Variable Number = 1 Variable Name: ID97 Basic Information Variable Label: 1997 Interview Number Type: Numeric Width: 4 Decimals: 0 Data Location: 1 - 4 Missing Data Code: None Question Text 1997 Interview Number Explanation Text The range of values for this variable is 1 to 6353. (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.) Frequencies Code Text Count % 1 - 6353 Actual Value 6307 100.00 Variable Number = 2 Variable Name: FIPS_STN Basic Information Variable Label: FIPS State Numeric Code Type: Numeric Width: 2 Decimals: 0 Data Location: 5 - 6 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; 35 0.55 1 - 56 Actual Value 6272 99.45 Variable Number = 3 Variable Name: PSID_STN Basic Information Variable Label: PSID State Code Type: Numeric Width: 2 Decimals: 0 Data Location: 7 - 8 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; 35 0.55 1 - 51 Actual Value 6272 99.45 Variable Number = 4 Variable Name: FAMINC97 Basic Information Variable Label: Total Family Income 1996 Type: Numeric Width: 6 Decimals: 0 Data Location: 9 - 14 Missing Data Code: None Question Text Total Family Money Income in 1996 Explanation Text The income reported here was collected in 1997 about tax year 1996. 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 1997 for the prior year are in 1996 dollars. The descriptive statistics entries below are based on the family weights for 1996. This variable is the sum of the five 1996 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 6307 5367 Minimum $-5,600 $-5,600 Maximum $811,324 $811,324 Mean $46,933 $48,811 Standard Deviation $50,297 $52,680 99th Percentile $214,506 $245,008 95th Percentile $122,202 $126,003 90th Percentile $93,453 $96,611 75th Percentile $60,500 $62,001 Median $35,037 $35,845 25th Percentile $17,901 $19,233 10th Percentile $8,137 $9,336 5th Percentile $5,099 $6,000 1st Percentile $199 $300 Frequencies Code Text Count % Wt% -5600 - -1 Actual Amount: Loss 5 0.08 0.09 0 INAP; No Loss or Gain 40 0.63 0.63 1 - 811324 Actual Amount: Gain 6262 99.29 99.28 Variable Number = 5 Variable Name: TXHW97 Basic Information Variable Label: Taxable Income Head and Wife 1996 Type: Numeric Width: 6 Decimals: 0 Data Location: 15 - 20 Missing Data Code: None Question Text Head's and Wife's/"Wife's" Total Taxable Income in 1996 Explanation Text The income reported here was collected in 1997 about tax year 1996. 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 1997 for the prior year are in 1996 dollars. The descriptive statistics entries below are based on the family weights for 1997. 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 6307 5367 Minimum $-15,000 $-15,000 Maximum $811,324 $811,324 Mean $38,896 $39,388 Standard Deviation $49,362 $51,633 99th Percentile $197,538 $214,005 95th Percentile $109,604 $112,201 90th Percentile $85,003 $86,501 75th Percentile $53,999 $54,001 Median $27,068 $27,000 25th Percentile $8,351 $7,999 10th Percentile $0 $1 5th Percentile $0 $0 1st Percentile $0 $0 Frequencies Code Text Count % Wt% -15000 - -1 Actual Amount: Loss 18 0.29 0.32 0 INAP; No Loss or Gain 682 10.81 9.62 1 - 811324 Actual Amount: Gain 5607 88.90 90.06 Variable Number = 6 Variable Name: TRHW97 Basic Information Variable Label: Transfer Income of the Head and Wife 1996 Type: Numeric Width: 6 Decimals: 0 Data Location: 21 - 26 Missing Data Code: None Question Text Head's and Wife's/"Wife's" Total Transfer Income in 1996 Explanation Text The income reported here was collected in 1997 about tax year 1996. 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 1997 for the prior year are in 1996 dollars. The descriptive statistics entries below are based on the family weights for 1997. This variable excludes Head's and Wife's/"Wife's" Social Security Income. Summary Statistics Name Unweighted Weighted N 6307 5367 Minimum $0 $0 Maximum $300,005 $300,005 Mean $3,300 $4,064 Standard Deviation $10,879 $12,859 99th Percentile $42,897 $48,002 95th Percentile $15,501 $20,001 90th Percentile $8,625 $11,200 75th Percentile $2,500 $3,000 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 3701 58.68 58.37 1 - 300005 Actual Amount: Gain 2606 41.32 41.63 Variable Number = 7 Variable Name: TXOFM97 Basic Information Variable Label: Taxable Income Other Family Unit Members Type: Numeric Width: 6 Decimals: 0 Data Location: 27 - 32 Missing Data Code: None Question Text Other Family Unit Members' Total Taxable Income in 1996 Explanation Text The income reported here was collected in 1997 about tax year 1996. 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 1997 for the prior year are in 1996 dollars. The descriptive statistics entries below are based on the family weights for 1997. This variable includes all OFUMs' income from assets and earnings. Summary Statistics Name Unweighted Weighted N 6307 5367 Minimum $0 $0 Maximum $175,000 $175,000 Mean $2,348 $2,247 Standard Deviation $7,990 $7,840 99th Percentile $38,000 $38,000 95th Percentile $15,000 $16,000 90th Percentile $6,000 $5,200 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 4808 76.23 78.98 1 - 175000 Actual Amount: Gain 1499 23.77 21.02 Variable Number = 8 Variable Name: TROFM97 Basic Information Variable Label: Transfer Income Other Family Unit Member Type: Numeric Width: 5 Decimals: 0 Data Location: 33 - 37 Missing Data Code: None Question Text Other Family Unit Members' Total Transfer Income in 1996 Explanation Text The income reported here was collected in 1997 about tax year 1996. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1997 for the prior year are in 1996 dollars. The descriptive statistics entries below are based on the family weights for 1997. This variable excludes all OFUMs' Social Security Income. Summary Statistics Name Unweighted Weighted N 6307 5367 Minimum $0 $0 Maximum $60,000 $60,000 Mean $272 $205 Standard Deviation $1,856 $1,682 99th Percentile $6,564 $5,808 95th Percentile $872 $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 5920 93.86 95.25 1 - 60000 Actual Amount: Gain 387 6.14 4.75 Variable Number = 9 Variable Name: SSEC97 Basic Information Variable Label: Social Security Income 1996 Type: Numeric Width: 6 Decimals: 0 Data Location: 38 - 43 Missing Data Code: None Question Text Family Social Security Income in 1996 Explanation Text The income reported here was collected in 1997 about tax year 1996. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1997 for the prior year are in 1996 dollars. The descriptive statistics entries below are based on the family weights for 1997. This variable includes Social Security income for Heads, Wives/"Wives", and OFUMs. Summary Statistics Name Unweighted Weighted N 6307 5367 Minimum $0 $0 Maximum $121,180 $121,180 Mean $2,117 $2,906 Standard Deviation $5,113 $5,901 99th Percentile $20,001 $21,601 95th Percentile $13,656 $15,300 90th Percentile $9,600 $12,000 75th Percentile $0 $3,504 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 5003 79.32 72.97 1 - 121180 Actual Amount: Gain 1304 20.68 27.03 Variable Number = 10 Variable Name: FRMINC97 Basic Information Variable Label: Farm Income of the Head 1996 Type: Numeric Width: 6 Decimals: 0 Data Location: 44 - 49 Missing Data Code: None Question Text Head's Income from Farming in 1996 Explanation Text The income reported here was collected in 1997 about tax year 1996.