $0 Maximum $173,000 $173,000 Mean $2,090 $1,844 Standard Deviation $7,818 $6,794 99th Percentile $38,000 $35,000 95th Percentile $12,500 $12,000 90th Percentile $5,000 $4,000 75th Percentile $0 $0 Median $0 $0 25th Percentile $0 $0 10th Percentile $0 $0 5th Percentile $0 $0 1st Percentile $0 $0 Frequencies Code Text Count % Wt% 0 INAP; No Loss or Gain 6830 78.88 80.98 1 - 173000 Actual Amount: Gain 1829 21.12 19.02 Variable Number = 8 Variable Name: TROFM94 Basic Information Variable Label: Transfer Income Other Family Unit Member Type: Numeric Width: 7 Decimals: 0 Data Location: 36 - 42 Missing Data Code: None Question Text Other Family Unit Members' Total Transfer Income in 1993 Explanation Text The income reported here was collected in 1994 about tax year 1993. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994. This variable excludes all OFUMs' Social Security Income. Summary Statistics Name Unweighted Weighted N 8659 7442 Minimum $0 $0 Maximum $1,003,895 $1,003,895 Mean $321 $234 Standard Deviation $10,875 $9,539 99th Percentile $5,750 $5,000 95th Percentile $200 $0 90th Percentile $0 $0 75th Percentile $0 $0 Median $0 $0 25th Percentile $0 $0 10th Percentile $0 $0 5th Percentile $0 $0 1st Percentile $0 $0 Frequencies Code Text Count % Wt% 0 INAP; No Loss or Gain 8196 94.65 95.99 1 - 1003895 Actual Amount: Gain 463 5.35 4.01 Variable Number = 9 Variable Name: SSEC94 Basic Information Variable Label: Social Security Income 1993 Type: Numeric Width: 5 Decimals: 0 Data Location: 43 - 47 Missing Data Code: None Question Text Family Social Security Income in 1993 Explanation Text The income reported here was collected in 1994 about tax year 1993. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994. This variable includes Social Security income for Heads, Wives/"Wives", and OFUMs. Summary Statistics Name Unweighted Weighted N 8659 7442 Minimum $0 $0 Maximum $30,480 $30,480 Mean $1,782 $2,356 Standard Deviation $4,042 $4,728 99th Percentile $17,700 $19,200 95th Percentile $11,436 $13,320 90th Percentile $7,800 $9,936 75th Percentile $0 $625 Median $0 $0 25th Percentile $0 $0 10th Percentile $0 $0 5th Percentile $0 $0 1st Percentile $0 $0 Frequencies Code Text Count % Wt% 0 INAP; No Loss or Gain 6814 78.69 74.85 1 - 30480 Actual Amount: Gain 1845 21.31 25.15 Variable Number = 10 Variable Name: FRMINC94 Basic Information Variable Label: Farm Income of the Head 1993 Type: Numeric Width: 6 Decimals: 0 Data Location: 48 - 53 Missing Data Code: None Question Text Head's Income from Farming in 1993 Explanation Text The income reported here was collected in 1994 about tax year 1993.