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1983 Survey of Consumer Finances Here: Question Text, Variable Names, & Responses Next: Appendix Previous: Introduction |
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WEIGHTS AND I.D. CODES
Inclusion of households in the final "cleaned" survey sample results from a series of
implicit stratified selection criteria. There are three major sources of implicit stratification:
(1) within the area probability sample, certain types of households turned out to be less likely
to participate in the survey when selected; (2) the sample is unlikely to fully reflect the U.S.
population due to sampling error in the survey itself; and, (3) not all observations turned out to
be usable for analysis because of significant missing information due to deliberate or inadvertent
actions. Another relevant issue is the fact that two different sampling frames, area probability
and IRS tax files, were used to draw observations. Methods used to construct weights to
compensate for these sources of stratification and mix the area probability sample and high-income
observations are described fully in the summary. This section presents information on specific
weighting variables. We should note, that throughout this section, case totals reflect the entire
4,262 observation sample. In all other sections of the manual, case totals reflect the 4,103
observation "cleaned" sample.
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Observation Code
V1 OBSERVATION CODE.
This is a unique observation identifier. It corresponds to
the case I.D. on the actual interview facesheet. It was
assigned chronologically in the order the interviews were
processed.
xxxx. code (1 to 4288)
B3001 SAMPLE CODE.
This code indicates which sample the observation is in.
1. high-income sample (438 cases)
2. area probability sample "cleaned" sample (3665 cases)
3. area probability sample excluded observations (159 cases)
Full Area Probability Sample weights
B3002 NON-RESPONSE ADJUSTMENT FACTOR.
This variable adjusts the area probability sample for the first type of
stratification cited above. The non-response adjustment
factor is computed as the reciprocal of the household response
rate of the primary sampling unit (PSU) to which the household
belongs (see variable B3013). There are 75 different PSUs in
the sample (although there are only 64 unique values for
B3002). The range of this variable is 1.055 to 2.924 with a
mean of 1.41013 for the full area probability sample.
xxxxx. weight times 10000 (10,550 to 29,240)
0. high-income sample (438 cases)
B3003 1980 POST-STRATIFICATION WEIGHT.
This variable provides one adjustment for the second factor
cited above. It adjusts the full area probability sample
(weighted by B3002) to have the same total number of
households as the 1980 census (excluding Alaska and Hawaii).
It separately weights the sample for the four regions of the
country (see B3117) further divided by urban (center city and
suburbs, B3118 = 1-4) and rural (adjacent and outlying
divisions, B3118 = 5-6). Urban/rural distinctions are
determined for each observation according to the treatment of
its area in the 1970 Census (although population figures are
given as of 1980). B3003 takes on only seven possible values,
with a mean of 14840.1.
13733. urban south (622 cases)
14133. urban northeast (562 cases)
14133. urban north central (625 cases)
15280. rural north central (435 cases)
15400. rural northeast (211 cases)
15613. urban west (482 cases)
15680. rural south (729 cases)
16319. rural west (158 cases)
0. high-income sample (438 cases)
B3004 1983 POST-STRATIFICATION WEIGHT.
This variable is identical to B3003 except that a different
post-stratification scheme is used. Observations were grouped
into five geographic areas within each U.S. region: (1)
central cities of SMSAs with more than 1,000,000 persons
(B3119 = 1,2); (2) other areas within SMSAs with more than
1,000,000 persons (B3119 = 4,5); (3) central cities of SMSAs
with less than 1,000,000 (B3119 = 3); (4) other areas within
SMSAs with less than 1,000,000 (B3119 = 6); and (5) non-SMSA
areas (B3119 = 7). SMSA and central city distinctions were
made according to 1970 Census definitions, because these were
used in the basic sampling frame. The one million person
cutoff, however, was made according to the 1983 estimated
population of each 1970-defined SMSA. Post-stratification
weights were computed for each of the 20 U.S. areas to blow-up
the full area probability sample (adjusted for non-response)
into the estimated 1983 U.S. total of 83,918,000 households
(and the 20 sub-groups as well). Unlike B3003, the
post-stratification for the western region in B3004 includes
Alaska and Hawaii. This ex-post weighting scheme is
essentially the same as that used by the Census Bureau in
reporting the March 1983 CPS survey, which used a similar
sampling strategy as that of the SCF.
9235. northeast, suburban, less than 1,000,000 in the SMSA
(215 cases)
10801. north central, suburban, less than 1,000,000 in the
SMSA (188 cases)
13123. south, suburban, less than 1,000,000 in the SMSA
(265 cases)
14112. north central, non-SMSA (404 cases)
14274. north central, center city, less than 1,000,000 in the
SMSA (150 cases)
14958. south, non-SMSA (652 cases)
15191. west, center city, more than 1,000,000 in the SMSA (131 cases)
15533. north central, center city, more than 1,000,000 in the
SMSA (144 cases)
15833. south, suburban, more than 1,000,000 in the SMSA (153 cases)
16081. west, non-SMSA (158 cases)
16500. northest, center city, more than 1,000,000 in the SMSA
(144 cases)
16665. northeast, suburban, more than 1,000,000 in the SMSA
(192 cases)
17077. northeast, non-SMSA (149 cases)
17202. south, center city, more than 1,000,000 in the SMSA
(92 cases)
18123. west, suburban, less than 1,000,000 in the SMSA (106 cases)
18427. west, suburban, more than 1,000,000 in the SMSA (163 cases)
18439. northeast, center city, less than 1,000,000 in the SMSA
(73 cases)
19621. west, center city, less than 1,000,000 in the SMSA (82 cases)
19973. south, center city, less than 1,000,000 in the SMSA (189 cases)
21608. northeast, suburban, more than 1,000,000 in the SMSA
(174 cases)
0. high-income sample (438 cases)
B3005 FULL SAMPLE 1983 COMPOSITE WEIGHT.
This variable is equal to the non-response adjustment factor
weight (B3002) times the 1983 post-stratification weight
(B3004). THIS IS THE RECOMMENDED WEIGHT TO USE WITH THE FULL
AREA PROBABILITY SAMPLE. This weight will "blow up" the 3,824
observation full area probability sample into the aggregate
U.S. household population (including Alaska and Hawaii) as
measured by the 1983 CPS. The average value of B3005 is
21,945.3 and it totals 83,918,807.
xxxxx. weight (10,860 to 50,299)
0. high-income sample (438 cases)
"Cleaned" Area Probability Sample Weights
B3006 INCLUSION PROBIT PREDICTED VALUE.
This variable is the "y-hat" of the "cleaned" area probability
sample inclusion probit model.
xxxxx. "y hat" times 10000 (2,111 to 48,565)
0. high-income sample (438 cases)
B3007 CLEANED SAMPLE INCLUSION WEIGHT.
This variable is the inverse of the estimated probability that
an observation would be included in the cleaned area
probability sample, given it is in the full area probability
sample. Its average is 1.04313. This variable will blow the
cleaned sample up into the full sample.
xxxxx. weight times 10000 (10,000 to 17,135)
0. high-income sample or excluded area probability sample
(597 cases)
B3008 CLEANED AREA PROBABILITY 1980 POST-STRATIFICATION
WEIGHT.
This variable will post-stratify the cleaned area probability
sample to the household totals and regional distribution of
the 1980 Census. It is approximately equal to B3003 times
B3007 (the post-stratification was changed slightly). This
variable times B3002 (divided by 10,000) is the variable used
to weight the data presented in the September 1984 and
December 1984 Federal Reserve Bulletin articles on the 1983
SCF. The average value of this weight is 15,496.5 for the
3,665 observations in the cleaned sample.
xxxxx. weight (13,958 to 25,536)
0. high-income or excluded area probability sample (597 cases)
B3009 CLEANED AREA PROBABILITY 1983 POST-STRATIFICATION
WEIGHT.
This variable will post-stratify the cleaned area probability
sample to the household totals by region in the 1983 CPS. It
is approximately equal to B3004 times B3007. The average
value of this weight is 16,217.9 for the 3,665 observations in
the cleaned sample.
xxxxx. weight (9,276 to 35,950)
0. high-income or excluded area probability sample (597 cases)
B3010 CLEANED-SAMPLE 1983 COMPOSITE WEIGHT.
This variable is equal to the non-response adjustment factor
weight (B3002) times the post-stratification weight (B3009).
THIS IS THE RECOMMENDED WEIGHT TO USE WITH THE CLEANED AREA
PROBABILITY SAMPLE. This weight will blow the 3,665
observation area probability sample up into the aggregate
(including Alaska and Hawaii) U.S. household population as
measured by the 1983 CPS. The average value of B3010 is
22,897.4 and it totals 83,919,054.
xxxxx. weight (10,974 to 56,337)
0. high-income or excluded area probability sample (597 cases)
B3011 INCLUSION ERROR EXPECTATION.
This variable is the expectation of the underlying latent
variable error in the cleaned area probability sample probit
inclusion equation conditioned on an observation appearing in
the cleaned sample (the Mills ratio). Use of this variable as
an independent regressor in estimating analytic models may at
least partially correct for sample selection bias.
xxxxx. error expectation times 10000 (9,370 to 50,409)
0. high-income or excluded area probability sample (597 cases)
High-income and Total Sample Weights
B3012 HIGH-INCOME SAMPLE WEIGHTS.
This variable is given only for the high-income sample and
gives relative sampling weights within that sample as computed
by the IRS and the Office of Tax Analysis. This weight should
generally be the one used when performing analysis using only
the high-income sample. B3012 takes on only nine different
values ranging from 60 to 2,533. The nine different classes
reflect the original sampling frame and are based primarily on
income. The mean of B3010 is 1,280.34.
60. (19 cases)
121. (100 cases)
201. (48 cases)
261. (16 cases)
442. (21 cases)
1528. (58 cases)
2191. (21 cases)
2472. (46 cases)
2533. (109 cases)
0. area probability sample (3824 cases)
B3013 FULL SAMPLE PSU CODE.
This variable gives a unique sampling cell number to all
observations in the sample. This variable can be used in
forming weights. Values 1 through 9 are the nine cells in
B3012 for the high-income observations. The remainder
indicate area probability sample PSUs. Values 10 through 22
are self-representing PSUs. Values 23 through 54 are PSUs
primarily in SMSAs and urban areas. Values 55 through 84
imply PSUs primarily in rural counties.
xx. cell number (1 to 84)
B3014 FULL SAMPLE SRC COMPOSITE WEIGHT.
This weight combines the non-response weight (B3002), the 1980
post-stratification weight (B3003), high-income weights
(B3010), and an income-based adjustment to mesh the full area
probability sample with the high-income sample. The income
adjustment is very slight for those area probability sample
observations with incomes below $50,000. Area probability
sample observations in higher income strata will have a much
more significant reduction in their weight. The high-income
sample weights are essentially the same as B3012 times 2, with
a slight population adjustment. B3014 will blow the full
sample up into the aggregate 1980 U.S. household population.
xxxxx. weight (173 to 40,069)
B3015 FULL CLEANED SAMPLE SRC COMPOSITE WEIGHT.
This variable is identical to B3014 except that it applies to
the cleaned area probability sample and uses the 1983
post-stratification weight B3009. This is the weight that was
used for the March 1986 Federal Reserve Bulletin article.
xxxxx. weight (182 to 56,264)
0. excluded area probability sample observations (159 cases)
B3016 EXTENDED INCOME FRB WEIGHT.
This is a full sample weight which should be similar to B3015
in use. It was constructed by post-stratification to the 1982
IRS tables using extended income (see the summary for a
description). THIS IS THE RECOMMENDED FULL SAMPLE WEIGHT.
The total number of implied households is 83,917,975, with a
mean weight of 20452.8 No missing values.
xxxxx. weight (546 to 56,473)
0. excluded area probability sample observations (159 cases)
B3017 REVISED SRC AREA PROBABILITY WEIGHT.
This variable is the revised SRC weight as of 1987. It takes
into account the removal of the 159 excluded area probability
cases, and post-stratifies to July 1, 1983 Census population
figures.
xxxxx. weight (16,529 to 44,471)
0. high-income and excluded area probability sample
observations (597 cases)
B3018 REVISED SRC HIGH-INCOME WEIGHT.
This variable is the revised SRC high-income sample weight as
of 1987. This weight takes into account different response
rates from the self-representing and other PSUs for the
initial SOI sampling.
xxxx. weight (59 to 11,783)
0. area probability sample (3824 cases)
B3019 REVISED SRC COMPOSITE WEIGHT.
This variable is the revised SRC composite weight as of 1987.
It combines B3017 and B3018 and is designed to be used with
the full 4103 sample.
xxxxx. weight (60 to 43,601)
0. excluded area probability sample observations (159 cases)
Pension Provider Survey
(H) Head (husband if Married)
(S) Spouse (wife)
B3031 (H) COMPLETION CODE.
B3053 (S) This variable is a constructed variable indicating
whether or not the Pension
Provider Survey was successfully completed.
1. the Pension Provider Survey completed and coded
(1181/460 cases)
2. the Pension Provider Survey contact made, but the
survey could not be coded (288/67 cases)
3. permission for the Pension Provider Survey given,
but could not contact the pension provider (18/3 cases)
4. permission for the Pension Provider Survey given
and contact made; however, respondent/spouse
actually not eligible for pension and should not
have been asked for pension information (38/6 cases)
5. eligible for the Pension Provider Survey, but
permission and/or the name of the pension provider
not given (147/53 cases)
6. not eligible for Pension Provider Survey (2590/2147 cases)
0. INAP, no spouse (0/1526 cases)
B3032 (H) PENSION CORRESPONDENCE.
B3054 (S) This variable indicates which job identified at the
interview as appropriate for the Pension Provider
Survey. If the Pension Provider Survey was completed,
this variable indicates which job it applies to.
1. Pension Provider Survey corresponds to current job
(1537/544 cases)
2. Pension Provider Survey corresponds to the job
before retired/disabled or the last paid job if a
student or housewife (44/28 cases)
3. Pension Provider Survey corresponds to longest
prior job (83/16 cases)
4. Pension Provider Survey corresponds to the job from
which respondent expects to or now receives a
pension (8/1 cases)
0. INAP, no Pension Provider job information given or
no spouse (2590/3673 cases)
question: X14/X15
B3033 (H,#1) PENSION PROVIDER SURVEY PENSION PROVIDER ID NUMBER.
B3038 (H,#2) This variable indicates the four digit number assigned to
B3043 (H,#3) the pension provider sought for this observation. Answered
B3048 (H,#4) Answered only if contact with the pension provider was sought
B3055 (S,#1) (B3031 or B3053 coded 1 to 4). Normally only one provider was
B3060 (S,#2) sought per person. In about ten cases, however, it turned out
B3065 (S,#3) that an individual had two providers (usually with two plans).
B3070 (S,#4) In these instances B3033 may be different than B3038
etc. It was common, though, for the person to be in
multiple plans provided by the same provider. This will
be indicated in the file by the variable B3035
etc. The variable B3033 etc. corresponds to the
variable V3 (PPID) in the Provider Survey file.
xxxx. code (5001-8033)
0. INAP not in Pension Provider Survey, no spouse,
or not that many plans (2737/4132/4239/4261
3726/4219/4258/4262 cases)
B3034 (H,#1) PENSION PROVIDER SURVEY RESULT CODE.
B3039 (H,#2) This variable indicates the result of the Pension Provider
B3044 (H,#3) Survey inquiry for this observation and this plan. Answered
B3049 (H,#4) only if contact with the pension provider was sought (B3031
B3056 (S,#1) or B3053 coded 1 to 4). Except in a few instances this
B3061 (S,#2) variable will have the same value for all plans of a person.
B3066 (S,#3)
B3071 (S,#4) 1. complete interview (1181/125/22/1/460/42/4/0 cases)
2. partial interview -- no SPD (129/1/0/31/0/0/0 cases)
3. complete interview but incomplete SPD
(72/4/1/0/10/1/0/0 cases)
4. refusal by provider to complete interview
(87/0/0/0/26/0/0/0 cases)
5. no pension plan at provider (28/0/0/0/4/0/0/0 cases)
6. pension plan at provider but respondent/spouse job
not covered (10/0/0/0/2/0/0/0 cases)
7. inadequate or incorrect name/address of provider
given (4/0/0/0/1/0/0/0 cases)
8. could not locate provider (14/0/0/0/2/0/0/0/0 cases)
0. INAP not in Pension Provider Survey, no spouse, or
not that many plans (2737/4132/4239/4261
3726/4219/4258/4262 cases)
B3035 (H,#1) PENSION PROVIDER SURVEY PENSION PLAN NUMBER.
B3040 (H,#2) This variable indicates the three digit pension plan number
B3045 (H,#3) assigned to this particular observation in the Pension
B3050 (H,#4) Provider Survey. Answered only if the Pension Provider Survey
B3057 (S,#1) was successfully coded (B3031 or B3053 coded 1). This number
B3062 (S,#2) is should be used in combination with the Provider ID for a
B3067 (S,#3) unique identification of the plan/provider. It corresponds to
B3072 (S,#4) to variable V4 (PLAN #) in the Provider Survey file.
xxx. code (1-997)
-8. plan number not assigned (30/0/0/0/31/1/0/0 cases)
-9. NA, no official plan number (270/11/1/0/151/9/0/0 cases)
0. INAP not in Pension Provider Survey, no spouse,
or not that many plans (3081/4137/4240/4261
3802/4220/4258/4262 cases)
B3036 (H,#1) PENSION PROVIDER SURVEY PENSION PLAN SEQUENCE NUMBER.
B3041 (H,#2) This variable indicates the sequence code number of the
B3046 (H,#3) Pension Provider Survey plan which corresponds to the
B3051 (H,#4) observation. Answered only if the Pension Provider Survey was
B3058 (S,#1) successfully coded (B3031 or B3053 coded 1). Both head and
B3063 (S,#2) spouse could have up to four different pension plan sequence
B3068 (S,#3) IDs. This variable corresponds to the variable V2 (SEQ #)
B3073 (S,#4) in the Provider Survey file.
xxxx. code (1-1132)
0. INAP not in Pension Provider Survey, no spouse,
or not that many plans (3081/4137/4240/4261
3802/4220/4258/4262 cases)
B3037 (H,#1) PENSION PROVIDER SURVEY PENSION INTERVIEW CODING ID.
B3042 (H,#2) This variable indicates the code number of the Pension
B3047 (H,#3) Provider Survey plan which corresponds to the observation.
B3052 (H,#4) Answered only if the Pension Provider Survey was successfully
B3059 (S,#1) coded (B3031 or B3053 coded 1). Both Head and Spouse could
B3064 (S,#2) have up to four different Pension Plans IDs, although only one
B3069 (S,#3) pension provider contact was made for each individual. This
B3074 (S,#4) occurred because some pensions had multiple plans and
parts. This variable correspondes to the variable V1
(CODING ID) in the Provider Survey file. If the code
is between 1 and 2,999 then it indicates that the plan
is a defined benefit plan. If the code is between
3,000 and 4,999 then the plan is a defined benefit
plan. If the code is 5,000 or over then it signifies
a mixed defined benefit/contribution plan.
xxxx. code (1-5043)
0. INAP not in Pension Provider Survey, no spouse,
or not that many plans (3081/4137/4240/4261
3802/4220/4258/4262 cases)
1986 Survey of Consumer Finances
B3075 1986 SURVEY OF CONSUMER FINANCES CONTACT STATUS.
This variable indicates the status of the household in the
1986 Survey of Consumer Finances.
1. excluded area probability observation, not used for either
1983 or 1986 samples (159 cases)
2. household interviewed in 1983 but not in 1986 (1322 cases)
3. household interviewed in 1986 as an intact unit (2612 cases)
4. household split in 1986, both respondent and spouse
interviewed separately (41 cases, thus 82 cases in 1986)
5. household split in 1986, only one part (respondent or
spouse) interviewed (128 cases)
B3076 (H) 1986 SURVEY OF CONSUMER FINANCES LOCATION CODE.
B3078 (S) This variable indicates whether the 1983 head (and/or
spouse) participated in the 1986 Survey of Consumer
Finances. No missing values.
1. head/spouse married in 1983, still married in 1986
and interviewed in 1986 (counted as one 1986
observation) (1748/1748 cases)
3. head/spouse married in 1983, still married in 1986
and couple found but refused interview in 1986
(284/284 cases)
4. head/spouse married in 1983, still married in 1986
and couple could not complete interview because of
physical inability of respondent in 1986 (8/8 cases)
5. head/spouse married in 1983, still married in 1986
and couple could not complete interview because of
language problem in 1986 (7/7 cases)
6. head/spouse married in 1983, still married in 1986
and couple could not complete interview because
household was overseas during entire study period
in 1986 (7/7 cases)
7. head/spouse married in 1983, 1986 marital status
unknown, neither respondent nor spouse could be
located in 1986 (229/229 cases)
8. head/spouse married in 1983, 1986 marital status
unknown, household not included for 1986 survey
because it refused to give either address or phone
recontact information in 1983 (46/46 cases)
9. head/spouse married in 1983, 1986 marital status
unknown, household not included for 1986 survey
because excluded by SRC randomly (109/109 cases)
10. head/spouse married in 1983, 1986 marital status
unknown, household not included for 1986 survey
because it was in the excluded area probability
sample in 1983 (it did give recontact information,
however) (93/93 cases)
11. head/spouse married in 1983, no longer together in
1986 and head (or spouse) interviewed in 1986 (thus
if both B3040 and B3042 are coded 11 the household
counts as two 1986 observations, if only one is
coded 11 then it counts as one 1986 observation)
(88/112 cases)
12. head/spouse married in 1983, no longer together in
1986 and head (or spouse) gave a partial interview
in 1986 (not treated as a 1986 observation) (9/9 cases)
13. head/spouse married in 1983, no longer together in
1986 and head (or spouse) found but refused
interview in 1986 (5/12 cases)
14. head/spouse married in 1983, no longer together in
1986 and head (or spouse) could not complete
interview because of physical inability in 1986 (3/3 cases)
16. head/spouse married in 1983, no longer together in 1986
and head (or spouse) could not complete interview
because household was overseas during entire study
period in 1986 (0/1 cases)
17. head/spouse married in 1983, head (or spouse)
deceased in 1986 (73/36 cases)
18. head/spouse married in 1983, no longer together in
1986 and head (or spouse) could not be located in
1986 (23/20 cases)
19. head/spouse living as partners in 1983, no longer
together in 1986 and head (or spouse) was not
pursued for an interview in 1986 (4/2 cases)
21. respondent not married in 1983, interviewed in 1986
(counted as one 1986 observation) (864/0 cases)
23. respondent not married in 1983, respondent found
but refused interview in 1986 (131/0 cases)
24. respondent not married in 1983, respondent could
not complete interview because of physical
inability in 1986 (14/0 cases)
25. respondent not married in 1983, respndent could not
complete interview because of language problem in
1986 (3/0 cases)
26. respondent not married in 1983, could not complete
interview because respndent was overseas during
entire study period in 1986 (4/0 cases)
27. respondent not married in 1983, respondent deceased
in 1986 (45/0 cases)
28. respondent not married in 1983, respondent could
not be located in 1986 (253/0 cases)
29. respondent not married in 1983, household not
included for 1986 survey because it refused to give
address or phone recontact information in 1983 (35/0 cases)
30. respondent not married in 1983, household not
included for 1986 survey because it was excluded by
SRC randomly (126/0 cases)
31. respondent not married in 1983, household not
included for 1986 survey because it was in the
excluded area probability sample in 1983 (it did give
recontact information, however) (51/0 cases)
0. INAP, no spouse (0/1526 cases)
B3077 (H) 1986 SURVEY OF CONSUMER FINANCES ID CODE.
B3079 (S) This variable is the 1986 ID code (V1 number)
corresponding to the head (and spouse in B3043 if
interviewed separately).
xxxx. ID number (17-7340)
0. INAP, household excluded from 1986 survey or no
spouse (460/1774 cases)
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HOUSEHOLD DEMOGRAPHICS
Persons in Household
B3101 TOTAL NUMBER OF PERSONS IN HOUSEHOLD (PRIMARY FAMILY).
This is the total number of people in the household (or
primary family) referred to throughout the questionnaire. It
excludes all non-related persons who live in the household
unit (dwelling) but are not in the primary family. This variable
corresponds to the Census Bureau's terms "family" or
"non-family householder" and SRC's term "family unit." As
indicated in the summary, for household units with multiple
families, only the primary family was interviewed. Household
composition is taken from the interviewer coding sheet. No
missing values.
1. one (938 cases)
2. two (1272 cases)
3. three (717 cases)
4. four (683 cases)
5. five (307 cases)
6. six (115 cases)
7. seven (40 cases)
8. eight (21 cases)
9. nine (7 cases)
11. eleven (2 cases)
13. thirteen (1 case)
B3102 TOTAL NUMBER OF PERSONS IN HOUSEHOLD 18 OR OLDER.
This total excludes any non-related persons who live in the
household structure but are not in the primary family. Age is
determined from the interviewer coding sheet. Even if the
respondent or spouse are under 18 he/she will be included
here. No missing values.
1. one (1169 cases)
2. two (2232 cases)
3. three (482 cases)
4. four (169 cases)
5. five (34 cases)
6. six (15 cases)
7. seven (1 case)
8. eight (1 case)
B3103 TOTAL NUMBER OF PERSONS IN HOUSEHOLD 65 OR OLDER.
This total excludes any non-related persons who live in the
household structure but are not in the primary family. Age is
determined from the interviewer coding sheet. No missing values.
1. one (588 cases)
2. two (320 cases)
3. three (6 cases)
4. four (1 case)
0. no household members 65 or older (3188 cases)
B3104 TOTAL NUMBER OF PERSONS IN HOUSEHOLD UNDER 18.
This total excludes any non-related persons who live in the
household structure but are not in the primary family. Age is
determined from the interviewer coding sheet. Respondent or
spouse are not included here even if under 18 (B3104 plus
B3102 will equal B3101). No missing values.
1. one (667 cases)
2. two (624 cases)
3. three (228 cases)
4. four (71 cases)
5. five (27 cases)
6. six (5 cases)
7. seven (6 cases)
8. eight (2 cases)
0. no household members under 18 (2473 cases)
B3105 AGE OF YOUNGEST CHILD UNDER 18.
Excludes any non-related persons who live in the household
structure but are not in the primary family. It includes all
children under 18, not just the children of the respondent
and/or spouse. Age is determined from the interviewer coding
sheet. Respondent or spouse are not listed here even if under
18. No missing values.
1. one (288 cases)
2. two (158 cases)
3. three (88 cases)
4. four (92 cases)
5. five (84 cases)
6. six (82 cases)
7. seven (76 cases)
8. eight (79 cases)
9. nine (75 cases)
10. ten (76 cases)
11. eleven (73 cases)
12. twelve (77 cases)
13. thirteen (82 cases)
14. fourteen (66 cases)
15. fifteen (64 cases)
16. sixteen (84 cases)
17. seventeen (86 cases)
0. no household members under 18 (2473 cases)
B3106 AGE OF OLDEST CHILD UNDER 18.
Excludes any non-related persons who live in the household
structure but are not in the primary family. Age is
determined from the interviewer coding sheet. Respondent or
spouse are not listed here even if under 18. No missing values.
1. one (114 cases)
2. two (81 cases)
3. three (69 cases)
4. four (64 cases)
5. five (67 cases)
6. six (70 cases)
7. seven (64 cases)
8. eight (75 cases)
9. nine (77 cases)
10. ten (79 cases)
11. eleven (81 cases)
12. twelve (89 cases)
13. thirteen (95 cases)
14. fourteen (104 cases)
15. fifteen (112 cases)
16. sixteen (175 cases)
17. seventeen (214 cases)
0. no household members under 18 (2473 cases)
B3107 NUMBER OF CHILDREN OF RESPONDENT/SPOUSE NOT LIVING WITH THEM.
Indicates the number of children of either the respondent or
spouse not living in the household (thus not included in
totals above). This should include children of previous
marriages living with former spouses or older children in
college or on their own. No persons listed on the interviewer
coding sheet (see B3125 - B3154) are included here. No
missing values.
1. one (565 cases)
2. two (628 cases)
3. three (421 cases)
4. four (257 cases)
5. five (121 cases)
6. six (73 cases)
7. seven (34 cases)
8. eight (17 cases)
9. nine (13 cases)
10. ten (5 cases)
11. eleven (5 cases)
12. twelve (4 cases)
13. thirteen (1 case)
16. sixteen (1 case)
17. seventeen (1 case)
0. none (1957 cases)
question: R63/R63a
B3108 TOTAL NUMBER OF CHILDREN OF RESPONDENT AND/OR SPOUSE.
The total number of living children of respondent and/or
spouse including those not living in the household (B3107 plus
children of respondent and/or spouse included in B3104). No
missing values.
1. one (633 cases)
2. two (1071 cases)
3. three (672 cases)
4. four (418 cases)
5. five (233 cases)
6. six (117 cases)
7. seven (69 cases)
8. eight (45 cases)
9. nine (22 cases)
10. ten (15 cases)
11. eleven (10 cases)
12. twelve (4 cases)
13. thirteen (4 cases)
14. fourteen (2 case)
17. seventeen (2 case)
0. none (786 cases)
B3109 HOUSEHOLD UNIT COMPOSITION CODE.
Type of household unit. Describes residents of the household
unit or dwelling.
1. nuclear family -- single persons living by themselves or
only with spouse and/or children (3634 cases)
2. extended family -- nuclear family plus other related
persons living in the household (brother, parent, etc.) (296 cases)
3. unrelated persons only -- household dwelling includes only
respondent plus other unrelated individuals (roommates
etc.) These individuals would be termed unrelated
individuals or residents of group quarters by the Census
Bureau (133 cases)
4. nuclear family plus -- household dwelling includes nuclear
family (respondent plus spouse and/or children) plus at
least one unrelated individual (a Census defined unrelated
subfamily, formerly called a secondary family, or an
unrelated individual) (31 cases)
5. extended family plus -- household dwelling includes
extended family (respondent plus other relatives) plus at
least one unrelated individual (a Census defined unrelated
subfamily or unrelated individual) (9 cases)
Household Characteristics
B4503 AGE OF HEAD BY DATE OF BIRTH.
The head is the respondent for single persons and the husband
for married couples. No missing values.
xx. years (15-98)
B3110 AGE OF HEAD BY DATE OF BIRTH -- RECODE.
A recode of B4503.
1. under 25 (295 cases)
2. 25-34 (862 cases)
3. 35-44 (777 cases)
4. 45-54 (680 cases)
5. 55-64 (673 cases)
6. 65-74 (527 cases)
7. 75 and over (289 cases)
B3126 SEX OF HEAD.
The head is the respondent for single persons and the husband
for married couples. No missing values.
1. male (3135 cases)
2. female (968 cases)
B3111 RACE OF HOUSEHOLD.
Variable is the observed race of the survey respondent. All
missing values were imputed using census data and other sources.
1. caucasion except hispanic (3468 cases)
2. black except hispanic (478 cases)
3. hispanic (111 cases)
4. American indian or Alaskan native (9 cases)
5. Asian or pacific islander (37 cases)
question: X3
B3112 MARITAL STATUS OF RESPONDENT.
No missing values (no imputations were needed).
1. married (includes common-law marriage or couples living
together as "partners") (2635 cases)
2. separated (144 cases)
3. divorced (431 cases)
4. widowed (442 cases)
5. never married (451 cases)
question: R59
B3113 EDUCATION OF HEAD -- RECODE.
A recode of B4505 through B4507. The head is the respondent
for single persons and the husband for married couples.
1. 0-8 grades (560 cases)
2. 9-12 grades, no high school diploma (511 cases)
3. high school diploma or equivalent, no college (1201 cases)
4. some college, no college degree (678 cases)
5. college degree (1153 cases)
B3114 OCCUPATION OF HEAD -- RECODE.
Recode of current job if working, or previous job if retired,
disabled, or unemployed. The head is the respondent for
single persons and the husband for married couples.
1. professional, technical, and kindred workers (640 cases)
2. managers and administrators (except farm) (642 cases)
3. self-employed managers (234 cases)
4. sales, clerical, and kindred workers (518 cases)
5. craftsmen, protective service, and kindred workers (675 cases)
6. operatives, laborers, and service workers (1167 cases)
7. farmers and farm managers (92 cases)
8. miscellaneous (members of armed services, housewives,
students, never worked, and other occupations) (135 cases)
B3115 LABOR FORCE PARTICIPATION -- RECODE
1. single household, not in labor force (635 cases)
2. single household, in labor force (833 cases)
3. respondent and spouse household, neither in labor force (389 cases)
4. respondent and spouse household, one in labor force (1077 cases)
5. respondent and spouse household, both in labor force (1169 cases)
B3116 LIFE-CYCLE STAGE OF HOUSEHOLD.
The head is the respondent for single persons and the husband
for married couples. No missing values.
1. neither respondent or spouse 65 or over, with some relative
of respondent or spouse, over age 18, living in household,
but no relatives under 18 (1040 cases)
2. neither respondent or spouse 65 or over, no other relatives
living in household (623 cases)
3. either respondent or spouse 65 or over, with some relative
of respondent or spouse, over age 18, living in household,
but no relatives under 18 (495 cases)
4. either respondent or spouse 65 or over, no other relatives
living in household (315 cases)
5. head married, relatives 18 or under living in household (1238 cases)
6. female-headed household (must be single), relatives 18 or
under living in the household, but no relative over 18 (270 cases)
7. unmarried head, relatives 18 or under in the household, and
either male-headed or female-headed with other relatives
over 18 present (122 cases)
B3201 TOTAL 1982 HOUSEHOLD INCOME.
Total reported income. No missing values.
xxxxxxx. dollars (-24,062 to 3,425,887)
B3203 TOTAL 1982 HOUSEHOLD INCOME -- RECODED.
A recode of B3201.
1. less than $5,000 (351 cases)
2. $5,000-7,499 (298 cases)
3. $7,500-9,999 (263 cases)
4. $10,000-14,999 (525 cases)
5. $15,000-19,999 (457 cases)
6. $20,000-24,999 (385 cases)
7. $25,000-29,999 (326 cases)
8. $30,000-39,999 (462 cases)
9. $40,000-49,999 (255 cases)
10. $50,000 and more (781 cases)
Geographic Location
B3117 REGION OF THE COUNTRY.
Not given for the high-income sample.
1. northeast (Maine, Massachusetts, Connecticut, New York, New Jersey,
Pennsylvania) (737 cases)
2. north central (Ohio, Indiana, Illinois, Michigan,
Wisconsin, Minnesota, Missouri, Nebraska, Iowa, South
Dakota) (1016 cases)
3. south (Virginia, North Carolina, South Carolina, Georgia,
Florida, Alabama, Mississippi, Louisiana, Arkansas,
Tennessee, Texas, Oklahoma, Kentucky, Maryland, District of
Columbia, West Virginia) (1289 cases)
4. west (Colorado, Utah, Arizona, California, Oregon,
Washington) (623 cases)
0. high-income sample (438 cases)
B3118 BELT CODE.
This variable was coded according to the 1970 Census with
additions from census population reports. It was used for the
1980 post-stratification weight (B3003). Not given for the
high-income sample.
1. central cities of the two Standard Consolidated Areas
(SCA's) plus the ten largest SMSA's -- New York, Los
Angeles, Chicago, Philadelphia, Boston, Washington,
Baltimore, Detroit, San Francisco, St Louis, Cleveland,
Pittsburgh. These are the self-representing PSUs (316 cases)
2. central cities of other SMSA's (648 cases)
3. suburbs of the two SCA's or ten largest SMSA's. Suburbs
are defined as all urbanized areas within the SMSA
exclusive of the central city plus the remainder of any
county containing a central city or part of a central city
(516 cases)
4. suburbs of other SMSA's (714 cases)
5. adjacent areas. An adjacent area includes all territory
beyond the outer boundary of the suburban belt, but within
fifty miles of the central business district of a central
city. This can still be in the SMSA (844 cases)
6. outlying areas. An outlying area includes all territory
more than fifty miles from the central business district of
a central city. This can still be in the SMSA (627 cases)
0. high-income sample (438 cases)
B3119 1970 SMSA CODE.
This variable was coded according to SMSA territorial
definitions defined as of 1970 (although the population cutoff
was made using 1983 population figures). This variable was
used for the 1983 post-stratification weights (B3004). Not
given for the high-income sample.
1. central cities of SMSAs with more than 1,000,000 population
in 1983 (488 cases)
2. central cities of SMSAs with less than 1,000,000 population
in 1983 (476 cases)
3. other, non-central city, areas within SMSAs with more than
1,000,000 population in 1983 (648 cases)
4. other, non-central city, areas within SMSAs with less than
1,000,000 population in 1983 (743 cases)
5. areas not in an SMSA (1310 cases)
0. high-income sample (438 cases)
B3120 1983 SMSA CODE.
This variable was coded according to SMSA territorial
definitions as of March 1983. Not given for the high-income sample.
1. central cities of SMSAs with more than 1,000,000 population
in 1983 (494 cases)
2. central cities of SMSAs with less than 1,000,000 population
in 1983 (548 cases)
3. other, non-central city, areas within SMSAs with more than
1,000,000 population in 1983 (642 cases)
4. other, non-central city, areas within SMSAs with less than
1,000,000 population in 1983 (850 cases)
5. areas not in an SMSA (1131 cases)
0. high-income sample (438 cases)
B3121 STATE.
Observations from only 37 states (plus D.C.) are included in
the survey. This code is given to help facilitate data
matches. The individual state data, however, are not
representative and should not be used to represent the state.
The SCF was designed to be representative for a unit no
smaller the four census regions of the country subdivided into
urban and rural. Use of individual state data, therefore, may
lead to very misleading results. Some states, for example,
are represented only by rural sampling units, and others by
only urban sampling units. The code given is the same as the
census FIPS code. Not given for the high-income sample.
1. Alabama (35 cases)
4. Arizona (39 cases)
5. Arkansas (166 cases)
6. California (325 cases)
8. Colorado (46 cases)
9. Connecticut (66 cases)
11. District of Columbia (6 cases)
12. Florida (152 cases)
13. Georgia (109 cases)
17. Illinois (194 cases)
18. Indiana (50 cases)
19. Iowa (87 cases)
21. Kentucky (79 cases)
22. Louisiana (82 cases)
23. Maine (33 cases)
24. Maryland (38 cases)
25. Massachusetts (101 cases)
26. Michigan (169 cases)
27. Minnesota (59 cases)
28. Mississippi (46 cases)
29. Missouri (98 cases)
31. Nebraska (47 cases)
34. New Jersey (131 cases)
36. New York (213 cases)
37. North Carolina (159 cases)
39. Ohio (214 cases)
40. Oklahoma (55 cases)
41. Oregon (71 cases)
42. Pennsylvania (193 cases)
45. South Carolina (76 cases)
46. South Dakota (63 cases)
47. Tennessee (66 cases)
48. Texas (107 cases)
49. Utah (66 cases)
51. Virginia (70 cases)
53. Washington (76 cases)
54. West Virginia (43 cases)
55. Wisconsin (35 cases)
0. high-income sample (438 cases)
Respondent
B3122 SURVEY RESPONDENT.
This is the individual with whom the survey was conducted
(though others may have been present at the interview and also
supplied answers). For dwelling units with multiple
individuals the selection of the survey respondent followed
the procedures described in the summary. Briefly, the interviewer
determined the "economically dominant" household member. This
was the person that owned or rented the home, or provided the
most income. Economic dominance was sometimes difficult to
determine, but generally implied the main breadwinner or the
most economically active. In the case of ties, the household
member closest to age 45 was selected. The family of the
economically dominant individual (all household members
related to them by blood, marriage, or adoption) was the
survey unit (primary family). The survey respondent was the
economically dominant individual or their spouse, whichever
was determined to be the "most knowledgeable about family
finances". The variable coded here indicates whether the head
(husband, if married) or spouse (wife) was the actual respondent.
1. head (3040 cases)
2. spouse (1063 cases)
B3123 SEX OF RESPONDENT
1. male (2072 cases)
2. female (2031 cases)
question: X1
Household Unit (Dwelling) Residents
B3124 TOTAL NUMBER OF PERSONS LIVING IN THE HOUSEHOLD
UNIT/DWELLING.
This includes all persons in the primary family, plus any
other unrelated non-family household members who share the
same dwelling unit. Persons listed here thus correspond to
members of what the Census Bureau refers to as the household
(or group quarters) and SRC calls residents of the household unit.
Individuals are included as residents of the household unit if:
(1) it wa their usual and only place of residence (even if
absent at the time of the interview); or (2), he/she was
physically living in the household unit at the time of the
interview and a place of residence was maintained for them there (thus
he/she could have other residences). A listing of the individuals
living in the household unit is given in the variables (B3125
- B3154). Information is available for each individual on
their age, sex, membership in the survey household, and
relationship to the head (husband, if married) of the primary family.
1. one (805 cases)
2. two (1360 cases)
3. three (738 cases)
4. four (697 cases)
5. five (313 cases)
6. six (118 cases)
7. seven (39 cases)
8. eight (23 cases)
9. nine (7 cases)
11. eleven (2 cases)
13. thirteen (1 case)
B3125 (#1) INDIVIDUAL'S RELATIONSHIP TO HOUSEHOLD HEAD.
B3128 (#2) Unrelated individuals (codes 31-39) are not included in the
B3131 (#3) primary family (survey household). Characteristics of up
B3134 (#4) to ten individuals in the household unit are given, with
B3137 (#5) information as recorded on the interviewer coding sheet. No
B3140 (#6) missing values.
B3143 (#7)
B3146 (#8) 1. head (husband, if married) (always in position #1)
B3149 (#9) (4103/0/0/0/0/0/0/0/0/0 cases)
B3152 (#10) 2. spouse (wife) (always in position #2, if applicable)
(0/2555/0/0/0/0/0/0/0/0 cases)
3. "partner" or "common-law spouse" (wife) (always in
position #2, if applicable. This is treated as a
married spouse in answering throughout the survey)
(0/80/0/0/0/0/0/0/0/0 cases)
4. child (and in-laws or step-children)
(0/422/1787/1099/418/140/50/19/6/2 cases)
5. grandchild (and in-laws or step-grandchildren)
(0/11/27/31/28/17/10/7/3/1 cases)
6. parent (and in-laws or step-parents)
(0/40/39/17/15/10/2/3/0/0 cases)
7. grandparent (and in-laws or step-grandparents)
(0/4/1/2/0/0/0/0/0/0 cases)
8. aunt/uncle (and in-laws or step-)
(0/1/1/0/0/0/0/0/0/0 cases)
9. cousin (and in-laws or step-)
(0/3/2/2/1/0/0/0/0/0 cases)
10. niece/nephew (and in-laws or step-)
(0/6/9/9/7/4/1/0/0/0 cases)
11. brother/sister (and in-laws or step-)
(0/41/24/14/24/14/8/2/1/0 cases)
12. great-grandchildren (and in-laws or step-)
(0/1/2/2/0/0/0/0/0/0 cases)
29. other relative (card given)
(0/1/1/0/0/1/0/0/0/0 cases)
31. roommate -- not included in survey household
(0/95/23/4/1/1/0/0/0/0 cases)
32. friend -- not included in survey household
(0/17/7/8/1/0/0/1/0/0 cases)
34. roomer/lodger/boarder -- not included in survey household
(0/13/8/4/5/3/1/1/0/0 cases)
35. live-in help, maid -- not included in survey
household (0/3/6/6/2/0/0/0/0/0 cases)
39. other unrelated persons -- not included in survey household
(0/5/1/2/1/0/0/0/0/0 cases)
0. INAP, not that many persons in household unit
(0/805/2165/2903/3600/3913/4031/4070/4093/4100 cases)
question: X4
B3126 (#1) INDIVIDUAL'S SEX.
B3129 (#2) Corresponds to individuals given above. No missing values.
B3132 (#3)
B3135 (#4) 1. male (3135/341/1007/628/273/105/39/16/6/1 cases)
B3138 (#5) 2. female (968/2957/931/572/230/85/33/17/4/2 cases)
B3141 (#6) 0. INAP (0/805/2165/2903/3600/3913/4031/4070/4093/4100
B3144 (#7) cases)
B3147 (#8)
B3150 (#9) question: X4
B3153 (#10)
B3127 (#1) INDIVIDUAL'S AGE.
B3130 (#2) This is the reported age at last birthday for the individuals
B3133 (#3) above as given by the interviewer code sheet. It may differ
B3136 (#4) from the age as determined from date of birth information for
B3139 (#5) the head or spouse. No missing values. Imputations were done
B3142 (#6) using date of birth, job history, and education for head and
B3145 (#7) spouse. Less than one year coded as 1.
B3148 (#8)
B3151 (#9) xx. years (1 to 98)
B3154 (#10) 0. INAP (0/805/2165/2903/3600/3913/4031/4070/4093/4100 cases)
question: X4
Survey Informant
B3155 RELATIONSHIP OF SURVEY RESPONDENT TO INFORMANT.
The informant is the first person contacted for information
about the household unit and from whom information was
solicited in order to determine who should be the survey respondent.
1. respondent is informant (3490 cases)
2. respondent is spouse or "partner" of informant (384 cases)
3. respondent is the child of the informant (25 cases)
4. respondent is the parent of the informant (78 cases)
5. respondent is the sibling of the informant (12 cases)
6. respondent is the grandparent of the informant (2 cases)
7. respondent is the roommate of the informant (24 cases)
8. respondent is unrelated to the informant (4 cases)
9. other relationship (3 cases)
9. NA (81 cases)
Interview Characteristics and Time
B3156 MONTH OF THE INTERVIEW.
All interviews took place between February and August 1983.
No missing values.
2. February 1983 (458 cases)
3. March 1983 (1544 cases)
4. April 1983 (944 cases)
5. May 1983 (541 cases)
6. June 1983 (469 cases)
7. July 1983 (145 cases)
8. August 1983 (2 cases)
B3157 DAY OF THE INTERVIEW.
Day of the month (when interview started if done at different
times). No missing values.
xx. day (1 to 31)
B3158 UNDERSTANDING.
The interviewer's assessment of the survey respondent's
understanding of the survey questions.
1. excellent (1449 cases)
2. good (1878 cases)
3. fair (620 cases)
4. poor (126 cases)
9. NA (30 cases)
question: X6
B3159 EXPRESSION.
The interviewer's assessment of the survey respondent's
ability to express themselves.
1. excellent (1319 cases)
2. good (1994 cases)
3. fair (651 cases)
4. poor (109 cases)
-9. NA (30 cases)
question: X7
B3160 SUSPICION EX-ANTE.
The interviewer's assessment as to whether or not the
respondent was suspicious before the interview.
1. not suspicious at all (2862 cases)
3. somewhat suspicious (997 cases)
5. very suspicious (203 cases)
-9. NA (41 cases)
question: X8
B3161 SUSPICION EX-POST.
The interviewer's assessment as to whether or not the
respondent was suspicious after the interview.
1. not suspicious at all (3203 cases)
3. somewhat suspicious (750 cases)
5. very suspicious (114 cases)
-9. NA (36 cases)
question: X9
B3162 INTEREST.
The interviewer's assessment of the respondent's interest
in the interview.
1. very high interest (509 cases)
2. above average interest (1437 cases)
3. average interest (1671 cases)
4. below average interest (365 cases)
5. very low interest (90 cases)
-9. NA (31 cases)
question: X10
B3163 (1st) OTHERS PRESENT.
B3164 (2nd) If other persons were present at the interview
(besides the respondent), he/she is coded here.
Up to two mentions of the kind of individuals present
are allowed.
1. only respondent (2067/0 cases)
2. children under six (264/207 cases)
3. older children (283/195 cases)
4. spouse (1012/69 cases)
5. other relatives (146/20 cases)
6. other adults (265/0 cases)
-9. NA (66/2 cases)
0. INAP no second mention (0/3610 cases)
Documents Used
(A) Loan questions
(B) Checking, savings, or investment questions
(C) Pension questions
(D) Income tax returns
B3165 ANY DOCUMENTS USED?
Interviewer's indication as to whether or not the respondent
referred to documents in answering questions.
1. frequently referred to documents (178 cases)
3. sometimes referred to documents (489 cases)
4. rarely referred to documents (622 cases)
5. never referred to documents (2768 cases)
-9. NA (46 cases)
question: X12
B3166 (A) SPECIFIC TYPES OF DOCUMENTS.
B3167 (B) Interviewer's indication of when respondent used documents.
B3168 (C) For loans, financial assets, pensions, or income tax data,
B3169 (D) information is given as to whether or not respondent
used documents. This information is given only if the
interviewer indicates that respondent frequently,
sometimes, or rarely used documents (B3165 coded 1, 3, or 4).
1. documents used for those questions
(338/410/242/437 cases)
5. documents not used for those questions
(945/873/1041/846 cases)
-9. NA (6/6/6/6 cases)
0. INAP documents never used (or NA whether ever use
documents) (2814/2814/2814/2814 cases)
question: X13
Recontact Information
B3170 (H) SOCIAL SECURITY NUMBER GIVEN.
B3171 (S) Interviewers asked repondent to give their (and their
spouse's) Social Security number "in order that SRC be
able to obtain the latest information about the
retirement benefits that you (or your spouse) and
others like you are likely to receive." This variable
indicates whether the number was given.
1. Social Security number given (3095/1801 cases)
5. Social Security number not given -- refused or no
number or unknown to respondent (1008/834 cases)
0. INAP, no spouse (0/1468 cases)
B3172 RECONTACT INFORMATION GIVEN.
This variable indicates the recontact information given by the
respondent to the interviewer. Respondents were asked to
verify their address and give a phone number to use in the
event that SRC needed to verify the interview. This variable
was used in determining eligibility for the 1986 Survey of Consumer
Finances.
1. mailing address and phone information given (3625 cases)
2. mailing address given, refused to give phone number (147 cases)
3. mailing address given, do not have a phone (255 cases)
4. mailing address refused, phone given (10 cases)
5. mailing address and phone refused (64 cases)
6. mailing address refused, do not have phone (2 cases)
Top of Page
HOUSEHOLD INCOME
Missing data on income was one of the most serious imputation
problems for the survey (about 13% were missing total income).
Imputations for the Income Section were done in a number of different
ways. General procedures were as follows. If only total income was
missing it was imputed as the sum of the parts. If only one part of
income was missing, but the total was reported, the part was
calculated as the difference. In all other cases the individual parts
of income were imputed (where missing), and total income imputed as
the sum. If both asset values relevant for income imputation and
income components were missing they were imputed simultaneously using
an iterative procedure. This technique builds maximum likelihood
estimates of the covariance matrix of the set of imputed variables
under the assumption that they are jointly normal and missing randomly
conditional on the other variables. Actual imputations follow from
the conditional expectation of the missing variable (computed from the
estimated covariance matrix) and a randomized error. More specifics
on the information used in computing the imputations is given below.
All high-income sample imputations were done separately.
1982 Gross (Pre-tax) Income Totals
B3201 TOTAL 1982 GROSS (PRE-TAX) HOUSEHOLD INCOME.
This variable is the reported total household income. It will
differ from the sum of the components of income (B3202) if
answered that way by respondents. However, if the sum total
differed from the reported total by less than $300 the total
was set equal to the sum. All missing values were imputed.
Imputations by the procedures described above.
xxxxxxx. dollars (-24,062 to 3,425,887)
question: T3
B3202 SUM OF 1982 HOUSEHOLD INCOME COMPONENTS.
This variable is the sum of all the components of income
listed below (B3205 + B3206 + B3207 + B3208 + B3209 + B3210 +
B3211 + B3212 + B3213 + B3214 + B3215 + B3216). It can differ
from the total provided by the household (B3201) as explained
above. All missing values were imputed.
xxxxxxx. dollars (-24,062 to 3,396,354)
0. zero (1 case)
B3203 CODED VARIABLE FOR 1982 HOUSEHOLD INCOME.
This variable is computed from total 1982 household income (B3201).
1. less than $5,000 (351 cases)
2. $5,000-7,499 (298 cases)
3. $7,500-9,999 (263 cases)
4. $10,000-14,999 (525 cases)
5. $15,000-19,999 (457 cases)
6. $20,000-24,999 (385 cases)
7. $25,000-29,999 (326 cases)
8. $30,000-39,999 (462 cases)
9. $40,000-49,999 (255 cases)
10. $50,000 and more (781 cases)
B3204 CODED VARIABLE FOR HOUSEHOLD INCOME BY DECILES.
This variable is computed from total 1982 household income
(B3201). Each category represents 10% of the weighted (by
B3016) survey households. The cleaned sample composite weight
was used. The weighted median income was $19,523. The 2% lower
and upper bounds were $2,615 and $99,000; and the 1% upper and
lower bounds were $1,603 and $142,000.
1. less than $5,219 (387 cases)
2. $5,219-8,557 (375 cases)
3. $8,558-12,000 (376 cases)
4. $12,001-15,437 (360 cases)
5. $15,438-19,523 (371 cases)
6. $19,524-24,000 (367 cases)
7. $24,001-29,800 (364 cases)
8. $29,801-37,100 (373 cases)
9. $37,101-49,984 (349 cases)
10. $49,985 and more (781 cases)
Individual Income Components
B3205 INCOME IN WAGES AND SALARY.
All missing values were imputed. This variables was the major
imputed income component. Where possible this variable was
imputed by head and spouse annual wages reported in the Job
Section deflated to 1982 dollars. If wage data were missing
(or of the previous job if there was a job change in 1982) the
wage data was first imputed, then used for the income
imputation. Wage imputations were accomplished by matching
the March 1983 Bureau of the Census Current Population Survey
average log-wages for persons of the same sex, race, age, and
3-digit occupation and adding a random error term.
Imputations were done on a per-wage hour basis and adjusted
for hours per week and weeks per year. If multiple job
information was available for an individual, it was used in the
imputation random term as part of a "random effect" designed
to have the same intra-person correlation as the portion of
the sample with complete information. For some self-employed
persons, wage data were moved to the business income component
(B3206). The high-income sample imputations did not use the
CPS match. Instead the high-income sample itself was used to
match by occupation and age with randomization.
xxxxxxx. dollars (42 to 1,000,000)
0. none (1129 cases)
question: T1a,T2a
B3206 INCOME FROM A PROFESSIONAL PRACTICE, BUSINESS, OR FARM.
All missing values were imputed. Imputed from the Business
Section reported income when available or wage income reported
in the Job Section for self employed persons. If wage income
was missing for self employed persons, it was imputed first
using the above procedure. In a few cases, the value of the
business variables were computed first, and an income yield
estimated from a log-regression. For some self-employed
persons some or all wage/salary income was moved to business
component. The high-income imputations were done separately.
xxxxxxx. dollars (-849,200 to 874,999)
-4. small loss (4 cases)
0. none (3337 cases)
question: T1b,T2b
B3207 INCOME FROM NON-TAXABLE INVESTMENTS SUCH AS IRAS
OR MUNICIPALS
All missing values were imputed. If asset values were
available, income was computed assuming yields equivalent to
average 1982 yields as reported from various sources. These
were a yield of 12.204% on IRAs or Keoghs (calculated from
the Federal Reserve Bank Functional cost analysis file); 7.77%
for all-saver certificates ( 70% of the average one year
t-bill rate as given in the Federal Reserve Bulletin); 6.86%
for tax-free mutual funds (average tax-free mutual fund yields
as reported in Donahues); and 11.66% for state and local municipal
bonds (Buyer bond index average yield as reported in the
Federal Reserve Bulletin). This component was imputed jointly
with assets in some cases using the method described
previously. Some reported values were adjusted as some respondents
gave the entire value of their IRAs as tax-free income
(because it was sheltered).
xxxxxx. dollars (10 to 550,000)
0. none (3595 cases)
question: T1c,T2c
B3208 TAXABLE INTEREST INCOME.
All missing values were imputed. If asset values were
available, income was computed assuming yields equivalent to
average 1982 yields as reported from various sources. These
were a yield of zero on regular checking; 2.337% on NOW,
sweep, or SUPER NOW (assumed to be regular NOWs in 1982 since they
were not available until January 1983) accounts (calculated
from the Federal Reserve Functional Cost analysis file);
11.084% on short-term CDs (average 6 month t-bill rate as
reported in the Federal Reserve Bulletin); 12.277% on other CDs
(calculated from the Federal Reserve Functional cost analysis
file); 6% for savings bonds (the 1977 face rate assumed to be
the average of existing bonds); 5.25% for regular savings
accounts (the Regulation Q interest ceiling at commercial
banks, 5.5% was used for those at S&Ls); 12.23% for money market
mutual funds or Broker call money (average taxable money
market yields as reported in Donahues); 12.92% for federal
bonds (the average 3 year bond rate as reported in the Federal
Reserve Bulletin); 14.94% for corporate or other bonds (average as
reported in the Federal Reserve Bulletin); and 10% on notes
owed by individuals. Some of the amounts may overstate the
tax-form income as they represent accrual income rather than
cash income. Bond yields in particular may be over stated as
asset values were listed at face value. Interest income was
imputed jointly with assets in some cases using the method
described previously.
xxxxxx. dollars (3 to 936,076)
0. none (2103 cases)
question: T1d,T2d
B3209 DIVIDEND INCOME.
All missing values were imputed. If stock values were
available, income was imputed assuming a yield equivalent to
the average Standard and Poors 500 dividend rate of 5.81% in
1982. Because of appreciation of average stock values between
1982 and the survey date in 1983, current stock values were
first deflated to their estimated 1982 values before computing
the income yield. This implied an actual yield of only 4.98%
on current value. Dividend income was imputed jointly with
assets in some cases using the method described previously.
xxxxxxx. dollars (3 to 1,000,000)
0. none (3183 cases)
question: T1e,T2e
B3210 NET GAINS FROM THE SALE OF STOCKS/BONDS OR REAL ESTATE.
All missing values were imputed. If stock values were
available and the respondent reported a stock transaction in 1982,
capital gains were imputed using the average 1982 appreciation of the
Standard and Poors 500 in 1982 (15.8%). Current stock values
were deflated back to 1982 values using the same method as
with dividends before calculating the yield. Capital gain income was
imputed jointly with assets in some cases using the method
described previously.
xxxxxxx. dollars (-45,000 to 3,000,000)
0. none (3698 cases)
question: T1f,T2f
B3211 RENT, TRUST INCOME, OR ROYALTIES FROM ANOTHER
INVESTMENT.
All missing values were imputed. Trust income was imputed
from the value of the trust if given (otherwise it was imputed jointly
with trust assets using the method described above). Trust yield was
estimated using the component structure of the average bank 1982 trust
assets as given in the FDIC annual report (22.9% stocks, 10.3% real
estate, 11.6% municipal obligations, 9.8% interest bearing deposits,
30.1% U.S.government and other short term obligations, and 5.%
non-interest bearing and other). Each component was assumed to have a
yield as discussed previously implying an aggregate trust yield of
8.98%. Trust assets were deflated to 1982 assuming a year-to-year
appreciation of 12.64% (derived from the stock capital gain) before
computing the yield. Land rents were imputed from a within sample
regression of percent yield given the type and value of property.
Some property values were imputed jointly with rents.
xxxxxxx. dollars (-500,000 to 2,500,000)
0. none (3525 cases)
question: T1g,T2g
B3212 WORKERS OR UNEMPLOYMENT COMPENSATION INCOME.
All missing values were imputed. Imputations were done with
employment history variables. The amount of time each
household was out of work in 1982 was estimated using dates of
employment. Unemployment compensation was then calculated
using the actual formula of the household's state given previous wages
and time on the job.
xxxxx. dollars (50 to 25,000)
0. none (3711 cases)
question: T1h,T2h
B3213 CHILD SUPPORT, ALIMONY, INHERITANCE, GIFTS, FINANCIAL
SUPPORT.
All missing values were imputed. Imputations were done using
a log-value regression with a random term added. The high-income
sample imputations were done separately.
xxxxxx. dollars (40 to 250,000)
0. none (3686 cases)
question: T1j,T2j
B3214 ADC, AFDC, FOOD STAMPS, SSI, WELFARE, OTHER PUBLIC
ASSISTANCE
All missing values were imputed. Imputations were done using
a log-value regression with a random term added. Account was
taken in the regression of the family composition and state of
residence. In some cases values were moved between this
component and the pension component below if deemed appropriate.
xxxxx. dollars (25 to 13,750)
0. none (3701 cases)
question: T1k,T2k
B3215 RETIREMENT, ANNUITY, PENSION, DISABILITY, SURVIVOR
BENEFITS.
All missing values were imputed. Imputations summed from the
specific sources (social security and private pension income
listed for head and spouse in the Employment Section). If
these were missing, they were imputed first using a log- value
regression with a random term added. If no specific sources were
listed, a separate log-value imputation regression for the
total pension (usually for a non- head/non-spouse household member)
was used. In some cases values were moved between this
component and the public assistance component (B3214) if
deemed appropriate. The high-income imputations were done separately.
xxxxxx. dollars (134 to 200,000)
0. none (2925 cases)
question: T1m,T2m
B3216 OTHER INCOME.
All missing values were imputed. Imputations were done using
a log-value regression using type of other income with a random term
added. The high-income imputations were done separately.
xxxxx. dollars (45 to 50,000)
0. none (4024 cases)
question: T1n,T2n
B3217 (1st) SOURCES OF OTHER INCOME.
B3218 (2nd) First and second sources listed for B3216.
1. settlements from lawsuits, divorce, insurance (8/0 cases)
2. gambling winnings (5/0 cases)
3. educational scholarships or grants, GI bill,
fellowship (9/1 cases)
4. other source (14/1 cases)
-9. NA (43/0 cases)
0. INAP, no other income or no second mention (4024/4101 cases)
question: T1n
Taxable Income
B3219 ADJUSTED GROSS INCOME
This variable is the household's estimated adjusted gross
income (AGI) as defined for tax purposes for 1982. No missing values.
xxxxxxx. income (3 to 2,899,800)
0. none (266 cases)
B3220 EXTENDED INCOME USED FOR FRB WEIGHT.
This variable is the household's estimated adjusted gross
income (AGI) plus full capital gains and dividend exclusion for 1982.
It is a constructed estimate of the IRS's extended income. This is
the variable used to construct the extended income weight
(B3012). No missing values.
xxxxxxx. income (3 to 3,172,997)
0. none (229 cases)
Outlays
B3221 ALIMONY, CHILD SUPPORT, OR OTHER FINANCIAL ASSISTANCE
PAID.
This variable is the amount of alimony, child support, or
other financial support paid to relatives or friends outside
the household by a member of the household in 1982. All
missing values were imputed. Imputations were done using a
log-value regression. Imputations for the high-income sample
were done separately.
xxxxxxx. dollars (25 to 6,000,000)
0. none (3493 cases)
question: T4,T4a
Top of Page
HOUSEHOLD BALANCE SHEET TOTALS
Individual Asset Totals
B3708 CURRENT VALUE OF HOME.
The total gross value of primary residence if owned by
household or buying on a land contract. No missing values.
xxxxxxx. dollars (3 to 5,000,000)
0. INAP, do not own residence (1342 cases)
B3801 AGGREGATE GROSS VALUE OF OTHER PROPERTIES.
The total gross value of properties listed in the Other
Property Section. No missing values.
xxxxxxxx. dollars (100 to 50,000,000)
0. none (3140 cases)
B3401 TOTAL DOLLAR AMOUNT IN UNRESTRICTED CHECKING
ACCOUNTS.
The total balance in checking accounts (no money market
funds). No missing values.
xxxxxxx. dollars (4 to 1,005,200)
0. none (806 cases)
B3418 TOTAL DOLLAR AMOUNT IN ALL MONEY MARKET AND CALL
ACCOUNTS.
The total balance in money market funds and brokerage call
accounts. No missing values.
xxxxxxx. dollars (8 to 4,100,000)
0. none (3284 cases)
B3434 TOTAL DOLLAR AMOUNT IN ALL SAVINGS OR SHARE ACCOUNTS.
The total balance in savings accounts or credit union share
accounts. No missing values.
xxxxxx. dollars (4 to 957,672)
0. none (1641 cases)
B3446 TOTAL DOLLAR AMOUNT IN IRA OR KEOGH ACCOUNTS.
The total balance in Individual Retirement Accounts (IRAs) or
Keoghs. No missing values.
xxxxxxx. dollars (20 to 2,000,000)
0. none (3184 cases)
B3453 TOTAL DOLLAR AMOUNT OF CERTIFICATES OF DEPOSIT.
The sum of all Certificates of Deposit (CDs). No missing values.
xxxxxxx. dollars (100 to 3,000,000)
0. none (3244 cases)
B3457 TOTAL FACE AMOUNT OF U.S. GOVERNMENT SAVINGS BONDS.
The total book value of U.S. Government savings bonds.
No missing values.
xxxxxx. dollars (16 to 900,000)
0. none (3253 cases)
B3458 TOTAL FACE AMOUNT OF BONDS.
The total book value of all bonds except U.S. government
savings bonds and bonds held in trusts, mutual funds, or unit
trusts. No missing values.
xxxxxxxx. dollars (11 to 15,000,000)
0. none (3747 cases)
B3462 TOTAL DOLLAR AMOUNT OF STOCKS AND MUTUAL FUNDS.
Includes all stock holdings except non-traded holdings of
businesses and stock in trusts. Also includes mutual fund
holdings except for money market accounts. No missing values.
xxxxxxxx. dollars (23 to 53,150,000)
0. none (3030 cases)
B3470 TOTAL DOLLAR AMOUNT IN TRUST ACCOUNTS.
Includes all monies in trust or managed investment accounts
not listed elsewhere. Excludes pension or company thrift
accounts. No missing values.
xxxxxxxx. dollars (20 to 35,000,000)
0. none (3846 cases)
B3475 DOLLAR CASH VALUE OF WHOLE LIFE INSURANCE.
The current cash value of all whole life policies excluding
policies where a business is the beneficiary. The value is
net and excludes borrowings against the policy. No missing values.
xxxxxxx. dollars (2 to 3,000,000)
-6. none, have whole life insurance (294 cases)
0. none, no whole life insurance (2307 cases)
B3477 TOTAL DOLLAR AMOUNT OF LOANS OWED TO HOUSEHOLD AND
GAS LEASES.
The sum of loans owed to household from friends or others and
gas/oil leases. No missing values.
xxxxxxx. dollars (100 to 1,200,000)
0. none (4003 cases)
B3501 NET VALUE OF BUSINESS WITH NO MANAGEMENT INTEREST.
Excludes publicly traded stock holdings and properties
listed in the Other Properties Section. No missing values.
xxxxxxxx. dollars (100 to 15,000,000)
-6. worthless, but have non-management business (5 cases)
0. none, no business (3797 cases)
B3502 TOTAL NET VALUE OF BUSINESS WITH A MANAGEMENT
INTEREST.
Excludes publicly traded stock holdings and properties listed
in the Other Properties Section. No missing values.
xxxxxxxx. dollars (-4,000 to 74,000,000)
-6. worthless, but have management business (8 cases)
0. none (3432 cases)
B3601 AGGREGATE GROSS VALUE OF LAND CONTRACTS AND NOTES.
The total gross current value of land contracts or notes owed
to household. No missing values.
xxxxxxx. dollars (124 to 2,627,339)
0. none (3900 cases)
B3902 TOTAL VALUE OF VEHICLES.
The sum of values of vehicles listed in the Vehicle and Other
Asset Sections, and inferred from outstanding loans. No
missing values.
xxxxxx. dollars (68 to 109,337)
0. none (594 cases)
Asset Summary Totals
B3301 TOTAL DOLLAR AMOUNT OF LIQUID ASSETS.
The sum of checking accounts, money market accounts, savings
accounts, IRAs and Keoghs, CDs, and savings bonds owned by household
(B3401 + B3418 + B3434 + B3446 + B3453 + B3457). No missing values.
xxxxxxx. dollars (4 to 4,188,500)
0. none (456 cases)
B3302 TOTAL DOLLAR AMOUNT OF FINANCIAL ASSETS.
The sum of liquid assets plus bonds, stock and mutual fund
holdings, and trust accounts owned by household (B3301 +
B3458 + B3462 + B3470). No missing values.
xxxxxxxx. dollars (4 to 57,838,500)
0. none (450 cases)
B3303 PAPER ASSETS.
The sum of financial assets plus cash value of whole life
insurance plus loans owed to household and gas leases plus
gross value of land contracts plus thrift accounts (B3302 +
B3475 + B3477 + B3601 + B3306). No missing values.
xxxxxxxx. dollars (4 to 58,098,500)
0. none (401 cases)
B3304 GROSS ASSETS EXCLUDING BUSINESS AND NON-THRIFT PENSIONS.
The sum of paper assets plus current value of home plus gross
value of other properties plus total value of vehicles (B3303
+ B3708 + B3801 + B3902). No missing values.
xxxxxxxx. dollars (5 to 58,799,957)
0. none (147 cases)
B3305 GROSS ASSETS EXCLUDING NON-THRIFT PENSIONS.
The sum of paper assets plus current value of home plus gross
value of other properties plus total value of vehicles plus
net value of businesses with and without management interest
(B3304 + B3501 + B3502). No missing values.
xxxxxxxx. dollars (5 to 86,857,433)
0. none (147 cases)
Pension Asset Summaries
B3306 TOTAL THRIFT-TYPE PENSION ACCOUNT ASSETS.
The sum of current withdrawable amounts in thrift-type
accounts for head and spouse (B4947 + B5047). No missing values.
xxxxxxx. dollars (5 to 1,600,000)
-6. none withdrawable but have thrift account (44 cases)
0. none (3544 cases)
B3307 NET PRESENT VALUE OF PENSIONS FROM PAST JOBS.
The sum of the present value of past job pensions for head and
spouse (B4968 + B4978 + B4988 + B5068 + B5078 + B5088).
No missing values.
xxxxxx. dollars (42 to 933,586)
0. none (3307 cases)
B3308 NET PRESENT VALUE OF PENSIONS FROM OTHER SOURCES.
The sum of the present value of pensions (private or Social
Security) determined to be currently received by the household but not
attributable to the head or spouse Social Security, current
job, or a reported past job. No missing values.
xxxxxx. dollars (1,887 to 1,015,270)
0. none (3745 cases)
B3309 NET PRESENT VALUE OF PENSIONS FROM CURRENT JOBS.
The sum of the gross present value of current job non-thrift
benefits for head and spouse minus present value of wage
contribution liabilities (B3310 - B3311). Expectations data
used for calculations. No missing data for households where
respondent or their spouse is over age 39.
xxxxxx. dollars (-848280 to 826,957)
-9. not calculated (731 cases)
0. none (2444 cases)
B3310 GROSS PRESENT VALUE OF PENSIONS FROM CURRENT JOBS.
The sum of the gross present value of current job non-thrift
benefits for head and spouse (B4918 + B5018). Expectations
data used for calculations. No missing data for households
where respondent or their spouse is over age 39.
xxxxxx. dollars (493 to 918,860)
-9. not calculated (803 cases)
0. none (2372 cases)
B3311 PRESENT VALUE OF PENSION LIABILITY FROM CURRENT JOBS.
The sum of the gross present value of current job pension
contributions for head and spouse (B4928 + B5028). No missing
data for households where respondent or their spouse is over age 39.
xxxxxx. dollars (xx to xxxxxx)
-9. not calculated (803 cases)
0. none (2372 cases)
B3312 TOTAL DEFINED CONTRIBUTION ACCOUNT PENSION ASSETS.
The total amount in defined contribution pension accounts of
the current job of head or spouse which could be withdrawn if
the employee left the firm (B4930 + B5030). This total will
also be included as part of the present value of current job
pensions (B3309). No missing values.
xxxxxx. dollars (10 to 2,000,000)
-6. none withdrawable but have defined contribution
account (103 cases)
0. none (3528 cases)
B3313 GROSS PRESENT VALUE OF PRIVATE PENSION BENEFITS.
The sum of the gross present value of pensions for current and
past jobs of head and spouse, and pensions from other sources
(B3307 + B3308 + B3309). No missing data for households where
respondent or their spouse is over age 39.
xxxxxx. dollars (-xx to xxxxxx)
-9. not calculated (731 cases)
0. none (xxxx cases)
B3314 NET PRESENT VALUE OF SOCIAL SECURITY BENEFITS/TAXES.
The sum of the gross present value of Social Security benefits
for head and spouse minus present value of wage contribution
liabilities (B3315 - B3316). Social Security formula and
current receipts used for calculations. No missing data for
households where respondent or their spouse is over age 39.
xxxxxx. dollars (-76,692 to 695,402)
-9. not calculated (1368 cases)
0. none (398 cases)
B3315 GROSS PRESENT VALUE OF SOCIAL SECURITY BENEFITS.
The sum of the gross present value of Social Security benefits
for head and spouse (B5120 + B5124 + B5220 + B5224). Social
Security formula and current receipts used for calculations.
No missing data for households where respondent or their
spouse is over age 39.
xxxxxx. dollars (1,077 to 695,402)
-9. not calculated (1368 cases)
0. none (432 cases)
B3316 PRESENT VALUE OF SOCIAL SECURITY TAX LIABILITY.
The sum of the gross present value of future Social Security
tax liabilities of head and spouse (B5116 + B5216). Based on
projected future wages. No missing data for households where
respondent or their spouse is over age 39.
xxxxxx. dollars (xx to xxxxxx)
-9. not calculated (1368 cases)
0. none (432 cases)
B3317 TOTAL NET PRESENT VALUE OF PENSIONS.
The sum of the net present value of pensions from past and
current jobs, Social Security, current job thrift accounts,
and pensions currently received by household members other
than head or spouse (B3313 + B3314). No missing values for
households where respondent or their spouse is over age 39.
xxxxxx. dollars (-844,855 to 2,455,843)
-9. not calculated (1415 cases)
0. none (161 cases)
Individual Liability Totals
B4001 HOUSE MORTGAGE TOTAL.
The sum of first and second mortgage loans on household's
primary residence. No missing values.
xxxxxxx. dollars (95 to 1,786,740)
0. none (2509 cases)
B3602 AGGREGATE AMOUNT OWED AGAINST LAND CONTRACTS/NOTES.
The total amount owed by the household on loans against
properties with land contracts or notes owed to the household.
No missing values.
xxxxxxx. dollars (200 to 1,733,000)
0. none (4063 cases)
B3802 AGGREGATE AMOUNT OUTSTANDING ON OTHER PROPERTY
MORTGAGES.
The total outstanding debt on other properties. No missing values.
xxxxxxx. dollars (94 to 8,070,427)
0. none (3660 cases)
B4102 TOTAL CREDIT CARD DEBT.
The sum of amount owed on gasoline, bank, general purpose,
national retail, other retail, and other credit card debt after
payment of last bill. No missing values.
xxxxx. dollars (5 to 10,200)
0. none (2686 cases)
B4125 AMOUNT OWED ON LINES OF CREDIT.
The amount currently owed on open-ended lines of credit such
as checking account overdrafts or credit union borrowing.
No missing values.
xxxxxxx. dollars (33 to 6,000,000)
0. none (3605 cases)
B4204 TOTAL REPORTED LOANS AGAINST THE CASH VALUE OF LIFE
INSURANCE.
This variable is the sum of loans with irregular payments
reported in the Consumer Loan Section which were loans from
life insurance companies. It was assumed that these were
loans against the cash value of whole life policies. These
loans are excluded from total consumer debt, total debt, and net
worth, as the corresponding cash value asset was not reported
in the Life Insurance Section. No missing values.
xxxxxx. dollars (44 to 300,000)
0. none (3902 cases)
B4205 TOTAL LOANS FOR AUTOMOBILE PURCHASE.
This variable is the sum of loans reported in the Consumer
Loan Section where the purpose of the loan was reported to be
a new or used automobile or truck purchase. No missing values.
xxxxx. dollars (29 to 54,074)
0. none (2963 cases)
B4206 TOTAL NON-AUTO CONSUMER LOANS.
The sum of all loans in the reported in the Consumer Loan
Section minus irregular loans from life insurance companies
minus loans used to purchase automobiles or other vehicles
(B4201 - B4205). No missing values.
xxxxxxx. dollars (14 to 5,027,000)
0. none (2860 cases)
Liability Summary Totals
B3318 TOTAL REAL ESTATE DEBT.
The sum of house mortgage, amount owed against land
contracts/notes, and other property mortgages (B4001 + B3602 +
B3802). No missing values.
xxxxxxx. dollars (95 to 8,485,059)
0. none (2348 cases)
B4101 TOTAL REVOLVING CHARGE DEBT.
The sum of total credit card debt plus debt owed against lines
of credit (B4125 + B4102). No missing values.
xxxxxxx. dollars (5 to 6,000,000)
0. none (2480 cases)
B4201 TOTAL CLOSED-END CONSUMER DEBT OUTSTANDING.
This variable is the total amount outstanding for all debts
owed by the household which are listed in the Consumer Loan
Section except for loans against the cash-value of life
insurance policies. No missing values.
xxxxxxx. dollars (14 to 5,027,000)
0. none (2194 cases)
B4202 TOTAL REGULAR PAYMENT (INSTALLMENT) DEBT OUTSTANDING.
This variable is the total amount outstanding for all debts
with regular payments listed in the Consumer Loan Section. No
missing values.
xxxxxx. dollars (14 to 403,325)
0. none (2450 cases)
B4203 TOTAL NON-REGULAR PAYMENT (NON-INSTALLMENT) DEBT
OUTSTANDING.
This variable is the total amount outstanding for all debts
without regular payments (or where the payment pattern was not
ascertained) listed in the Consumer Loan Section except for
loans against the cash value of life insurance policies.
No missing values.
xxxxxxx. dollars (22 to 5,027,000)
0. none (3600 cases)
B3319 TOTAL CONSUMER DEBT.
The sum of total closed-end consumer debt (excluding loans
against the cash value of life insurance policies) and
revolving charge debt (B4201 + B4101). No missing values.
xxxxxxx. dollars (5 to 7,118,508)
0. none (1618 cases)
B3320 TOTAL DEBT.
The sum of total real estate debt and total consumer debt
(B3318 + B3319). No missing values.
xxxxxxxx. dollars (9 to 10,792,929)
0. none (1205 cases)
Net Worth
B3710 NET EQUITY IN HOME.
The current value of home minus amount outstanding on first
and second mortgage. This variable can be negative. No
missing values.
xxxxxxx. dollars (-7,828 to 3,494,570)
0. zero (1342 cases)
B3803 AGGREGATE NET EQUITY IN OTHER PROPERTIES.
The total gross value of properties listed in the Other
Property Section minus outstanding mortgages or notes against
the properties. The gross value can be positive and net
equity be zero. No missing values.
xxxxxxxx. dollars (-99,196 to 50,000,000)
-6. net equity is zero but own other properties (1 case)
0. zero (3140 cases)
B3603 AGGREGATE NET EQUITY IN LAND CONTRACTS AND NOTES.
The total gross value of amount owed to household minus amount
owed by household on loans against properties with land
contracts or notes. This variable can be negative. No
missing values.
xxxxxxx. dollars (-17,421 to 2,000,000)
0. zero (3900 cases)
B3321 FINANCIAL NET WORTH.
Total paper assets minus total debt (B3303 - B3320). No
missing values.
xxxxxxxx. dollars (-3,848,902 to 58,057,554)
0. none (203 cases)
B3322 NET WORTH EXCLUDING BUSINESS OR NON-THRIFT PENSION.
Gross assets excluding business and pensions minus total debt
(B3304 - B3320). No missing values.
xxxxxxxx. dollars (-1,596,774 to 58,759,011)
0. none (105 cases)
B3323 NET WORTH EXCLUDING NON-THRIFT PENSION.
Gross assets excluding pensions minus total debt (B3305 -
B3320). No missing values.
xxxxxxxx. dollars (-73,400 to 86,852,003)
0. none (105 cases)
B3324 NET WORTH.
Gross assets excluding pensions plus total net present value
of pensions minus total debt (B3305 + B3316 - B3320). No
missing values (currently the same as B3323).
xxxxxxxx. dollars (-73,400 to 86,852,003)
0. none (105 cases)
B3325 CODED VARIABLE FOR NET WORTH.
This variable is computed from total net worth (B3324).
1. less than zero (198 cases)
2. $0-4,999 (736 cases)
3. $5,000-9,999 (226 cases)
4. $10,000-24,999 (446 cases)
5. $25,000-49,999 (597 cases)
6. $50,000-99,999 (650 cases)
7. $100,000-249,999 (533 cases)
8. $250,000-500,000 (215 cases)
9. $500,000-1,000,000 (156 cases)
10. $1,000,000 and more (346 cases)
B3326 CODED VARIABLE FOR NET WORTH BY DECILES.
This variable is computed from total net worth (B3324). Each
category represents 10% of the weighted survey households (by
B3012). The cleaned sample composite weight was used. The
weighted median net worth was $34,268. The 2% upper and lower
bounds are -$1,584 and $825,042 respectively. The 1% upper and lower
bounds are -$3,485 and $1,373,405.
1. less than $301 (375 cases)
2. $301-2,600 (363 cases)
3. $2,601-8,880 (375 cases)
4. $8,881-20,219 (368 cases)
5. $20,220-34,268 (372 cases)
6. $34,269-51,044 (374 cases)
7. $51,045-76,002 (377 cases)
8. $76,003-114,649 (374 cases)
9. $114,650-215,425 (363 cases)
10. $215,426 or more (762 cases)
B3327 CODED VARIABLE FOR NET FINANCIAL WORTH.
This variable is computed from total net financial worth (B3321).
1. less than zero (1733 cases)
2. $0-4,999 (912 cases)
3. $5,000-9,999 (228 cases)
4. $10,000-24,999 (326 cases)
5. $25,000-49,999 (239 cases)
6. $50,000-99,999 (183 cases)
7. $100,000-249,999 (151 cases)
8. $250,000-499,999 (95 cases)
9. $500,000-1,000,000 (72 cases)
10. $1,000,000 or more (164 cases)
Top of Page
FINANCIAL ASSETS
(#1) First Account
(#2) Second Account
(#3) Third Account
(#4) Fourth Account
(#5) Fifth or more account (summed)
Financial Asset totals
B3301 TOTAL DOLLAR AMOUNT OF LIQUID ASSETS.
The sum of checking accounts, money market accounts, savings
accounts, IRAs and Keoghs, CDs, and savings bonds owned by
household (B3401 + B3418 + B3434 + B3446 + B3453 + B3457).
No missing values.
xxxxxxx. dollars (4 to 4,188,500)
0. none (456 cases)
B3302 TOTAL DOLLAR AMOUNT OF FINANCIAL ASSETS.
The sum of liquid assets plus bonds, stock and mutual fund
holdings, and trust accounts owned by household (B3301 +
B3458 + B3462 + B3470). No missing values.
xxxxxxxx. dollars (4 to 57,838,500)
0. none (450 cases)
B3303 PAPER ASSETS.
The sum of financial assets plus cash value of whole life
insurance plus loans owed to household and gas leases plus
gross value of land contracts plus thrift accounts (B3302 +
B3475 + B3477 + B3601 + B3306). No missing values.
xxxxxxxx. dollars (4 to 58,098,500)
0. none (401 cases)
Checking Accounts
B3401 TOTAL DOLLAR AMOUNT IN UNRESTRICTED CHECKING
ACCOUNTS.
The total checking account balance (B3403 + B3406 + B3409 +
B3412 + B3415). No missing values.
xxxxxxx. dollars (4 to 1,005,200)
0. none (806 cases)
B3402 NUMBER OF CHECKING ACCOUNTS.
All missing values were imputed.
1. one (2233 cases)
2. two (752 cases)
3. three (189 cases)
4. four (72 cases)
5. five (25 cases)
6. six (15 cases)
7. seven (4 cases)
8. eight (2 cases)
9. nine (2 cases)
10. ten (2 cases)
14. fourteen (1 case)
0. none (806 cases)
question: K1a
B3403 (#1) DOLLAR AMOUNT IN EACH INDIVIDUAL CHECKING ACCOUNT.
B3406 (#2) The first account is self-defined as the main checking
B3409 (#3) account i.e. the one with the most checks written on it. The
B3412 (#4) fifth account contains the sum of all additional accounts
B3415 (#5) if there are more than five. All missing values
imputed. Imputations for the first account were done using a
regression for log-value with a random term
added. Values for other account imputations were done
similarly, but using ratios against the first account
as dependent variables. Some accounts originally
designated as "cash management" were transferred to
money market accounts and some account which appeared
to be double counted were eliminated.
xxxxxx. dollars (4 to 500,000)
0. INAP, no account (806/3039/3791/3980/4052 cases)
question: K4
B3404 (#1) TYPE OF FINANCIAL INSTITUTION WHERE ACCOUNT LOCATED.
B3407 (#2) All missing values were imputed. Imputations were made using
B3410 (#3) the financial services variables (K31a-h and K36a-c) and
B3413 (#4) conditional mean tables with randomization.
B3416 (#5)
1. commercial bank (2744/829/255/105/46 cases)
2. savings and loan association or savings bank
(395/151/39/14/4 cases)
3. credit union (146/76/12/3/0 cases)
6. brokerage company or money market mutual fund
(11/6/4/1/1 cases)
7. insurance company (0/0/1/0/0 cases)
21. real estate investment company (0/1/0/0/0 cases)
31. AARP (0/0/1/0/0 cases)
97. other type (1/1/0/0/0 cases)
0. INAP (806/3039/3791/3980/4052 cases)
question: K3
B3405 (#1) TYPE OF CHECKING ACCOUNT.
B3408 (#2) All missing values were imputed. Accounts of less than $1500
B3411 (#3) in super NOWs were converted to regular NOWs. Similarly all
B3414 (#4) regular checking accounts at S&Ls or credit unions were
B3417 (#5) converted to NOWs.
1. regular checking (2381/650/192/83/37 cases)
2. NOW account or regular share draft (814/351/84/28/10 cases)
3. super NOW, super share draft (79/46/26/10/3 cases)
4. cash management, MMF, sweep (12/13/9/2/1 cases)
7. other type (11/4/1/0/0 cases)
0. INAP (806/3039/3791/3980/4052 cases)
question: K2
Money Market Accounts
B3418 TOTAL DOLLAR AMOUNT IN ALL MONEY MARKET AND CALL
ACCOUNTS.
The sum of all money market and call account balances (B3422 +
B3425 + B3428 + B3431). No missing values.
xxxxxxx. dollars (8 to 4,100,000)
0. none (3284 cases)
B3419 TOTAL DOLLAR AMOUNT IN MMDA MONEY MARKET ACCOUNTS.
These are money market accounts at commercial banks, savings
and loans, and credit unions (the sum of B3422 + B3425 + B3428
+ B3431 where B3424, B3427, B3430, or B3433 respectively are
coded 1, 2, or 3). No missing values.
xxxxxxx. dollars (25 to 4,000,000)
0. none (3657 cases)
B3420 TOTAL DOLLAR AMOUNT IN OTHER MONEY MARKET ACCOUNTS.
These are all money market or call accounts except those at
commercial banks, savings and loans, and credit unions (the
sum B3425 + B3428 + B3431 where B3424, B3427, B3430, or B3433
respectively are coded 4 or more). Most will be money market
mutual fund (MMF) accounts at brokerages. No missing values.
xxxxxxx. dollars (8 to 2,250,000)
0. none (3626 cases)
B3421 NUMBER OF MONEY MARKET ACCOUNTS.
This total does not include broker call accounts (B3431). All
missing values were imputed.
1. one (453 cases)
2. two (182 cases)
3. three (85 cases)
4. four (38 cases)
5. five (20 cases)
6. six (11 cases)
7. seven (4 cases)
8. eight (1 case)
9. nine (2 cases)
11. eleven (2 cases)
12. twelve (1 case)
0. none (3304 cases)
question: K1a
B3422 (#1) DOLLAR AMOUNT IN EACH INDIVIDUAL MONEY MARKET
B3425(#2) ACCOUNT.
B3428 (#3) The first three accounts are those given in the money market
B3431 (#4) section. The third account contains the sum of any additional
accounts if there were more than three. The fourth
account listed is the brokerage call money account
(answer K21b, K21c). All missing values were imputed.
Imputations for the first account were done by regression for
log-value with a random term added. The values for
other account imputations were computed similarly, but
using ratios against the first account as dependent
variables. The call money account was imputed
separately with a log-value regression. Some apparent
double accounting with employer thrift accounts was eliminated.
xxxxxxx. dollars (8 to 4,000,000)
0. INAP, no account (3304/3757/3939/4036 cases)
question: K14c,K21c
B3423 (#1) DOES MONEY MARKET ACCOUNT HAVE CHECK-WRITING
B3426 (#2) FEATURES?
B3429 (#3) Accounts #1-#3 are money market accounts, account #4 is
B3432 (#4) the brokerage call money account which is always coded 5.
All missing values were imputed. Imputations were made using
conditional mean tables with randomization.
1. yes (562/241/112/0 cases)
5. no (237/105/52/67 cases)
0. INAP (3304/3757/3939/4036 cases)
question: K14d
B3424 (#1) TYPE OF FINANCIAL INSTITUTION WHERE ACCOUNT LOCATED.
B3427 (#2) Accounts #1-#3 are money market accounts, account #4 is
B3430 (#3) the brokerage call money account which is always coded 6.
B3433 (#4) All missing values were imputed. Imputations were
made using the financial services variables (K31d,
K36a-c) and conditional mean tables with randomization.
1. commercial bank (247/80/40/0 cases)
2. savings and loan association or savings bank
(144/57/20/0 cases)
3. credit union (21/6/0/0 cases)
6. brokerage company or money market mutual fund
(364/192/99/67 cases)
7. insurance company (11/5/3/0 cases)
17. individual lender (not codable above) (1/0/0/0 cases)
24. federal government: FMHA, SBA, VA, FHA, HUD, NDSL
(1/0/0/0 cases)
25. other federal government, IRS (1/0/0/0 cases)
31. AARP (5/2/1/0 cases)
94. investment management or consulting company (4/1/1/0 cases)
97. other type (0/3/0/0 cases)
0. INAP (3304/3757/3939/4036 cases)
question: K14b
Savings Accounts
B3434 TOTAL DOLLAR AMOUNT IN ALL SAVINGS OR SHARE ACCOUNTS.
The sum of the balance in all savings accounts (B3436 + B3438
+ B3440 + B3442 + B3444). No missing values.
xxxxxx. dollars (4 to 957,672)
0. none (1640 cases)
B3435 NUMBER OF SAVING ACCOUNTS.
All missing values were imputed.
1. one (1216 cases)
2. two (671 cases)
3. three (311 cases)
4. four (137 cases)
5. five (64 cases)
6. six (41 cases)
7. seven (6 cases)
8. eight (6 cases)
9. nine (4 cases)
10. ten (5 cases)
13. thirteen (1 case)
35. thirty-five (1 case)
0. none (1640 cases)
question: K15a
B3436 (#1) DOLLAR AMOUNT IN EACH INDIVIDUAL SAVINGS ACCOUNT.
B3438 (#2) The first account is self-defined as the largest savings
B3440 (#3) account. The fifth account contains the sum of all additional
B3442 (#4) accounts if there were more than five. All missing values
B3444 (#5) Imputations for the first account were done using a
regression for log-value with a random term added.
The values for other account imputations were computed
similarly, but using ratios against the first account
as dependent variables. Some apparent double counting
with employer thrift accounts was eliminated.
xxxxxx. dollars (3 to 859,000)
0. INAP, no account (1640/2856/3527/3838/3975 cases)
question: K15c
B3437 (#1) TYPE OF FINANCIAL INSTITUTION WHERE ACCOUNT LOCATED.
B3439 (#2) All missing values were imputed. Imputations were made using
B3441 (#3) the financial services variables (K31d, K36a-c) and
B3443 (#4) conditional mean tables with randomization.
B3445 (#5)
1. commercial bank (1292/575/240/117/53 cases)
2. savings and loan association or savings bank
(754/422/232/109/54 cases)
3. credit union (409/243/103/38/21 cases)
4. finance or loan company (1/1/0/0/0 cases)
6. brokerage company or money market mutual fund
(1/2/0/0/0 cases)
7. insurance company (1/0/0/0/0 cases)
12. doctor or hospital, dentist (0/1/0/0/0 cases)
15. employer (4/0/0/1/0 cases)
29. union (1/1/0/0/0 cases)
97. other type (0/2/1/0/0 cases)
0. INAP (1640/2856/3527/3838/3975 cases)
question: K15b
IRA/Keogh Accounts
B3446 TOTAL DOLLAR AMOUNT IN IRA OR KEOGH ACCOUNTS.
The sum of the balance in IRAs and Keoghs (B3447 + B3448).
No missing values.
xxxxxxx. dollars (20 to 2,000,000)
0. none (3184 cases)
B3447 TOTAL DOLLAR AMOUNT IN IRA ACCOUNTS.
The amount in all individual retirement accounts (IRAs). All
missing values were imputed. Imputations were done with a
log-value regression with a random term added or using
information reported in the Income Section.
xxxxxxx. dollars (20 to 2,000,000)
0. none (3229 cases)
question: K7,K7a
B3448 TOTAL DOLLAR AMOUNT IN KEOGH ACCOUNTS.
The amount in all Keogh accounts. All missing values were
imputed. Imputations were done with a log-value regression
with a random term added or using information reported in the
Income Section.
xxxxxx. dollars (5 to 550,000)
0. none (3931 cases)
question: K8,K8a
B3449 (1st) TYPE OF FINANCIAL INSTITUTION WHERE IRA/KEOGHS LOCATED.
B3450 (2nd) Respondents were asked to list all institutions where the
B3451 (3rd) household had IRA or Keogh accounts. These four variables
B3452 (4th) contain the codes of up to four mentions (for
different types of institutions with multiple
accounts). All missing values were imputed.
Imputations were made using the financial services
variables (K31b, K36a-c) and conditional mean tables
with randomization.
1. commercial bank (337/0/0/0 cases)
2. savings and loan association or savings bank
(211/26/0/0 cases)
3. credit union (45/7/0/0 cases)
6. brokerage company or money market mutual fund
(181/59/5/2 cases)
7. insurance company (114/15/4/0 cases)
15. employer (16/9/0/0 cases)
21. real estate investment company (2/1/1/0 cases)
22. school/college/university (1/0/0/0 cases)
29. union (1/0/0/0 cases)
31. AARP (0/1/0/0 cases)
94. investment management or consulting company (3/3/1/0 cases)
97. other type (8/4/2/0 cases)
0. INAP, not that many mentions (3184/3978/4090/4101 cases)
question: K9a
Certificates of Deposit
B3453 TOTAL DOLLAR AMOUNT OF CERTIFICATES OF DEPOSIT.
The sum of all CDs (B3454 + B3455 + B3456). No missing values.
xxxxxxx. dollars (100 to 3,000,000)
0. none (3244 cases)
B3454 TOTAL DOLLAR AMOUNT OF ALL-SAVER CERTIFICATES
OF DEPOSIT.
The total of tax-free ($1000 income per person) all saver
certificates. All missing values were imputed. Imputations
were done with a log-value regression with a random term added
or using information reported in the Income Section.
xxxxxx. dollars (200 to 250,000)
0. none (3971 cases)
question: K11
B3455 TOTAL DOLLAR AMOUNT OF SHORT-TERM CERTIFICATES
OF DEPOSIT.
The total of seven to ninety day or six month money market CDs
or retail repurchase agreements. All missing values were
imputed. Imputations were done with a log-value regression
with a random term added or using information reported in the
Income Section.
xxxxxxx. dollars (100 to 3,000,000)
0. none (3748 cases)
question: K12
B3456 TOTAL DOLLAR AMOUNT OF LONG-TERM CERTIFICATES
OF DEPOSIT.
The total of one year or longer or small saver CDs. All
missing values were imputed. Imputations were done with a
log-value regression with a random term added or using
information reported in the Income Section.
xxxxxx. dollars (100 to 460,000)
0. none (3597 cases)
question: K13
Savings Bonds
B3457 TOTAL FACE AMOUNT OF U.S. GOVERNMENT SAVINGS BONDS.
All missing values were imputed. Imputations were done with a
log-value regression with a random term added or using information
reported in the Income Section.
xxxxxx. dollars (16 to 900,000)
0. none (3253 cases)
question: K16,K16a
Bonds
B3458 TOTAL FACE AMOUNT OF BONDS.
Includes all bonds except U.S. government savings bonds and
bonds held in trusts, mutual funds, or unit trusts (B3459 +
B3460 + B3461). No missing values.
xxxxxxxx. dollars (11 to 15,000,000)
0. none (3747 cases)
B3459 TOTAL FACE AMOUNT OF FEDERAL GOVERNMENT BONDS
OR BILLS.
Excludes U.S. savings bonds. All missing values were imputed.
Imputations were done with a log-value regression with a
random term added or using information reported in the Income Section.
xxxxxxx. dollars (11 to 7,000,000)
0. none (3976 cases)
question: K17a,K18a
B3460 TOTAL FACE AMOUNT OF STATE, COUNTY, OR MUNICIPAL BONDS.
These bonds include all tax-free (federal tax) revenue bonds.
All missing values were imputed. Imputations were done with a
log-value regression with a random term added or using
information reported in the Income Section.
xxxxxxxx. dollars (25 to 15,000,000)
0. none (3858 cases)
question: K17b,K18b
B3461 TOTAL FACE AMOUNT OF CORPORATE, FOREIGN, OR
OTHER BONDS.
Includes all other bonds not included in savings bonds,
federal bonds, and municipal bonds. All missing values were
imputed. Imputations were done with a log-value regression
with a random term added or using information from the Income Section.
xxxxxx. dollars (154 to 800,000)
0. none (3968 cases)
question: K17c,K18c
Stock and Mutual Funds
B3462 TOTAL DOLLAR AMOUNT OF STOCKS AND MUTUAL FUNDS.
Includes all stock holdings except non-traded holdings of
businesses and stock in trusts plus mutual fund holdings
except for money market accounts (B3463 + B3464 + B3465 +
B3466 + B3467). No missing values.
xxxxxxxx. dollars (23 to 53,150,000)
0. none (3030 cases)
B3463 TOTAL DOLLAR AMOUNT OF SHARES IN TAX-FREE MUTUAL
FUNDS.
Includes holdings in tax-free mutual funds or unit trusts.
Excludes money market mutual funds, sweep accounts, IRAs,
thrifts, or pension assets. All missing values were imputed.
Imputations were made using a log-value regression with a
random term added or using information from the Income Section.
xxxxxxx. dollars (385 to 2,250,000)
0. none (3934 cases)
question: K19a,K20a
B3464 TOTAL DOLLAR AMOUNT OF SHARES IN TAXABLE MUTUAL
FUNDS.
Includes holdings in taxable mutual funds. Excludes money
market mutual funds, sweep accounts, IRAs, thrifts, or pension assets.
All missing values were imputed. Imputations were made using
a log-value regression with a random term added or using
information from the Income Section.
xxxxxxx. dollars (100 to 4,300,000)
0. none (3899 cases)
question: K19b,K20b
B3465 TOTAL DOLLAR AMOUNT OF STOCK HELD IN INVESTMENT CLUBS.
Includes holdings of publicly traded stock purchased as part
of an investment club of partnership. The value is the household's
share. All missing values were imputed. Imputations were
made using a log-value regression with a random term added or
using information from the Income Section.
xxxxxxx. dollars (69 to 1,500,000)
0. none (4042 cases)
question: K19d,K20d
B3466 TOTAL DOLLAR AMOUNT OF PUBLICLY TRADED STOCK IN OWN
COMPANY.
The value of publicly traded stock owned by any household
member in the company where he/she works. This excludes
monies in trusts, pension funds, or businesses listed in the
Business Section. All missing values were imputed.
Imputations were made using a log-value regression with a random term
added or using information from the Income Section. Some
apparent double counting with employer thrift accounts and
privately owned business holdings was eliminated.
xxxxxxxx. dollars (10 to 50,000,000)
0. none (3737 cases)
question: K19c,K20c
B3467 TOTAL DOLLAR AMOUNT OF OTHER PUBLICLY TRADED STOCK.
Excludes holdings in company where household member works,
mutual funds, trusts, and pension assets. All missing values
were imputed. Imputations were made using a log-value
regression with a random term added or using information from
the Income Section.
xxxxxxxx. dollars (25 to 25,000,000)
0. none (3325 cases)
question: K19e,K20e
B3468 NUMBER OF DIFFERENT COMPANIES IN WHICH STOCK IS OWNED.
Excludes mutual funds, trusts, or pension assets. Thus, it
includes stock in companies where household member works
(B3466) and other publicly held stock (B3467). All missing
values were imputed using conditional mean tables with randomization.
xx. number of companies (1 to 95)
0. none, own no publicly traded stock (3099 cases)
question: K19f
B3469 NUMBER OF TIMES STOCKS PURCHASED/SOLD IN PAST YEAR.
Limited to purchases and sales of publicly traded stock using
a broker. Only households with a brokerage account were asked
the question. All missing values were imputed. Imputations
using conditional mean tables with randomization.
xx. number of occasions (1 to 95)
-6. none, but have a brokerage account (85 cases)
0. none, do not have a brokerage account (3549 cases)
question: K21,K21a
Trust Accounts
B3470 TOTAL DOLLAR AMOUNT IN TRUST ACCOUNTS.
Includes all monies in trust or managed investment accounts
not listed previously. Excludes pension or company thrift accounts.
All missing values were imputed. Imputations were done with a
log-value regression with a random term added or using
information from the Income Section. Some double counting with
employer thrift accounts eliminated.
xxxxxxxx. dollars (20 to 35,000,000)
0. none (3847 cases)
question: K22,K22a
B3471 WHO MANAGES THE TRUST?
All missing values were imputed. Imputations were made
using conditional mean tables with randomization.
1. commercial bank (85 cases)
2. savings and loan association or savings bank (13 cases)
3. credit union (6 cases)
6. brokerage company or money market mutual fund (22 cases)
7. insurance company (33 cases)
13. lawyer (7 cases)
14. accountant (3 cases)
15. employer (3 cases)
16. friend or relative (not codable above) (29 cases)
21. real estate investment company (1 case)
23. local/county/state government (1 case)
27. self (manage own trust) (24 cases)
29. union (1 case)
30. church (1 case)
94. investment, management, or consulting companies (12 cases)
96. other combination (6 cases)
97. other type (9 cases)
0. INAP, no trust (3847 cases)
question: K22b
Insurance
B3472 MEDICAL OR HEALTH INSURANCE.
Respondent was asked if anyone in the household had medical
insurance for doctor or hospital care. The answer should
exclude Medicare and Medicaid. All missing values were
imputed. Imputations were done with conditional mean tables
with randomization.
1. household has medical insurance (3350 cases)
5. household does not have medical insurance (573 cases)
question: K23
B3473 DOLLAR FACE AMOUNT OF TERM LIFE INSURANCE.
The current face value of all term life policies excluding
policies where a business is the beneficiary. All missing values were
imputed. Imputations were done with a log-value regression
with a random term added.
xxxxxxx. dollars (100 to 4,000,000)
0. none, no term insurance (2056 cases)
question: K24b
B3474 DOLLAR FACE AMOUNT OF WHOLE LIFE INSURANCE.
The current face value of all whole life policies excluding
policies where a business is the beneficiary. All missing
values were imputed. Imputations were done with a log-value
regression with a random term added.
xxxxxxx. dollars (100 to 9,000,000)
0. none, no whole life insurance (2307 cases)
question: K24c
B3475 DOLLAR CASH VALUE OF WHOLE LIFE INSURANCE.
The current cash value of all whole life policies excluding
policies where a business is the beneficiary. The value is
net and excludes borrowings against the policy. All missing
values were imputed. Imputations were done with a regression
of the ratio of cash to face amount with a random term added. Only
400 respondents of 1400 with whole life policies answered the
question, so the variable may be of dubious value.
xxxxxxx. dollars (3 to 3,000,000)
-6. none, have whole life insurance (294 cases)
0. none, no whole life insurance (2307 cases)
question: K24d
Other Assets
B3476 TOTAL DOLLAR AMOUNT OF OTHER MISCELLANEOUS ASSETS.
The sum of other assets including loans owed to household and
gas leases, precious metals, boats, classic cars, campers,
airplanes, cycles, antiques, art, collections, or livestock.
Includes only those items listed by respondent in the "other
asset" category (the sum of B3483 + B3485 + B3487). Be cautious in
using this variable. No missing values.
xxxxxxx. dollars (40 to 2,525,000)
0. none (3559 cases)
B3477 TOTAL DOLLAR AMOUNT OF LOANS OWED TO HOUSEHOLD AND
GAS LEASES.
The sum of loans owed to household from friends or others and
gas/oil leases (the sum of B3483 + B3485 + B3487 when B3482,
B3484, or B3486 respectively, are coded 61, 62, or 71).
No missing values.
xxxxxxx. dollars (100 to 1,200,000)
0. none (4003 cases)
B3478 TOTAL DOLLAR AMOUNT OF PRECIOUS METALS.
The sum of gold, silver, or other precious metals owned by
household (the sum of B3483 + B3485 + B3487 when B3482, B3484,
or B3486 respectively, are coded 1, 2, or 3). No missing values.
xxxxxx. dollars (300 to 400,000)
0. none (4043 cases)
B3479 TOTAL DOLLAR AMOUNT OF BOATS.
The total dollar value of boats owned by household (the sum of
B3483 + B3485 + B3487 when B3482, B3484, or B3486
respectively, are coded 51). No missing values.
xxxxxxx. dollars (100 to 1,500,000)
0. none (4002 cases)
B3480 TOTAL DOLLAR AMOUNT OF CLASSIC CARS/CAMPERS/
AIRPLANES/CYCLES.
The total dollar value of antique cars, campers, trailers,
airplanes, or motorcycles owned by the household (the sum of
B3483 + B3485 + B3487 when B3482, B3484, or B3486
respectively, are coded 11, 52, 53, or 54). Excludes any
vehicles listed in the Vehicle Section. No missing values.
xxxxxxx. dollars (400 to 1,000,000)
0. none (4064 cases)
B3481 TOTAL DOLLAR AMOUNT OF ANTIQUES, ART, COLLECTIONS,
LIVESTOCK.
The total dollar value of jewelry or gem stones, antiques, art
objects, rare books, coin or stamp collections, guns, cemetery
plots, china or figurines, musical instruments, livestock or
horses, or or oriental rugs owned by household (the sum of
B3483 + B3485 + B3487 when B3482, B3484, or B3486
respectively, are coded 10, 12-17, or 19-23). No missing values.
xxxxxxx. dollars (40 to 2,000,001)
0. none (3765 cases)
B3482 (#1) TYPES OF OTHER ASSETS, LISTED INDIVIDUALLY.
B3484 (#2) Codes are listed for up to three other types of assets. Real
B3486 (#3) estate assets moved to Other Properties Section. A
word of caution should be said about using these
variables. Respondent was asked about other savings
and investments including loans, antiques, precious
metals or art held for investment purposes.
Respondent thus "self-defined" whether art, for
example, was for investment or other purposes (in which case it
presumably is not reported). Moreover, the value listed is that
assigned by the respondent, with different assessment
standards probably used. Some estimates look to be
very dubious.
1. gold (13/5/0 cases)
2. silver (11/10/6 cases)
3. other metals or metals NA type (12/5/2 cases)
10. jewelry; gem stones (61/35/9 cases)
11. cars (antique or classic) (13/4/2 cases)
12. antiques (106/32/11 cases)
13. art objects (42/27/10 cases)
14. rare books (5/0/1 cases)
15. coin collections (41/9/1 cases)
16. stamp collections (9/3/1 cases)
17. guns (9/4/0 cases)
19. cemetery plots (6/0/0 cases)
20. china, figurines (6/5/3 cases)
21. musical instruments (5/0/0 cases)
22. livestock, horses (3/1/0 cases)
23. oriental rugs (3/3/0 cases)
51. boat (95/11/1 cases)
52. camper; trailer (10/3/0 cases)
53. airplane (4/2/2 cases)
54. motorcycle (2/1/0 cases)
61. loans to friends/relatives (54/13/4 cases)
62. other loans or debts owed to household (21/6/1 cases)
71. oil/gas leases/investments (13/1/0 cases)
0. INAP, no asset (3559/3923/4049 cases)
question: K27a
B3483 (#1) DOLLAR AMOUNT OF OTHER ASSETS, LISTED INDIVIDUALLY.
B3485 (#2) The dollar amount of up to three other assets are listed.
B3487 (#3) All missing values are imputed for loans and gas
leases. Imputations were done with a log-value
regression for each type of asset with a random term added.
xxxxxxx. dollars (40 to 1,500,000)
0. INAP (3559/3923/4049 cases)
question: K27b
BUSINESS ASSETS
(A) First business
(B) Second business
Respondents were asked about any privately-held businesses,
farms, professional practices and partnerships which he/she owned or
shared ownership in. Data were reported for the aggregate value of
such firms in which no member of the household had an active
management role, and for detailed data on up to two firms in which a
household member had an active management role. There is some
potential inconsistency with how respondents assigned property owned
by partnerships between this section and the Other Properties Section.
The high-income sample was imputed separately from the area probability sample.
Top of Page
Net Value of Businesses
B3501 NET VALUE OF BUSINESS WITH NO MANAGEMENT INTEREST.
Excludes publicly traded stock holdings and properties listed
in the Other Properties Section. All missing values were imputed.
Imputations were done with a log-value regression with a
random term added.
xxxxxxxx. dollars (100 to 15,000,000)
-6. worthless, but have non-management business (5 cases)
0. none, no business (3796 cases)
question: K25a,K25b,K26m,K26n
B3502 TOTAL VALUE OF BUSINESS WITH A MANAGEMENT INTEREST.
Excludes publicly traded stock holdings and properties listed
in the Other Properties Section (the sum of B3503 + B3516).
No missing values.
xxxxxxxx. dollars (-4,000 to 74,000,000)
-6. worthless, but have management business (8 cases)
0. none (3432 cases)
B3503 (A) NET VALUE OF EACH BUSINESS WITH A MANAGEMENT ROLE.
B3516 (B) The variable is the net equity value plus debts owed
by the business to the household minus debt owed by
the household to the business (B3503 equals B3509 +
B3506 - B3507 and B3516 equals B3522 + B3519 -
B3520). No missing values.
xxxxxxxx. dollars (-4,000 to 73,000,000)
-6. business is worthless (12/4 cases)
0. INAP, no business (3432/3955 cases)
Organization of Businesses With a Management Role
B3504 (A) KIND OF BUSINESS.
B3517 (B) All missing values were imputed. Imputations were
done with conditional mean tables and from occupations
and industry codes given for self-employed persons
working in business.
1. farm, nursery, agricultural service, landscaping
(114/15 cases)
2. restaurant (13/1 cases)
3. auto repair (13/2 cases)
4. direct sales; Amway; Avon; Mary Kay; Tupperware;
Stanley home products (21/5 cases)
5. contracting; construction services; plastering;
painting; plumbing (63/3 cases)
6. real estate; insurance (63/42 cases)
7. professional practice including law, medicine,
architecture, accounting (105/12 cases)
8. beauty shop (7/2 cases)
9. manufacturing, including printing and publishing
(70/17 cases)
10. gas station (4/1 cases)
11. food, liquor stores (10/0 cases)
12. other wholesale or retail outlets (72/15 cases)
13. trucking; moving and storage (11/2 cases)
14. repair services; appliances, TV, upholstery,
furniture, shoes (15/1 cases)
15. personal services, including hotels, dry cleaners,
funeral homes (7/4 cases)
16. entertainment services, including dance studios and
drive in theaters (6/4 cases)
17. business management and consulting services (25/9 cases)
18. other business services, including advertising,
equipment rental, computer programming, and pest
control (26/9 cases)
19. banks and brokerage firms (13/3 cases)
20. other kind (13/1 cases)
0. INAP (3432/3955 cases)
question: K26
B3505 (A) LEGAL STRUCTURE.
B3518 (B) All missing values were imputed. Imputations were
done with conditional mean tables with randomization.
1. proprietorship (254/39 cases)
2. partnership (170/49 cases)
3. corporation (247/60 cases)
0. INAP (3432/3955 cases)
question: K26a
Debts of/to Businesses With a Management Role
B3506 (A) DOLLAR AMOUNT OWED TO HOUSEHOLD BY BUSINESS.
B3519 (B) All missing values were imputed. Imputations were
done with a ratio regression after the value of the
business was cleaned. Random terms were added.
xxxxxxx. dollars (150 to 2,500,000)
-6. none (538/119 cases)
0. INAP (3432/3955 cases)
question: K26b,K26c
B3507 (A) DOLLAR AMOUNT OWED TO BUSINESS BY HOUSEHOLD.
B3520 (B) All missing values were imputed. Imputations were
done with a ratio regression after the value of the
business was cleaned. Random terms were added.
xxxxxx. dollars (100 to 200,000)
-6. none (642/141 cases)
0. INAP (3432/3955 cases)
question: K26d,K26e
Household Equity in Business
B3508 (A) PERCENTAGE OF BUSINESS OWNED BY HOUSEHOLD.
B3521 (B) All missing values were imputed.
xxxx. percentage times 10 (1 to 1000)
0. INAP (3432/3955 cases)
question: K26f
B3509 (A) VALUE OF HOUSEHOLD'S NET SHARE IN THE BUSINESS.
B3522 (B) Self-evaluation of the worth of the household's share.
Some values appear to be excessive. All missing
values were imputed. Imputations were done after
constructing household income, participation and cash
flow variables and cleaning of net income variables.
Log-value regressions were run for imputations by type
of business using the above variables as predictors.
xxxxxxxx. dollars (80 to 73,000,000)
-6. worthless (16/4 cases)
0. INAP (3432/3955 cases)
question: K26g
Business Income Data
B3510 (A) BUSINESS'S GROSS RECEIPTS OR SALES IN 1982.
B3523 (B) Total sales/receipts, not just the household's share.
All missing values wereimputed. Imputations were done
after household participation and cash flow variables
were constructed. Imputations were done using a
log-value regression by type of business with the
above variables and net income (when supplied).
xxxxxxxxxx. dollars (100 to 3,500,000,000)
-4. small negative amount (1/0 cases)
-6. none, no sales/receipts (38/13 cases)
0. INAP (3432/3955 cases)
question: K26h
B3511 (A) BUSINESS'S NET INCOME IN 1982.
B3524 (B) Total net income, not just the household's share. All
missing values were imputed. Imputations were done
using income or wage variables where
possible. Regression imputations were done from
log-value regressions by type of business using
participation variables and other demographics.
xxxxxxxx. dollars (-12,000,000 to 84,300,000)
-4. a small loss (16/7 cases)
-6. none, no net income (75/28 cases)
0. INAP (3432/3955 cases)
question: K26j
B3512 (A) HOUSEHOLD'S INCOME FROM BUSINESS IN 1982.
B3525 (B) A constructed variable. Includes all salary earnings
that could be attributed to business plus non-retained
earnings. These were determined from the Income
Section and the household's portion of net income.
No missing values.
xxxxxxx. dollars (-27,444 to 3,425,887)
-4. a small loss (10/7 cases)
-6. none, no net income (83/46 cases)
0. INAP (3432/3955 cases)
B3513 (A) HOUSEHOLD'S SHARE OF RETAINED EARNINGS IN BUSINESS
B3526 (B) IN 1982.
A constructed variable. Computed by subtracted business
earnings as reported in the Income Section (and
sometimes wages) from the household's share of net
income. No missing values.
xxxxxxxx. dollars (-2,355,000 to 30,000,000)
-4. a small loss (1/0 cases)
-6. none, no net income (553/117 cases)
0. INAP (3432/3955 cases)
Household Participation
B3514 (A) HEAD'S PARTICIPATION IN BUSINESS.
B3527 (B) A constructed variable. Determined from job variables
and earnings information whether management role in
the business was head's major job. The head is the
respondent for single persons and the husband for
married couples. No missing values.
1. business was head's major job in 1982 (444/48 cases)
5. business was not head's major job in 1982 (227/100 cases)
0. INAP (3432/3955 cases)
B3515 (A) SPOUSE'S PARTICIPATION IN BUSINESS.
B3528 (B) A constructed variable. Determined from job variables
and earnings information whether management role in
the business was spouse's (wife) major job. No missing values.
1. business was spouse's major job in 1982 (114/16 cases)
5. business was not spouse's major job in 1982 (465/113 cases)
0. INAP, no spouse (3524/3974 cases)
Top of Page
LAND CONTRACTS OR LOANS/NOTES OWED TO HOUSEHOLD
(A) First land contract/note
(B) Second land contract/note
(C) Third land contract/note
Respondents were asked if he/she had ever sold real estate for
which he/she loaned money to the buyer or issued a land contract which
was still outstanding. Any property sold by a business he/she owned
was excluded. Individual data for up to three of these notes and/or
land contracts is given. These are household assets.
Value of Aggregate Land Contracts and Notes
B3601 AGGREGATE GROSS VALUE OF LAND CONTRACTS AND NOTES.
The total gross current value of land contracts or notes owed
to household (B3605 + B3620 + B3635). These are household assets.
No missing values.
xxxxxxx. dollars (124 to 2,627,339)
0. none (3900 cases)
B3602 AGGREGATE AMOUNT OWED AGAINST LAND CONTRACTS/NOTES.
The total amount owed by household on loans against properties
with land contracts or notes owed to household (B3607 + B3622 +
B3637). These are household liabilities. No missing values.
xxxxxxx. dollars (200 to 1,733,000)
0. none (4063 cases)
B3603 AGGREGATE NET EQUITY IN LAND CONTRACTS AND NOTES.
The total gross value of amount owed to household minus amount
owed by household on loans against properties with land
contracts or notes (B3601 - B3602). No missing values.
xxxxxxx. dollars (-17,421 to 2,000,000)
0. none (3900 cases)
Type of Asset
B3604 (A) NOTE OR LAND CONTRACT.
B3619 (B) All missing values were imputed.
B3634 (C)
1. note (131/34/12 cases)
2. land contract (72/12/6 cases)
0. INAP, no loan or land contract (3900/4057/4085 cases)
question: C19a
Value of Individual Land Contracts and/or Notes Owed to Household
B3605 (A) GROSS PRESENT VALUE.
B3620 (B) This variable is directly answered for all notes, and is the
B3635 (C) amount still outstanding on the note . It is a
household asset. For land contracts (B3604, B3619, or
B3634 equals 2), it is directly answered if the land
contract does not have regular payments. Otherwise it
is calculated from the date the land contract is due,
the payment frequency, the number of original
payments, the payment size (PAYMENT), balloon size
(BALLOON), and an assigned discount rate (INTEREST)
set to the government bond rate at the time of the
survey (.1085). The value formula is then:
VALUE=PAYMENT*((1-1/(1+INTEREST/12)**PAYLEFT)/(INTEREST/12))
+BALLOON/((1+INTEREST/12)**PAYLEFT) where PAYLEFT is
the number of payments left. All missing values were
imputed. For notes, imputations used a regression of
log-value with a random term added For land contracts
payment terms were individually imputed where necessary.
xxxxxxx. dollars (124 to 2,000,000)
0. INAP, no loan or land contract (3900/4057/4085 cases)
question: C19b,C19d
B3606 (A) NET EQUITY.
B3621 (B) Gross present value of land contract or loan minus amount owed
B3636 (C) by the household on loans against the property sold by
note or contract (B3605 - B3607, B3620 - B3622, or
B3635 - B3637). No missing values.
xxxxxxx. dollars (-39,000 to 2,000,000)
-6. net equity is zero but have loan/land
contract (1/1/1 cases)
0. INAP (3900/4057/4085 cases)
B3607 (A) AMOUNT OWED BY HOUSEHOLD ON LOAN/LAND CONTRACT
B3622 (B) PROPERTY.
B3637 (C) The amount household owes on loans against the property sold
by note or land contract. These are household liabilities.
All missing values were imputed. Imputations were
done with a regression of log-value with a random term added.
xxxxxxx. dollars (200 to 1,137,000)
0. none, INAP (4070/4092/4096 cases)
question: C19i,C19j
Date of Land Contract
B3608 (A) MONTH LAND CONTRACT TAKEN OUT.
B3623 (B) Computed only for land contracts. The origination date was
B3638 (C) computed from the current date, the date the land
contract is due, the payment frequency, and the
original number of payments.
xx. month (1 to 12)
0. INAP, no land contract (4031/4091/4097 cases)
B3609 (A) YEAR LAND CONTRACT TAKEN OUT.
B3624 (B) Computed only for land contracts. The origination date was
B3639 (C) computed from the current date, the date the land
contract is due, the payment frequency, and the
original number of payments.
xxxx. year (1957 to 1983)
0. INAP (4031/4091/4097 cases)
B3610 (A) MONTH LAND CONTRACT DUE.
B3625 (B) Answered only for land contracts. All missing values were
B3640 (C) imputed.
xx. month (1 to 12)
0. INAP (4031/4091/4097 cases)
question: C19f
B3611 (A) YEAR LAND CONTRACT DUE.
B3626 (B) Answered only for land contracts. All missing values were
B3641 (C) imputed.
xxxx. year (1983 to 2009)
0. INAP (4031/4091/4097 cases)
question: C19f
B3612 (A) ORIGINAL MATURITY IN MONTHS.
B3627 (B) Calculated form the date the land contract was taken out and
B3642 (C) the date it is due. Calculated only for land
contracts. No missing values.
xxx. months (24 to 360)
0. INAP (4031/4091/4097 cases)
Amount Originally Borrowed on Land Contract
B3613 (A) AMOUNT BORROWED.
B3628 (B) A calculated variable for all land contracts. An estimate of
B3643 (C) the original value of the land contract was computed
using the formula: VALUE=PAYMENT*((1-1/(1+INTEREST/12)
**ORIGPAY)/(INTEREST/12))+BALLOON/((1+INTEREST/12)**ORIGPAY)
where INTEREST is the interest rate assumed to be used
in setting up the contract, BALLOON is the reported
balloon payment (if any), PAYMENT is the payment
size, and ORIGPAY is the original number of payments. All
contracts were arbitrarily assigned average
conventional mortgage rates for the time the land
contract was issued, as reported in the Federal
Reserve Bulletin. These were: 1971=7.6%, 1972=7.45%,
1973=7.78%, 1974=8.71%, 1975=8.75%, 1976=8.76%,
1977=8.80%, 1978=9.30%, 1979=10.48%, 1980=12.12%,
1981=14.16%, 1982=14.47%, 1983=12.20%.
xxxxxxx. dollars (2,919 to 1,331,315)
0. INAP (4031/4091/4097 cases)
Payments
B3614 (A) SIZE OF EACH LAND CONTRACT PAYMENT.
B3629 (B) Answered for land contracts only. All missing values were
B3644 (C) imputed.
xxxxx. dollars (50 to 32,724)
0. INAP (4031/4091/4097 cases)
question: C19c
B3615 (A) FREQUENCY OF LAND CONTRACT PAYMENTS.
B3630 (B) Answered for land contracts only. All missing values were
B3645 (C) imputed.
5. monthly (60/9/5 cases)
6. yearly (12/3/1 cases)
0. INAP (4031/4091/4097 cases)
question: C19c
B3616 (A) ORIGINAL NUMBER OF LAND CONTRACT PAYMENTS.
B3631 (B) Answered for land contracts only. All missing values were
B3646 (C) imputed.
xxx. number (2 to 360)
0. INAP (4031/4091/4097 cases)
question: C19d
B3617 (A) NUMBER OF LAND CONTRACT PAYMENTS LEFT.
B3632 (B) Calculated from the original number of payments, the date of
B3647 (C) the land contract, and the current date. Calculated
only for land contracts. All missing values were imputed.
xxx. number (1 to 320)
0. INAP (4031/4091/4097 cases)
B3618 (A) AMOUNT OF BALLOON PAYMENT ON LAND CONTRACT (IF ANY).
B3633 (B) Answered only for land contracts. All missing values were
B3648 (C) imputed.
xxxxxx. dollars (2,000 to 550,000)
0. none, INAP (4077/4100/4102 cases)
question: C19g,C19h
Top of Page
HOUSING
Residential Information
B3701 LENGTH OF TIME RESPONDENT HAS LIVED IN COUNTY.
Answered by survey respondent. All missing values were imputed.
xx. years (1 to 90)
-7. all of their life (270 cases)
question: C1
B3702 RESIDENTIAL OWNERSHIP CODE.
All missing values were imputed.
1. own; buying; or land contract (2766 cases)
2. pays rent (1243 cases)
3. neither owns nor rents -- live-in servant; housekeeper;
gardener; farm laborer; others for whom housing is part of
compensation (janitors, nurses) (41 cases)
4. neither owns nor rents -- house is a gift paid for by
someone outside household, household pays only taxes (46 cases)
5. neither owns nor rents -- sold home, has not moved yet (1 case)
6. neither owns nor rents -- living in house which will
inherit, estate in process (1 case)
7. neither owns nor rents -- living in temporary quarters
(garage or shed) while home is under construction (1 case)
8. other arrangement (4 cases)
question: C2
B3703 TYPE OF STRUCTURE IN WHICH HOUSEHOLD LIVES.
All missing values were imputed using conditional mean tables
with randomization.
1. trailer; mobile home (232 cases)
2. detached single family house (2786 cases)
3. 2-family house, 2 units side by side (143 cases)
4. 2-family house, 2 units one above the other (110 cases)
5. detached 3-4 family house (41 cases)
6. row house, 3 or more units in an attached row (127 cases)
7. apartment house, 4 or fewer units (129 cases)
8. apartment house, 5 or more units, 3 stories or less (326 cases)
9. apartment house, 5 or more units, 4 stories or more (194 cases)
10. apartment in a commercial structure (4 cases)
11. other type (11 cases)
question: X5
B3704 FARM FAMILY.
1. yes (64 cases)
5. no (4039 cases)
Rental Information
B3705 AMOUNT OF RENT PER MONTH.
Answered for all observations who are currently renting
(B3702 = 2). All missing values were imputed. Imputations
were done with a regression for log-rent with a random term added.
xxxx. dollars (19 to 3,000)
0. INAP, do not rent (2860 cases)
question: C4
B3706 UTILITIES INCLUDED.
All missing values were imputed. Imputations were done with
conditional mean tables with randomization.
1. includes utilities (190 cases)
3. some utilities included (240 cases)
5. does not include utilities (813 cases)
0. INAP (2860 cases)
question: C4a
B3707 RENTED FURNISHED.
All missing values were imputed. Imputations were done with
conditional mean tables with randomization.
1. furnished (122 cases)
3. partially furnished (68 cases)
5. unfurnished (1053 cases)
0. INAP (2860 cases)
question: C4b
Home Value
B3708 CURRENT VALUE OF HOME.
Answered only if the home is owned (or buying) (B3702 = 1).
All missing values were imputed. The imputation was done by
extrapolation from the purchase price or first mortgage value,
or by regression for log-value with a random term added. The
extrapolation was based on the purchase price and date and regional
housing price indices appropriate for the location of the household.
xxxxxxx. dollars (318 to 5,000,000)
0. INAP, do not own residence (1337 cases)
question: C5
B3709 NET EQUITY IN HOME EXCLUDING SECOND MORTGAGE.
The current value of the home minus the amount outstanding on
the first mortgage (B3708 - B4002). This variable can be
negative. No missing values.
xxxxxxx. dollars (-45,554 to 4,773,260)
0. INAP (1337 cases)
B3710 NET EQUITY IN HOME.
The current value of the home minus the amount outstanding on
the first and second mortgage (B3708 - B4002 - B4024). This
variable can be negative. No missing values.
xxxxxxx. dollars (-45,554 to 3,494,570)
0. INAP (1337 cases)
Purchase Information
B3711 MONTH HOME PURCHASED.
Answered only if the home is owned (or buying). All missing
values were imputed.
xx. month (1 to 12)
-6. household inherited home and no date given (61 cases)
0. INAP (1337 cases)
question: C6
B3712 YEAR HOME PURCHASED.
All missing values were imputed.
xxxx. year (1900 to 1983)
-6. household inherited home and no date given (61 cases)
0. INAP (1337 cases)
question: C6
B3713 PURCHASE PRICE OF HOME.
All missing values were imputed. Imputations were done
extrapolating backward from current value using regional price
indices or from the original amount borrowed on a mortgage.
xxxxxxx. dollars (100 to 1,400,000)
-6. household inherited home (64 cases)
0. INAP (1337 cases)
question: C7
B3714 HOME APPRECIATION.
This variable measures the purchase price of the home as a
fraction of the current price (100 times B3713/B3708). If the
purchase price were 1/2 the current value, for example, then
B3714 would equal 50. No missing values.
xxxx. percentage times 10 (2 to 8000)
-6. household inherited home (64 cases)
0. INAP (1337 cases)
B3715 AVERAGE APPRECIATION.
This variable measures the average existing home (single
family) purchase prices in the quarter that the respondent
bought their home as a fraction of the average existing home
purchase price at the time of the survey. These data are
national averages as published by the National Association of
Realtors. These data only go back to 1963. If prevailing
prices at the time of the survey equal those when the home
was purchased then B3715 would equal 100.
xxxx. percentage times 10 (254 to 1000)
-6. household inherited home (64 cases)
-9. household purchased home prior to 1963 (654 cases)
0. INAP (1337 cases)
B3716 AVERAGE REGIONAL APPRECIATION.
This variable is identical to B3715 except that an annual
index for each of the four census-defined regions of the
country are used rather than a quarterly national index.
For high-income respondents B3716 will equal B3715.
xxxx. percentage times 10 (235 to 1011)
-6. household inherited home (64 cases)
-9. household purchased home prior to 1963 (654 cases)
0. INAP (1337 cases)
Home Mortgage Data Summary
B4009 (1st) AMOUNT ORIGINALLY BORROWED FOR THOSE WITH
B4031 (2nd) MORTGAGES.
All missing values were imputed. Imputations were made using
purchase price information and regionally adjusted
loan-to-value ratios. For second mortgages
imputations were derived from a regression of the
ratio of second mortgages-to- home value with a random
term added. Data for the first mortgage is given in
B4009 and for the second (if any) in B4031. Other
variables reflecting other terms of mortgage loans
(payment size, payment frequency, due date, source of
borrowing, interest rate, variable rate terms, and
Federal guarantees) are given in the Home Mortgage Section.
xxxxxxx. dollars (833 to 1,560,000)
0. none (2506/3929 cases)
question: C10
B4002 (1st) AMOUNT OUTSTANDING ON MORTGAGE.
B4024 (2nd) This variable is directly answered if the mortgage
does not have regular payments; otherwise, it is
computed from information on the mortgage terms.
Computation details are given in the Home Mortgage
Section. The first mortgage is given in B4002 and the
second (if any) in B4024. No missing values.
xxxxxxx. dollars (49 to 1,560,000)
0. none (2506/3929 cases)
question: C11a
Top of Page
OTHER PROPERTIES
(A) First property
(B) Second property
(C) Third property
(D) Fourth property (from other asset section)
Respondents were asked to list any real estate or properties that
the household owned excluding their principal residence and properties
owned by a business (these should be included in the Business
Section). If properties were jointly owned with others
(e.g. partnerships) values for only the household's interest should be
given. Data is given for up to three properties with values and
mortgage information given for each. The fourth property has been
moved from the "other asset" and "other loan" section.
Value of Aggregate Other Property
B3801 AGGREGATE GROSS VALUE OF OTHER PROPERTIES.
The total gross value of other properties (B3805 + B3822 +
B3839 + B3856). No missing values.
xxxxxxxx. dollars (100 to 50,000,000)
0. none (3140 cases)
B3802 AGGREGATE AMOUNT OUTSTANDING ON OTHER PROPERTY
MORTGAGES.
The total outstanding debt on other properties (B3806 + B3823
+ B3840 + B3857). No missing values.
xxxxxxx. dollars (94 to 8,070,427)
0. none (3660 cases)
B3803 AGGREGATE NET EQUITY IN OTHER PROPERTIES.
The total gross value minus the total outstanding debt (B3801
- B3802). No missing values.
xxxxxxxx. dollars (-110,350 to 50,000,000)
-6. net equity is zero but own other property (1 case)
0. none (3140 cases)
Type of Property
B3804 (A) TYPE OF PROPERTY.
B3821 (B) All missing values were imputed (except B3855) using
B3838 (C) conditional mean tables with randomization.
B3855 (D)
10. farm or farmland -- any mention, ranch (68/13/5/0 cases)
11. land only (lot, tract, acreage) (except 15);
building lots (319/100/40/0 cases)
12. land (more than lot size) and seasonal residence
(except 14) (9/1/0/0 cases)
13. land (more than lot size) and some other type of
structure (9/4/0/0 cases)
14. land (more than lot size) and trailer/mobile home
(2/4/0/0 cases)
21. seasonal house (winter/summer home; cottage;
hunting cabin) with lot (156/41/11/0 cases)
22. trailer/mobile home used as a seasonal dwelling
(must be permanently set up on the site) with lot
(7/1/0/0 cases)
24. trailer/mobile home used as a seasonal dwelling
(must be permanently set up on the site) and some
other structure with lot (1/1/0/0 cases)
25. time-share ownership -- any (6/1/0/0 cases)
30. house(s), duplex (204/66/24/0 cases)
31. apartment building(s) (45/20/7/0 cases)
32. business/commercial property (other than 30,31)
(49/29/17/0 cases)
33. apartment building and business property (1/0/1/0 cases)
34. "rental property" -- NA which above; "rental
units" (21/9/4/0 cases)
35. condominium (NA if for own use) (59/33/9/0 cases)
97. other type (4/2/0/0 cases)
-9. NA (for B3855 only, 0/0/0/19 cases)
0. INAP (3143/3778/3985/4084 cases)
question: C21
Value of Individual Other Property
B3805 (A) GROSS VALUE.
B3822 (B) All missing values were imputed. The imputation used either
B3839 (C) data from mortgage value (if given) or from regressions of
B3856 (D) log-value with a random term added.
xxxxxxxx. dollars (100 to 50,000,000)
0. INAP, no property (3143/3778/3985/4084 cases)
question: C22
B3806 (A) AMOUNT OUTSTANDING ON MORTGAGE OR DEBT ON PROPERTY
B3823 (B) (IF ANY).
B3840 (C) This variable is directly answered if the mortgage does not
B3857 (D) have regular payments and for (D). Otherwise it is calculated
from the date the mortgage was taken out, the payment
frequency, the number of riginal payments, the payment
size (PAYMENT), balloon size (BALLOON), and the
interest rate (INTEREST). For a monthly payment mortgage, for
example, the formula would be:
VALUE=PAYMENT*((1-1/(1+INTEREST/12)**PAYLEFT)/(INTEREST/12))
+BALLOON/((1+INTEREST/12)**PAYLEFT)
where PAYLEFT is the number of payments left.
No missing values.
xxxxxxx. dollars (94 to 7,823,941)
0. INAP, no mortgage on property (3720/3973/4058/4099 cases)
question: C23d
B3807 (A) NET EQUITY.
B3824 (B) The gross value minus the amount outstanding on mortgages (if
B3841 (C) any), (B3805, etc. minus B3806 etc.). No missing values.
B3858 (D)
xxxxxxxx. dollars (-83,260 to 50,000,000)
-6. net equity is zero but own property (1/0/1/0 cases)
0. INAP, no property (3143/3778/3985/4084 cases)
Date of Mortgage
B3808 (A) MONTH LOAN TAKEN OUT.
B3825 (B) Answered only if mortgage on property. All missing values
B3842 (C) were imputed.
xx. month (1 to 12)
0. INAP, no mortgage on property (3720/3973/4058 cases)
question: C23a
B3809 (A) YEAR LOAN TAKEN OUT.
B3826 (B) All missing values were imputed.
B3843 (C)
xxxx. year (1956 to 1983)
0. INAP (3720/3973/4058 cases)
question: C23a
B3810 (A) MONTH LOAN DUE.
B3827 (B) The variable is directly answered if the mortgage does not
B3844 (C) have regular payments. Otherwise it is calculated
from the date the mortgage was taken out, the payment
frequency, and the number original payments. If the
calculated due date is before the survey date, the
month due is coded as -9.
xx. month (1 to 12)
-9. NA, due prior to current date for regular payment
mortgages (15/5/3 cases)
0. INAP (3720/3973/4058 cases)
question: C23e
B3811 (A) YEAR LOAN DUE.
B3828 (B) The variable is directly answered if the mortgage does not
B3845 (C) have regular payments. Otherwise it is calculated
from the date the mortgage was taken out, the payment
frequency, and the number original payments. If the
calculated due date is before the survey date, the
year due is coded as -9.
xxxx. year (1983 to 2019)
-9. NA, due prior to current date for regular
payment mortgages. (15/5/3 cases)
0. INAP (3720/3973/4058 cases)
question: C23e
B3812 (A) ORIGINAL MATURITY IN MONTHS.
B3829 (B) Calculated from the date the mortgage was taken out and the
B3846 (C) date it is due. When added to the date the loan was
taken out this should equal the due date, except for
loans past due. No missing values for regular payment
mortgages.
xxx. months (4 to 480)
-9. NA (10/5/2 cases)
0. INAP (3720/3973/4058 cases)
Amount Borrowed on Mortgage
B3813 (A) AMOUNT BORROWED
B3830 (B) All missing values were imputed. Imputations were made using
B3847 (C) sample-generated loan-to-value ratios adjusted for the
date of the mortgage and estimates of the value of the
property.
xxxxxxxx. dollars (1,000 to 15,000,000)
0. INAP (3720/3973/4058 cases)
question: C23b
Payments/interest
B3814 (A) SIZE OF EACH PAYMENT.
B3831 (B) Answered if the mortgage has regular payments (B3815, B3832,
B3848 (C) or B3849 equals 5 or 6). All missing values were
imputed. If all other terms were known, missing
payment size terms could be derived assuming an
interest rate prevailing at the date of the mortgage.
xxxxxx. dollars (16 to 155,773)
-6. no regular payments (21/8/5 cases)
0. INAP (3720/3973/4058 cases)
question: C23c
B3815 (A) FREQUENCY OF PAYMENTS.
B3832 (B) All missing values were imputed.
B3849 (C)
5. monthly (330/110/36 cases)
6. yearly (32/12/4 cases)
8. no regular payments (21/8/5 cases)
0. INAP (3720/3973/4058 cases)
question: C23c
B3816 (A) ORIGINAL NUMBER OF PAYMENTS.
B3833 (B) Answered only if regular payments (B3815, B3832, or B3849
B3850 (C) equals 5 or 6). All missing values were imputed.
xxx. number (4 to 480)
0. no regular payments, INAP (3741/3981/4063 cases)
question: C25
B3817 (A) NUMBER OF PAYMENTS LEFT.
B3834 (B) Calculated from the original number of payments, the date of
B3851 (C) the mortgage, and the current date. If the mortgage
was determined to be overdue, the number of payments
left was imputed. No missing values.
xxx. number (1 to 422)
0. no regular payments, INAP (3741/3981/4063 cases)
B3818 (A) AMOUNT OF BALLOON PAYMENT (IF ANY).
B3835 (B) Answered only if regular payments. All missing values were
B3852 (C) imputed.
xxxxxxx. dollars (97 to 1,300,000)
0. none, no regular payment, INAP (4069/4093/4098 cases)
question: C26,C26a
B3819 (A) ANNUAL RATE OF INTEREST.
B3836 (B) Answered directly for all mortgages with no regular payments.
B3853 (C) If the mortgage has regular payments and all payment
terms were given, the interest rate was solved for
from the implied repayment pattern. In cases where
this was inconsistent with the interest rate given by
respondent, the solved for rate was generally used.
If the interest rate was missing and other payment
terms as well, the average conventional mortgage rate,
as reported in the Federal Reserve Bulletin for the
date of the mortgage (month and year), was
assigned. Yearly averages for these terms were:
1971=7.6%, 1972=7.45%, 1973=7.78%, 1974=8.71%,
1975=8.75%, 1976=8.76%, 1977=8.80%, 1978=9.30%,
1979=10.48%, 1980=12.12%, 1981=14.16%, 1982=14.47%,
1983=12.20%.
xxx. percentage rate times 10 (14 to 210)
-6. zero (1/0/0 cases)
0. INAP (3720/3973/4058 cases)
question: C28
Source of Mortgage
B3820 (A) SOURCE OF MORTGAGE.
B3837 (B) All missing values were imputed. Imputations were made using
B3854 (C) the financial services questions (K31f, K36a-c) and
conditional mean tables with randomization.
1. commercial bank (114/42/16 cases)
2. savings and loan association or savings bank
(123/43/12 cases)
3. credit union (4/1/1 cases)
4. finance or loan company (4/3/0 cases)
5. store or dealer (1/0/0 cases)
6. brokerage company or money market mutual fund (1/0/1 cases)
7. insurance company (4/0/0 cases)
8. mortgage company (24/10/3 cases)
9. contractor or developer (24/7/2 cases)
10. prior owner (60/18/7 cases)
15. employer (1/1/0 cases)
16. friend or relative (not codable above) (5/1/1 cases)
17. individual lender (not codable above) (2/0/0 cases)
21. real estate investment company (3/0/0 cases)
24. federal government: FMHA, SBA, VA, FHA, HUD, NDSL
(9/2/1 cases)
25. other federal government, IRS (1/0/0 cases)
93. farm related lenders (not codable above) (1/0/0 cases)
96. other combinations (1/1/0 cases)
97. other source (1/1/1 cases)
0. INAP (3720/3973/4058 cases)
question: C28
Top of Page
VEHICLES
(A) Vehicle one
(B) Vehicle two
(C) Vehicle three
Number of Vehicles
B3901 NUMBER OF VEHICLES OWNED.
All missing values were imputed.
1. one (1487 cases)
2. two (1363 cases)
3. three (426 cases)
4. four (158 cases)
5. five or more (75 cases)
0. none (594 cases)
question: E2
B3902 TOTAL GROSS MARKET VALUE OF VEHICLES.
The sum of the gross market value of the three vehicles listed
in the Vehicle Section (B3906 + B3915 + B3924) plus estimates
of other vehicle value if more than three vehicles are owned.
Values for the 4th and 5th vehicles were estimated from loan
balances if the vehicles were financed (these loans would appear in
the other loan categories and be identifiable as vehicle loans from
the purpose of the loan). Some other vehicles were listed in the
"other asset" section, and their values included here. Finally, if
other vehicles were owned but not listed nor financed, the value for
each was estimated as 75% (for the 4th vehicle) and 65% (for the 5th
vehicle) of the value of the third vehicle. These percentages are
extrapolations from the calculated relationships between the observed
3 vehicles. All missing values were imputed.
xxxxxx. dollars (68 to 109,337)
0. none (no vehicles) (594 cases)
Type of Vehicle
B3903 (A) GENERAL CLASSIFICATION.
B3912 (B)
B3921 (C) 1. car (2987/1447/450 cases)
2. van (96/80/21 cases)
3. pickup (354/403/140 cases)
4. motorhome (10/12/17 cases)
5. jeep (54/61/18 cases)
6. truck (except pickup) (8/17/13 cases)
7. other (0/2/0 cases)
0. INAP, no vehicle (594/2081/3444 cases)
question: E3
B3904 (A) MAKE AND MODEL.
B3913 (B)
B3922 (C) low-price domestic
111. Chevrolet Vega (13/14/4 cases)
112. Pontiac Astre (0/1/0 cases)
113. Chevrolet Chevette (57/17/4 cases)
116. Chevrolet Nova; Chevy II (56/28/11 cases)
117. Pontiac Ventura; Phoenix (19/5/1 cases)
118. Oldsmobile Omega (14/9/0 cases)
119. Buick Skylark (1975 to date); Apollo (38/17/1 cases)
121. Ford Pinto; Escort/EXP (68/24/10 cases)
122. Mercury Bobcat; Lynx/LN7 (12/6/0 cases)
125. Ford Falcon (prior to 1970) (2/5/1 cases)
126. Ford Fairmont; Tempo; Maverick (67/28/12 cases)
127. Mercury Comet (1971 to date); Zephyr (16/7/1x cases)
128. Ford Granada (34/21/2 cases)
129. Mercury Monarch (11/9/2 cases)
131. Dodge Omni (18/2/0 cases)
132. Plymouth Horizon; TC3 (24/7/2 cases)
135. Plymouth Duster; Scamp; Valiant; Signet (28/15/8 cases)
136. Dodge Dart; Demon; Swinger (23/16/5 cases)
137. Plymouth Reliant; Volare (44/17/2 cases)
138. Dodge Aires; Aspen (29/6/2 cases)
141. American Motors Gremlin (5/4/1 cases)
142. American Motors (other or NA model) (1/0/2 cases)
145. American Motors Hornet; Sportabout; Concord
(22/10/5 cases)
146. American Motors Rambler; American; Rogue (3/3/3 cases)
147. American Motors Pacer (8/2/1 cases)
148. American Motors Spirit (9/2/1 cases)
149. American Motors Eagle (2/4/0 cases)
159. Other low-priced domestic cars (0/0/1 cases)
inexpensive and specialty cars domestic
211. Chevrolet Camaro; Z28 (40/24/7 cases)
212. Pontiac Trans Am; Firebird; Formula (17/12/5 cases)
213. Chevrolet Monza 2 + 2/Cavalier (27/6/2 cases)
214. Buick Skyhawk (5/1/0 cases)
215. Oldsmobile Starfire/Firenze (4/1/1 cases)
216. Pontiac J-2000; Sunbird (13/5/0 cases)
217. Chevrolet Citation; Pontiac Fiero (41/6/2 cases)
221. Ford Mustang; Mustang II; Mercury Capri (1979 to
date) (58/41/15 cases)
222. Mercury Cougar (prior to 1974) (2/4/2 cases)
231. Plymouth Barracuda (1/0/2 cases)
232. Dodge Challenger (prior to 1978) (0/2/0 cases)
241. American Motors Javelin; Amx (2/2/1 cases)
311. Chevrolet Malibu/Celebrity; Laguna; Chevelle
(88/34/8 cases)
312. Pontiac 6000; Safari; GTO; LeMans/Bonneville (82
to present); Tempest (28/15/5 cases)
313. Oldsmobile Cutlass/Supreme/Ciera; F-85; 442;
Vista Cruiser (125/50/9 cases)
314. Buick Century; Skylark (prior to 1975); Regal;
Special; Sport Wagon; Grand Sport (82/29/8 cases)
316. Chevrolet Monte Carlo (76/27/7 cases)
317. Pontiac Grand Prix (39/16/7 cases)
321. Ford Falcon (1970 to date); Futura; Fairlane; LTD
II; Torino or Grand Torino (33/21/13 cases)
322. Mercury Caliente; Capri (prior to 1968); Comet
(prior to 1970); Cyclone; Montego; Villager;
Voyager (7/4/1 cases)
323. Mercury Cougar (1974 to date); X-R7 (16/7/3 cases)
324. Ford Thunderbird (1977 to date); Elite; Torino
Elite (34/7/3 cases)
331. Plymouth Belvedere; GTX; Road Runner; Satellite
(4/6/4 cases)
332. Dodge Charger (except 1966-1970); Magnum XE;
Coronet (10/5/0 cases)
333. Dodge Charger (1966-1970 only) (1/0/0 cases)
334. Chrysler Cardoba (19/8/1 cases)
335. Dodge Diplomat (prior to 82)/400 (2/2/1 cases)
336. Dodge Mirada; Chrysler LeBaron (11/5/0 cases)
341. American Motors Marlin; Matador; SST; Rebel;
Classic (4/1/2 cases) medium-priced domestic
411. Chevrolet (other or NA model); Bel Air; Biscayne;
Caprice; Impala (194/97/24 cases)
421. Ford (other or NA model); Country Sedan; Custom;
Galaxie; LTD; Squire Ranch Wagon; XL (144/70/25 cases)
431. Plymouth (other or NA model); Fury; VIP (39/22/6 cases)
438. Dodge St. Regis/Diplomat (1982 to present) (2/0/0 cases)
511. Pontiac (other or NA model); Bonneville;
Catalina; Executive; Grand Am; Grandville; Star
Chief (67/32/21 cases)
512. Oldsmobile (other or NA model); Delmont; Delta;
88; Jetstar (32/25/14 cases)
513. Buick (other or NA model); Estate Wagon; Wildcat;
LeSabre (62/37/6 cases)
521. Mercury (other or NA model); Colony Park;
Commuter; Marauder; Marquis; Montclair; Monterey;
Park Lane (32/18/5 cases)
531. Dodge (other or NA model); Monaco; Polara (21/17/3 cases)
532. Chrysler (other or NA model); Newport; Town and
Country; Royal (23/21/1 cases)
541. American Motors Ambassador; Brougham; DPL (2/0/2 cases)
559. Other medium-priced domestic cars; Checker;
Desoto; (0/1/0 cases)
high-priced domestic
611. Oldsmobile 98; Regency (29/12/2 cases)
612. Buick Electra; Park Avenue; 225 Limited (24/14/4 cases)
613. Cadillac (other or NA model); Sedan de Ville;
Coupe de Ville (80/32/9 cases)
621. Lincoln (other or NA model); Town Car (10/5/0 cases)
631. Chrysler Imperial; New Yorker; Brougham (19/6/4 cases)
711. Chevrolet Corvette (7/5/6 cases)
712. Oldsmobile Toronado (8/3/2 cases)
713. Buick Riviera (15/9/2 cases)
714. Cadillac Biarritz; Eldorado (22/8/4 cases)
715. Cadillac Seville (24/15/4 cases)
716. Cadillac Cimmaron (1/1/0 cases)
721. Lincoln Continental Mark III/IV/V (21/16/1 cases)
722. Ford Thunderbird (prior to 1977) (6/6/4 cases)
723. Lincoln Versailles (2/2/0 cases)
foreign
861. VW; Rabbit; Dasher/Quantum; Jetta; Scirroco (82/66/23 cases)
862. Toyota (112/57/14 cases)
863. Datsun (Nissan); Sentra (95/48/10 cases)
864. Mercury Capri (1970 to 1978) (2/6/1 cases)
865. Mazda (36/5/2 cases)
866. Fiat (9/8/0 cases)
867. Opel; Buick Opel; Manta, Mant Luxus (9/4/1 cases)
868. Audi; Fox (14/12/1 cases)
869. Volvo (28/15/3 cases)
871. Honda; Civic; Accord (86/29/5 cases)
872. Dodge Colt; Plymouth Cricket (12/7/2 cases)
873. Mercedes (39/32/12 cases)
874. MG (3/8/3 cases)
875. Porsche (6/2/3 cases)
876. Suburu (32/6/0 cases)
877. Triumph (1/1/4 cases)
878. BMW (22/11/5 cases)
879. Saab (7/1/2 cases)
881. Renault (10/2/1 cases)
882. Peugeot (4/5/2 cases)
883. Jaguar (4/3/2 cases)
884. Alfa Romeo (1/2/2 cases)
885. Austin (1/1/1 cases)
887. Other low-priced imports; Cortina (0/0/1 cases)
888. Other medium-priced imports (3/0/0 cases)
889. Other high-priced imports; Rolls Royce;
Lamborghini, Ferrari; DeLorean
(4/4/3 cases)
891. Plymouth Arrow (3/0/0 cases)
892. Citroen (0/1/1 cases)
893. Ford Fiesta (7/0/0 cases)
894. Plymouth Sapporo (1/2/0 cases)
895. Dodge Challenger (1978 to date) (2/0/0 cases)
896. Plymouth Champ; Isuzu Impulse, Imark (7/1/0 cases)
vans, utility, and trucks
910. Import Van; VW bus (8/5/0 cases)
911. Chevrolet or GMC van; Sportvan (Rally-windows);
Greennbrier; Vandura (no windows) (41/32/8 cases)
912. Ford Van; Club Wagon (windows); Econoline (no
windows) (21/22/10 cases)
913. Dodge Van; Sportsman; Voyager (windows) (26/21/3 cases)
920. Import Utility; Toyota; Land Cruiser; VW Thing
(3/3/1 cases)
921. Chevrolet or GMC Utility vehicle; Blazer; Jimmy
(16/11/5 cases)
922. Ford Utility; Bronco (6/7/2 cases)
923. Dodge Utility; Ramcharger; Trail Duster (2/3/0 cases)
924. Jeep Utility; CJ-5; CJ-7; Cherokee (15/15/4 cases)
925. International Harvestor Utility (Scout) (1/4/1 cases)
931. Chevrolet or GMC Suburban (6/3/1 cases)
934. Jeep Suburban; Wagoneer (11/5/5 cases)
935. International Harvestor Suburban (Travelall) (2/0/0 cases)
940. Import Pickup; Luv; Courier; Toyota; Datsun;
VW pickup; Dodge Ram/D50; Plymouth Arrow Pickup;
Suburu "Brat"; Isuzu (54/35/10 cases)
941. Chevrolet or GMC Pickup; Silverado (118/155/44 cases)
942. Ford Pickup; Ranger; F100 (117/139/53 cases)
943. Dodge Pickup; Rom Pickup (15/26/10 cases)
944. Jeep Pickup (2/5/1 cases)
945. International Harvestor Pickup (1/4/5 cases)
947. Other pickup not codable above or NA type (1/6/0 cases)
951. Chevrolet or GMC Sedan Pickup (El Camino, Sprint)
(14/13/5 cases)
952. Ford Sedan Pickup; Ranchero (7/4/4 cases)
961. GMC Motorhome (0/2/3 cases)
963. Dodge Motor Home (5/1/4 cases)
966. Motorhome other than GMC or Dodge, or NA type;
Winnebago (5/9/10 cases)
971. Other Chevrolet or GMC truck -- NA type (2/7/3 cases)
972. Other Ford truck -- NA type (1/5/5 cases)
973. Other Dodge truck -- NA type (2/1/0 cases)
974. Other Jeep -- NA type; Willys (5/15/4 cases)
975. Other International Harvestor truck -- NA type
(1/0/1 cases)
979. Other truck, NA type (2/4/4 cases)
991. Chevrolet compact pickup; S-10; GMC S-1500 (7/6/2 cases)
992. Ford Compact pickup; Ranger (1982-present) (4/5/1 cases)
993. Dodge compact pickup; Rampage (1/0/0 cases)
997. other vehicle (1/3/0 cases)
998. DK make -- automobile (4/2/1 cases)
999. NA make -- automobile (8/11/6 cases)
0. INAP (594/2081/3444 cases)
question: E4
B3905 (A) MODEL YEAR.
B3914 (B) All missing values were imputed. The model year was imputed
B3923 (C) from the purchase price and information on prevailing new and used car prices
taken from the N.A.D.A. price listings of various years.
xxxx. year (1928 to 1984)
0. INAP (594/2081/3444 cases)
question: E5
Market Value
B3906 (A) GROSS CURRENT MARKET VALUE OF VEHICLE.
B3915 (B) This variable was computed primarily from the April 1983
B3924 (C) N.A.D.A. "blue book" (eastern edition) average retail
value for the given model make and year for cars 1976
or newer. For cars with model years between 1966 and
1975 the May 1983 National Edition older car
N.A.D.A. values were used. Extrapolations were made
for cars older than 1966. The actual purchase price
was used for cars of the 1983 model year, or for those
purchased within 6 months of the survey. For some
cars with higher than average purchase prices from
years prior to 1983 the market value was determined by
deflating the purchase price by the average percentage
depreciation to 1983 for a car of that type and value.
For some cars with little given information, the
market value was imputed from a regression. No missing values.
xxxxx. dollars (42 to 61,387)
0. INAP (594/2081/3444 cases)
B3907 (A) NET EQUITY IN VEHICLE.
B3916 (B) The market value minus the amount outstanding on loans (B3906,
B3925 (C) B3915, or B3924 minus B4272, B4292, or B4312). No
missing values.
xxxxx. dollars (-6,171 to 61,387)
-6. net equity is zero but own vehicle (2/0/0 cases)
0. INAP (594/2081/3444 cases)
Purchase Information
B3908 (A) TYPE OF PURCHASE.
B3917 (B) A calculated variable based on the type of vehicle, year of
B3926 (C) purchase, and the model year. This variable is the
same as B4271, B4291, or B4311 if a loan is
outstanding against the car. No missing values.
1. new car when purchased (1358/574/144 cases)
2. used car when purchased (1599/858/300 cases)
3. gift car, -- NA used or new (31/15/6 cases)
4. new truck, van, jeep, or motorhome when purchased
(218/166/46 cases)
5. used truck, van, jeep, or motorhome when purchased
(300/408/160 cases)
6. gift truck, van, jeep, or motorhome -- NA used or
new (3/1/3 cases)
0. INAP (594/2081/3444 cases)
B3909 (A) MONTH OF PURCHASE.
B3918 (B) This variable is the same as B4273, B4293, or B4313 if a loan
B3927 (C) is outstanding against the car. All missing values
were imputed.
xx. month (1 to 12)
-6. household given or inherited vehicle and date
unknown (34/16/9 cases)
0. INAP (594/2081/3444 cases)
question: E6
B3910 (A) YEAR OF PURCHASE.
B3919 (B) This variable is the same as B4274, B4294, or B4314 if a loan
B3928 (C) is outstanding against the car. All missing values
were imputed. Imputed from the cost of purchase,
model year, and information on prevailing new and used
car prices taken from the N.A.D.A. "blue books" and
Edmonds new car price books of various years.
xxxx. year (1942 to 1983)
-6. household given or inherited vehicle and date
unknown (34/16/9 cases)
0. INAP (594/2081/3444 cases)
question: E6
B3911 (A) COST OF PURCHASE.
B3920 (B) This variable is the same as B4286, B4306, or B4326 if a loan
B3929 (C) is outstanding against the car. All missing values
were imputed. For vehicles with loans against them
the cost of purchase was imputed from loan-to-value
ratios for some used cars. For new cars, the
manufacturer's suggested new car price of the model
make and year taken from the N.A.D.A. and Edmonds
books was used. For used cars with no loans, average
calculated depreciation schedules for cars bought in
that year were used to impute the purchase price from
the current value. In other cases the prevailing used
car average retail prices at the time of purchase was used.
xxxxx. dollars (25 to 75,000)
-6. gift or inheritance (63/41/19 cases)
0. INAP (594/2081/3444 cases)
question: E7
B4278 (A) AMOUNT FINANCED FOR THOSE WITH BALANCES STILL OWED.
B4298 (B) All missing values were imputed. Imputations were made from
B4318 (C) purchase price information and sample loan-to-value
tables. Some imputations were made using other loan
terms. Other variables reflecting the terms of the
loans (payment size, payment frequency, date due,
source of borrowing, and interest rate) are detailed
in the Consumer Loan Section.
xxxxx. dollars (63 to 33,000)
0. none, INAP (3072/3866/4061 cases)
question: E9
B4272 (A) AMOUNT OUTSTANDING ON THE LOAN.
B4292 (B) This variable gives the amount still owed (if any) on the
B4312 (C) loan used to purchase the vehicle. The amount
outstanding was given directly in some cases, but in
most instances it was computed from information on the
terms of the loans. The exact methods used and
variables reflecting the terms of the loans (payment
size, payment frequency, date due, source of
borrowing, and interest rate) are detailed in the
Consumer Loan Section. No missing values.
xxxxx. dollars (16 to 29,980)
0. none, INAP (3072/3866/4061 cases)
question: E10a
Top of Page
HOME MORTGAGE DATA
(A) First mortgage loan
(B) Second mortgage loan
If the household owns their residence (or is buying) data are
given for up to two mortgages (or land contracts) against the
property. The "first" mortgage is self-defined by the respondent and
may not be a legal first mortgage. Land contracts will be listed as
first mortgages. Second mortgages are also self-defined. Other loans
used to purchase the property are listed in the Consumer Loan Section
under categories (M) and (N).
Housing Mortgage Totals
B4001 HOUSE MORTGAGE TOTAL.
The sum of first and second mortgage loans on household's
primary residence (B4002 + B4024). No missing values.
xxxxxxx. dollars (95 to 1,786,740)
0. none (2506 cases)
Amount Owed on Individual Mortgage
B4002 (A) AMOUNT OUTSTANDING ON MORTGAGE.
B4024 (B) The variable is directly answered if the mortgage does
not have regular payments. Otherwise it is calculated
from the date the mortgage was taken out, the payment
frequency, the number of original payments, the
payment size (PAYMENT), balloon size (BALLOON), and
the interest rate (INTEREST). For a monthly payment
mortgage, for example, the formula would be:
VALUE=PAYMENT*((1-1/(1+INTEREST/12)**PAYLEFT)/(INTEREST/12))
+BALLOON/((1+INTEREST)**PAYLEFT)
where PAYLEFT is the number of payments left.
No missing values.
xxxxxxx. dollars (49 to l,560,000)
0. INAP, do not have a mortgage (2506/3929 cases)
question: C11a
Date of Mortgage
B4003 (A) MONTH MORTGAGE TAKEN OUT OR REFINANCED.
B4025 (B) All missing values were imputed.
xx. month (1 to 12)
0. INAP (2506/3929 cases)
question: C9
B4004 (A) YEAR MORTGAGE TAKEN OUT OR REFINANCED.
B4026 (B) All missing values were imputed.
xxxx. year (1948 to 1983)
0. INAP (2506/3929 cases)
question: C9
B4005 (A) MONTH MORTGAGE DUE.
B4027 (B) The variable is directly answered if the mortgage does
not have regular payments. Otherwise it is calculated
from the date the mortgage was taken out, the payment
frequency, and the number of original payments. If
the calculated due date is before the survey date,
the month due is coded as -9.
xx. month (1 to 12)
-9. NA, due prior to current date for regular payment
mortgages (12/5 cases)
0. INAP (2506/3929 cases)
question: C11b
B4006 (A) YEAR MORTGAGE DUE.
B4028 (B) The variable is directly answered if the mortgage does
not have regular payments. Otherwise it is calculated
from the date the mortgage was taken out, the payment
frequency, and the number of original payments. If
the calculated due date is before the survey date,
the year due is coded as -9.
xxxx. year (1983 to 2016)
-9. NA, due prior to current date for regular
payment mortgages (12/5 cases)
0. INAP (2506/3929 cases)
question: C11b
B4007 (A) ORIGINAL MATURITY IN MONTHS.
B4029 (B) Calculated from the date mortgage was taken out and
the date the mortgage is due. When added to the date
the loan was taken out this should equal the due date,
except for loans past due. No missing values for
regular payment mortgages.
xxx. months (12 to 480)
-9. NA (6/2 cases)
0. INAP (2506/3929 cases)
B4008 (A) MORTGAGE ASSUMED FROM PREVIOUS OWNER/LAND CONTRACT.
B4030 (B) All missing values were imputed.
1. mortgage assumed (235/10 cases)
2. land contract issued by former owner (25/0 cases)
5. neither assumed or land contract (1337/164 cases)
0. INAP (2506/3929 cases)
question: C8a/C8e
Amount Borrowed on Mortgage
B4009 (A) AMOUNT BORROWED.
B4031 (B) All missing values were imputed. Imputations were
made from purchase price information using regionally
adjusted loan-to-value ratios. For second mortgages,
imputations were derived from a regression of the
ratio of second mortgages-to- home value with a random
term added.
xxxxxxx. dollars (833 to 1,560,000)
0. INAP (2506/3929 cases)
question: C10
Payments/interest
B4010 (A) SIZE OF EACH PAYMENT.
B4032 (B) The amount of each payment excluding taxes and
insurance. Answered only if the mortgage has regular
payments (B4011 or B4033 equals 5 or 6). All missing
values were imputed. Payments were adjusted to
exclude taxes and insurance components. For mortgages
with all other terms known, the payment could be
derived if it was missing.
xxxxxx. dollars (22 to 176,280)
-6. no regular payment (11/8 cases)
0. INAP (2506/3929 cases)
question: C11
B4011 (A) FREQUENCY OF PAYMENTS.
B4033 (B) All missing values were imputed.
5. monthly (1563/159 cases)
6. yearly (23/7 cases)
8. no regular payments (11/8 cases)
0. INAP (2506/3929 cases)
question: C11
B4012 (A) ORIGINAL NUMBER OF PAYMENTS.
B4034 (B) All missing values were imputed.
xxx. number (4 to 480)
0. no regular payments, INAP (2517/3937 cases)
question: C12
B4013 (A) NUMBER OF PAYMENTS LEFT.
B4035 (B) Calculated from original number of payments, the date
the mortgage was taken out, and the current date. If
the mortgage was determined to be overdue, the number
of payments left was imputed.
xxx. number (1 to 404)
0. no regular payments, INAP (2517/3937 cases)
B4014 (A) AMOUNT OF BALLOON PAYMENT.
B4036 (B) All missing values were imputed.
xxxxxxx. dollars (100 to 1,560,000)
0. none, no regular payment, INAP (4058/4082 cases)
question: C14,C14a
B4015 (A) ANNUAL RATE OF INTEREST.
B4037 (B) Answered directly for all mortgages with no regular
payments. If the mortgage has regular payments and
all payment terms were given, the interest rate was
solved for from the implied repayment pattern. In
cases where this was inconsistent with the interest
rate given by respondent, the solved for rate was
generally used. If the interest rate was missing and
other payment terms as well, the average conventional
mortgage rate, as reported in the Federal Reserve
Bulletin for the date of the mortgage (month and
year), was assigned. Yearly averages for these terms
were: 1971=7.6%, 1972=7.45%, 1973=7.78%, 1974=8.71%,
1975=8.75%, 1976=8.76%, 1977=8.80%, 1978=9.30%
1979=10.48%, 1980=12.12%, 1981=14.16%, 1982=14.47%,
1983=12.20%.
xxx. percentage rate times 10 (10 to 260)
-6. zero (4/0 cases)
0. INAP (2506/3929 cases)
question: C15
Source of Mortgage
B4016 (A) SOURCE OF MORTGAGE.
B4038 (B) All missing values were imputed. Imputations were
made using the financial services questions (K31f,
K36a-c) and conditional mean tables with randomizations.
1. commercial bank (433/61 cases)
2. savings and loan association or savings bank (603/42 cases)
3. credit union (12/6 cases)
4. finance or loan company (33/26 cases)
5. store or dealer (2/0 cases)
6. brokerage company or money market mutual fund (2/0 cases)
7. insurance company (26/0 cases)
8. mortgage company (243/8 cases)
9. contractor or developer (14/1 cases)
10. prior owner (102/17 cases)
15. employer (1/3 cases)
16. friend or relative (not codable above) (14/5 cases)
17. individual lender (not codable above) (6/2 cases)
21. real estate investment company (8/0 cases)
23. local, county, state government (12/0 cases)
24. federal government: FMHA, SBA, VA, FHA, HUD, NDSL
(69/1 cases)
25. other federal government, IRS (9/0 cases)
30. church (1/0 cases)
93. farm related lenders (not codable above) (3/1 cases)
97. other source (4/1 cases)
0. INAP (2506/3929 cases)
question: C16
Mortgage Guarantee
B4017 (A) MORTGAGE GUARANTEED BY FEDERAL AGENCY.
1. FHA (224 cases)
2. VA (156 cases)
3. federal land bank (8 cases)
4. FNMA (12 cases)
7. other agency (35 cases)
-8. DK (14 cases)
-9. NA (13 cases)
0. INAP, mortgage not guaranteed (3641 cases)
question: C8b
B4018 (A,1st) REASON FOR CHOOSING FEDERAL GUARANTEE.
B4019 (A,2nd) Answered only if respondent has a mortgage guaranteed
by a federal agency (B4017 = 1 - 7). The first
variable is the first reason for choosing, and the
second is a second reason (if one is given).
credit terms/cost of loan
1. interest rate (151/22 cases)
4. finance charges (13/5 cases)
5. amount of the down payment (47/13 cases)
6. size of monthly payment (7/8 cases)
8. longer contract (3/3 cases)
9. easier to get credit, requires less
collateral/information, less stringent rules, no
red tape, approval faster (4/2 cases)
10. availability of credit insurance, offer/give credit
insurance, lower cost of credit insurance (1/0 cases)
12. handling of early payments -- low/no penalty for
pre-payments; rebate/dismissal of interest when pay
off early (1/0 cases)
20. amount of money that they will let me borrow; what
my credit limit was (1/0 cases)
25. credit terms/arrangements -- NA what;
"affordable terms" (25/3 cases)
26. give the best (better) deal -- NA how (6/3 cases)
29. other credit terms or cost of loan (3/1 cases)
characteristics of credit institution
31. good reputation -- reputable; well known; honest;
stable reliable; experienced; professional (2/0 cases)
41. availability of credit; they would lend me the
money; I could qualify for the loan; only place I
could get the loan (32/7 cases)
49. other characteristics of credit institution (0/1 case)
miscellaneous
80. no choice; only source; "only place in town" (8/0 cases)
81. familiarity; household has previous/good experience
dealing with institution; has other accounts there,
been treated well/ fairly in past; am credit union
member (3/1 cases)
83. recommended/ arranged by dealer/store/contractor
(12/0 cases)
84. recommended by others (9/1 cases)
88. convenient/easy -- nec (9/0 cases)
89. other miscellaneous (10/2 cases)
90. reason related to item purchased -- assumed
mortgage (45/4 cases)
91. like/trust them -- NA why (1/1 cases)
-8. DK (23/0 cases)
-9. NA (19/0 cases)
0. INAP, no second mention (3668/4026 cases)
question: C8c
Variable Rate First Mortgage
B4020 (A) DOES THE RATE DEPEND ON ANOTHER RATE OR SET TO CHANGE.
Answered only if respondent has a variable rate mortgage.
Thus, a code of zero means the first mortgage does not
have a variable interest rate. No imputations.
1. mortgage rate already set to change to a known
amount (23 cases)
5. mortgage rate changes will depend on another
interest rate (76 cases)
-8. DK (26 cases)
-9. NA (3 cases)
0. INAP, no variable rate mortgage (3975 cases)
question: C17,C17a
B4021 (A) ON WHAT RATE DOES THE CHANGE DEPEND?
Answered only if mortgage rate changes will depend on another
interest rate (B4020 = 5). No imputations.
1. consumer price index, CPI (1 case)
3. prime rate (27 cases)
4. treasury bill rate, "t bill rate" (6 cases)
5. "current rate" or "going rate" -- NA rate type (8 cases)
7. other rate (19 cases)
-8. DK (10 cases)
-9. NA (5 cases)
0. INAP, no variable rate mortgage depending on another rate
(4027 cases)
question: C17b
B4022 (A) HOW OFTEN CAN THE RATE CHANGE PER 30 YEARS?
Answered only if the household has a variable rate mortgage
(B4020 is not zero). Respondent's answer is converted
to a 30 year period for comparability. No imputations.
xxx. (6 to 840)
-7. other, non-numeric, answer (8 cases)
-8. DK (29 cases)
-9. NA (15 cases)
0. INAP, no variable rate mortgage (3975 cases)
question: C17c
B4023 (A) DOES MONTHLY PAYMENT CHANGE WHEN INTEREST RATE
CHANGES?
Answered only if the household has a variable rate mortgage
(B4020 is not zero). No imputations.
1. yes (99 cases)
5. no (23 cases)
-8. DK (4 cases)
-9. NA (2 cases)
0. INAP, no variable rate mortgage (3975 cases)
question: C17d
Top of Page
CREDIT CARDS AND REVOLVING DEBT
(A) Gasoline company credit cards
(B) Bank credit cards (Visa, Mastercard, Choice)
(C) General purpose credit cards (American Express,
Diners Club, Carte Blanche)
(D) National retailer credit cards (Sears, Penneys, Wards)
(E) Other store or retailer credit cards
(F) Other credit cards (rental car, airline etc.)
Credit Card and Revolving Debt Totals
B4101 TOTAL REVOLVING CHARGE DEBT.
The sum of total credit card debt plus debt owed against lines
of credit (B4102 + B4125). No missing values.
xxxxxxx. dollars (5 to 6,000,000)
0. none (2482 cases)
B4102 TOTAL CREDIT CARD DEBT.
The sum of the amount owed on gasoline, bank, general purpose,
national retail, other retail, and other credit card debt after
payment of last bill (B4107 + B4110 + B4113 + B4116 + B4119 +
B4122). No missing values.
xxxxx. dollars (5 to 10,200)
0. none (2686 cases)
B4103 DOES HOUSEHOLD HAVE ANY CREDIT CARDS?
All missing values were imputed.
1. yes (2773 cases)
5. no (1330 cases)
question: B1
B4104 DOES HOUSEHOLD HAVE LINES OF CREDIT?
All missing values were imputed.
1. yes (1697 cases)
5. no (2406 cases)
question: B6
Individual Credit Cards By Type
B4105 (A) NUMBER OF CREDIT CARDS OF EACH TYPE.
B4108 (B) Number of different kinds of credit cards (different
B4111 (C) companies) owned for each of the six types of cards.
B4114 (D) Excludes cards owned by business or multiple cards per
B4117 (E) account. All missing values were imputed.
B4120 (F)
1. one (516/1075/565/965/548/229 cases)
2. two (330/663/81/645/382/81 cases)
3. three (229/110/18/321/258/39 cases)
4. four (128/40/5/27/162/9 cases)
5. five (64/13/0/14/100/6 cases)
6. six (34/7/1/12/102/1 cases)
7. seven or more (28/1/0/17/135/2 cases)
0. none, INAP no credit cards
(2774/2194/3433/2102/2416/3736 cases)
question: B2a/B2b/B2c/B2d/B2e/B2f
B4106 (A) FREQUENCY OF CARD USAGE FOR EACH CARD TYPE.
B4109 (B) General usage of cards of each type. Answer only if have
B4112 (C) card type (B4105 etc. > 0). All missing values were imputed.
B4115 (D)
B4118 (E) 1. use often (608/668/319/249/356/59 cases)
B4121 (F) 2. use sometimes (258/697/209/804/685/85 cases)
3. use hardly ever (368/483/121/814/539/148 cases)
5. use never (but have card) (95/61/21/134/107/75 cases)
0. INAP, don't have type of credit card
(2774/2194/3433/2102/2416/3736 cases)
question: B3a/B3b/B3c/B3d/B3e/B3f
B4107 (A) AMOUNT OWED ON CREDIT CARDS OF THIS TYPE.
B4110 (B) Balance owed after last payment was made. Thus the total
B4113 (C) should exclude "convenience credit" whereby the bill is paid
B4116 (D) in full within thirty days, avoiding interest. All missing
B4119 (E) values were imputed by log-regression with random term added
B4122 (F) (conditional mean tables were used for the high-income sample).
xxxx. dollars (3 to 8000)
-6. none (1209/1070/622/1173/1155/345 cases)
0. INAP, don't have type of credit card
(2774/2194/3433/2102/2416/3736 cases)
question: B4a/B4b/B4c/B4d/B4e/B4f
Payment Patterns for Store and Bank Credit Cards
B4123 PAYMENT PATTERNS.
Asked of all respondents owning bank, national retail, or
other store credit cards (B4108 or B4114 or B4117 > 0).
Respondent gave their general payment pattern for credit card
bills. Missing values were not imputed.
1. always pay full amount of credit card bills (1453 cases)
3. sometimes pay full amount or always pay some bills in full
(614 cases)
5. hardly ever pay full amount of bills (592 cases)
-8. DK (4 cases)
-9. NA (39 cases)
0. do not own bank, national retail, or other store credit
card (1401 cases)
question: B5a.
B4124 INTEREST PAID IF ACCOUNT IS NOT PAID IN FULL.
Respondent's best guess as to average interest rate he/she
pays (annualized) if the full bill is not paid on the bank or store
card he/she uses the most often. Answered only if the
household has bank or store cards (B4108 or B4114 or B4117 >
0). Missing values were not imputed.
xxxx. interest rate (percentage times ten) (5 to 995)
-6. none (6 cases)
-8. DK (431 cases)
-9. NA (159 cases)
0. do not own bank, national retail, or other store credit
card (1401 cases)
question: B5b.
Lines of Credit
B4125 AMOUNT OWED ON LINES OF CREDIT.
The amount currently owed on open-ended lines of credit such
as checking account overdrafts or credit union borrowing. All missing
values were imputed using a log-regression with a random term
added (conditional mean tables were used with the high-income sample).
In some instances reported loans were dropped when it was
obvious that they had been double-counted and were reported elsewhere.
xxxxxxx. dollars (33 to 6,000,000)
0. none or do not have lines of credit (3608 cases)
question: B6a
B4126 (1st) TYPE OF FINANCIAL INSTITUTION WHERE LINES OF CREDIT
B4127 (2nd) LOCATED.
B4128 (3rd) Respondents were asked to give the institutions where he/she
B4129 (4th) had lines of credit (whether he/she was drawing on them or
not). These four variables contain the codes of up to
four mentions. All missing values were imputed.
Imputations were done using the financial services
variables (K31g, K36a-c) and conditional mean tables
with randomization.
1. commercial bank (989/0/0/0 cases)
2. savings and loan association or savings bank
(128/85/0/0 cases)
3. credit union (423/150/19/0 cases)
4. finance or loan company (74/32/5/3 cases)
5. store or dealer (0/1/0/0 cases)
6. brokerage or money market mutual fund (58/90/17/2 cases)
7. insurance company (3/12/5/3 cases)
15. employer (6/1/0/0 cases)
16. friend or relative (not codable above) (0/1/0/0 cases)
24. federal government agency; FMHA; SBA; VA; FHA; HUD;
NDSL (1/1/0/0 cases)
28. bank or general purpose credit card company;
American express; VISA; Carte Blanche; Mastercard;
Diners Club (11/8/3/0 cases)
93. farm related lenders, not codable above and NA if
membership group or Federal agency (1/0/1/0 cases)
94. investment or management companies or
consultants -- NEC (0/1/0/0 cases)
97. other source (3/1/1/0 cases)
0. INAP, for first variable it means household does
not have any lines of credit (2406/3720/4053/4095 cases)
question: B6b
B4130 LINES OF CREDIT SECURED BY EQUITY IN HOME?
Is home used as collateral for any lines of credit? All
missing values wereimputed.
1. yes (60 cases)
5. no (1637 cases)
0. INAP (2406 cases)
question: B6c.
Top of Page
CONSUMER LOANS
(A) First addition and repair loan
(B) Second addition and repair loan
(C) Third addition and repair loan
(D) First vehicle loan
(E) Second vehicle loan
(F) Third vehicle loan
(G) First other loan with regular payments
(H) Second other loan with regular payments
(I) Third other loan with regular payments
(J) First other loan with no regular payments
(K) Second other loan with no regular payments
(L) Third other loan with no regular payments
(M) Other housing loan
(N) Second other housing loan or other loan for investments
Respondents were asked about four different types of consumer
loans: (1) addition and repairs (home improvement), (2) vehicle (car),
(3) other loans with regular payments, and (4) other loans without
regular payments. For each category, detailed data were collected on
the terms of up to three loans. There is some spillover from the
Vehicle Section, with some loans for fourth and fifth vehicles listed
in the "other loan" categories. In addition, non-mortgage (or third)
loans used for the purchase of the household's house and loans
reported in the "other loans for investment" in Section K are listed
here. Loans reported in this section should exclude mortgage loans,
loans reported as draws on lines of credit, credit card loans, and
loans from or to businesses owned by the household.
Value of Aggregate Consumer Loans
B4201 TOTAL CLOSED-END CONSUMER DEBT OUTSTANDING.
This variable is the total amount outstanding for all debts
owed by the household and listed in this section except for
loans against the cash value of life insurance policies (B4212
+ B4232 + B4252 + B4272 + B4292 + B4312 + B4332 + B4352 +
B4372 + B4392 + B4412 + B4432 + B4452 + B4472 - B4204).
No missing values.
xxxxxxx. dollars (14 to 5,027,000)
0. none (2194 cases)
B4202 TOTAL REGULAR PAYMENT (INSTALLMENT) DEBT
OUTSTANDING.
This variable is the total amount outstanding for all debts
with regular payments listed in this section. No missing values.
xxxxxx. dollars (14 to 403,325)
0. none (2468 cases)
B4203 TOTAL NON-REGULAR PAYMENT (NON-INSTALLMENT) DEBT
OUTSTANDING.
This variable is the total amount outstanding for all debts
without regular payments (or where the payment pattern was not
ascertained) listed in this section except for loans against
the cash value of life insurance policies (see B4204).
No missing values.
xxxxxxx. dollars (22 to 5,027,000)
0. none (3571 cases)
B4204 TOTAL REPORTED LOANS AGAINST THE CASH VALUE OF LIFE
INSURANCE.
This variable is the sum of loans with irregular payments
reported in (G), (H), (I), (J), (K), (L) which were loans
against the cash value of life insurance policies. It was
assumed that all irregular loans from insurance companies by
households with whole life policies fell in this category. These
loans are excluded from total consumer debt, total debt, and net
worth, as the corresponding cash value asset was not reported as a
life insurance asset (respondents reported the net cash value of whole
life policies after loans were subtracted). No missing values.
xxxxxx. dollars (44 to 300,000)
0. none (3902 cases)
B4205 TOTAL LOANS FOR AUTOMOBILE PURCHASE.
This variable is the total amount outstanding for all loans
used to purchase automobiles or other vehicles (B4211
etc. coded 6 thru 10 or 24) listed in this section. No missing values.
xxxxx. dollars (29 to 54,085)
0. none (2963 cases)
B4206 TOTAL NON-AUTO CONSUMER LOANS.
This variable is the total amount outstanding for all loans
listed in this section except for loans against the cash value
of life insurance and loans used to purchase automobiles or
other vehicles (B4201 - B4205). No missing values.
xxxxxxx. dollars (14 to 5,027,000)
0. none (2860 cases)
Purpose of Credit/Amount Outstanding
B4211 (A) PURPOSE OF CREDIT.
B4231 (B) All missing values were imputed with conditional mean tables
B4251 (C) with randomization.
B4271 (D)
B4291 (E) 1. purchase home (current residence)
B4311 (F) (0/0/0/0/0/0/2/1/2/13/2/0/85/2 cases)
B4331 (G) 2. purchase home (current residence) if mobile home
B4351 (H) (0/0/0/0/0/0/0/0/1/3/0/0/15/0 cases)
B4371 (I) 3. home improvement or addition (including assessment for
B4391 (J) sewer) (146/8/1/0/0/0/8/2/0/9/1/0/0/0 cases)
B4411 (K) 4. home repairs, upkeep, maintenance
B4431 (L) (58/4/1/0/0/0/6/2/1/2/0/0/0/0 cases)
B4451 (M) 6. new automobile (0/0/0/400/51/4/2/0/0/2/1/1/0/0 cases)
B4471 (N) 7. used automobile (0/0/0/452/121/20/5/2/0/11/4/0/0/0 cases)
8. new truck or utility vehicle (0/0/0/67/21/1/0/0/0/
0/0/0/0/0 cases)
9. used truck or utility vehicle
(0/0/0/112/44/17/2/1/0/ 2/0/0/0/0 cases)
11. refrigerator (0/0/0/0/0/0/21/3/0/1/0/0/0/0 cases)
12. stove-range, microwave oven
(0/0/0/0/0/0/8/4/0/1/0/1/0/0 cases)
14. freezer (0/0/0/0/0/0/8/4/0/0/0/0/0/0 cases)
15. air conditioner (0/0/0/0/0/0/5/0/0/1/0/0/0/0 cases)
16. washing machine, washer dryer combination
(0/0/0/0/0/0/26/4/0/0/0/0/0/0cases)
17. dryer (0/0/0/0/0/0/5/0/0/2/0/0/0/0 cases)
18. furniture, lamps, mattress and spring combos
(0/0/0/0/0/0/118/10/4/8/1/0/0/0 cases)
19. rug, carpet (0/0/0/0/0/0/3/0/0/0/0/0/0/0 cases)
20. vacuum cleaner (0/0/0/0/0/0/11/0/1/0/0/0/0/0 cases)
21. sewing machine (0/0/0/0/0/0/2/0/0/0/0/0/0/0 cases)
22. typewriter (manual or electric)
(0/0/0/0/0/0/1/0/0/0/0/0/0/0 cases)
23. home computer, calculator, computer terminal
(0/0/0/0/0/0/3/1/0/1/0/0/0/0 cases)
25. combination of appliances (including TV); appliance NA type
(0/0/0/0/0/0/12/2/0/1/0/0/0/0 cases)
26. furniture and appliance combinations
(0/0/0/0/0/0/7/0/0/0/0/0/0/0 cases)
27. furniture and carpet combinations
(0/0/0/0/0/0/1/0/0/0/0/0/0/0 cases)
28. curtains, drapes, china, other small household
goods/furnishings (0/0/0/0/0/0/4/1/0/1/0/0/0/0 cases)
29. other appliances or durable goods
(0/0/0/0/0/0/4/1/0/0/0/0/0/0 cases)
31. stereo, phonograph (may include radio), sound equipment, amp
(0/0/0/0/0/0/14/4/0/3/0/0/0/0 cases)
34. piano, organ (0/0/0/0/0/0/15/0/0/2/0/0/0/0 cases)
35. musical instruments (except pianos or organs)
(0/0/0/0/0/0/5/0/0/1/1/0/0/0 cases)
36. TV -- NA color or black and white
(0/0/0/0/0/0/43/3/1/0/0/0/0/0 cases)
37. color TV (0/0/0/0/0/0/1/1/0/0/0/0/0/0 cases)
39. "home entertainment center", (incl. combination TV,
radio, phonograph, etc.); beta max, video cassette
recorder/player (0/0/0/0/0/0/5/0/0/0/0/0/0/0 cases)
41. camera; camera equipment (incl. lighting apparatus,
enlarger) (0/0/0/0/0/0/0/1/0/0/0/0/0/0 cases)
49. other small/indoor hobby or entertainment items
(e.g. pool tables) (0/0/0/0/0/0/1/0/0/0/0/0/0/0 cases)
51. power tools (hand held or stationary) -- electric
drill radial arm or chain saw, belt sander, router
(0/0/0/0/0/0/3/1/0/0/0/0/0/0 cases)
52. yard equipment, lawn mower, snow blower, roto-tiller
(0/0/0/0/0/0/1/2/0/1/0/0/0/0 cases)
53. tractor, self propelled construction/farming
devices (non-busi.)(0/0/0/0/0/0/4/0/0/1/0/0/0/0 cases)
59. other tools (0/0/0/0/0/0/0/2/0/0/0/0/0/0 cases)
61. boat; boating equipment (incl. trailer)
(0/0/0/0/0/0/30/6/1/2/0/0/0/0 cases)
62. bicycle, moped (0/0/0/0/0/0/0/2/0/0/0/0/0/0 cases)
63. motorcycle (0/0/0/0/0/0/7/2/0/4/0/0/0/0 cases)
64. snowmobile, off-road vehicles
(0/0/0/0/0/0/1/0/0/0/0/0/0/0 cases)
65. camper-trailers (excluding self-propelled campers)
(0/0/0/0/0/0/11/1/0/4/0/0/0/0 cases)
66. mobile homes (not current residence); self-propelled campers
(0/0/0/0/0/0/3/1/0/0/0/0/0/0 cases)
67. cottage, vacation property
(0/0/0/0/0/0/2/0/0/3/0/0/0/0 cases)
69. other outdoor recreation items
(0/0/0/0/0/0/3/3/0/1/1/0/0/0 cases)
71. stamp/coin collection; antique-classic car
(incl. other similar "asset collections)
(0/0/0/0/0/0/1/0/0/0/0/0/0/0 cases)
72. investment real estate (incl. cemetery plots)
(0/0/0/0/0/0/11/4/4/19/3/0/0/0 cases)
79. other investments (0/0/0/0/0/0/17/2/1/132/22/6/0/34 cases)
81. travel/vacation expenses
(0/0/0/0/0/0/13/3/0/8/0/0/0/0 cases)
82. medical/dental expenses
(0/0/0/0/0/0/96/26/4/49/12/3/0/0 cases)
83. education/school expenses
(0/0/0/0/0/0/59/16/3/166/47/17/0/0 cases)
84. tax and insurance expenses (except for vehicles)
(0/0/0/0/0/0/7/2/1/40/9/1/0/0 cases)
85. weddings, funerals, combinations
(0/0/0/0/0/0/5/2/0/1/1/0/0/0 cases)
86. encyclopedias, health clubs, spas
(0/0/0/0/0/0/7/5/0/0/0/0/0/0 cases)
90. "personal loans" - NA what for
(0/0/0/0/0/0/4/2/2/13/0/0/0/0 cases)
91. living/general expenses; bill consolidation;
moving expenses (0/0/0/0/0/0/47/8/2/74/11/2/0/0 cases)
92. personal items (incl. clothing or jewelry)
(0/0/0/0/0/0/12/1/0/0/1/0/0/0 cases)
93. vehicle repair/upkeep (incl. insurance)
(0/0/0/0/0/0/10/5/2/8/3/0/0/0 cases)
94. gifts; goods or gifts of money; "christmas"
(0/0/0/0/0/0/4/0/0/1/0/0/0/0 cases)
97. other purpose (0/0/0/0/0/0/5/1/0/12/1/1/0/0 cases)
0. INAP, no loan (3899/4091/4101/3072/3866/4061/3392/3959/
4073/3500/3982/4069/4003/4067 cases)
question: D2/E3/F3/F11/
B4212 (A) AMOUNT OUTSTANDING ON LOAN.
B4232 (B) The variable is directly answered if the loan does not have
B4252 (C) regular payments. Otherwise it is calculated from the date
B4272 (D) the loan was taken out, the payment frequency, the number of
B4292 (E) original payments, the payment size (PAYMENT), and the
B4312 (F) interest rate (INTEREST). For a monthly payment loan, for
B4332 (G) example, the formula would be:
B4352 (H) VALUE=PAYMENT*((1-1/(1+INTEREST/12)**PAYLEFT)/(INTEREST/12))
B4372 (I) where PAYLEFT is the number of payments left. No missing
B4392 (J) values.
B4412 (K)
B4432 (L) xxxxxxx. dollars (14 to 5,027,000)
B4452 (M) 0. INAP (3899/4091/4101/3072/3866/4061/3392/
B4472 (N) 3959/4073/3500/3982/4069/4003/4067 cases)
question: D6a/E10a/ /F11/C11a
Date of Loan
B4213 (A) MONTH LOAN TAKEN OUT OR REFINANCED.
B4233 (B) All missing values were imputed except for (N) investment
B4253 (C) loans.
B4273 (D)
B4293 (E) xx. month (1 to 12)
B4313 (F) -9. NA (B4473 only, 34 cases)
B4333 (G) 0. INAP (3899/4091/4101/3072/3866/4061/3392/3959/4073/
B4353 (H) 3500/3982/4069/4003/4067 cases)
B4373 (I)
B4393 (J) question: D4/E6/F4/F12/C9
B4413 (K)
B4433 (L)
B4453 (M)
B4473 (N)
B4214 (A) YEAR LOAN TAKEN OUT OR REFINANCED.
B4234 (B) All missing values were imputed except for (N) investment
B4254 (C) loans.
B4274 (D)
B4294 (E) xxxx. year (1950 to 1983)
B4314 (F) -9. NA (B4474 only, 34 cases)
B4334 (G) 0. INAP (3899/4091/4101/3072/3866/4061/3392/3959/4073/
B4354 (H) 3500/3982/4069/4003/4067 cases)
B4374 (I)
B4394 (J) question: D4/E6/F4/F12/C9
B4414 (K)
B4434 (L)
B4454 (M)
B4474 (N)
B4215 (A) MONTH LOAN DUE.
B4235 (B) The variable is directly answered if the loan does not have
B4255 (C) regular payments. Otherwise it is calculated from the date
B4275 (D) the loan was taken out, the payment frequency, and the number
B4295 (E) of original payments. If the calculated due date is before
B4315 (F) the survey date, the month due is coded as -9.
B4335 (G)
B4355 (H) xx. month (1 to 12)
B4375 (I) -8. DK (for non-regular payment loans only)
B4395 (J) (0/0/0/0/0/0/0/0/0/91/14/5/0/0 cases)
B4415 (K) -9. NA, due prior to current date for regular payment loans
B4435 (L) (25/1/1/72/32/6/92/22/6/246/46/11/13/36 cases)
B4455 (M) 0. INAP (3899/4091/4101/3072/3866/4061/3392/3959/4073/
B4475 (N) 3500/3982/4069/4003/4067 cases)
question: D6c/E10b/ /F15/C11b
B4216 (A) YEAR LOAN DUE.
B4236 (B) The variable is directly answered if the loan does not have
B4256 (C) regular payments. Otherwise it is calculated from the date
B4276 (D) the loan was taken out, the payment frequency, and the number
B4296 (E) of original payments. If the calculated due date is before
B4316 (F) the survey date, the year due is coded as -9.
B4336 (G)
B4356 (H) xxxx. year (1983 to 2012)
B4376 (I) -8. DK (for non-regular payment loans only)
B4396 (J) (0/0/0/0/0/0/0/0/0/91/14/5/0/0 cases)
B4416 (K) -9. NA, due prior to current date for regular payment
B4436 (L) loans (25/1/1/72/32/6/92/22/6/246/46/11/13/36 cases)
B4456 (M) 0. INAP (3899/4091/4101/3072/3866/4061/3392/3959/4073/
B4476 (N) 3500/3982/4069/4003/4067 cases)
question: D6c/E10b/ /F15/C11b
B4217 (A) ORIGINAL MATURITY IN MONTHS.
B4237 (B) Calculated from the date the loan was taken out and the date
B4257 (C) it is due. When added to the date the loan was taken out
B4277 (D) this should equal the due date, except for loans past due.
B4297 (E) No missing values for regular payment loans.
B4317 (F)
B4337 (G) xxx. months (1 to 480)
B4357 (H) -9. NA, due prior to current date for regular payment
B4377 (I) loans (18/0/0/15/3/2/12/2/2/337/60/16/10/36 cases)
B4397 (J) 0. INAP (3899/4091/4101/3072/3866/4061/3392/3959/4073/
B4417 (K) 3500/3982/4069/4003/4067 cases)
B4437 (L)
B4457 (M)
B4477 (N)
Amount Borrowed
B4218 (A) ORIGINAL AMOUNT BORROWED.
B4238 (B) All missing values were imputed. Imputations were made using
B4258 (C) sample-generated loan-to-value ratios adjusted for the date of
B4278 (D) the loan and the size of the purchase.
B4298 (E)
B4318 (F) xxxxxxxx. dollars (32 to 11,000,000)
B4338 (G) -9. NA (B4478 only, 34 cases)
B4358 (H) 0. INAP (3899/4091/4101/3072/3866/4061/3392/3959/
B4378 (I) 4073/3500/3982/4069/4003/4067 cases)
B4398 (J)
B4418 (K) question: D5/E9/F5/F13/C10/K28
B4438 (L)
B4458 (M)
B4478 (N)
B4226 (A) TOTAL COST OF VEHICLE/PROJECT
B4246 (B) Answered only for home improvement or vehicle loans. For (G)
B4266 (C) (H),(J),(K) it is given only if the loan is for a vehicle.
B4286 (D)
B4306 (E) xxxxxx. dollars (280 to 250000)
B4326 (F) 0. INAP or not vehicle/home improvement (3899/4091/
B4346 (G) 4101/3072/3866/4061/4094/4100/4088/4098 cases)
B4366 (H)
B4406 (J) question: D3/E7
B4426 (K)
Payments/interest
B4219 (A) SIZE OF EACH PAYMENT.
B4239 (B) Almost all missing values were imputed. If all other terms
B4259 (C) were known, missing payment size terms could be derived
B4279 (D) assuming an interest rate prevailing at the date of the loan.
B4299 (E)
B4319 (F) xxxxxx. dollars (5 to 28,016)
B4339 (G) -6. no regular payments, payment pattern NA (only for
B4359 (H) B4479) (34/4/0/30/8/4/12/3/2/603/121/34/14/36
B4379 (I) cases)
B4399 (J) 0. INAP (3899/4091/4101/3072/3866/4061/3392/3959/4073/
B4419 (K) 3500/3982/4069/4003/4067 cases)
B4439 (L)
B4459 (M) question: D6/E10/F6/ /C11
B4479 (N)
B4220 (A) FREQUENCY OF PAYMENTS.
B4240 (B) All missing values were imputed except loans taken from
B4260 (C) question K28 (other loans for investments) in B4480.
B4280 (D)
B4300 (E) 3. weekly (5/0/1/17/2/0/13/0/1/0/0/0/0/0 cases)
B4320 (F) 4. bi-weekly (0/0/0/9/1/0/7/2/0/0/0/0/0/0 cases)
B4340 (G) 5. monthly (165/8/1/965/224/38/666/134/26/0/0/0/79/0 cases)
B4360 (H) 6. yearly (0/0/0/10/2/0/13/4/1/0/0/0/7/0 cases)
B4380 (I) 7. every three months (0/0/0/0/0/0/0/1/0/0/0/0/0/0 cases)
B4400 (J) 8. no regular payments (34/4/0/30/8/4/12/3/2/603/121/34/
B4420 (K) 13/2 cases)
B4440 (L) -9. payment pattern NA (B4480 only, 34 cases)
B4460 (M) 0. INAP (3899/4091/4101/3072/3866/4061/3392/3959/4073/
B4480 (N) 3500/3982/4069/4003/4067 cases)
question: D6/E10/F6/ /C11
B4221 (A) ORIGINAL NUMBER OF PAYMENTS.
B4241 (B) Given only for loans with regular payments. All missing
B4261 (C) values imputed.
B4281 (D)
B4301 (E) xxx. number (1 to 520)
B4321 (F) 0. no regular payments, payments NA, INAP (3933/4095/4101
B4341 (G) /3102/3874/4065/3404/3962/4075/4103/4103/4103/4017/
B4361 (H) 4103 cases)
B4381 (I)
B4401 (J) question: D7/E11/F7/ /C12
B4421 (K)
B4441 (L)
B4461 (M)
B4481 (N)
B4222 (A) NUMBER OF PAYMENTS LEFT.
B4242 (B) Calculated from the original number of payments, the date
B4262 (C) of the loan, and the current date. If the loan was determined
B4282 (D) to be overdue, the number of payments left was imputed.
B4302 (E)
B4322 (F) xxx. number (1 to 499)
B4342 (G) 0. no regular payments, payments NA, INAP (3933/4095/4101
B4362 (H) /3102/3874/4065/3404/3962/4075/4103/4103/4103/4017/
B4382 (I) 4103 cases)
B4402 (J)
B4422 (K)
B4442 (L)
B4462 (M)
B4482 (N)
B4465 (M) AMOUNT OF BALLOON PAYMENT (IF ANY).
Answered only for other housing loans. All missing values
were imputed.
xxxxx. dollars (1,200 to 35,000)
0. none, INAP (4094 cases)
question: C14,C14a
B4223 (A) ANNUAL RATE OF INTEREST.
B4243 (B) Answered directly for all loans with no regular payments. If
B4263 (C) the loan has regular payments and all payment terms were
B4283 (D) given, the interest rate was solved for from the implied
B4303 (E) repayment pattern. In cases where this was inconsistent with
B4323 (F) the interest rate given by respondent, the solved for rate was
B4343 (G) generally used. If the interest rate was missing and other
B4363 (H) payment terms as well, the interest rate was imputed using
B4383 (I) rates prevailing at the time the loan was issued, according
B4403 (J) to the type of loan and its purpose.
B4423 (K)
B4443 (L) xxx. percentage rate times 10 (10 to 387)
B4463 (M) -6. zero (8/0/0/11/3/1/6/0/0/107/23/6/5/0 cases)
B4483 (N) -9. interest rate NA (B4483 only, 34 cases)
0. INAP (3899/4091/4101/3072/3866/4061/3392/3959/4073/
3500/3982/4069/4003/4067 cases)
question: D6b/E10c/ /F16/C15
Source of Loan
B4224 (A) SOURCE OF LOAN.
B4244 (B) All missing values were imputed except for investment loans in
B4264 (C) (N). Imputations were made using the financial services
B4284 (D) questions (K31g, K36a-c) and conditional mean tables with
B4304 (E) randomization.
B4324 (F)
B4344 (G) 1. commercial bank (84/5/1/426/113/17/174/27/9/124/26/
B4364 (H) 8/23/1 cases)
B4384 (I) 2. savings and loan association or savings bank
B4404 (J) (38/3/0/54/10/3/16/3/2/31/12/5/5/0 cases)
B4424 (K) 3. credit union (27/1/0/175/41/15/58/11/3/7/1/0/1/0 cases)
B4444 (L) 4. finance or loan company
B4464 (M) (8/0/0/45/10/2/116/23/5/9/3/0/6/0 cases)
B4484 (N) 5. store or dealer (18/0/0/37/8/0/220/42/3/9/2/1/0/0 cases)
6. brokerage company (1/0/0/0/0/0/0/0/0/23/7/1/0/0 cases)
7. insurance company (summed separately for irregular payments)
(7/1/0/4/1/0/2/0/0/203/23/5/7/0 cases)
8. mortgage company (0/0/0/0/0/0/0/0/0/0/0/0/5/0 cases)
9. contractor or developer (4/1/0/0/0/0/0/0/0/0/0/0/3/0 cases)
10. prior owner (0/0/0/4/1/0/2/1/1/2/1/0/12/0 cases)
11. automobile finance company
(0/0/0/251/43/3/0/0/0/1/0/0/0/0 cases)
12. doctor or hospital, dentist
(0/0/0/0/0/0/75/22/4/32/9/3/0/0 cases)
13. lawyer (0/0/0/0/1/0/0/0/0/4/0/0/0/0 cases)
15. employer (1/0/0/6/0/0/4/1/1/10/2/1/3/0 cases)
16. friend or relative (not codable above)
(9/0/1/25/6/1/12/2/1/85/19/2/25/0
cases)
17. individual lender (not codable above)
(1/0/0/1/2/1/3/2/0/0/0/0/0/0 cases)
21. real estate investment company
(0/0/0/0/0/0/0/0/0/0/0/0/1/0 cases)
22. school, college, university
(0/0/0/0/0/0/13/7/1/25/4/2/0/0 cases)
23. local, county, state government
(1/0/0/0/0/0/4/1/0/11/1/1/0/0 cases)
24. Federal government: FMHA, SBA, VA, FHA, HUD, NDSL
(3/0/0/0/0/0/4/1/0/8/6/2/3/0 cases)
25. other Federal government, IRS
(0/0/0/0/0/0/0/0/0/11/3/2/0/0 cases)
30. church (0/0/0/0/0/0/0/0/0/1/0/0/0/0 cases)
32. courts (0/0/0/0/0/0/1/0/0/2/0/0/0/0 cases)
93. farm related lenders (not codable above)
(0/0/0/1/0/0/0/0/0/0/0/0/1/0 cases)
94. investment, management, or consulting companies
(1/0/0/0/0/0/1/0/0/0/0/0/0/0
cases)
96. combinations (0/0/0/0/0/0/1/0/0/0/0/0/4/0 cases)
97. other lender (1/1/0/2/1/0/5/1/0/5/2/1/1/0 cases)
-9. NA (B4484 only, 34 cases)
0. INAP (3899/4091/4101/3072/3866/4061/3392/3959/4073/
3500/3982/4069/4003/4067 cases)
question: D8/E12/F8/F17/C16
B4225 (A) PLACE PAPERS FILLED OUT FOR THE LOAN
B4245 (B) Answered only if the source of the loan was a commercial
B4265 (C) bank, an S&L, a credit union, or a finance company (codes
B4285 (D) 1-4 above). Also answered only for vehicle/home improvement
B4305 (E) and other regular payment loans. This variable is useful
B4325 (F) in determining if the loan was originated in a dealer, for
B4345 (G) example, but later sold to a bank.
B4365 (H)
B4385 (I) 1. commercial bank (58/2/1/215/74/14/125/18/3 cases)
2. savings and loan association or savings bank
(34/2/0/30/7/3/11/0/1 cases)
3. credit union (25/1/0/151/32/14/53/8/3 cases)
4. finance or loan company (5/0/0/24/7/1/61/14/3 cases)
5. store or dealer (4/0/0/235/44/4/75/9/3 cases)
7. insurance company (summed separately for irregular payments)
(0/0/0/5/0/0/0/0/0 cases)
9. contractor or developer (11/0/0/0/0/0/1/0/0 cases)
13. lawyer (1/0/0/0/0/0/0/0/0 cases)
16. friend or relative (not codable above)
(0/0/0/1/0/0/0/0/0 cases)
17. individual lender (not codable above)
(0/0/0/0/0/0/1/1/1 cases)
22. school, college, university (0/0/0/0/0/0/4/1/1 cases)
23. local, county, state government (1/0/0/0/0/0/0/0/0 cases)
26. at home (13/1/0/4/3/0/16/1/0 cases)
97. other location (0/1/0/0/0/0/3/1/0 cases)
-8. DK (0/0/0/4/1/0/0/0/0 cases)
-9. NA (5/2/0/31/6/1/14/11/4 cases)
0. loan source is not a bank, S&L, credit union, or
finance Co.,
INAP (3946/4094/4102/3403/3929/4066/3739/4039/4084 cases)
question: D9/E13/F9
Loan Payment Problems
B4207 PROBLEMS PAYING LOANS.
Respondent answer to the question: "Now thinking of all types
of debts, were all payments made the way they were scheduled
during the last year, or were payments on any of the loans
sometimes made later or missed?" Asked of all respondents
with regularly scheduled payments.
1. all paid as scheduled (1255 cases)
5. sometimes got behind or missed payments (417 cases)
7. other, including "payments not due yet" (13 cases)
-9. NA (224 cases)
0. INAP, no consumer loans (2194 cases)
question: F19
Top of Page
HEAD & SPOUSE DEMOGRAPHIC DATA
(H) Household head (husband, if married)
(S) Spouse (wife)
Demographic data are given for the household head and spouse (if
married). Following past convention, the head is arbitrarily assigned
to the husband for married couples. Couples "living together" or in
common-law marriage are counted as married.
Age, Sex, and Marital Status
B4501 (H) MONTH OF BIRTH.
B4601 (S) All missing values were imputed.
xx. month (1 to 12)
0. INAP, no spouse (0/1468 cases)
question: R58/S58
B4502 (H) YEAR OF BIRTH.
B4602 (S) All missing values were imputed. Imputations were
made using the age reported on the interviewer coding
sheet, education and job data, and children and spouse's
age.
xxxx. year (1884 to 1967)
0. INAP (0/1468 cases)
question: R58/S58
B4503 (H) AGE BY DATE OF BIRTH AT LAST BIRTHDAY.
B4603 (S) All missing values were imputed. This variable was
calculated from the month and year of birth.
xx. years (15 to 98)
0. INAP (0/1468 cases)
B4504 (H) AGE AT LAST BIRTHDAY AS REPORTED ON INTERVIEWER
B4604 (S) CODING SHEET.
This age may differ from that calculated from the reported
date of birth (B4503 or B4603). B4504 is the same as B3127
and B4604 is the same as B3130 (if married). All missing
values were imputed. Imputations were done using date of
birth, job history, children and spouse's age, and education.
xx. years (15 to 98)
0. INAP (0/1468 cases)
question: X4
B3126 (H) SEX OF HEAD.
Observed by the interviewer. Given only for the head, as the
spouse is always female. No missing values.
1. male (3135 cases)
2. female (968 cases)
question: X1
B3111 RACE OF HOUSEHOLD.
Variable is the observed race of the survey respondent. All
missing values were imputed using census data and other sources.
1. caucasion except hispanic (3468 cases)
2. black except hispanic (478 cases)
3. hispanic (111 cases)
4. American indian or Alaskan native (9 cases)
5. Asian or pacific islander (37 cases)
question: X3
B3112 (H) MARITAL STATUS OF HEAD.
No missing values (no imputations were needed).
1. married (includes common-law marriage or couples living together as
"partners") (2635 cases)
2. separated (144 cases)
3. divorced (431 cases)
4. widowed (442 cases)
5. never married (451 cases)
question: R59
Education and Health
B4505 (H) YEARS OF EDUCATION.
B4605 (S) All missing values were imputed. Imputations were
made using age at first job or child, military
service, occupation, and education of spouse.
xx. highest grade finished (1 to 17)
-6. none (16/6 cases)
0. INAP (0/1468 cases)
question: R61/S61
B4506 (H) GRADUATED FROM HIGH SCHOOL (OR EQUIVALENCY TEST)?
B4606 (S) All missing values were imputed.
1. yes (3031/2098 cases)
5. no (1072/537 cases)
0. INAP (0/1468 cases)
question: R61a/S61a
B4507 (H) GRADUATED FROM COLLEGE?
B4607 (S) Includes some junior college graduates, who will
generally have only 14 or 15 years of education.
All missing values were imputed.
1. yes (1152/611 cases)
5. no (2951/2024 cases)
0. INAP (0/1468 cases)
question: R61b/S61b
B4508 (H) SERVED IN MILITARY?
B4608 (S) All missing values were imputed.
1. yes (1560/41 cases)
5. no (2543/2594 cases)
0. INAP (0/1468 cases)
question: R60/S60
B4509 (H) HEALTH.
B4609 (S) Health as self-reported. No missing values.
1. excellent (1652/1154 cases)
2. good (1572/1001 cases)
3. fair (600/344 cases)
4. poor (279/136 cases)
0. INAP (0/1468 cases)
question: R62/S62
Top of Page
Current Job Status
B4510 (H) JOB STATUS AT THE TIME OF THE INTERVIEW.
B4610 (S) All missing values were imputed.
11. working more than 20 hours a week (2569/976 cases)
12. working 20 hours per week or less (87/197 cases)
13. retired, work more than 20 hours a week (48/3 cases)
14. student, work more than 20 hours a week (18/1 cases)
15. housewife, work more than 20 hours a week (4/39 cases)
16. unemployed, work more than 20 hours a week (9/1 cases)
17. other, work more than 20 hours a week (4/3 cases)
18. other, work 20 hours per week or less (1/6 cases)
20. laid off, will return (65/16 cases)
21. laid off, no return (9/6 cases)
22. laid off/other, will return (1/1 cases)
30. unemployed, worked before (189/52 cases)
31. unemployed, never worked (8/2 cases)
32. unemployed, work 20 hours per week or less (10/5 cases)
33. unemployed/other not working (3/1 cases)
50. retired, not working (758/185 cases)
51. retired, work 20 hours per week or less (75/6 cases)
52. retired/other not working (2/3 cases)
70. student, not working (37/21 cases)
72. student, work 20 hours per week or less (28/4 cases)
73. student/other, not working (0/1 cases)
80. housewife, not working (144/1015 cases)
81. housewife, work 20 hours per week or less (5/66 cases)
97. other, not working (29/25 cases)
0. INAP (0/1468 cases)
question: R1,R1a,R1b,R1c,R1d/S1,S1a,S1b,S1c,S1d
B4511 (H) JOB STATUS RECODE.
B4611 (S)
1. working fulltime, more than 20 hours per week
(2652/1023 cases)
2. working parttime, 20 hours per week or less (206/284 cases)
3. temporarily laid off, plan to return to job
(information is given for the job) (67/16 cases)
4. unemployed, laid off and will not return to job
(209/61 cases)
5. retired, not working (760/188 cases)
6. student, not working (37/22 cases)
7. housewife, not working (143/1016 cases)
8. other, not working (29/25 cases)
0. INAP (0/1468 cases)
B4512 (H) CURRENT JOB CODE.
B4612 (S)
1. not currently working (1178/1312 cases)
2. currently working, no pension benefits (1282/759 cases)
3. current working, main pension benefits only (1169/429 cases)
4. currently working, thrift plan benefits only (116/37 cases)
5. currently working, main pension and thrift plan
benefits (358/98 cases)
0. INAP (0/1468 cases)
Job History
B4513 (H) NUMBER OF FULLTIME JOBS HELD MORE THAN ONE YEAR.
B4613 (S) All missing values were imputed.
xx. jobs (1 to 30)
-6. none (223/459 cases)
0. INAP (0/1468 cases)
question: R50/S50
B4514 (H) EXPECT TO WORK FULLTIME IN THE FUTURE?
B4614 (S) Answered only if never had a fulltime job (B4513 or
B4613 = -6). Imputed in some instances when the
individual was beyond normal working years.
1. yes (77/51 cases)
5. no (112/283 cases)
-8. DK (7/23 cases)
-9. NA (27/102 cases)
0. worked fulltime, INAP (3880/3644 cases)
question: R50a/S50a
B4515 (H) AGE OF FIRST FULLTIME JOB.
B4615 (S) Answered only if had a fulltime job (B4513 or B4613 >
0). All missing values were imputed using education,
specific job dates, children's age, and conditional
mean tables with randomization.
xx. years (11 to 63)
0. never had a fulltime job, INAP (223/1927 cases)
question: R51/S51
B4516 (H) NUMBER OF YEARS WORKING FULLTIME JOBS.
B4616 (S) Answered directly of respondents with job breaks, and
calculated from the age started working and current
age for others. All missing values were imputed using
education, specific job dates, military, children's age, and
conditional mean tables with randomization.
xx. years (1 to 69)
0. never had a fulltime job, INAP (223/1927 cases)
question: R52a/S52a
B4517 (H) NUMBER OF YEARS WORKING PARTTIME JOBS LASTING YEAR
B4617 (S) OR MORE.
Includes only primary jobs. Answered directly by some
respondents and calculated for others. All missing
values were imputed using education, specific job
dates, military, children's age, and conditional
mean tables with randomization.
xx. years (1 to 47)
-6. none (3199/1666 cases)
0. INAP (0/1468 cases)
question: R54/S54
B4518 (H) NUMBER OF YEARS SINCE AGE OF FIRST JOB THAT NOT
B4618 (S) WORKING.
Answered directly by some respondents and calculated from age
started working and current age for others. If
respondent never had a fulltime job, this variable
plus the number of years with parttime jobs equals the
current age minus 18 (or is coded zero for head or
spouse under 18). For those with at least one
fulltime job but no parttime jobs, this variable plus
the number of fulltime years equals the current age
minus the age at the first job. For those with both
full and parttime jobs this variable has one of two
values which can be determined uniquely: (1) this
variable plus the number of fulltime years plus the
number of parttime years equals the current age minus
the age at the first job; (2) this variable plus the
number of fulltime years plus the number of parttime
years equals the current age minus 18 (indicates
parttime jobs started before fulltime job). All
missing values were imputed using education, specific
job dates, military, children's age, and conditional
mean tables with randomization.
xx. years (1 to 73)
-6. none (2572/687 cases)
0. INAP (0/1468 cases)
question: R52/S52
Retirement Ages
B4519 (H) REPORTED AGE DID/EXPECT TO RETIRE FROM FULLTIME WORK.
B4619 (S) As reported by respondent.
xx. years (18 to 90)
-6. never worked fulltime job (153/414 cases)
-7. never stop (487/137 cases)
-8. DK (174/134 cases)
-9. NA (98/78 cases)
0. INAP (0/1468 cases)
question: R53,R53a/S53,S53a
B4520 (H) AGE DID/EXPECT TO RETIRE FROM FULLTIME WORK.
B4620 (S) Most missing values were imputed for observations
where head or spouse is over age 39 (otherwise the
same as B4519 or B4619). Imputed (and corrected) for
some individuals who had already retired, from the
dates reported inthe Past Job Section.
xx. years (17 to 90)
-6. never worked fulltime job (112/292 cases)
-7. never stop (480/138 cases)
-8. DK (141/112 cases)
-9. NA (73/154 cases)
0. INAP (0/1468 cases)
B4521 (H) REPORTED AGE DID/EXPECT TO RETIRE FROM ALL WORK.
B4621 (S) Answer given by respondent.
xx. years (17 to 90)
-6. never worked any job (87/260 cases)
-7. never stop (969/306 cases)
-8. DK (266/218 cases)
-9. NA (127/100 cases)
0. INAP (0/1468 cases)
question: R55,R55a/S55,S55a
B4522 (H) AGE DID/EXPECT TO RETIRE FROM ALL WORK.
B4622 (S) Most missing values were imputed for observations
where head or spouse is over age 39
(otherwise the same as B4521 or B4621). Imputed (and
corrected) for some individuals who had already
retired, from the dates reported in the Past Job Section.
xx. years (17 to 90)
-6. never worked any job (72/184 cases)
-7. never stop (1087/371 cases)
-8. DK (123/151 cases)
-9. NA (50/132 cases)
0. INAP (0/1468 cases)
CURRENT JOB
(H) Household head (husband, if married)
(S) Spouse (wife)
Information is given for the current job if the head or spouse is
working or temporarily laid off from their job.
Occupation/Industry
B4531 (H) 3 DIGIT 1970 CENSUS OF POPULATION OCCUPATION CODE.
B4631 (S) Coded from questionnaires by SRC. All missing values
were imputed.
xxx. see table A1 for codes (1 to 984)
0. INAP, not working (1179/2779 cases)
question: R2/S2
B4532 (H) 1 DIGIT 1970 OCCUPATION RECODE.
B4632 (S) Recoded from B4531/B4631. No missing values.
1. professional, technical, and kindred workers (3
digit codes 1-195) (533/281 cases)
2. managers and administrators (except farm) (3 digit
codes 201-245 and not self-employed) (535/121 cases)
3. self-employed managers (3 digit codes 201-245 and
self-employed) (202/57 cases)
4. sales, clerical, and kindred workers (3 digit codes
260-285 or 301-395) (365/471 cases)
5. craftsmen, protective service, and kindred workers
(3 digit codes 401-580, 961, or 963-965) (490/25 cases)
6. operatives, laborers, and service workers (3 digit
codes 601-785, 821-824, 901-960, 962 or 980-984)
(706/363 cases)
7. farmers and farm managers (3 digit codes 801-802)
(64/4 cases)
8. members of armed services (3 digit codes 996-998,
600, or 580) (29/2 cases)
0. INAP (1179/2779 cases)
B4533 (H) 3 DIGIT 1980 CENSUS OF POPULATION OCCUPATION CODE.
B4633 (S) Computed using a program which maps from 1970 codes
(B4531 or B4631) to 1980 codes.
xxx. see table A2 for codes (5 to 900)
0. INAP (1179/2779 cases)
B4534 (H) DETAILED 1980 CENSUS OF POPULATION OCCUPATION RECODE.
B4634 (S) Census-defined "detailed" occupation groups. Used by the CPS.
xx. see table A3 for codes (1 to 51)
0. INAP (1179/2779 cases)
B4535 (H) MAJOR 1980 CENSUS OF POPULATION OCCUPATION RECODE.
B4635 (S) Census-defined "major" occupation groups. Used by the CPS.
1. executive, administrative & managerial
(3 digit codes 3-37) (706/175 cases)
2. professional specialty occupations
(3 digit codes 43-199) (424/239 cases)
3. technicians & related support occupations
(3 digit codes 203-235) (87/34 cases)
4. sales occupations (3 digit codes 243-285) (205/134 cases)
5. administrative support, including clerical
(3 digit codes 303-389) (224/365 cases)
6. private household (3 digit codes 403-407) (43/41 cases)
7. protective services (3 digit codes 413-427, 900)
(85/8 cases)
8. service, except private household and protective
(3 digit codes 433-469) (142/163 cases)
9. farming, forestry and fishing (3 digit codes
473-499) (118/12 cases)
10. precision production, craft and repair occupations
(3 digit codes 503-699) (431/50 cases)
11. machine operators, assemblers, and inspectors
(3 digit codes 703-799) (215/67 cases)
12. transportation and material moving occupations (3
digit codes 803-859) (147/13 cases)
13. handlers, equipment cleaners, helpers and laborers
(3 digit codes 863-889)
(97/23 cases)
0. INAP (1179/2779 cases)
B4536 (H) 3 DIGIT 1970 CENSUS OF POPULATION INDUSTRY CODE.
B4636 (S) Coded from questionnaires by SRC.
xxx. see table A4 for codes (17 to 937)
-9. NA (46/18 cases)
0. INAP (1179/2779 cases)
question: R3/S3
B4537 (H) 3 DIGIT 1980 CENSUS OF POPULATION INDUSTRY CODE.
B4637 (S) Computed using a program which maps from 1970 codes
(B4536 or B4636) to 1980 codes.
xxx. see table A5 for codes (10 to 900)
-9. NA (46/18 cases)
0. INAP (1179/2779 cases)
B4538 (H) DETAILED 1980 CENSUS OF POPULATION INDUSTRY RECODE.
B4638 (S) Census-defined "detailed" industry codes. Used by the CPS.
xx. see table A6 for codes (1 to 46)
-9. NA (46/18 cases)
0. INAP (1179/2779 cases)
B4539 (H) MAJOR 1980 CENSUS OF POPULATION INDUSTRY RECODE.
B4639 (S) Census-defined "major" industry groups. Used by the CPS.
1. agriculture, forestry, and fisheries
(3 digit codes 10-31) (116/17 cases)
2. mining (3 digit codes 40-50) (55/6 cases)
3. construction (3 digit code 60) (209/16 cases)
4. durable goods (3 digit codes 230-392) (447/83 cases)
5. nondurable goods (3 digit codes 100-222) (245/106 cases)
6. transport, communications, and other public
utilities (3 digit codes 400-472) (224/45 cases)
7. wholesale trade (3 digit codes 500-571) (125/39 cases)
8. retail trade (3 digit codes 580-691) (297/218 cases)
9. finance, insurance, and real estate (3 digit codes
700-712) (209/106 cases)
10. business and repair services (3 digit codes
721-760) (148/64 cases)
11. personal services, including private households
(3 digit codes 761-791) (64/92 cases)
12. entertainment and recreation services
(3 digit codes 800-802) (24/9 cases)
13. professional and related services
(3 digit codes 812-892) (533/450 cases)
14. public administration (3 digit codes 900-932)
(182/55 cases)
-9. NA (46/18 cases)
0. INAP (1179/2779 cases)
B4540 (H) TYPE OF EMPLOYER.
B4640 (S) All missing values were imputed.
1. federal government (103/44 cases)
2. state/local government (231/99 cases)
3. public school/college (124/138 cases)
4. private school (32/30 cases)
5. military (32/2 cases)
6. employed by private sector, less than 100 employees
(660/352 cases)
7. employed by private sector, more than 100 employees
(1231/456 cases)
8. self-employed (511/203 cases)
0. INAP (1179/2779 cases)
question: R4,R4a,R5/S4,S4a,S5
Last Worked on Job/Number of Years on Job
B4541 (H) MONTH LAST WORKED.
B4641 (S) Information on last worked is given only if
head/spouse is temporarily laid off from their job and
intends to return (B4510 or B4610 equals 20 or 22).
All missing values were imputed.
xx. month (1 to 12)
-6. currently working (2858/1307 cases)
0. INAP (1179/2779 cases)
question: R1b/S1b
B4542 (H) YEAR LAST WORKED.
B4642 (S) All missing values were imputed.
1981. (4/0 cases)
1982. (38/8 cases)
1983. (24/9 cases)
-6. currently working (2858/1307 cases)
0. INAP (1179/2779 cases)
question: R1b/S1b
B4543 (H) NUMBER OF YEARS SPENT WORKING FOR EMPLOYER.
B4643 (S) All missing values were imputed.
xx. years (1 to 59)
0. INAP (1179/2779 cases)
question: R6/S6
Job Terms/Wages
B4544 (H) AVERAGE HOURS PER WEEK WORKED.
B4644 (S) All missing values were imputed.
xx. hours (1 to 95)
0. INAP (1179/2779 cases)
question: R8/S8
B4545 (H) AVERAGE WEEKS PER YEAR WORKED.
B4645 (S) All missing values were imputed.
xx. weeks (1 to 52)
0. INAP (1179/2779 cases)
question: R9/S9
B4546 (H) ANNUAL INCOME.
B4646 (S) If reported wages were given for periods of less than
one year they were converted to an annual wage by
reported hours-per-week and weeks-per-year. For the area
probability sample, All missing values were imputed by
matching the March 1983 CPS average log-wages for
persons of same sex, race, age, and 3 digit occupation and
adding a random error term. Imputations were done on
a per-hour wage basis an adjusted for hours-per-week
and weeks-per-year. Imputations were done jointly
with past jobs, and were designed so that the error
terms would have a "random effect" with the same
correlation as the sample with complete information. If
wages were known for some jobs but not all, this
information was used in constructing the random
effect, and thus affected all imputations. For the high-
income sample, imputations were made using
occupation/age tables constructed from the high-income
observations with good data. After matching, random
terms were added during imputation.
xxxxxxx. dollars (15 to 1,200,000)
0. INAP (1179/2779 cases)
question: R10/S10
B4547 (H) WEEKLY INCOME.
B4647 (S) Computed from annual income (B4546 or B4646), adjusted
to a weekly wage by reported weeks-per-year (B4545 or
B4645). All missing values were imputed as above.
xxxxx. dollars (1 to 27,273)
0. INAP (1179/2779 cases)
B4548 (H) JOB COVERED BY UNION CONTRACT?
B4648 (S) All missing values were imputed using conditional mean
tables with randomization.
1. yes (691/229 cases)
5. no (2233/1095 cases)
0. INAP (1179/2779 cases)
question: R11/S11
B4549 (H) JOB COVERED BY SOCIAL SECURITY?
B4649 (S) Answer given by respondent.
1. yes (2545/1066 cases)
5. no (360/245 cases)
-8. DK (10/8 cases)
-9. NA (9/5 cases)
0. INAP (1179/2779 cases)
question: R12/S12
B4550 (H) ESTIMATED SOCIAL SECURITY COVERAGE?
B4650 (S) Computed from Social Security rules. No missing values.
1. yes (2749/1233 cases)
5. no (175/91 cases)
0. INAP (1179/2779 cases)
Leave Current Job
B4551 (H) REPORTED NUMBER OF YEARS BEFORE EXPECT TO LEAVE JOB.
B4651 (S) Answer given by respondent.
xx. years (1 to 50)
-7. never retire (478/182 cases)
-8. DK (208/183 cases)
-9. NA (69/37 cases)
0. INAP (1179/2779 cases)
question: R7/S7
B4552 (H) ESTIMATED NUMBER OF YEARS BEFORE EXPECT TO LEAVE JOB.
B4652 (S) All missing values were imputed for observations where
head or spouse is over age 39 and for some others
(otherwise the same as B4551 or B4651).
xx. years (1 to 50)
-7. never retire (304/120 cases)
-8. DK (266/196 cases)
-9. NA (86/42 cases)
0. INAP (1179/2779 cases)
B4553 (H) ESTIMATED AGE WHEN EXPECTED TO LEAVE JOB.
B4653 (S) Estimated years before leaving added to age by birth
date (B4552 + B4503 or B4652 + B4603). All missing
values were imputed for observations where head or spouse
is over age 39 and for some others.
xxx. years (19 to 100)
-7. never retire (304/120 cases)
-8. DK (266/196 cases)
-9. NA (86/42 cases)
0. INAP (1179/2779 cases)
Other Work For Employer
B4554 (H) NUMBER OF OTHER TYPES OF WORK (OCCUPATIONS) FOR
B4654 EMPLOYER.
xx. types of work (1 to 30)
-8. DK (0/3 cases)
-9. NA (12/3 cases)
0. INAP, no other work for employer (3622/3939 cases)
question: R14,R14a/S14,S14a
B4555 (H) YEARS SPENT WORKING ON OTHER WORK.
B4655 (S)
xx. years (1 to 47)
-8. DK (5/0 cases)
-9. NA (13/6 cases)
0. INAP (3622/3939 cases)
question: R14d/S14d
B4556 (H) 3 DIGIT 1970 CENSUS OF POPULATION OCCUPATION CODE
B4656 (S) OTHER WORK.
If there are multiple other jobs, the occupation of
the one where the longest time was spent is coded.
The occupation is coded from questionnaires by SRC.
xxx. see table A1 for codes (1 to 982)
-9. NA (16/4 cases)
0. INAP (3622/3939 cases)
question: R14b,R14c/S14b,S14c
B4557 (H) 3 DIGIT 1980 CENSUS OF POPULATION OCCUPATION CODE OTHER
B4657 (S) WORK.
Coded for the longest other job as above. Computed
using a program which maps from 1970 codes (B4556 or
B4656) to 1980 codes.
xxx. see table A2 for codes (5 to 900)
-9. NA (16/4 cases)
0. INAP (3622/3939 cases)
B4558 (H) DETAILED 1980 CENSUS OF POPULATION OCCUPATION OTHER
B4658 (S) WORK.
Coded for the longest other job as above.
Census-defined "detailed" occupation groups. Used by
the CPS.
xx. see table A3 for codes (1 to 51)
-9. NA (16/4 cases)
0. INAP (3622/3939 cases)
Calculated Relative Real Wage Growth Variables
Using the March 1983 CPS survey data, log-wage (annual income)
was regressed against a constant, age, max(0,age-35), max(0,age-55),
dummies for level of education (high school graduate, some college,
college graduate, and post baccalaureate study -- less than high
school graduate is the omitted category), and dummies for non-white,
self-employment, and less than 20 hours per week of work. Separate
regressions were run for males and females. The regressions were also
run separately for each 1980 3 digit occupation code. This yields
within-occupation expected annual real wage growth rates (abstracting
from economy-wide productivity growth) for three different age spans,
controlling for race and sex. Predicted values from the regression
also yield the average fulltime annual income by 3 digit occupation
code controlling for age, sex, and race.
B4559 (H) WAGE GROWTH SLOPE FOR UNDER 35 YEARS.
B4659 (S)
xxx. slope times 10000 (-38 to 116)
0. zero or INAP (1184/2795 cases)
B4560 (H) WAGE GROWTH SLOPE FOR AGES 36 TO 55.
B4660 (S)
xxx. slope times 10000 (-43 to 19)
0. zero or INAP (1353/2866 cases)
B4561 (H) WAGE GROWTH SLOPE FOR AGES OVER 55.
B4661 (S)
xxxx. slope times 10000 (-117 to 60)
0. INAP (1226/2838 cases)
B4562 (H) INTERCEPT FOR OCCUPATION FROM CPS REGRESSION.
B4662 (S) This is the sum of the occupation-specific constant
term plus the dummy variable terms evaluated at the
values given for the particular observation.
xxxx. intercept times 1000 (-513 to 3,709)
0. INAP (1179/2779 cases)
B4563 (H) STANDARD ERROR FOR OCCUPATION FROM CPS REGRESSION.
B4663 (S)
xxxx. standard error times 1000 (321 to 2,558)
0. INAP (1179/2779 cases)
B4564 (H) ANNUAL EXPECTED INCOME CREATED FROM CPS REGRESSION.
B4664 (S) The variable is for a fulltime worker.
xxxxx. dollars (773 to 108,744)
0. INAP (1179/2779 cases)
Occupation Code Employment Data
B4565 (H) PERCENTAGE OF WEEKS WORKED IN 1982 BY OCCUPATION CODE.
B4665 (S) The average percentage of yearly weeks worked (out of
a maximum of 52) for persons of the same 1980 3-digit
occupation code (B4533 or B4633) as the head (or spouse).
These data are calculated from the March 1983 CPS data
file. No missing values.
xxxx. percentage times 100 (4,999 to 9,785)
0. INAP (1179/2779 cases)
B4566 (H) PERCENTAGE OF HOURS WORKED IN 1982 BY OCCUPATION CODE.
B4666 (S) The average percentage of yearly hours worked (out of
a maximum of 2080) for persons of the same 1980
3-digit occupation code (B4533 or B4633) as the head (or
spouse). These data are calculated from the March
1983 CPS data file. No missing values.
xxxx. percentage times 100 (3,113 to 9,785)
0. INAP (1179/2779 cases)
B4567 (H) PERCENTAGE OF PERSONS IN OCCUPATION UNEMPLOYED IN 1982.
B4667 (S) The percentage of persons in the same 1980 3-digit
occupation code (B4533 or B4633) as the head (or
spouse) that received unemployment or workman's
compensation in 1982. These data are calculated from
the March 1983 CPS data file. No missing values.
xxxx. percentage times 100 (212 to 4,943)
0. INAP (1179/2779 cases)
PAST JOBS
(A) Job before retired/disabled or last paid job if
unemployed, student, or housewife
(B) Longest prior job
(C) Other job from which expect to or now receive pension
(H) Household head (husband, if married)
(S) Spouse (wife)
Detailed job data, comparable to that of the current job, was
asked of up to three previous jobs for both the household head head
and spouse. Information was solicited on the previous job for all
those unemployed, retired, disabled, students, or housewives. Data
was also sought on their longest job (prior to the current one), and
any other jobs for which he/she received or expected a pension (most
are military).
Occupation/Industry
B4701 (A) (H) 3 DIGIT 1970 CENSUS OF POPULATION OCCUPATION CODE.
B4731 (B) (H) Coded from questionnaires by SRC. Some missing values
B4761 (C) (H) imputed.
B4801 (A) (S)
B4831 (B) (S) xxx. see table A1 for codes (1 to 984)
B4861 (C) (S) -9. NA (5/49/2/3/27/0 cases)
0. INAP, no job (2897/1092/4056/3040/2543/4099 cases)
question: R28,R28a,R28b/S28,S28a,S28b
B4702 (A) (H) 3 DIGIT 1980 CENSUS OF POPULATION OCCUPATION CODE.
B4732 (B) (H) Computed using a program which maps from 1970 codes.
B4762 (C) (H)
B4802 (A) (S) xxx. see table A2 for codes (5 to 900)
B4832 (B) (S) -9. NA (5/49/2/3/27/0 cases)
B4862 (C) (S) 0. INAP (2897/1092/4056/3040/2543/4099 cases)
B4703 (A) (H) DETAILED 1980 CENSUS OF POPULATION OCCUPATION RECODE.
B4733 (B) (H) Census-defined "detailed" occupation groups. Used by the CPS.
B4763 (C) (H)
B4803 (A) (S) xx. see table A3 for codes (1 to 51)
B4833 (B) (S) -9. NA (5/49/2/3/27/0 cases)
B4863 (C) (S) 0. INAP (2897/1092/4056/3040/2543/4099 cases)
B4704 (A) (H) 3 DIGIT 1970 CENSUS OF POPULATION INDUSTRY CODE.
B4734 (B) (H) Coded from questionnaires by SRC. Some missing values were
B4764 (C) (H) imputed.
B4804 (A) (S)
B4834 (B) (S) xxx. see table A4 for codes (17 to 937)
B4864 (C) (S) -9. NA (22/89/3/22/50/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
question: R29/S29
B4705 (A) (H) 3 DIGIT 1980 CENSUS OF POPULATION INDUSTRY CODE.
B4735 (B) (H) Computed using a program which maps from 1970 codes.
B4765 (C) (H)
B4805 (A) (S) xxx. see table A5 for codes (10 to 900)
B4835 (B) (S) -9. NA (22/89/3/22/50/0 cases)
B4865 (C) (S) 0. INAP (2897/1092/4056/3040/2543/4099 cases)
B4706 (A) (H) DETAILED 1980 CENSUS OF POPULATION INDUSTRY RECODE.
B4736 (B) (H) Census-defined "detailed" industry codes. Used by the CPS.
B4766 (C) (H)
B4806 (A) (S) xx. see table A6 for codes (1 to 46)
B4836 (B) (S) -9. NA (22/89/3/22/50/0 cases)
B4866 (C) (S) 0. INAP (2897/1092/4056/3040/2543/4099 cases)
B4707 (A) (H) TYPE OF EMPLOYER.
B4737 (B) (H)
B4767 (C) (H) 1. federal government (55/85/3/44/49/1 cases)
B4807 (A) (S) 2. state/local government (94/137/1/69/109/0 cases)
B4837 (B) (S) 3. public school/college (51/90/0/88/114/1 cases)
B4867 (C) (S) 4. private school (12/47/3/23/52/0 cases)
5. military (23/199/21/4/6/0 cases)
6. employed by private sector, less than 100 employees
(320/966/2/349/485/0 cases)
7. employed by private sector, more than 100 employees
(498/1196/14/420/653/2 cases)
8. self-employed (148/214/0/54/60/0 cases)
-9. DK, NA (5/50/3/12/32/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
question: R30,R31,R32/S30,S31,S32
Last Worked On Job/Years on Job
B4708 (A) (H) MONTH LAST WORKED.
B4738 (B) (H) Most missing values were imputed using work history data.
B4768 (C) (H)
B4808 (A) (S) xx. month (1 to 12)
B4838 (B) (S) -6. currently working (applies to second jobs with
B4868 (C) (S) pensions, mainly military reserves) (2/22/3/0/2/0 cases)
-8. DK (1/6/0/0/3/0 cases)
-9. NA (1/19/2/3/10/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
question: R33/S33
B4709 (A) (H) YEAR LAST WORKED.
B4739 (B) (H) Most missing values were imputed using work history data.
B4769 (C) (H)
B4809 (A) (S) xxxx. year (1913 to 1983)
B4839 (B) (S) -6. currently working (applies to second jobs with
B4869 (C) (S) pensions, mainly military reserves) (2/22/3/0/2/0 cases)
-8. DK (1/6/0/0/3/0 cases)
-9. NA (1/19/2/3/10/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
question: R33/S33
B4710 (A) (H) NUMBER OF YEARS SPENT WORKING FOR EMPLOYER.
B4740 (B) (H) Most missing values were imputed using work history data.
B4770 (C) (H)
B4810 (A) (S) xx. years (1 to 61)
B4840 (B) (S) -8. DK (1/6/0/0/3/0 cases)
B4870 (C) (S) -9. NA (1/19/2/3/10/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
question: R34/S34
Job Terms/Wages
B4711 (A) (H) AVERAGE HOURS PER WEEK WORKED.
B4741 (B) (H) Most missing values were imputed using work history data.
B4771 (C) (H)
B4811 (A) (S) xx. hours (1 to 95)
B4841 (B) (S) -8. DK (1/4/0/0/2/0 cases)
B4871 (C) (S) -9. NA (1/20/2/3/10/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
question: R35/S35
B4712 (A) (H) AVERAGE WEEKS PER YEAR WORKED.
B4742 (B) (H) Most missing values were imputed using work history data.
B4772 (C) (H)
B4812 (A) (S) xx. weeks (1 to 52)
B4842 (B) (S) -8. DK (1/4/0/0/2/0 cases)
B4872 (C) (S) -9. NA (1/21/2/3/10/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
question: R36/S36
B4713 (A) (H) ANNUAL INCOME FROM JOB WHEN LEFT.
B4743 (B) (H) If reported wages were given for periods of less than one year
B4773 (C) (H) they were converted to an annual wage by reported hours-per-
B4813 (A) (S) week and weeks-per-year. Almost all missing values were
B4843 (B) (S) imputed by matching the March 1983 CPS average log-wages for
B4873 (C) (S) persons of the same sex, race, age, and 3 digit
occupation and adding a random error term for the area
probability sample. Imputations were done on a per-hour
wage basis and adjusted for hours-per-week and
weeks-per-year. Imputed values were deflated back to
the year of the job using the aggregate wage index.
Imputations were done jointly with for all past and
current jobs, and were designed so that the error
terms would have a "random effect" with the same
correlation as the non-imputed sample. If wages were
known for some jobs but not all, this information was
used in constructing the random effect, and thus
affected all imputations. Imputations were not made for the
high-income sample except in very limited cases
(e.g. military).
xxxxxxx. dollars (5 to 1,000,000)
-8. DK (4/22/0/0/6/0 cases)
-9. NA (7/47/2/5/19/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
question: R37/S37
B4714 (A) (H) ANNUAL INCOME FROM JOB WHEN LEFT IN 1983 DOLLARS
B4744 (B) (H) Computed from nominal income. Adjusted by the CPI to April
B4774 (C) (H) 1983 (the 1967 CPI index = 295.5). Amost all missing values
B4814 (A) (S) were imputed.
B4844 (B) (S)
B4874 (C) (S) xxxxxxx. 1983 dollars (5 to 1,016,862)
-8. DK (4/22/0/0/6/0 cases)
-9. NA (7/48/2/5/19/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
B4715 (A) (H) JOB COVERED BY UNION CONTRACT?
B4745 (B) (H) No missing values were imputed.
B4775 (C) (H)
B4815 (A) (S) 1. yes (345/566/3/160/213/1 cases)
B4845 (B) (S) 5. no (850/2376/41/876/1303/3 cases)
B4875 (C) (S) -8. DK (5/24/0/13/21/0 cases)
-9. NA (6/45/3/14/23/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
question: R38/S38
B4716 (A) (H) JOB COVERED BY SOCIAL SECURITY?
B4746 (B) (H) Answer given by respondent. No missing values were imputed.
B4776 (C) (H)
B4816 (A) (S) 1. yes (971/2547/25/875/1336/0 cases)
B4846 (B) (S) 5. no (218/370/19/167/184/4 cases)
B4876 (C) (S) -8. DK (9/48/0/11/16/0 cases)
-9. NA (8/46/3/10/24/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
question: R39/S39
B4717 (A) (H) ESTIMATED SOCIAL SECURITY COVERAGE?
B4747 (B) (H) Computed from Social Security rules. Almost no missing
B4777 (C) (H) values.
B4817 (A) (S)
B4847 (B) (S) 1. yes (1094/2695/35/934/1415/3 cases)
B4877 (C) (S) 5. no (110/283/10/125/128/1 cases)
-9. NA (2/33/2/4/17/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
Calculated Relative Real Wage Growth Variables
Using the March 1983 CPS survey data, log-wage (annual income)
was regressed against a constant, age, max(0,age-35), max(0,age-55),
dummies for level of education (high school graduate, some college,
college graduate, and post baccalaureate study -- less than high
school graduate is the omitted category), and dummies for non-white,
self-employment, and less than 20 hours per week of work. Separate
regressions were run for males and females. The regressions were also
run separately for each 3 digit occupation code. This yields
within-occupation expected annual real wage growth rates (abstracting
from economy-wide productivity growth) for three different age spans,
controlling for race and sex. Predicted values from the regression
also yield the average fulltime annual income by 3 digit occupation
code controlling for age, sex, and race. These variables are not
given for the high-income sample.
B4718 (A) (H) WAGE GROWTH SLOPE FOR UNDER 35 YEARS.
B4748 (B) (H)
B4778 (C) (H) xxx. slope times 10000 (-38 to 116)
B4818 (A) (S) 0. zero, NA, or INAP (2906/1148/4058/3067/2602/4099
B4848 (B) (S) cases)
B4878 (C) (S)
B4719 (A) (H) WAGE GROWTH SLOPE FOR AGES 36 TO 55.
B4749 (B) (H)
B4779 (C) (H) xxxx. slope times 10000 (-43 to 19)
B4819 (A) (S) 0. zero, NA or INAP (2977/1321/4060/3139/2709/4099
B4849 (B) (S) cases)
B4879 (C) (S)
B4720 (A) (H) WAGE GROWTH SLOPE FOR AGES OVER 55.
B4750 (B) (H)
B4780 (C) (H) xxxx. slope times 10000 (-117 to 60)
B4820 (A) (S) 0. NA or INAP (2969/1222/4059/3092/2655/4100 cases)
B4850 (B) (S)
B4880 (C) (S)
B4721 (A) (H) INTERCEPT FOR OCCUPATION FROM CPS REGRESSION.
B4751 (B) (H) This is the sum of the occupation-specific constant term plus
B4781 (C) (H) the dummy variable terms evaluated at the values given for the
B4821 (A) (S) particular observation.
B4851 (B) (S)
B4881 (C) (S) xxxx. intercept times 1000 (-513 to 3,709)
0. NA or INAP (2902/1141/4058/3043/2570/4099 cases)
B4722 (A) (H) STANDARD ERROR FOR OCCUPATION FROM CPS REGRESSION.
B4752 (B) (H)
B4782 (C) (H) xxxx. standard error times 1000 (298 to 2,558)
B4822 (A) (S) 0. NA or INAP (2902/1141/4058/3043/2570/4099 cases)
B4852 (B) (S)
B4882 (C) (S)
B4723 (A) (H) ANNUAL EXPECTED INCOME CREATED FROM CPS REGRESSION.
B4753 (B) (H) Variable is for a fulltime worker. Expressed in 1983
B4783 (C) (H) dollars.
B4823 (A) (S)
B4853 (B) (S) xxxxx. 1983 dollars (801 to 108,202)
B4883 (C) (S) -9. NA (5/54/2/5/28/0 cases)
0. INAP (2897/1092/4056/3040/2543/4099 cases)
PENSION FOR CURRENT JOB
(H) Household head (husband, if married)
(S) Spouse (wife)
All current job holders were asked two sets of pension questions.
The first, which is described here, related to primary pension plans.
The second, described in the next section, related to thrift-type or
secondary pension plans. The taxonomy, however, was self-defined by
the respondent. If head/spouse was currently covered by a primary
pension plan, all questions in this section were asked. Otherwise
only the first two questions on coverage were asked.
Pension Coverage
B4901 (H) PENSION COVERAGE.
B5001 (S)
1. covered and vested, anticipates benefits (1063/326 cases)
2. covered and DK if vested, anticipates benefits (56/31 cases)
3. covered but not vested yet, anticipates benefits
(357/147 cases)
4. covered but not vested yet, does not anticipate
benefits (51/23 cases)
5. not covered, anticipates will be (pension questions
not asked) (131/64 cases)
6. not covered, never will be (pension questions not
asked) (663/482 cases)
7. not covered, DK whether will be in future (pension
questions not asked) (117/46 cases)
8. self-employed (pension questions not asked) (487/204 cases)
0. INAP, not currently working (1179/2779 cases)
question: R15,R15a/S15,S15a
B4902 (H) AGE WHEN EXPECT TO BE COVERED.
B5002 (S) Answered only if not currently covered but will or may
be (pension coverage code, B4901 or B5001, equals 5 or 7).
xx. years (16 to 67)
-8. DK (29/15 cases)
-9. NA (134/51 cases)
0. INAP, currently covered, or never covered (3855/3993 cases)
question: R15b/S15b
B3309 NET PRESENT VALUE OF PENSIONS FROM CURRENT JOBS.
The sum of the gross present value of current job pension
benefits, excluding thrift accounts, for head and spouse
(B3310) minus the present value of wage contribution
liabilities (B3311). Expectations data used for calculations.
No missing values for households where head or spouse is over
age 39.
xxxxxxx. dollars (xxx to xxxxxxx)
-9. NA
0. INAP
B3310 GROSS PRESENT VALUE OF PENSIONS FROM CURRENT JOBS.
The sum of the gross present value of current job pension
benefits, excluding thrift accounts, for head and spouse
(B4920 + B5020). Expectations data used for calculations. No
missing values for households where head or spouse is over age 39.
xxxxxxx. dollars (xx to xxxxxxx)
-9. NA
0. INAP
B3311 PRESENT VALUE OF PENSION LIABILITY FROM CURRENT JOBS.
The sum of the gross present value of current job pension
contributions for head and spouse (B4928 + B5028). No missing
values for households where head or spouse is over age 39.
xxxxxx. dollars (xx to xxxxxx)
-9. NA
0. INAP
B3312 TOTAL DEFINED CONTRIBUTION ACCOUNT PENSION ASSETS.
The total amount in defined contribution pension accounts of
the current job of head or spouse which could be withdrawn if
the employee left the firm (B4930 + B5030). This total is
also included in B3309. No missing values.
xxxxxx. dollars (10 to 2,000,000)
-6. none withdrawable but have defined contribution
account (103 cases)
0. none (3528 cases)
Number and Type of Plans
B4903 (H) NUMBER OF DISTINCT PENSION PLANS.
B5003 (S)
1. one (1043/362 cases)
2. optional parts (198/76 cases)
3. more than one plan (109/26 cases)
-8. DK (151/60 cases)
-9. NA (26/3 cases)
0. INAP, no pension plan (2576/3576 cases)
question: R16a/S16a
B4904 (H) TYPE OF PENSION PLAN.
B5004 (S) If more than one plan, the type of main plan. No
missing values were imputed.
1. defined benefit (772/249 cases)
3. features of both defined benefit and defined
contribution (300/105 cases)
5. defined contribution (173/58 cases)
-8. DK (250/108 cases)
-9. NA (32/7 cases)
0. INAP (2576/3576 cases)
question: R23/S23
B4905 (H) WHETHER OTHER EMPLOYERS ARE ON MAIN PLAN?
B5005 (S) No missing values were imputed.
1. yes (427/184 cases)
5. no (918/281 cases)
-8. DK (153/60 cases)
-9. NA (29/2 cases)
0. INAP (2576/3576 cases)
question: R16/S16
B4906 (H) AGE COVERED ON FIRST OR MAIN PLAN.
B5006 (S) Computed by subtracting the years covered on the main
plan from age by birth date. Most missing values were imputed.
xx. years (16 to 74)
-8. DK (42/16 cases)
-9. NA (55/15 cases)
0. INAP (2576/3576 cases)
question: R15b/S15b
B4907 (H) AGE COVERED ON SECOND PLAN.
B5007 (S) Computed by subtracting the years covered on the
second plan from age by birth date. Most missing
values were imputed.
xx. years (16 to 60)
-8. DK (38/7 cases)
-9. NA (179/81 cases)
0. INAP or only one plan (3631/3938 cases)
question: R16c/S16c
Retirement Ages
B4908 (H) AGE AT WHICH RESPONDENT WILL BE VESTED IN MAIN PLAN.
B5008 (S) Some missing values were imputed. Given only if
covered but not vested.
xx. years (22 to 75)
-6. already vested (1063/326 cases)
-8. DK (119/79 cases)
-9. NA (21/9 cases)
0. INAP (2576/3576 cases)
question: R16d,R16e/S16d,S16e
B4909 (H) AGE AT WHICH RESPONDENT COULD RETIRE WITH FULL
B5909 (S) BENEFITS.
Values were imputed only in cases where it was clear that the
question was misinterpreted.
xx. years (22 to 85)
-8. DK (263/99 cases)
-9. NA (63/14 cases)
0. INAP (2576/3576 cases)
question: R17/S17
B4910 (H) FORMULA FOR TIMING OF RETIREMENT WITH FULL BENEFITS.
B5010 (S) Values were imputed only in a few cases where it was
clear that the question was misinterpreted.
1. retirement formula based on age (615/209 cases)
2. retirement formula based on years of service (333/125 cases)
3. retirement formula based on meeting both age and
years of service criteria (135/44 cases)
4. retirement formula based on the sum or age and
years of service (8/2 cases)
6. retirement formula based on meeting either age or
years of service criteria (120/36 cases)
7. other combinations or formulas (8/2 cases)
-8. DK (254/97 cases)
-9. NA (54/12 cases)
0. INAP (2576/3576 cases)
question: R17/S17
B4911 (H) AGE AT WHICH RESPONDENT COULD FIRST RETIRE WITH SOME
B5011 (S) BENEFITS.
Values were imputed only in cases where it was clear that the
question was misinterpreted.
xx. years (22 to 69)
-6. cannot retire early with reduced benefits (316/119 cases)
-7. other non-numeric answer given (1/0 cases)
-8. DK (406/158 cases)
-9. NA (81/20 cases)
0. INAP (2576/3576 cases)
question: R18,R19/S18,S19
B4912 (H) FORMULA FOR TIMING OF EARLY RETIREMENT WITH SOME
B5012 (S) BENEFITS.
Values were imputed only in a few cases where it was
clear that the question was misinterpreted. Asked
only if early retirement is possible (see B4911 and B5011).
1. retirement formula based on age (370/104 cases)
2. retirement formula based on years of service (237/90 cases)
3. retirement formula based on meeting both age and
years of service criteria (71/21 cases)
4. retirement formula based on the sum or age and
years of service (1/1 cases)
6. retirement formula based on meeting either age or
years of service criteria (51/16 cases)
7. other combinations or formulas (13/5 cases)
-6. cannot retire early (316/119 cases)
-8. DK (399/156 cases)
-9. NA (69/15 cases)
0. INAP (2576/3576 cases)
question: R19/S19
B4913 (H) AGE AT WHICH RESPONDENT EXPECTS BENEFITS TO START.
B5013 (S) All missing values were imputed. This question is
answered even if respondent does not expect to work
long enough to receive benefits. It is the age that
respondent expects to begin drawing benefits if it
turns out that he/she does receive them.
xx. years (34 to 85)
0. INAP (2576/3576 cases)
question: R20/S20
B4914 (H) NUMBER OF YEARS UNTIL BENEFITS START.
B5014 (S) Computed from age at which benefits are expected to
start (B4913 or B5013) and current age as given by
birth date (B4503 or B4603). All missing values were
imputed.
xx. years (1 to 48)
0. INAP (2576/3576 cases)
Retirement Benefits
B4915 (H) ANNUAL PAY IN THE FINAL YEAR OF JOB.
B5015 (S) This variable, used in pension benefit calculations,
is computed by projecting current pay to the year
respondents say he/she will leave/retire. Wage growth is
assumed to have three components: (1) occupation
specific (adjusted for age) taken from the slopes in
the CPS log-wage regressions (for high-income
observations this is assumed to be zero); (2) a Social
Security Plan II-B assumption of 1.5% annual economy
wide real wage growth; and (3) a Social Security Plan
II-B assumption of 4.0% inflation. The variable is
computed for all observations where the age of
retirement (B4553 or B4653) is given or has been imputed.
xxxxxxx. dollars (25 to 2,959,572)
-9. NA (223/134 cases)
0. INAP (1178/2780 cases)
B4916 (H) REPORTED EXPECTATION OF RETIREMENT BENEFITS.
B5016 (S) Variable is the expected dollar retirement benefits in
the first year of eligibility as answered by the
respondent. For some observations the dollar amount
was reported directly, but for others it was computed
by multiplying reported benefits as a percentage times
the calculated projected final wage. The variable is
given as an annual amount except when a lump sum is
expected (in which case the lump sum amount is given).
xxxxxx. dollars (100 to 3,000,000)
-6. none, covered under plan but don't expect
benefits (11/4 cases)
-8. DK (822/343 cases)
-9. NA (258/62 cases)
0. INAP (2576/3576 cases)
question: R21/S21
B4917 (H) REPORTED EXPECTED RETIREMENT BENEFITS AS PERCENT OF
B5017 (S) FINAL PAY.
This variable is the expected retirement benefits in
the first year of eligibility as answered by the
respondent, expressed as a percent of their projected
wages in their final year of work. For some
observations the percent was reported directly, but
for others it was computed by dividing the reported
dollar benefit by the calculated projected final wage.
xxxx. percentage times 10 (4 to 1,000)
-6. none, covered under plan but don't expect
benefits (11/7 cases)
-7. answer above (B4916 or B5016) is a lump sum
benefit in dollars (19/8 cases)
-8. DK (35/19 cases)
-9. NA (1275/472 cases)
0. INAP (2576/3576 cases)
question: R21/S21
B4918 (H) EXPECTED RETIREMENT BENEFITS.
B5018 (S) This variable is the expected dollar retirement
benefits in the first year of eligibility as shown
above (B4916 or B5016), but with missing values imputed for
households where the head or spouse is over age 39.
Imputations were made using a regression for benefits
as a percent of final wages (see B4919 or B5019) with a
random term added. The variable is given as an annual
amount except when a lump sum is expected (in which
case the lump sum amount is given).
xxxxxxx. dollars (100 to 3,000,000)
-6. none, covered under plan but don't expect
benefits (51/23 cases)
-8. DK (389/175 cases)
-9. NA (40/14 cases)
0. INAP (2576/3576 cases)
B4919 (H) EXPECTED RETIREMENT BENEFITS AS A PERCENT OF FINAL PAY.
B5019 (S) This variable is the expected retirement benefits in
the first year of eligibility expressed as a percent
of their projected wages in their final year of work. All
missing values were imputed for households where the
head or spouse is over age 39. Otherwise, these
variables are the same as B4917 or B5017. Imputations were
made using the same regression as B4918 and B5018.
xxxxx. percentage times 10 (3 to 20,000)
-6. none, covered under plan but don't expect
benefits (51/23 cases)
-7. answer above (B4918 or B5018) is a lump sum
benefit in dollars (19/8 cases)
-8. DK (9/4 cases)
-9. NA (429/184 cases)
0. INAP (2576/3576 cases)
B4920 (H) PRESENT VALUE OF PENSION BENEFITS FROM MAIN PLAN.
B5020 (S) This variable is measured assuming an annual (or lump
sum) pension benefit as given above, starting in the
year of first benefits. Benefits for that and each
succeeding year are adjusted for the probability of
death and are discounted back to 1983. Sex-based
Social Security mortality tables are used to compute the
probabilities of death (standard for each year).
These are capped at 109 years. Spousal survival
benefits are assumed to be opted for 75 percent the
time and are randomly assigned when appropriate.
Spousal survival benefits are also adjusted
for death probabilities. Benefits are discounted at
the 1983 long-term U.S. government bond rate of 10.85
percent. The variable is currently calculated only
for observations where head or spouse is over age 39.
xxxxxxx. dollars (493 to 918,860)
-9. not calculated (713/270 cases)
0. zero or INAP (2576/3576 cases)
Contributions to Main Retirement Plans
B4921 (H) PERCENTAGE OF PAY EMPLOYEE REQUIRED TO CONTRIBUTE
B5021 (S) IN 1982.
All missing values were imputed. Imputations were
made using a regression of percent of pay with a
random term added. Handled differently for first year
employees.
xxx. percentage times 10 (1 to 200)
-6. none (1139/441 cases)
0. INAP (2576/3576 cases)
question: R22a,R22b/S22a,S22b
B4922 (H) DOLLAR AMOUNT EMPLOYEE REQUIRED TO CONTRIBUTE IN 1982.
B5022 (S) All missing values were imputed using the same
regression as above (B4921 or B5021).
xxxxx. dollars (26 to 45,470)
-6. none (1139/441 cases)
0. INAP (2576/3576 cases)
B4923 (H) PERCENTAGE OF PAY EMPLOYEE VOLUNTARILY CONTRIBUTED
B5023 (S) IN 1982.
All missing values were imputed. Imputations were
made using a regression of percent of pay with a
random term added. First year employees were handled
differently.
xxxx. percentage times 10 (3 to 1,916)
-6. none (1241/428 cases)
0. INAP (2576/3576 cases)
question: R22c,R22d/S22c,S22d
B4924 (H) DOLLAR AMOUNT EMPLOYEE VOLUNTARILY CONTRIBUTED
B5024 (S) IN 1982.
All missing values were imputed using the same
regression as above (B4923 or B5023).
xxxxxx. dollars (36 to 400,000)
-6. none (1241/428 cases)
0. INAP (2576/3576 cases)
B4925 (H) PERCENTAGE OF PAY EMPLOYER CONTRIBUTED IN 1982.
B5025 (S) Answered only for defined contribution or mixed plans.
All missing values were imputed. Imputations were
made using a regression of percent of pay with a random
term added. First year employees were handled differently.
xxx. percentage times 10 (6 to 350)
-6. none (48/19 cases)
0. INAP, no defined contribution plan (3630/3940 cases)
question: R23a,R23b/S23a,S23b
B4926 (H) DOLLAR AMOUNT EMPLOYER CONTRIBUTED IN 1982.
B5026 (S) All missing values were imputed using the same
regression as above (B4925 or B5025).
xxxxxx. dollars (12 to 210,000)
-6. none (48/19 cases)
0. INAP, no defined contribution plan (3630/3940 cases)
B4927 (H) PRESENT VALUE OF ALL FUTURE WAGES FOR CURRENT JOB.
B5027 (S) This variable is computed using the same wage growth
assumptions as used to compute the wage in the final
year of the job. The present value of future wages
is computed by discounting the wages of each year back
to 1983 using the 1983 long-term U.S. Government bond
rate of 10.85 percent. This variable is computed
for all observations where the age of retirement
(B4553 or B4653) is given or has been imputed.
xxxxxxxx. dollars (43 to 14,861,994)
-9. NA, not calculated (223/xxx cases)
0. INAP (1232/2779 cases)
B4928 (H) PRESENT VALUE OF PENSION CONTRIBUTIONS (LIABILITIES).
B5028 (S) This variable is computed by multiplying the present
value of future wages for the current job, times the
sum of the employer and employee contribution rates. If
neither contribution rate is known, or for defined
benefit plans, an average contribution rate of 5.5
percent is used. This variable is computed for all
observations where the age of retirement (B4553 or
B4653) is given or has been imputed.
xxxxxx. dollars (xxx to xxxxxx)
-9. NA, not calculated (xxx/xxx cases)
0. none, INAP
Amount in Defined Contribution Account
B4929 (H) DOLLAR AMOUNT IN ACCOUNT.
B5029 (S) The gross amount in the account, including taxable and
non-taxable portions. Given only for plans with
defined contribution features (B4904 equals 3 or 5 or
B5004 equals 3 or 5). All missing values were
imputed. Imputations were made using regression of
log-value with a random term added. First year
employees were handled differently.
xxxxxxx. dollars (50 to 2,000,000)
0. INAP, no defined contribution account
(3630/3940 cases)
question: R23c/S23c
B4930 (H) DOLLAR AMOUNT WITHDRAWABLE NOW.
B5030 (S) The amount in the account that could be withdrawn if
the employee left the firm now, including taxable and
non-taxable portions. All missing values were imputed.
Imputations were made using a regression of
percent-withdrawable with a random term added.
xxxxxxx. dollars (10 to 2,000,000)
-6. none withdrawable now (90/27 cases)
-7. other, non-numeric, response (4/1 cases)
0. INAP (3630/3940 cases)
question: R23d/S23d
B4931 (H) PERCENTAGE OF ACCOUNT WITHDRAWABLE NOW.
B5031 (S) The percentage of the account that could be withdrawn
if the employee left the firm now, including taxable
and non-taxable portions. Computed from the amount in
the account and the portion withdrawable now. All
missing values were imputed using the same regression
as B4930 or B5030.
xxxx. percentage times 10 (3 to 1,000)
-6. none withdrawable now (90/27 cases)
-7. other, non-numeric, response (4/1 cases)
0. INAP (3630/3940 cases)
question: R23d/S23d
THRIFT-TYPE PLANS FOR CURRENT JOB
(H) Household head (husband, if married)
(S) Spouse (wife)
If respondent and/or their spouse was working, information was
sought on thrift, profit sharing, or other tax-deferred compensation
or savings plans that respondent (or their spouse) participated in at
their firm. Primary pension plans are excluded (listed in the
previous section). Employer IRA or Keogh plans were moved to the
Financial Assets Section.
Thrift-Type Plan Code
B4941 (H) PARTICIPATION IN TAX-DEFERRED COMPENSATION OR SAVINGS
B5041 (S) PLANS.
2. thrift plan, savings plan, savings investment plan
(131/29 cases)
3. profit sharing plan (exception NFS) (160/50 cases)
4. stock option plan, ESOP, stock ownership, stock
savings plan (39/8 cases)
5. annuity plan (23/9 cases)
7. tax sheltered, tax deferred, deferred compensation
plan not otherwise codable (22/11 cases)
8. company name given, type of account NA (11/5 cases)
9. other type (14/6 cases)
-8. DK (59/14 cases)
-9. NA (15/3 cases)
0. INAP, no thrift account (3629/3968 cases)
question: R24,R24a/S24,S24a
B3306 TOTAL THRIFT-TYPE PENSION ACCOUNT ASSETS.
The sum of current withdrawable amounts in thrift-type
accounts for head and spouse (B4947 + B5047). All missing
values were imputed.
xxxxxxx. dollars (1 to 1,600,000)
0. none
Contributions to Thrift-Type Plans
B4942 (H) PERCENTAGE OF PAY EMPLOYEE CONTRIBUTED IN 1982.
B5042 (S) All missing values were imputed. Imputations were
made using a regression of percent of pay with a
random term added. First year employees were handled
differently.
xxx. percentage times 10 (1 to 400)
-6. none (181/58 cases)
0. INAP (3629/3968 cases)
question: R24b,R24c/S24b,S24c
B4943 (H) DOLLAR AMOUNT EMPLOYEE CONTRIBUTED IN 1982.
B5043 (S) All missing values were imputed using the same
regression as above (B4942 or B5042).
xxxxxx. dollars (48 to 100,000)
-6. none (181/58 cases)
0. INAP (3629/3968 cases)
B4944 (H) PERCENTAGE OF PAY EMPLOYER CONTRIBUTED IN 1982.
B5044 (S) All missing values were imputed. Imputations were
made using a regression of percent of pay with a
random term added. First year employees were handled
differently.
xxxx. percentage times 10 (1 to 1,429)
-6. none (113/40 cases)
0. INAP (3629/3968 cases)
question: R24d,R24e/S24d,S24e
B4945 (H) DOLLAR AMOUNT EMPLOYER CONTRIBUTED IN 1982.
B5045 (S) All missing values were imputed using the same
regression as above (B4944 or B5044).
xxxxxx. dollars (20 to 210,000)
-6. none (113/40 cases)
0. INAP (3629/3968 cases)
Amount in Thrift-Type Account
B4946 (H) DOLLAR AMOUNT IN THRIFT-TYPE ACCOUNT.
B5046 (S) The gross amount in the account including taxable and
non-taxable portions. All missing values were
imputed. Imputations were made using a regression of log-
value with a random term added. First year employees
were handled differently.
xxxxxxx. dollars (5 to 1,600,000)
0. INAP (3629/3968 cases)
question: R23f/S23f
B4947 (H) DOLLAR AMOUNT WITHDRAWABLE FROM THRIFT-TYPE
B5047 (S) ACCOUNT NOW.
The amount in the account that could be withdrawn if
the employee left the firm now, including taxable and
non-taxable portions. All missing values were imputed.
Imputations were made using a regression of
percent-withdrawable with a random term added. First
year employees were handled differently.
xxxxxxx. dollars (5 to 1,600,000)
-6. none (40/10 cases)
0. INAP (3629/3968 cases)
question: R23g/S23g
B4948 (H) PERCENTAGE OF THRIFT-TYPE ACCOUNT WITHDRAWABLE NOW.
B5048 (S) The percentage of the account that could be withdrawn
if the employee left the firm now, including taxable
and non-taxable portions. Computed from the amount in
the account and the portion withdrawable now. All
missing values were imputed using the same regression
as above (B4947 or B5047).
xxxx. percentage times 10 (10 to 1000)
-6. none (40/10 cases)
0. INAP (3629/3968 cases)
PENSIONS FROM PAST JOBS
(A) Job before retired/disabled or last paid job if
unemployed, student, or housewife
(B) Longest prior job
(C) Other job from which expect to or now receive pension
(H) Household head (husband, if married)
(S) Spouse (wife)
For each past job for which data was recorded for either head or
spouse, respondent was asked whether the household was currently
receiving or expecting a pension from the job. Data are given
here for all jobs with a positive response.
Past Job Pension Code
B4949 (H) PAST JOB PENSION CODE.
B5049 (S)
1. currently receiving pension benefits from at least
one past job (449/69 cases)
2. currently receiving pension benefits from at least
one past job, and expect more in future from
another (1/1 cases)
3. not currently receiving pension benefits from a
past job but expect to in future (231/67 cases)
0. no pension from any past job, INAP (3422/2498 cases)
B3307 NET PRESENT VALUE OF PENSIONS FROM PAST JOBS.
The sum of the net present value of all pensions for past jobs
for both head and spouse listed in this section (B4968 + B4978
+ B4988 + B5068 + B5078 + B5088). No missing values.
xxxxxxx. dollars (xx to xxxxxxx)
0. none
B3308 NET PRESENT VALUE OF PENSIONS FROM OTHER SOURCES.
The sum of the present value of pensions (private or Social
Security) determined to be currently received by the
household, but not attributable to the head or spouse current
or listed past job, or Social Security. No missing values.
xxxxxxx. dollars (xx to xxxxxxx)
0. none
Pensions From Other Sources
B4950 ESTIMATE OF TYPE OF OTHER PENSION.
A comparison of the reported private and Social Security
pensions currently received by the household head or spouse
with the pension item in the Income Section indicated that in
some cases there were likely to be additional household
pensions. These could be pensions due other household members
or pensions received by head or spouse, but not from their own
jobs (such as widows receiving survivors benefits). This
constructed variable and B4951 - B4954 which follow are
educated guesses on the likely amounts of these additional
pensions, and their source. No missing values.
1. other pension for head from past job (27 cases)
2. survivor benefits received by widow or widower (210 cases)
3. military disability payment received by head (27 cases)
4. other pension for spouse from past job (44 cases)
5. head and spouse joint pension or annuity (3 cases)
6. pension of other household member (41 cases)
7. NA source, included in total (B3308) (6 cases)
8. NA source, not included in total (B3308) (7 cases)
0. INAP, no other pension source (3738 cases)
B4951 SEX OF RECIPIANT.
If the pension is attributable to the head (B4950 = 1, 2, 3,
5, 7, or 8) this is the sex of the head. If attributable to
the spouse (B4950 = 4) it is the sex of the spouse. If
attributable to other household members (B4950 = 6), this is the
sex of the individual (if one person) or the male (such as
elderly parents). No missing values.
1. male (79 cases)
2. female (286 cases)
0. INAP (3738 cases)
B4952 AGE OF RECIPIENT.
If there is more than one recipient this is the age of the
recipient referred to in B4951.
xx. years (31 to 91)
0. INAP (3738 cases)
B4953 AGE OF SECOND RECIPIENT.
If there is more than one recipient (B4950 = 5 and sometimes
6, 7, or 8), this is the age of the second recipient. The sex
of this recipient is always female.
xx. years (47 to 79)
0. INAP, no second recipient (4082 cases)
B4954 AMOUNT OF OTHER PENSIONS.
An estimate of the amount received by the household in other
pensions in 1982.
xxxxxx. dollars (134 to 200,000)
0. INAP (3738 cases)
Current Pension Benefits From Past Jobs
B4961 (A) (H) NUMBER OF YEARS RECEIVING BENEFITS.
B4971 (B) (H) Answered only if currently receiving benefits. All missing
B4981 (C) (H) values imputed.
B5061 (A) (S)
B5071 (B) (S) xx. years (1 to 39)
B5081 (C) (S) 0. INAP, not currently receiving benefits
(3730/4007/4078/4043/4092/4103 cases)
question: R41,R41a/S41,S41a
B4962 (A) (H) AMOUNT RECEIVED IN 1982.
B4972 (B) (H) Answered only if currently receiving benefits. All missing
B4982 (C) (H) values imputed. Imputations were made using a variety of
B5062 (A) (S) means, including income data and a log-value regression with a
B5072 (B) (S) random term added.
B5082 (C) (S)
xxxxxx. dollars (130 to 110,000)
-6. none, started in 1983 (19/1/0/2/0/0 cases)
0. INAP (3730/4007/4078/4043/4092/4103 cases)
question: R41b/S41b
Timing of the Start of Pension Benefits/Benefit Amount
B4963 (A) (H) NUMBER OF YEARS UNTIL BENEFITS START.
B4973 (B) (H) Answered only if not currently receiving benefits, but will
B4983 (C) (H) in the future. All missing values were imputed.
B5063 (A) (S)
B5073 (B) (S) xx. years (1 to 42)
B5083 (C) (S) 0. INAP, currently receiving or never receive
(4060/3923/4086/4078/4062/4099 cases)
question: R42,R43/S42,S43
B4964 (A) (H) AGE AT WHICH BENEFITS BEGAN/AGE AT WHICH BENEFITS WILL
B4974 (B) (H) BEGIN.
B4984 (C) (H) Answered if currently receiving or expect benefits. Age
B5064 (A) (S) is by birth date (B4503 or B4603). The variable is computed
B5074 (B) (S) by subtracting the number of years receiving from the current
B5084 (C) (S) age. If benefits have not begun, it is computed by adding
B4963 etc. to head or spouse's current age. No missing values.
xx. years (19 to 85)
0. INAP, never receive benefits from job
(3687/3827/4061/4018/4051/4099 cases)
B4965 (A) (H) REPORTED AMOUNT EXPECTED IN 1983/FIRST YEAR OF
B4975 (B) (H) ELIGIBILITY.
B4985 (C) (H) If currently receiving benefits this is the amount expected
B5065 (A) (S) in 1983 (generally what was received in 1982 unless started
B5075 (B) (S) in midyear). If future benefits are expected it is the
B5085 (C) (S) amount reported as expected in the first year of eligibility.
All missing values were imputed for those currently
receiving benefits as above (see B4962 etc.)
xxxxxx. dollars (45 to 170,000)
-7. other non-numeric amount (0/3/0/0/0/0 cases)
-8. DK (35/89/7/12/25/3 cases)
-9. NA (2/9/1/2/2/0 cases)
0. INAP (3687/3827/4061/4018/4051/4099 cases)
question: R44/S44
B4966 (A) (H) AMOUNT EXPECTED IN 1983/FIRST YEAR OF ELIGIBILITY.
B4976 (B) (H) This is identical to the variable above (B4965 etc.) except
B4986 (C) (H) that all missing values are imputed. Imputations were made
B5066 (A) (S) using a regression of log-value adjusted to real terms with a
B5076 (B) (S) random term added.
B5086 (C) (S)
xxxxxx. dollars (45 to 182,323)
0. INAP (3687/3827/4061/4018/4051/4099 cases)
B4967 (A) (H) AMOUNT EXPECTED/RECEIVED IN FIRST YEAR IN 1983 DOLLARS.
B4977 (B) (H) This is identical to the variable above (B4966 etc.) except
B4987 (C) (H) that benefits are indexed to April 1983 dollars for pensions
B5067 (A) (S) that have not started, by assuming an inflation rate of 4.0%.
B5077 (B) (S) For pensions already being received, the nominal value of the
B5087 (C) (S) pension is assumed to be fixed, and is indexed to the
year it started (see B4961 etc.) by the actual price
changes observed as measured by the CPI. No missing
values.
xxxxxx. 1983 dollars (xx to xxxxxx)
-7. amount given in the variable above (B4966
etc. is a lump sum given only in the first
year (or 1982 if B4962 is greater than zero))
(x/x/x/x/x/x cases)
0. INAP (3687/3827/4061/4018/4051/4099 cases)
B4968 (A) (H) PRESENT VALUE OF PENSION BENEFITS FROM JOB.
B4978 (B) (H) This is measured assuming an annual pension benefit as given
B4988 (C) (H) starting in the year of first benefits (or 1983). Benefits
B5068 (A) (S) for that and each succeeding year (adjusted for probability of
B5078 (B) (S) receipt) are discounted back to 1983. Sex-based Social
B5088 (C) (S) Security mortality tables are used to compute the
probabilities of dying each year and/or living to
receive any benefits. These are capped at 109 years.
Spousal survival benefits are assumed to be opted for
75 percent of the time and are randomly assigned when
appropriate. Spouse mortality tables are also used.
Benefits are discounted at the 1983 long-term
U.S. Government bond rate of 10.85 percent.
Calculated for all relevant observations.
xxxxxx. dollars (xx to xxxxxx)
0. INAP (3687/3827/4061/4018/4051/4099 cases)
Plan Characteristics
B4969 (A) (H) TYPE OF FORMULA USED TO DETERMINE BENEFITS.
B4979 (B) (H) Answered only if expected but not currently receiving benefits
B4989 (C) (H) (B4963 etc. > 0). No imputations.
B5069 (A) (S)
B5079 (B) (S) 1. defined benefit (21/90/8/12/18/2 cases)
B5089 (C) (S) 2. defined contribution (8/16/6/4/5/0 cases)
3. elements of both (8/34/1/5/10/0 cases)
-8. DK (5/37/1/2/7/2 cases)
-9. NA (1/3/1/2/1/0 cases)
0. INAP or currently receiving benefits
(4060/3923/4086/4078/4062/4099 cases)
question: R45/S45
B4970 (A) (H) MULTI-EMPLOYER PLAN?
B4980 (B) (H) Other employers on plan. Answered for all currently receiving
B4990 (C) (H) benefits or expecting them in the future (B4966 etc. > 0). No
B5070 (A) (S) imputations.
B5080 (B) (S)
B5090 (C) (S) 1. yes (108/98/14/26/29/0 cases)
5. no (225/132/23/38/16/4 cases)
-8. DK (49/32/1/11/6/0 cases)
-9. NA (34/14/4/10/1/0 cases)
0. INAP (3687/3827/4061/4018/4051/4099 cases)
question: R46/S46
SOCIAL SECURITY DATA
(H) Household head (husband, if married)
(S) Spouse (wife)
Total Social Security Value
B3314 NET PRESENT VALUE OF SOCIAL SECURITY BENEFITS.
The sum of the gross present value of Social Security benefits
for head and spouse minus the present value of wage
contribution liabilities (B3315 - B3316). Social Security
formula and current receipts were used for calculations. No missing
values for households where head or spouse is over age 39.
xxxxxxx. dollars (xx to xxxxxxx)
0. none (xxxx cases)
B3315 GROSS PRESENT VALUE OF SOCIAL SECURITY BENEFITS.
The sum of the gross present value of Social Security benefits
for head and spouse (B5120 + B5124 + B5220 + B5224). Social
Security formulas and current receipts were used for
calculations. No missing values for households where head or spouse
is over age 39.
xxxxxxx. dollars (xx to xxxxxxx)
0. none (xxxx cases)
B3316 PRESENT VALUE OF SOCIAL SECURITY TAX LIABILITY.
The sum of the gross present value of future Social Security
tax liabilities for head and spouse (B5116 + B5216). Social
Security formulas and current receipts were used for
calculations. No missing values for households where head or spouse
is over age 39.
xxxxxx. dollars (xx to xxxxxx)
0. none (xxxx cases)
Current Social Security Benefit Receipts
B5101 (H) KIND OF SOCIAL SECURITY BENEFITS.
B5201 (S) Answered only if currently receiving Social Security
benefits on the basis of respondent (or spouse's) own
earnings. All missing values were imputed.
1. retirement (601/178 cases)
2. disability (84/14 cases)
3. both retirement and disability (27/2 cases)
7. other kind (1/1 cases)
0. INAP, not currently receiving benefits (3390/3908 cases)
question: R56,R56a/S56,S56a
B5102 (H) NUMBER OF YEARS RECEIVING SOCIAL SECURITY BENEFITS.
B5202 (S) Answered only if currently receiving Social Security
benefits on the basis of own earnings. All missing
values were imputed.
xx. years (1 to 37)
0. INAP (3390/3908 cases)
question: R56b/S56b
B5103 (H) AMOUNT RECEIVED IN 1982.
B5203 (S) Asked only of respondents currently receiving
benefits. All missing values were imputed.
Imputations were made using income data and a
regression for log-value with a random term added.
xxxxx. dollars (309 to 17,746)
-6. none, started benefits in 1983 (37/6 cases)
0. INAP (3390/3908 cases)
question: R56c/S56c
Start of Social Security Payments
B5104 (H) REPORTED AGE SOCIAL SECURITY BENEFITS DID/EXPECTED
B5204 (S) TO START.
Answered for those who currently or expect to receive
benefits, as reported by respondent. All missing
values were imputed for those currently receiving
benefits (B5103 or B5203 not equal 0).
xx. years (14 to 96)
-8. DK (186/95 cases)
-9. NA (90/40 cases)
0. INAP, no benefits ever (532/2396 cases)
question: R57a/S57a
B5105 (H) AGE SOCIAL SECURITY BENEFITS DID/EXPECTED TO START.
B5205 (S) Answered for those who currently or expect to receive
benefits. All missing values were imputed for those
currently receiving benefits and all observations
where head or spouse is over age 39.
xx. years (14 to 82)
-8. DK (8/12 cases)
-9. NA (9/6 cases)
0. INAP (495/2377 cases)
B5106 (H) NUMBER OF YEARS UNTIL THE START OF SOCIAL SECURITY
B5206 (S) BENEFITS.
Answered only for those who expect benefits on their
own earnings in the future. Computed from birth date
age and the reported age benefits expected to start. All
missing values were imputed for observations where
head or spouse is over age 39.
xx. years (1 to 50)
-8. DK (8/12 cases)
-9. NA (9/6 cases)
0. already receiving benefits, INAP (1207/2572 cases)
Expectations of Social Security Benefits
B5107 (H) CODE FOR REPORTED FIRST YEAR BENEFITS.
B5207 (S) Reported response. Code for the variable which
follows (B5108 or B5208). The following variable is
the expected Social Security benefit in 1983 if currently
receiving benefits. Otherwise it is expected benefits
in the first year of eligibility.
1. benefit below given in nominal dollars. Always
used for current receivers. For current receivers,
the value is 1.037 times 1982 benefits (because of
7.4 percent benefit rise in 6/82), except for those
starting in 1982 and 1983 which are adjusted on the
basis of months received (1342/449 cases)
2. benefit below given as a percent of final pay (82/34 cases)
3. maximum benefit assumed (62/7 cases)
4. minimum benefit assumed (14/10 cases)
6. benefit will be zero (Social Security will not
exist) (32/13 cases)
7. other response (1/0 cases)
-8. DK (1992/1172 cases)
-9. NA (46/22 cases)
0. INAP (532/2396 cases)
question: R57b/S57b
B5108 (H) REPORTED SOCIAL SECURITY BENEFIT IN 1983/1ST YEAR
B5208 (S) ELIGIBLE.
Reported response. The variable is either not given,
a dollar amount, or a percentage according to the code
variable above. missing values were imputed for
all those currently receiving benefits as in B5103 or B5203.
xxxxxx. dollars (answered if coded 1 in B5107 or B5207)
xxxx. percentage times ten (answered if coded 2 in
B5107 or B5207)
0. applicable for all other codes above, INAP
(532/2396 cases)
question: R57b/S57b
B5109 (H) CODE FOR FIRST YEAR BENEFITS.
B5209 (S) Code for the variable which follows (B5110 or B5210).
The following variable is the expected Social Security
benefit in 1983 if currently receiving benefits.
Otherwise it is expected benefits in the first year of
eligibility. This variable is the same as B5107 or
B5207 except for imputations. Unlike many pension
variables, imputations were made for all households
including those where both head or spouse are under
40. If values were missing, code 2 was assigned to B5109
or B5209 and imputations were made for Social Security
benefits as a percentage of final pay in B5110 or
B5210. Further adjustments were made for some persons
expecting to receive Social Security on their own
account who were adjudged ineligible and vice-versa.
1. benefit below given in nominal dollars. Always
used for current receivers. For current receivers,
the value is 1.037 times 1982 benefits (because of
7.4% benefit rise in 6/82), except for those
starting in 1982 and 1983 which are adjusted on the
basis of months received. Also used for all previous
missing values (1338/442 cases)
2. benefit below given as a percent of final pay.
Used for all imputations (82/33 cases)
3. maximum benefit assumed (62/7 cases)
4. minimum benefit assumed (14/9 cases)
6. benefit will be zero (Social Security will not
exist) (32/13 cases)
7. other response (1/0 cases)
0. INAP (xxx/xxx cases)
B5110 (H) SOCIAL SECURITY BENEFIT IN 1983/1ST YEAR ELIGIBLE.
B5210 (S) The variable is either not given, a dollar amount, or
a percentage according to the code of B5109 or B5209
above. This variable is identical to B5108 or B5208
except when B5107 or B5207 are missing values. In
these instances Social Security as a percent of final
pay was imputed using a regression with a random term added.
In addition, in some cases persons expecting to
receive Social Security on their own account were
adjudged ineligible and vice-versa.
xxxxxx. dollars (answered if coded 1 in B5109 or B5209)
xxxx. percentage times ten (answered if coded 2 in
B5109 or B5209. Used for all imputations.)
0. applicable for all other codes above, INAP
(494/2378 cases)
B5111 (H) PRESENT VALUE OF SOCIAL SECURITY BENEFITS FROM
B5211 (S) EXPECTATIONS.
This is measured assuming an annual benefit as given
in B5110 or B5210 starting in the year of first
benefits (or 1983). Benefits for that and each
succeeding year (adjusted for probability of receipt)
are discounted back to 1983. Sex-based Social
Security mortality tables are used to compute the
probabilities of dying each year and/or living to
receive any benefits. These are capped at 109 years.
Spousal benefits are also assumed at 50 percent of the
primary benefit if a spouse is present and does not
expected Social Security benefits on their own earnings.
Spouse mortality tables are also used for these
calculations. Benefits are discounted at the 1983
long-term U.S. Government bond rate of 10.85 percent. No
missing values.
xxxxxx. dollars (xx to xxxxxxx)
-6. nothing (32/13)
0. INAP (495/2378 cases)
Number of Years Working Social Security Jobs
B5112 (H) TOTAL NUMBER OF YEARS WORKING SOCIAL SECURITY JOBS.
B5212 (S) The total number of years on Social Security jobs to
current date. Not answered if currently receiving
social security benefits. All missing values were imputed.
xx. years (1 to 54)
-6. none (279/394 cases)
0. INAP, currently receiving Social Security benefits
(713/1663 cases)
question: R57c/S57c
B5113 (H) NUMBER OF YEARS ON SOCIAL SECURITY JOBS COUNTED
B5213 (S) LISTED JOBS.
Computed estimate of coverage was used, summing over
current and the three possible past jobs. No missing values.
xx. years (1 to 43)
-6. none (268/463 cases)
0. INAP (0/1468 cases)
B5114 (H) ESTIMATE OF FUTURE YEARS ON SOCIAL SECURITY JOBS.
B5214 (S) Computed from retirement years indicated. No missing values.
xx. years (1 to 40)
-6. none (1659/1599 cases)
0. INAP (0/1468 cases)
B5115 (H) NUMBER OF YEARS ON NON-SOCIAL SECURITY JOBS COUNTED
B5215 (S) IN JOBS.
Computed estimate of coverage was used, summing over
current and the three possible past jobs. No missing values.
xx. years (1 to 44)
-6. none (3046/2080 cases)
0. INAP (0/1468 cases)
Computed Estimates of Social Security Benefits
Data on number of years on social security jobs, wage rates for
each known job, estimates of retirement dates, and dates of starting
benefits were used as inputs to Social Security formulas to compute
benefits. These have currently been computed for all observations
where head or spouse is over age 39.
B5116 (H) PRESENT VALUE OF THE SOCIAL SECURITY TAX LIABILITY.
B5216 (S) A calculated value based on current job wage. All
persons were assumed to work continuously until their
stated age of fulltime retirement, and then parttime
until their stated age of final retirement. All
persons were assumed to retire no later than 72 or age
+ 1 if currently over 72. Persons not currently working and
over 50 were assumed not to work again. Wages were
calculated by projecting current wages by the same
method used to calculate final wages. Wage growth was
assumed to have three components: (1) occupation
specific (adjusted for age) taken from the slopes in
the CPS log-wage spline regressions; (2) a Social
Security plan II-B assumption of 1.5 percent annual
economy wide real wage growth; and (3) a Social
Security plan II-B assumption of 4.0 percent
inflation. Parttime years (if currently working
fulltime) were assigned wages equal to 1/2 the projected
fulltime wages or the maximum amount allowable for
full benefit receipt allowed by Social Security,
whichever was smaller. The Social Security tax liability was
computed used legislatively planned tax rates
(employer and employee) and maximum coverage. No
missing values.
xxxxx. dollars (120 to 77,849)
0. none or INAP (1375/2886 cases)
B5117 (H) SOCIAL SECURITY AIME.
B5217 (S) Average Indexed Monthly Earnings used as the basis of
computing the Social Security benefit base. The
variable is the average covered Social Security
earnings per month (including zeros) for all years
from 1951 or age 22 (which ever is later) to age 60.
These are indexed by a social security wage index to the
year respondent is 60. Years after 60 can be
substituted at nominal value. The five lowest years
are dropped before an average AIME is computed. These
procedures are mimicked using the SCF data on job
earnings and future retirement plans to estimate an
AIME value. Past and current job wages are projected back
(and forward) to estimate earnings for each known year
of work. These projections assume within-occupation
real wage adjustments as taken from the CPS regressions
(see past/current job), and economy-wide productivity
growth and inflation as as occurred or is projected to
occur under the Social Security plan II-B. Other
years of unknown jobs are filled in with terms from
the closest known job to fill in the total number of
Social Security covered years. Wages are then capped at
the actual or projected social security maximum and
minimum coverage amounts. The AIME was then computed
using actual or projected Social Security wage indices.
The variable is currently estimated for all persons
projected to have future Social Security benefits
based on their own earnings for observations where head
or spouse is over age 39 who are not currently
receiving benefits.
xxxxx. dollars (12 to 12,599)
-9. NA, not computed (1338/646 cases)
0. currently receiving benefits, INAP (1207/2574 cases)
B5118 (H) SOCIAL SECURITY PIA.
B5218 (S) Primary Insurance Amount on an annual basis. The PIA
is the basis of the calculation of Social Security
benefits. It is computed from the AIME. In 1982 the
monthly PIA was computed as 90 percent of the first
$254 of AIME plus 32 percent of the next $1274 plus 15
percent of the amount above. Calculations here take
account of legislatively planned changes in this
formula. The PIA is currently computed for all
non-receivers projected to have future Social Security
benefits based on their own earnings for observations
where head or spouse is over age 39.
xxxxx. dollars (126 to 62,097)
-9. NA, not computed (1338/646 cases)
0. currently receiving benefits, INAP (1207/2574 cases)
B5119 (H) COMPUTED SOCIAL SECURITY BENEFITS IN 1983/1ST YEAR
B5219 (S) ELIGIBLE.
This variable is the 1982 benefits as reported (or
imputed) adjusted to 1983 levels (B5110/B5210) for
those currently receiving benefits. If it appeared that
the recipiant was receiving spousal benefits which
were included in B5110 or B5210 then this variable
represents only that share of current benefits calculated to
accrue to the primary recipiant. The remaining
portion of B5110/B5210 was placed in B5223/B5123. An
adjustment was also made to this variable if it
appeared that the recipiant's benefits had been
reduced because of work. In this case (only about 20
cases were affected) B5119/B5219 reflects the full
benefit. For those not currently receiving benefits
but expecting them in the future based on their own
earnings B5119/B5219 is computed from the PIA and
stated age of drawing first benefits according to
Social Security formulas. It is given in nominal dollars.
Currently computed for all observations currently
receiving benefits and for observations where head or
spouse is over age 39 and future benefits are expected.
xxxxx. dollars (101 to 69,549)
-9. NA, not computed (1338/646 cases)
0. currently receiving benefits, INAP (495/2379 cases)
B5120 (H) COMPUTED PRESENT VALUE OF OWN SOCIAL SECURITY
B5220 (S) BENEFITS.
This is measured assuming an annual Social Security
benefit as given above starting in the year of first
benefits (or current). Benefits for that and each
succeeding year (adjusted for the probability of receipt) are
discounted back to 1983. Sex-based Social Security
mortality tables are used to compute the probabilities
of dying each year and/or living to receive any
benefits. These are capped at 109 years. Benefits
are assumed to grow each year at the Social Security
plan II-B inflation assumption of 4 percent. Benefits
are discounted at the 1983 long-term U.S. government
bond rate of 10.85 percent. Currently computed for
all persons projected to receive benefits based on
their own earnings for observations where head or
spouse is over age 39 and all other observations
currently receiving benefits.
xxxxxx. dollars (463 to 194,701)
-9. NA, not computed (1337/2379 cases)
0. INAP (494/2379 cases)
B5121 (H) AGE AT WHICH SPOUSAL BENEFITS FIRST DRAWN.
B5221 (S) This is a calculated variable. It is an estimate of
the age at which the individual started receiving
Social Security Benefits (or will receive such
benefits) on the basis of their spouse's earnings.
This variable will be zero if
no spousal are expected (such as when the individual's
own benefits are larger than their spousal benefits).
This variable is currently computed for all persons
projected to receive benefits for observations where
head or spouse is over age 39 and all other
observations currently receiving benefits.
xx. age (45 to 87)
-9. NA, not computed (21/22 cases)
0. no spousal benefits, INAP (2477/1657 cases)
B5122 (H) AGE AT WHICH WIDOWS BENEFITS FIRST COULD BE DRAWN.
B5222 (S) This is a calculated variable. It is an estimate of
the age at which the individual could start to receive
Social Security widows benefits upon the death of
their spouse. This variable will be zero if widows
benefits could never be drawn. This variable is
currently computed for all persons projected to receive
benefits for observations where head or spouse is over
age 39 and all other observations currently receiving benefits.
xx. age (14 to 74)
-9. NA, not computed (7/16 cases)
0. no widow benefits, INAP (2378/1635 cases)
B5123 (H) SPOUSAL BENEFIT IN FIRST YEAR ELIGIBLE.
B5223 (S) This is a calculated variable. It is an estimate of
the benefit that the individual would receive in the
first year he/she is eligible for spousal benefits
(or 1983 if currently receiving benefits). For
current recipiants this variable plus B5119/B5219 of
their spouse will generally equal B5110/B5210 of their spouse.
This variable will be zero if spousal benefits could
never be drawn. This variable is currently computed
for all persons projected to receive benefits for
observations where head or spouse is over age 39 and
all other observations currently receiving benefits.
xxxx. dollars (1 to 62,097)
-6. none, eligible for spousal benefits but
calculate that none would be received because
own benefits are larger (643/204 cases)
-9. NA, not computed (645/814 cases)
0. no spousal benefits, INAP (2630/1787)
B5124 (H) COMPUTED PRESENT VALUE OF SPOUSAL SOCIAL SECURITY
B5224 (S) BENEFITS.
Computed using the same form as the present value of
primary benefits, adjusted for both mortality tables.
This variable represents the spousal and widowed
benefits received by the individual (thus that for the
head is based on the earnings of the spouse). Also
included are benefits currently being drawn (as given
in B5123/B5223) and deemed to be current spousal
benefits. This variable is currently computed for all
persons projected to receive benefits for observations
where head or spouse is over age 39 and all other
observations currently receiving benefits.
xxxxxx. dollars (15 to 182,738)
-9. NA, not computed (645/814 cases)
0. none, INAP (3186/1786 cases)
Top of Page
USE OF FINANCIAL SERVICES
Main Checking Account Characteristics/Access
B3403 DOLLAR AMOUNT IN MAIN CHECKING ACCOUNT.
The amount in the account self-defined as the main checking
account, i.e. the one with the most checks written on it. All
missing values were imputed.
xxxxxx. dollars (4 to 450,000)
0. INAP, no checking accounts (806 cases)
question: K4
B3404 TYPE OF FINANCIAL INSTITUTION MAIN CHECKING ACCOUNT
LOCATED.
No missing values.
1. commercial bank (2744 cases)
2. savings and loan association or savings bank (395 cases)
3. credit union (146 cases)
6. brokerage company or money market mutual fund (11 cases)
97. other type (1 case)
0. INAP (806 cases)
question: K3
B3405 TYPE OF MAIN CHECKING ACCOUNT.
No missing values. Accounts of less than $1500 in super NOWs
were converted to regular NOWs. Similarly all regular
checking accounts at S&Ls or credit unions were converted to NOWs.
1. regular checking (2381 cases)
2. NOW account or regular share draft (814 cases)
3. super NOW, super share draft (79 cases)
4. cash management, MMF, sweep (12 cases)
7. other type (11 cases)
0. INAP (806 cases)
question: K2
B5301 AUTOMATED TELLER MACHINE USAGE.
The number of times household members access their main
checking account with an automatic teller machine (ATM) during
a typical year. Usage rates were given by respondents for
different time periods but were converted to an annual basis. All
missing values were imputed except if respondent did not know
if he/she had a card. Imputations were done using conditional
mean tables with randomization.
xxx. number (1 to 520)
-6. none, but he/she can access the account with an ATM (797 cases)
-7. other, non-numeric, answer (2 cases)
-8. none, don't know if he/she can access account with ATM (106 cases)
0. INAP, no checking accounts or cannot access account with
an ATM (2507 cases)
question: K5/K5a
B5302 NON-ATM BANK ACCESS.
The number of times household members physically visit a
branch or drive-in or walk-up window of the institution where
they have their main checking account during a typical year.
Excludes any ATM visits. Usage rates were given by
respondents for different time periods but were converted to
an annual basis. All missing values were imputed.
Imputations were done using conditional mean tables
with randomization.
xxx. number (1 to 360)
-6. none (233 cases)
-7. other, non-numeric, answer (1 cases)
0. INAP, no checking accounts (806 cases)
question: K6/K6a
Reasons for Choosing Institution for Main Checking
(A) Convenient location of offices
(B) Being able to obtain many financial services at one place
(C) Automated teller machine
(D) Low (no) service charge or low (no) minimum balance requirement
(E) High interest rates
(F) Safety or absence of risk
B5303 (A) IMPORTANCE OF EACH REASON IN CHOOSING INSTITUTION FOR
B5304 (B) CHECKING.
B5305 (C) For each potential reason, respondent indicated the importance
B5306 (D) the reason played in choosing the institution. The answers
B5307 (E) given are those of the respondent, with no imputations.
B5308 (F)
1. very important (2161/1636/376/1678/1848/2394 cases)
2. somewhat important (793/924/401/912/731/523 cases)
3. not very important (226/523/756/371/378/184 cases)
4. not at all important (9/183/1731/298/298/155 cases)
-8. DK (0/1/2/3/6/4 cases)
-9. NA (27/30/31/35/36/37 cases)
0. INAP, no checking accounts (806 cases for each)
question: K30/K30a/K30b/K30c/K30d/K30e/K30f
B5309 WHICH OF THE ABOVE REASONS IS THE MOST IMPORTANT.
Respondent's choice of the most important reason for choosing
the institution where he/she has their main checking account.
Some respondents gave reasons other than those listed above.
1. convenient location of offices (1302 cases)
2. being able to obtain many financial services at one place
(580 cases)
3. automated teller machine (50 cases)
4. low (no) service charge or low (no) minimum balance
requirement (382 cases)
5. high interest rates (263 cases)
6. safety or absence of risk (572 cases)
11. hours, open Saturdays (1 case)
12. personal, friendly service (33 cases)
13. other reason (29 cases)
-8. DK (9 cases)
-9. NA (76 cases)
0. INAP, no checking accounts (806 cases)
question: K30g
Other Services Obtained From Main Checking Institution
(A) Another checking account
(B) IRA or keogh
(C) Certificates of deposit
(D) Money market or savings account
(E) Credit card
(F) Mortgage loan
(G) Non-mortgage loan
(H) Brokerage or trust account
B5310 (A) DOES HOUSEHOLD OBTAIN SERVICE AT MAIN CHECKING
B5311 (B) INSTITUTION?
B5312 (C) For each service, respondent indicated whether or not he/she
B5313 (D) obtained the service at the institution where he/she had their
B5314 (E) main checking account. All missing values were imputed using
B5315 (F) asset and liability information and conditional mean tables.
B5316 (G)
B5317 (H) 1. yes (485/268/411/1411/788/358/598/39 cases)
5. no (2812/3029/2886/1886/2509/2939/2699/3258 cases)
0. INAP, no checking accounts (806 cases for each)
question: K31/K31a/K31b/K31c/K31d/K31e/K31f/K31g/K31h
B5318 (A) DOES HOUSEHOLD OBTAIN SERVICE AT ANY INSTITUTION?
B5319 (B) For each service, it was calculated whether the household
B5320 (C) obtained the service at all (including the main checking
B5321 (D) institution). These questions are answered whether the
B5322 (E) household had a checking account or not. No missing values.
B5323 (F)
B5324 (G) 1. yes (1063/915/866/2788/1910/1775/2112/699 cases)
B5325 (H) 5. no (3040/3188/3237/1315/2193/2328/1991/3404 cases)
Commercial Banks Regularly Used
B5326 NUMBER OF COMMERCIAL BANKS HOUSEHOLD REGULARLY USE.
Respondent's answer to the question. Excludes offices of the
same institution. All missing values were imputed using
conditional mean tables with randomization.
1. one (2137 cases)
2. two (976 cases)
3. three (244 cases)
4. four (62 cases)
5. five (26 cases)
6. six (9 cases)
7. seven (4 cases)
8. eight (2 cases)
0. none (643 cases)
question: K36a
B5327 DOES HOUSEHOLD USE A COMMERCIAL BANK OUTSIDE AREA?
Answered yes if the respondent or someone in their family have
regular dealings with an institution (or branch) outside the
area where he/she lives or works. All missing values were imputed.
1. yes (664 cases)
5. no (2796 cases)
0. INAP, do not regularly deal with any commercial banks (643 cases)
question: K37a
B5328 CALCULATED NUMBER OF MENTIONS OF COMMERCIAL BANK
USAGE.
This is the calculated number of different instances in the
survey where a commercial bank was given as the source of a
loan, line of credit, or mortgage, or the location of a trust
account, savings, checking, IRA, or money market account
for each household.
1. one (1003 cases)
2. two (873 cases)
3. three (563 cases)
4. four (349 cases)
5. five (210 cases)
6. six (141 cases)
7. seven (71 cases)
8. eight (33 cases)
9. nine (28 cases)
10. ten (14 cases)
11. eleven (8 cases)
12. twelve (2 cases)
13. thirteen (2 cases)
14. fourteen (2 cases)
0. none (804 cases)
Savings and Loans (Savings Banks) Regularly Used
B5329 NUMBER OF SAVINGS AND LOANS HOUSEHOLD REGULARLY USE.
Respondent's answer to the question. Excludes offices of the
same institution. All missing values were imputed using
conditional mean tables with randomization.
1. one (1487 cases)
2. two (403 cases)
3. three (101 cases)
4. four (26 cases)
5. five (12 cases)
6. six (3 cases)
7. seven (2 cases)
8. eight (2 cases)
35. thirty five (1 case)
0. none (2066 cases)
question: K36b
B5330 DOES HOUSEHOLD USE A SAVINGS AND LOAN OUTSIDE AREA?
Answered yes if the respondent or someone in their family have
regular dealings with a savings and loan (or branch) outside
the area where he/she lives or works. All missing values were
imputed.
1. yes (424 cases)
5. no (1613 cases)
0. INAP, do not regularly deal with any savings and loans (2066 cases)
question: K37b
B5331 CALCULATED NUMBER OF MENTIONS OF SAVINGS AND LOAN
USAGE.
This is the calculated number of different instances in the
survey where a savings and loan was given as the source of a
loan, line of credit, or mortgage, or the location of a trust
account, savings, checking, IRA, or money market account for
each household.
1. one (780 cases)
2. two (429 cases)
3. three (217 cases)
4. four (131 cases)
5. five (67 cases)
6. six (37 cases)
7. seven (15 cases)
8. eight (16 cases)
9. nine (5 cases)
11. eleven (3 cases)
12. twelve (1 case)
13. thirteen (1 case)
0. none (2401 cases)
Credit Union Membership
B5332 CALCULATED NUMBER OF MENTIONS OF CREDIT UNION USAGE.
This is the calculated number of different instances in the
survey where a credit union was given as the source of a loan,
line of credit, or mortgage, or the location of a trust
account, savings, checking, IRA, or money market account for
each household.
1. one (581 cases)
2. two (207 cases)
3. three (108 cases)
4. four (68 cases)
5. five (27 cases)
6. six (8 cases)
7. seven (6 cases)
8. eight (1 case)
9. nine (2 cases)
11. eleven (1 case)
0. none (3094 cases)
Finance Companies Regularly Used
B5333 NUMBER OF FINANCE COMPANIES HOUSEHOLD REGULARLY USES.
Respondent's answer to the question. Excludes offices of the
same institution. All missing values were imputed using
conditional mean tables with randomization.
1. one (483 cases)
2. two (87 cases)
3. three (23 cases)
4. four (7 cases)
5. five (2 cases)
21. twenty-one (1 case)
0. none (3500 cases)
question: K36c
B5334 DOES HOUSEHOLD USE A FINANCE COMPANY OUTSIDE AREA?
Answered yes if the respondent or someone in their family have
regular dealings with a finance company (or branch) outside
the area where he/she lives or works. All missing values were
imputed.
1. yes (154 cases)
5. no (449 cases)
0. INAP, do not regularly deal with any finance company (3500 cases)
question: K37c
B5335 CALCULATED NUMBER OF MENTIONS OF FINANCE COMPANY
USAGE.
This is the calculated number of different instances in the
survey where a finance company (or auto finance company) was
given as the source of a loan, line of credit, or mortgage, or
the location of a savings or IRA account for each household.
1. one (478 cases)
2. two (77 cases)
3. three (17 cases)
4. four (2 cases)
0. none (3529 cases)
Brokerage Account Usage
B5336 DOES HOUSEHOLD HAVE AN ACCOUNT AT A STOCK BROKERAGE?
This variable asks specifically for accounts used for the
purchase or sale of stocks. Excludes money market mutual fund
accounts. All missing values were imputed.
1. yes (554 cases)
5. no (3549 cases)
question: K21
B3469 NUMBER OF TIMES STOCKS PURCHASED/SOLD IN PAST YEAR.
This variable is limited to purchases and sales of publicly
traded stock using a broker. Only households with a brokerage
account were asked the question. All missing values were
imputed. Imputations using conditional mean tables with
randomization.
xx. number of occasions (1 to 95)
-6. none, but do have a brokerage account (85 cases)
0. none, do not have a brokerage account (3549 cases)
question: K21a
B5337 NUMBER OF STOCK BROKERAGES HOUSEHOLD REGULARLY USES.
Respondent's answer to the question. Asked only of those
households owning stock. Excludes offices of the same
institution. All missing values were imputed using
conditional means tables with randomization.
1. one (340 cases)
2. two (141 cases)
3. three (45 cases)
4. four (6 cases)
5. five (9 cases)
6. six (8 cases)
7. seven (1 case)
8. eight (1 case)
9. nine (1 case)
10. ten (1 case)
20. twenty (1 case)
0. none (3549 cases)
question: K21d
B5338 DOES HOUSEHOLD USE A STOCK BROKERAGE OUTSIDE AREA?
Answered yes if the respondent or someone in their family have
regular dealings with a stock brokerage company (or office)
outside the area where he/she lives or works. All missing
values were imputed. Imputations were done using conditional
mean tables.
1. yes (184 cases)
5. no (370 cases)
0. INAP, do not have an account at a stock brokerage (3549 cases)
question: K21e
B5339 CALCULATED NUMBER OF MENTIONS OF STOCK BROKERAGE
USAGE.
This is the calculated number of different instances in the
survey where a stock brokerage company or money market mutual
fund was given as the source of a loan, line of credit, or the
location of a savings, checking, money market, trust, stock
purchase, or IRA account for each household.
1. one (350 cases)
2. two (168 cases)
3. three (123 cases)
4. four (80 cases)
5. five (34 cases)
6. six (13 cases)
7. seven (3 cases)
0. none (3332 cases)
Sources of Advice in Making Financial Decisions
(A) accountant
(B) banker
(C) stock broker
(D) tax advisor
(E) lawyer
(F) spouse
(G) friend or relative
B5340 (A) DOES HOUSEHOLD USE ADVICE FROM SOURCES?
B5341 (B) For each potential source of advice the respondent indicated
B5342 (C) whether or not he/she sought advice concerning savings and
B5343 (D) investment decisions. All missing values were imputed using
B5344 (E) conditional mean tables with randomization.
B5345 (F)
B5346 (G) 1. yes, use source (340/520/428/245/262/378/979 cases)
5. no, do not use source
(3763/3583/3675/3858/3841/3725/3124 cases)
question: H4/H4a/H4b/H4c/H4d/H4e/H4f/H4g
B5347 OTHER SOURCES OF ADVICE.
Other sources used by the household in making decisions about
savings and investment than those listed above.
1. financial advisor/counselor (63 cases)
2. media; reading; Wall Street Journal (53 cases)
3. insurance agent/company (12 cases)
4. employer; company where respondent/spouse work (15 cases)
5. other source (33 cases)
0. none (3927 cases)
question: H4
Bank Market Variables
B5348 TOTAL COMMERCIAL BANK DEPOSITS IN MARKET.
The total commercial bank deposits in the household's banking
market. This variable, and the ones following, were
constructed by matching the county or SMSA that the household
lives in to Federal Reserve Board bank market data as measured
in June 1983. Bank markets are defined as the SMSA, when
applicable, or the county. Three households were in markets
without banks and data are not given for the high-income sample.
xxxxxxxxx. deposits in 1000's of dollars (25,580 to 146,772,176)
0. INAP, high-income sample or no banks in market (441 cases)
B5349 TOTAL SAVINGS AND LOAN ASSOCIATION DEPOSITS IN MARKET.
The total deposits of savings and loan associations in the market.
xxxxxxxx. deposits in 1000's of dollars (4,483 to 36,990,000)
0. INAP (441 cases)
B5350 TOTAL MUTUAL SAVINGS BANK DEPOSITS IN MARKET.
The total deposits of mutual savings banks (FDIC insured) in
the market.
xxxxxxxx. deposits in 1000's of dollars (13,046 to 47,807,248)
0. none or INAP (3228 cases)
B5351 TOTAL NUMBER OF COMMERCIAL BANKS IN MARKET.
The number of legally separate firms.
xxx. number (2 to 404)
0. INAP (441 cases)
B5352 TOTAL NUMBER OF SAVINGS AND LOANS IN MARKET.
The number of legally separate firms.
xxx. number (1 to 155)
0. INAP (441 cases)
B5353 TOTAL NUMBER OF MUTUAL SAVINGS BANKS IN MARKET.
The number of legally separate firms.
xx. number (1 to 70)
0. none or INAP (3228 cases)
B5354 TOTAL NUMBER OF COMMERCIAL BANK ORGANIZATIONS IN
MARKET.
The number of economically separate firms (holding companies
are consolidated)
xxx. number (2 to 398)
0. INAP (441 cases)
B5355 TOTAL NUMBER OF SAVINGS AND LOAN ORGANIZATIONS IN
MARKET.
The number of economically separate firms (holding companies
are consolidated)
xxx. number (1 to 155)
0. INAP (441 cases)
B5356 TOTAL NUMBER OF MUTUAL SAVINGS BANKS ORGANIZATIONS IN
MARKET.
The number of economically separate firms (holding companies
are consolidated)
xx. number (1 to 70)
0. none or INAP (3228 cases)
B5357 TOTAL NUMBER OF COMMERCIAL BANK OFFICES IN MARKET.
The number of separate offices (including head and branches).
xxxx. number (2 to 1,566)
0. INAP (441 cases)
B5358 TOTAL NUMBER OF SAVINGS & LOAN ASSOCIATION OFFICES IN
MARKET.
The number of separate offices (including head and branches).
xxx. number (1 to 799)
0. INAP (441 cases)
B5359 TOTAL NUMBER OF MUTUAL SAVINGS BANK OFFICES IN MARKET.
The number of separate offices (including head and branches).
xxx. number (1 to 498)
0. none or INAP (3228 cases)
B5360 THREE-FIRM CONCENTRATION RATIO FOR MARKET
(ALL INSTITUTIONS).
The percentage of the total deposits in the market held by the
largest three depository institutions.
xxxx. percentage times 10 (202 to 1000)
0. INAP (441 cases)
B5361 THREE-FIRM CONCENTRATION RATIO FOR MARKET
(COMMERCIAL BANKS).
The percentage of the total commercial bank deposits in the
market held by the largest three commercial banks.
xxxx. percentage times 10 (357 to 1000)
0. INAP (441 cases)
B5362 HERFINDAHL INDEX FOR MARKET (ALL INSTITUTIONS).
The Herfindahl index for the market including all depository
institutions. The Herfindahl is the sum of the squared market
shares (as a percentage) of all institutions in the market.
The maximum value is thus 100 x 100 or 10,000.
xxxxx. index times 10 (2,953 to 49,196)
0. INAP (441 cases)
B5363 HERFINDAHL INDEX FOR MARKET (COMMERCIAL BANKS ONLY).
The Herfindahl index for the market including only commercial banks.
xxxxx. index times 10 (6,271 to 64,879)
0. INAP (441 cases)
B5364 STATE BANKING LAW.
This variable indicates the law governing commercial bank
branching in the state of each respondent at the time of the
survey. Answered for all observations but the high-income sample.
1. unit banking state (only one office per bank) (550 cases)
2. limited branching allowed (1479 cases)
3. state-wide branching state (1636 cases)
0. INAP, high-income sample (438 cases)
B5365 MULTI-BANK HOLDING COMPANY PROHIBITION?
The state banking laws prohibit multi-bank holding companies
at the time of the survey. Not given for the high-income sample.
1. yes, no multi-bank holding companies (525 cases)
5. no (3140 cases)
0. INAP (438 cases)
Top of Page
SAVINGS ATTITUDES
Variables in this section reflect answers given by respondent on
their reasons for, and attitudes toward, saving. Because they
represent attitudes, not "facts," missing values have not been imputed
for any of the variables in this section.
Reasons for Savings, Attitudes Toward Risk and Liquidity
B5401 REASONS FOR SAVING.
B5402 Respondents were asked what the household's most important
reasons for saving were. Two variables are provided for
answers. This was an open-ended question.
1. children's education (204/170 cases)
2. own education; spouses education; education -- NA for whom
(84/59 cases)
3. "for the children/family" not further specified; "to help
the kids out" (103/112 cases)
11. buying own house (133/70 cases)
12. purchase of cottage or second home for own use (5/5 cases)
13. buy a car (32/46 cases)
14. home improvements/repairs (25/25 cases)
15. to travel; take vacations (113/234 cases)
16. buy durable household goods, appliances, home furnishings;
hobby items; for other purchases not codable above or not
specified; "buy things when we need/want them" (224/212 cases)
17. burial; funeral expense (35/30 cases)
21. buying (investing in) own business/farm; equipment for
business (11/6 cases)
22. retirement; old age (680/319 cases)
23. reserves in case of unemployment (105/103 cases)
24. in case of illness; medical/dental expenses (293/283 cases)
25. emergencies; "rainy days" (1236/350 cases)
26. investment reasons (to get interest, to be diversified, to
buy other forms of assets) (139/88 cases)
27. to meet contractual commitments (debt repayment,
insurance, taxes, etc) to pay off the house (34/14 cases)
28. "to get ahead;" for the future; to advance standard of
living (242/110 cases)
29. ordinary living expenses/bills (187/107 cases)
90. had extra income; saved because had the money left over -
no other purpose specified (31/13 cases)
91. wise/prudent thing to do; good discipline to save (45/20 cases)
97. other reason (17/10 cases)
-6. don't/can't save (106/0 cases)
-8. DK (5/0 cases)
-9. NA (14/0 cases)
0. INAP (second reason only) (0/1717 cases)
question: H1
B5403 ATTITUDE TOWARD RISK.
Respondents were asked: "Which of the following statements on
this card comes closest to the amount of financial risk you
are willing to take when you save or make investments?"
1. take substantial financial risks expecting to earn
substantial returns (266 cases)
2. take above average financial risks expecting to earn above
average returns (524 cases)
3. take average financial risks expecting to earn average
returns (1572 cases)
4. not willing to take any financial risks (1647 cases)
-8. DK (28 cases)
-9. NA (66 cases)
question: H2
B5404 ATTITUDE TOWARD LIQUIDITY.
Respondents were asked: "Which of the following statements on
this card comes closest to how you feel about tying up your
money in investments for long periods of time?"
1. tie up money for a long period of time to earn substantial
returns (535 cases)
2. tie up money for an intermediate period of time to earn
above average returns (1142 cases)
3. tie up money for a short period of time to earn average
returns (1205 cases)
4. not willing to tie up money at all (1107 cases)
-8. DK (26 cases)
-9. NA (88 cases)
question: H3
Tax Rate, Savings, Inheritance
B5405 MARGINAL TAX RATE.
Respondents were asked: "if you were to earn an extra dollar
of income, about what percent would have to be paid in federal
income taxes?" There are a substantial number of don't knows
and NAs for this question and some "implausible" responses.
xxxx. percentage times 10 (1 to 1000)
-6. none (416 cases)
-8. DK (1316 cases)
-9. NA (38 cases)
question: H5
B5406 SAVINGS IN 1982.
Respondents were asked: "considering all of your savings and
reserve funds, overall, did you put more money in or take more
money out in 1982?"
1. put more money in (1487 cases)
3. stayed the same, no savings (954 cases)
5. took more money out (1583 cases)
-8. DK (13 cases)
-9. NA (66 cases)
question: H6
B5407 RECEIVE INHERITANCE.
Respondents were asked: "Overall did most of your savings come
from your regular income, or did they come originally from
gifts and inheritances, or other sources?"
1. mostly saved from income; own pension/social security;
profit sharing (3332 cases)
2. mostly from gifts and inheritances (292 cases)
3. combinations including income (1 & 2, 1 & 4, 1 & 6) (85 cases)
4. settlements; insurance; lawsuit; divorce (33 cases)
5. have no savings (202 cases)
6. investment income; sale of property; interest (88 cases)
7. other source (20 cases)
-8. DK (3 cases)
-9. NA (48 cases)
question: H7
B5408 EXPECT INHERITANCE?
Respondents were asked if he/she expected to ever receive a
large inheritance.
1. yes, expect inheritance (567 cases)
5. no, do not expect inheritance (3453 cases)
-8. DK (66 cases)
-9. NA (17 cases)
question: H8
CREDIT ATTITUDES
Variables in this section reflect answers given by respondent
about their attitudes toward credit and debt. Because they represent
attitudes, not "facts," missing values have not been imputed for any
of the variables in this section.
Reasons for Borrowing
B5501 GENERAL CREDIT ATTITUDE.
Respondents were asked: "do you think it is a good idea or a
bad idea for people to buy things on the installment plan?"
1. good idea (1848 cases)
3. good in some ways, bad in others (1270 cases)
5. bad idea (948 cases)
-8. DK (24 cases)
-9. NA (13 cases)
question: A1
B5502 (1st) WHY GOOD (OR BAD) IDEA?
B5503 (2nd) This is a follow-up to B5501 asking why respondent
thought installment borrowing was good (or bad if
B5501 = 5). This question was not asked if B5501 was DK or
NA. B5502 is a first mention and B5503 is a second
mention if more than one was given. Note that in some
cases, respondents gave reasons in B5502 and/or B5503
that were inconsistent with their answer to B5501.
why good idea?
10. enables people to improve their standard of
living/have a better lifestyle/get up in the world
(50/25 cases)
11. can buy now; only way (some) people can buy/have
things, don't have to wait until money is saved
up; can't afford" to buy otherwise (1325/286 cases)
12. can use item while paying for it (23/24 cases)
13. teaches financial responsibility; teaches people
how to manage money (13/15 cases)
14. good for the country/economy; stimulates business
(119/81 cases)
15. to establish credit; get a good credit rating
(136/104 cases)
16. to keep cash on hand; will not have spent all your
cash on one thing (18/16 cases)
17. to save; to keep savings; can save some and buy at
same time (11/8 cases)
18. hedge against inflation; can buy today's goods at
tomorrow's dollars (16/13 cases)
19. interest charges are a tax deduction (19/27 cases)
20. easier to keep track of spending; simplifies
record keeping/staying on budget (18/15 cases)
21. can take advantage of sales/discounts (14/18 cases)
22. convenience; may not have cash with you, but can
charge it (57/41 cases)
23. get better service/treatment from creditor if you
owe money on item or have a charge account (8/3 cases)
24. accepted medium of exchange; credit cards are
replacing money /ours is a credit society; can use
credit cards anywhere (29/14 cases)
25. safer to carry than money; don't lose as much if
stolen/lost (10/4 cases)
29. other reasons good (17/12 cases)
depends or qualified by
31. age of buyer; good if young; bad if old (23/13 cases)
32. source of credit; bank OK, finance company not (2/3 cases)
33. nature of purchase; good if large or necessity,
bad if impulse purchase or buy too much or
luxuries (202/113 cases)
34. nature of debt position; good if large/necessity,
bad if much in debt (47/20 cases)
35. ability of buyer to manage money or budget; good
if you don't go too far in debt (442/192 cases)
36. availability of cash; bad if you can pay cash,
good if you can't (44/21 cases)
37. rate of interest or finance charges (11/11 cases)
38. buyer's financial/job security; if have a secure
job; income is steady (68/24 cases)
39. "sometimes it's necessary"--NA why; OK if really
need item; "for emergencies" (142/169 cases)
49. other depends or qualifications (14/5 cases)
why bad idea?
51. encourage (impulse) buying; too easy to buy now,
pay later; buy things you don't want or need (52/65 cases)
52. still paying for something when it's worn out/used
up (5/6 cases)
54. bad for the country/economy; bad for business;
causes inflation (26/29 cases)
55. debt/credit intrinsically bad; don't believe in
owing money; immoral (178/59 cases)
56. erodes character; puritan ethic; bad idea because
it's good for people to scrimp and save to pay for
what they want (25/28 cases)
57. leads to harrassment/repossession by creditor if
fall behind in payments (10/11 cases)
58. future too uncertain; might not be able to pay
later if get sick or lose job (36/34 cases)
59. interest or finance charges (too high); costs too
much (209/138 cases)
60. people abuse credit; run up bills and don't pay
them (87/81 cases)
61. creates money management/budgeting problems; buy
more than you can pay for; "get in over your
head"; too easy to go into (too much) debt (488/324
cases)
69. other reasons bad (18/9 cases)
-8. DK (4/0 cases)
-9. NA (47/0 cases)
0. INAP, NA credit good/bad or no second mention (37/2145 cases)
question: A1a
REASONS FOR BORROWING.
(A) Expenses of vacation trip
(B) Living expenses when income is cut
(C) Consolidate bills which have piled up
(D) Finance the purchase of a fur coat or jewelry
(E) Finance boats, snowmobiles and other hobby equipment
(F) Finance the purchase of a car
(G) Expenses due to illness
(H) Finance educational expenses
(I) Finance the purchase of furniture
B5504 (A) For each of the potential reasons for borrowing given in (A)-
B5505 (B) (I) respondents were asked: "tell me if it is all right for
B5506 (C) someone like yourself to borrow money to ..(each reason
B5507 (D) asked)?" These variables give respondent's answers to each
B5508 (E) reason.
B5509 (F)
B5510 (G) 1. yes (576/1877/1981/240/869/3358/3384/3272/2022 cases)
B5511 (H) 5. no (3515/2182/2061/3853/3216/732/679/793/2052 cases)
B5512 (I) -8. DK (1/25/40/0/2/4/23/18/11 cases)
-9. NA (11/19/21/10/16/9/17/20/18 cases)
question: A2
Credit Terms
B5513 (1st) IMPORTANT AUTOMOBILE LOAN TERMS.
B5514 (2nd) Respondents were asked: "... in choosing an automobile loan,
B5515 (3rd) which of the credit terms listed on this card would be
most important to you if you were going to use credit
to purchase a car? Which comes next? Which is
third?" B5513 contains the code of the most important
term, B5514 contains the code of the second most
important, and B5515 the code of the third most important.
1. size of the loan (761/566/631 cases)
2. dollar amount of interest or finance charge
(655/698/502 cases)
3. size of the monthly payments (1223/970/694 cases)
4. annual percentage rate of interest (932/728/545 cases)
5. charge for late payment (8/49/100 cases)
6. rebate for early payoff of loan (73/257/421 cases)
7. security for collateral for loan (35/106/247 cases)
8. size of the down payment (255/541/748 cases)
-8. DK (57/57/57 cases)
-9. NA (104/131/158 cases)
question: A3
Interest Quiz
B5516 (1st) INTEREST QUIZ -- AMOUNT OF PAYMENT.
B5517 (2nd) Respondents were asked the following: "Suppose you
were buying a room of furniture for a list price of
$1,000 and you were to repay the amount to the dealer in 12
monthly installments. How much do you think it would
cost in total, for the furniture after one year --
including all finance and carrying charges?" Variable
B5516 contains respondent's original "unprobed"
response to the dollar amount of payment. If a
respondent responded "don't know," he/she was probed
for their best estimate, as given in B5517. If a
dollar amount is given in B5516, then B5516 and
B5517 are the same.
xxxx. dollars (1000 to 4000)
-8. DK (736/420 cases)
-9. NA (34/30 cases)
question: A4,A4a
B5518 (1st) INTEREST QUIZ -- PERCENT RATE OF INTEREST.
B5519 (2nd) As a followup to the above question (B5516 or B5517)
respondents were asked what percent rate of interest
the payments indicated in B5516 or B5517 would imply.
Variable B5518 contains respondent's original
"unprobed" response to the interest rate. If a
respondent responded "don't know," he/she was probed
for their best estimate, as given in B5519. If a
percentage is given in B5518, then B5518 and B5519 are
the same. If an amount was not given in B5516 or
B5517 then the interest rate questions were not asked.
xxx. percentage times 10 (10 to 800)
-6. none (2/2 cases)
-8. DK (444/216 cases)
-9. NA (B5517 = -8 or -9) (464/464 cases)
question: A5,A5a
B5520 IMPLIED AMOUNT OF PAYMENT.
This is a constructed variable based on the interest rate
given by respondent in B5519. It gives the implied correct
total payments that would be paid if the interest rate given
by respondent in B5519 were charged. If respondent
understands the relationship between interest rates and
payments, then B5520 should be approximately the same as B5517.
xxxx. dollars (1001 to 1619)
-8. DK (in B5519) (216 cases)
-9. NA (in B5519) (464 cases)
B5521 IMPLIED INTEREST RATE.
This is a constructed variable based on the total payment
charges given by respondent in B5517. It gives the implied
correct interest rate that would be paid if the payments given
by respondent in B5517 were made. If respondent understands
the relationship between interest rates and payments, then B5521
should be approximately the same as B5519.
xxxx. percentage times 10 (37 to 3000)
-6. none (13 cases)
-8. DK (in B5517) (420 cases)
-9. NA (in B5517) (30 cases)
Turned Down for Credit or Discouraged from Borrowing
B5522 TURNED DOWN FOR CREDIT IN LAST FEW YEARS?
Respondents were asked if he/she (or their spouse) had had a
request for credit turned down by a particular lender or
creditor in the past few years, or had been unable to get as
much credit as he/she had applied for.
1. yes, turned down (484 cases)
3. yes, unable to get as much credit as he/she wanted (71 cases)
5. not turned down (3535 cases)
-9. NA (13 cases)
question: A6
B5523 (1st) REASONS TURNED DOWN FOR CREDIT
B5524 (2nd) If respondents (or their spouse) had been turned down
for credit (B5522 equals 1 or 3), he/she was asked
what reasons he/she was given for being turned down (or
not receiving as much credit as he/she asked for) on
the most recent occasion when this occurred. B5523
contains the code for the first reason given, and B5524 the
code for a second mention if one was given.
personal characteristics of borrower
50. family background/life history; who your parents
(relatives) are (0/1 cases)
52. marital status (8/1 cases)
53. sex (0/3 cases)
54. combination of marital status and sex--"single
men", "married women" (0/1 cases)
55. age (4/0 cases)
56. race (2/0 cases)
57. personal character/reputation-whether borrower is
stable, honest; known by other people trusted by
institution (3/0 cases)
58. health (3/0 cases)
59. other personal characteristics of borrower (1/1 cases)
credit characteristics of borrower
61. need to have a checking/savings account (at
institution) (3/1 cases)
62. haven't established a credit history (107/15 cases)
63. credit rating service/credit bureau reports (9/3 cases)
64. credit records/history from other institutions;
other loans or charge accounts; previous payment
records; bankruptcy (103/6 cases)
65. lack of/not enough assets/collateral/property to
secure the loan (except home ownership--code 74);
size of down payment; financial status (49/5 cases)
66. amount of debt; size of other payments; ability to
repay loan (28/8 cases)
69. other credit characteristics of borrower (5/0 cases)
financial characteristics of borrower
71. time on current job (18/7 cases)
72. job; type of work; steady/secure employment; good
job (9/4 cases)
73. lack of job; not working; on welfare (23/6 cases)
74. lack of home ownership (2/1 cases)
75. time at current address; time in community or
state (17/8 cases)
76. amount of income; "income" (61/12 cases)
77. source of income; retired (2/0 cases)
78. where you live; what type of neighborhood/area of
the city you live in; if you live in the
state/county (2/0 cases)
79. other financial characteristics of borrower (3/0 cases)
miscellaneous
81. lack of familiarity/experience; don't have account
there; I'm not a credit union member (2/1 cases)
82. previous bad experience (nec); had difficulty/been
turned down-- NA why (0/1 cases)
83. institution is more "strict" in lending
requirements--NA in what areas (1/0 cases)
88. inconvenient/difficult--not codable above (1/0 cases)
89. other miscellaneous (6/0 cases)
90. didn't approve of purpose for which money was to
be borrowed (11/2 cases)
91. loan was too large for source to handle; sources
doesn't have much money to lend; money reserves of
source are low (14/1 cases)
92. interest (0/1 cases)
97. other unspecified (13/5 cases)
-6. none; no reason was given; "bank policy" (29/0 cases)
-8. DK (11/0 cases)
-9. NA (5/0 cases)
0. INAP, not turned down for credit, no second
mention (3548/4009 cases)
question: A6a
B5525 REAPPLY FOR CREDIT.
Respondents were asked if he/she (or their spouse) reapplied
for credit at the same lender or any other institution after
he/she was turned down for credit (or did not get as much as
he/she asked for). If he/she had reapplied he/she was asked
whether or not he/she eventually received as much credit as
he/she had originally wanted. This question was asked only if
B5522 equaled 1 or 3.
1. reapplied for credit and received as much as he/she wanted
(135 cases)
2. reapplied for credit and were again denied or did not
receive as much as he/she wanted (82 cases)
3. reapplied for credit and NA whether he/she received as
much as he/she wanted
(2 cases)
5. did not reapply (333 cases)
-9. NA whether reapply (3 cases)
0. INAP, not turned down for credit (3548 cases)
question: A6b,A6c
B5526 DISSUADED FROM APPLYING FOR CREDIT?
Respondents were asked if there had been any time in the past
few years that he/she (or their spouse) had thought about
applying for credit at a particular place, but changed their
mind because he/she thought he/she might be turned down.
1. yes (369 cases)
5. no (3726 cases)
-8. DK (1 case)
-9. NA (7 cases)
question: A7
B5527 (1st) REASONS FOR THINKING HE/SHE WOULD BE TURNED DOWN.
B5528 (2nd) If respondents (or their spouse) had not applied for
credit because he/she thought he/she would be turned
down (B5526 equals 1), he/she was asked for what reasons
he/she thought he/she would be turned down on the most
recent occasion when this occurred. B5527 contains
the code for the first reason given, and B5528 the code
for a second mention, if one was given.
personal characteristics of borrower
50. family background/life history; who your parents
(relatives) are (2/0 cases)
52. marital status (12/1 cases)
53. sex (1/0 cases)
54. combination of marital status and sex--"single
men", "married women" (2/0 cases)
55. age (9/3 cases)
56. race (0/1 cases)
57. personal character/reputation-whether borrower is
stable, honest; known by other people trusted by
institution (2/1 cases)
58. health (1/1 cases)
59. other personal characteristics of borrower (1/1 cases)
credit characteristics of borrower
61. need to have a checking/savings account (at
institution) (2/0 cases)
62. haven't established a credit history (45/12 cases)
63. credit rating service/credit bureau reports (5/1 cases)
64. credit records/history from other institutions;
other loans or charge accounts; previous payment
records; bankruptcy (63/2 cases)
65. lack of/not enough assets/collateral/property to
secure the loan (except home ownership--code 74);
size of down payment; financial status (29/9 cases)
66. amount of debt; size of other payments; ability to
repay loan (30/6 cases)
69. other credit characteristics of borrower (1/0 cases)
financial characteristics of borrower
71. time on current job (8/4 cases)
72. job; type of work; steady/secure employment; good
job (8/4 cases)
73. lack of job; not working; on welfare (33/7 cases)
74. lack of home ownership (1/0 cases)
75. time at current address; time in community or
state (3/1 cases)
76. amount of income; "income" (51/17 cases)
77. source of income; retired (3/0 cases)
78. where you live; what type of neighborhood/area of
the city you live in; if you live in the
state/county (1/0 cases)
79. other financial characteristics of borrower (2/1 cases)
miscellaneous
82. previous bad experience (nec); had difficulty/been
turned down-- NA why (17/0 cases)
83. institution is more "strict" in lending
requirements--NA in what areas (2/0 cases)
87. "discrimination"; references to redlining--NA
basis (1/1 cases)
88. inconvenient/difficult--not codable above (1/0 cases)
89. other miscellaneous (5/3 cases)
91. loan was too large for source to handle; sources
doesn't have much money to lend; money reserves of
source are low (3/0 cases)
92. interest (3/1 cases)
97. other unspecified (7/2 cases)
-6. none; no reason was given; "bank policy" (1/0 cases)
-8. DK (2/0 cases)
-9. NA (15/0 cases)
0. INAP, did not think would be turned down, no
second mention (3734/4019 cases)
question: A7a
B5529 TYPE OF FINANCIAL INSTITUTION.
If respondents (or their spouse) had not applied for credit
because he/she thought he/she would be turned down (B5526
equals 1), he/she was asked which type of lender this was with.
1. commercial bank (117 cases)
2. savings and loan association or savings bank (23 cases)
3. credit union (27 cases)
4. finance or loan company (51 cases)
5. store or dealer (113 cases)
6. brokerage company (1 case)
7. insurance company (1 case)
8. mortgage company (3 cases)
11. automobile finance company (2 cases)
12. doctor or hospital, dentist (1 case)
15. employer (3 cases)
16. friend or relative (not codable above) (2 cases)
22. school, college, university (1 case)
28. bank or general purpose credit card company; American
Express; VISA; Carte Blanche; Mastercard; Diners Club (8 cases)
93. farm related lenders (not codable above) (1 case)
96. combination of lenders (1 case)
97. other (1 case)
-8. DK (1 case)
-9. NA (12 cases)
0. INAP, did not think he/she would be turned down (3734 cases)
question: A7b.
B5530 (1st) SOURCE OF INFORMATION FOR THINKING HE/SHE WOULD BE
B5531 (2nd) TURNED DOWN.
If respondents (or their spouse) had not applied for
credit because he/she thought he/she would be turned
down (B5526 equals 1), he/she was asked where he/she
obtained the information that led them to believe
this. B5530 contains the first mention given, and
B5531 the second mention, if given.
11. previous experience with borrowing or with the
lender (29/2 cases)
13. from self; my own idea; just assumed I couldn't
get it--not 15 (99/13 cases)
15. family or self and family; we decided we couldn't
get it (36/0 cases)
17. from friend, acquaintance (27/2 cases)
21. (directly from) a financial institution; from
bank, finance company, credit union, other
financial institution (95/6 cases)
22. (direct from) stores/dealers (37/2 cases)
30. from stated/written credit conditions;
"requirements" for loan (5/0 cases)
31. from credit bureau; credit rating service (11/0 cases)
40. from the media; television, newspapers, radio (6/1 cases)
97. other source (6/0 cases)
-8. DK (2/0 cases)
-9. NA (16/0 cases)
0. INAP, did not think he/she would be turned down,
no second mention (3734/4087 cases)
question: A7c
CREDIT SHOPPING
Respondents were asked about their most recent purchase of a
durable good or home improvement costing more than $500 and occurring
within the previous year (if any). If he/she had made such a
purchase, details were collected on the method of payment he/she had
used and how he/she selected that method. Most information is
self-reported. There were about 300 cases, however, where respondents
indicated that he/she had not made a purchase of $500 dollars or more,
but information provided in the Vehicle or Consumer Loan Section
indicated that he/she had. In these instances data was filled in
here, Credit Shopping Section, reflecting the purchase.
Recent Purchase Over $500
B5601 PURCHASE OVER $500 WITHIN A YEAR?
Respondents were asked if he/she (or their spouse) had
purchased a vehicle, large item for the home, a recreation
item, or home improvements, that cost $500 or more within the
previous year. As indicated above, some purchases were inferred from
data given elsewhere. All missing values were imputed.
1. yes (2245 cases)
5. no (1858 cases)
question: G1
B5602 TYPE OF PURCHASE.
The type of purchase. Asked only if a large purchase had been
made (B5601 = 1). Information is given for the most recent
item purchased over $500. All missing values were imputed
using conditional mean tables.
1. purchase home (current residence) (2 cases)
2. purchase home (current residence) if mobile home (2 cases)
3. home improvement or addition (including assessment for
sewer) (223 cases)
4. home repairs, upkeep, maintenance (101 cases)
6. New automobile (239 cases)
7. Used automobile (477 cases)
8. New truck or utility vehicle (45 cases)
9. Used truck or utility vehicle (165 cases)
11. refrigerator (61 cases)
12. stove-range, microwave oven (38 cases)
13. dishwasher (4 cases)
14. freezer (7 cases)
15. air conditioner (14 cases)
16. washing machine, washer dryer combination (31 cases)
17. dryer (4 cases)
18. furniture, lamps, mattress and spring combos (254 cases)
19. rug, carpet (56 cases)
20. vacuum cleaner (8 cases)
21. sewing machine (2 cases)
22. typewriter (manual or electric) (1 case)
23. home computer, calculator, computer terminal (23 cases)
25. combination of appliances (including TV); appliance NA
type (8 cases)
26. furniture and appliance combinations (6 cases)
27. furniture and carpet combinations (6 cases)
28. curtains, drapes, china, other small household
goods/furnishings (15 cases)
29. other appliances or durable goods (6 cases)
31. stereo, phonograph (may include radio), sound equipment,
amp (45 cases)
34. piano, organ (14 cases)
35. musical instruments (except pianos or organs) (1 case)
36. TV -- NA color or black and white (78 cases)
37. color TV (17 cases)
39. "home entertainment center", (incl. combination TV, radio,
phonograph, etc.); beta max, video cassette
recorder/player (34 cases)
41. camera; camera equipment (incl. lighting apparatus,
enlarger) (4 cases)
49. other small/indoor hobby or entertainment items (i.e. pool
tables) (3 cases)
51. power tools (hand held or stationary) -- electric drill
radial arm or chain saw, belt sander, router (5 cases)
52. yard equipment, lawn mower, snow blower, roto-tiller (11 cases)
53. tractor, self-propelled construction/farming devices
(non-business) (6 cases)
59. other tools (3 cases)
61. boat; boating equipment (incl. trailer) (38 cases)
62. bicycle, moped (2 cases)
63. motorcycle (25 cases)
65. camper-trailers (excluding self-propelled campers) (22 cases)
66. mobile homes (not current residence); self-propelled
campers (7 cases)
67. cottage, vacation property (2 cases)
69. other outdoor recreation items (8 cases)
71. stamp/coin collection; antique-classic car (incl. other
similar "asset collections) (13 cases)
72. investment real estate (incl. cemetery plots) (23 cases)
79. other investments (5 cases)
81. travel/vacation expenses (8 cases)
82. medical/dental expenses (1 case)
83. education/school expenses (1 case)
86. encyclopedias, health clubs, spas (3 case)
91. living/general expenses; moving expenses (3 cases)
92. personal items (incl. clothing or jewelry) (43 cases)
93. vehicle repair/upkeep (incl. insurance) (9 cases)
94. gifts; goods or gifts of money; "christmas" (7 cases)
97. other type (6 cases)
0. INAP, no purchase (1858 cases)
question: G2
B5603 MONTH OF THE PURCHASE.
All missing values were imputed.
xx. month (1 to 12)
0. INAP (1858 cases)
question: G3
B5604 YEAR OF THE PURCHASE.
All missing values were imputed.
1982. (1501 cases)
1983. (744 cases)
0. INAP (1858 cases)
question: G3
B5605 COST OF THE PURCHASE.
All missing values were imputed. Imputations were made using
a variety of regressions with random terms added.
xxxxxxx. dollars (500 to 1,500,000)
0. INAP (1858 cases)
question: G4
Method of Purchase
B5606 METHOD OF PAYMENT.
All missing values were imputed. Imputations were made using
conditional means.
1. credit card -- paid in full when received bill (181 cases)
2. credit card -- bill not paid in full when received (127 cases)
3. credit card -- DK or NA whether bill paid in full when
received (4 cases)
4. credit card -- bill not received, but will pay in full (12 cases)
5. credit card -- bill not received, will not pay in full (7 cases)
7. cash or check where the funds originally came from a loan
against a line of credit (8 cases)
8. cash or check where the funds came from savings or
investments (1106 cases)
9. cash or check where the funds came from an other source (16 cases)
10. cash or check NA or DK original source of funds (14 cases)
11. cash or check original source of funds from loan (26 cases)
12. loan (696 cases)
13. line of credit loan (38 cases)
14. other method (10 cases)
0. INAP (1858 cases)
question: G5,G5a,G5b,G5c
Terms and Location of Loan
B5607 AMOUNT STILL OUTSTANDING ON LOAN.
Asked only if a loan was used for the purchase (B5506 = 11 or
12). All missing values were imputed. If the loan is still
outstanding it will be included in the Housing or Consumer
Loan Section. The amount listed here, therefore, is identical
to the amount for the appropriate variable of B4212 etc. The
formula for computing the amount outstanding and for
imputations is given there.
xxxxxx. dollars (39 to 240,000)
-6. loan paid off (43 cases)
0. INAP, no purchase or loan not used for payment (3381 cases)
question: G6 (and loan questions)
B5608 ORIGINAL AMOUNT BORROWED.
Asked only if a loan was used for the purchase (B5506 = 11 or
12). All missing values were imputed. If the loan is still
outstanding, this variable will be the same as the appropriate
variable in B4218 etc.
xxxxxx. dollars (184 to 240,000)
0. INAP (3381 cases)
question: G6a (and loan questions)
B5609 SIZE OF EACH PAYMENT.
Asked only if a loan was used for the purchase (B5506 = 11 or
12). All missing values were imputed. If the loan is still
outstanding, this variable will be the same as the appropriate
variable in B4219 etc.
xxxxx. dollars (10 to 27,600)
-6. no regular payments (74 cases)
0. INAP (3881 cases)
question: G6b (and loan questions)
B5610 FREQUENCY OF PAYMENTS.
Asked only if a loan was used for the purchase (B5506 = 11 or
12). All missing values were imputed. If the loan is still
outstanding, this variable will be the same as the appropriate
variable in B4220 etc.
3. weekly (17 cases)
4. biweekly (5 cases)
5. monthly (621 cases)
6. yearly (5 cases)
8. no regular payments (74 cases)
0. INAP (3381 cases)
question: G6c (and loan questions)
B5611 ORIGINAL NUMBER OF PAYMENTS.
Asked only if a loan with regular payments was used for the
purchase (B5506 = 11 or 12 and B5610 = 3-7). All missing
values were imputed. If the loan is still outstanding, this
variable will be the same as the appropriate variable in B4221 etc.
xxx. numbers (2 to 520)
0. no regular payments, INAP (3455 cases)
question: G6c (and loan questions)
B5612 NUMBER OF PAYMENTS LEFT.
Asked only if a loan with regular payments was used for the
purchase (B5506 = 11 or 12 and B5610 = 3-7). All missing
values were imputed. If the loan is still outstanding, this
variable will be the same as the appropriate variable in B4222 etc.
xxx. numbers (1 to 499)
0. no regular payments, loan paid off, INAP (3473 cases)
B5613 ANNUAL RATE OF INTEREST.
Asked only if a loan was used for the purchase (B5506 = 11 or
12). All missing values were imputed. If the loan is still
outstanding, this variable will be the same as the appropriate
variable in B4223 etc.
xxx. percentage rate times 10 (10 to 376)
-6. none (20 cases)
0. INAP (3381 cases)
question: G6d (and loan questions)
B5614 SOURCE OF LOAN.
Asked only if a loan was used for the purchase (B5506 = 11 or
12). All missing values were imputed. If the loan is still
outstanding, this variable will be the same as the appropriate
variable in B4224 etc.
1. commercial bank (280 cases)
2. savings and loan association or savings bank (49 cases)
3. credit union (49 cases)
4. finance or loan company (96 cases)
5. store or dealer (57 cases)
6. brokerage company (1 case)
7. insurance company (7 cases)
8. mortgage company (2 cases)
9. contractor or developer (3 cases)
10. prior owner (8 cases)
11. automobile finance company (84 cases)
15. employer (1 case)
16. friend or relative (not codable above) (35 cases)
17. individual lender (not codable above) (3 cases)
22. real estate investment company (1 case)
24. federal government: FMHA, SBA, VA, FHA, HUD, NDSL (3 cases)
97. other source (3 cases)
0. INAP (3381 cases)
question: G6e (and loan questions)
B5615 ORIGINAL MATURITY IN MONTHS.
Asked only if a loan was used for the purchase (B5506 = 11 or
12). All missing values were imputed. If the loan is still
outstanding, this variable will be the same as the appropriate
variable in B4217 etc.
xxx. months (2 to 360)
-9. NA (52 cases)
0. INAP (3381 cases)
B5616 (1st) WHY CHOOSE LENDER TYPE?
B5617 (2nd) Asked only if a loan was used for the purchase (B5506
= 11 or 12). Respondents were asked what were the
main reasons why he/she borrowed where he/she did rather
than at another type of institution. No imputations.
B5616 is the first reason given, and B5617 the second (if any).
financial reasons
1. interest rate paid (131/38 cases)
3. loan policies -- good/easy; will give me loan if I
need one (33/17 cases)
9. "good services/good terms" NA what (9/8 cases)
other characteristics of institution
13. proximity, location; nearby; near my office (2/4 cases)
14. they take care of all the paper work (2/0 cases)
15. "convenient"/"easy" NA in what way (50/14 cases)
16. (can pay by) payroll deduction (9/13 cases)
21. institution is safe, stable, honest, reputable,
experienced; deposit insured (by federal
government) (1/1 cases)
31. people there are
nice/pleasant/courteous/helpful/friendly (1/2 cases)
respondent's personal reasons
80. no choice; only institution in area/town;
family/parents do (13/0 cases)
81. familiarity; used to it; have other accounts
there; business there; have borrowed there; good
prior experience with lender (126/25 cases)
82. have other business relationship with this
institution; respondent's business has accounts
there (7/0 cases)
83. respondent works there; knows people who work
there (17/6 cases)
84. recommended by third party (10/1 cases)
85. to use as a credit reference (for other loans) (4/2 cases)
86. ease of/aid to personal record keeping; "they send
monthly statements" (0/1 cases)
87. dealer uses this financial institution (45/11 cases)
91. "Trust them" -- NA why; "like them" -- NA why (3/1 cases)
92. they had the particular product R wanted (3/1 cases)
97. other reason (10/1 cases)
-8. DK (3/0 cases)
-9. NA (243/0 cases)
0. INAP, no second mention (3381/3957 cases)
question: G7
B5618 (1st) WHY CHOOSE SPECIFIC LENDER?
B5619 (2nd) Asked only if a loan was used for the purchase (B5506
= 11 or 12). Respondents were asked what were the
main reasons why he/she borrowed at the specific firm
where he/she did rather than at another lender. No
imputations. B5618 is the first reason given, and
B5619 the second (if any).
financial reasons
1. interest rate paid (61/20 cases)
3. loan policies -- good/easy; will give me loan if I
need one (31/5 cases)
9. "good services/good terms" NA what (11/3 cases)
other characteristics of institution
12. hours/days open; open late or on Saturday (0/1 cases)
13. proximity, location; nearby; near my office (8/4 cases)
14. they take care of all the paper work (2/0 cases)
15. "convenient"/"easy" NA in what way (33/6 cases)
16. (can pay by) payroll deduction (3/5 cases)
21. institution is safe, stable, honest, reputable,
experienced; deposit insured (by federal
government) (0/1 cases)
31. people there are
nice/pleasant/courteous/helpful/friendly (5/1 cases)
respondent's personal reasons
80. no choice; only institution in area/town;
family/parents do (7/0 cases)
81. familiarity; used to it; have other accounts
there; business there; have borrowed there; good
prior experience with lender (160/16 cases)
82. have other business relationship with this
institution; respondent's business has accounts
there (15/1 cases)
83. respondent works there; knows people who work
there (27/4 cases)
84. recommended by third party (13/1 cases)
87. dealer uses this financial institution (70/4 cases)
90. decision made by someone else -- NA why selected
this (1/0 cases)
91. "Trust them" -- NA why; "like them" -- NA why (3/2 cases)
92. they had the particular product R wanted (13/0 cases)
97. other reason (4/1 cases)
-8. DK (5/0 cases)
-9. NA (250/0 cases)
0. INAP, no second mention (3381/4028 cases)
question: G8
B5620 CREDIT PREVIOUSLY OBTAINED FROM LENDER?
Asked only if a loan was used for the purchase (B5506 = 11 or
12). Respondents were asked if he/she (or their spouse) had
otained credit before from the lender he/she used to make
their purchase. No imputations.
1. yes, obtained credit before (271 cases)
5. no, had not obtained credit before (217 cases)
-9. NA (234 cases)
0. INAP (3381 cases)
question: G9
B5621 CREDIT FACTOR IN PURCHASE?
Asked only if a loan was used for the purchase (B5506 = 11 or
12) and the loan was obtained from a store, dealer, or
contractor (B5614 = 5, 9, 11 or 12). Respondents were asked
if obtaining credit at the store (or seller) was a factor in
purchasing the item there. No imputations.
1. yes, factor (35 cases)
5. no, not a factor (74 cases)
-9. NA (127 cases)
0. INAP, loan not obtained from store dealer or contractor
(3867 cases)
question: G10a
B5622 HOW CREDIT A FACTOR IN PURCHASE.
If obtaining credit at the store or dealer was a factor in
purchasing the item there (B5621 = 1), respondents were asked
what feature of the credit availability affected their
decision to purchase the item. No imputations.
1. convenience or ease (13 cases)
2. a good or favorable interest rate (6 cases)
3. got better purchase price if financed at the dealer (1 case)
4. other feature (8 cases)
-9. NA (7 cases)
0. INAP, loan financing at dealer not a factor in purchase
(4068 cases)
question: G10a
Information Sought on Borrowing Terms
B5623 (1st) OTHER WAYS OF BUYING THE ITEM CONSIDERED.
B5624 (2nd) Respondents were asked what other method of payment
he/she considered (besides the one he/she used).
B5623 is first method mentioned, and B5624 the second
(if any). A second mention was possible only if a
loan was chosen for payment (B5606 = 11 or 12). No
imputations.
1. cash (143/2 cases)
2. credit card or charge account (36/0 cases)
3. line of credit (38/1 cases)
4. another type of loan or credit (163/1 cases)
6. no other method of payment considered (B5623 only)
(1504/0 cases)
7. other method (11/3 cases)
-8. DK (1/0 cases)
-9. NA (349/0 cases)
0. INAP, no purchase or second mention (1858/4096 cases)
question: G11/G12
B5625 INFORMATION OBTAINED ON CREDIT?
If respondents used a loan (B5606 = 11 or 12) or considered
using it (B5623 = 4 or B5624 = 4) he/she was asked if he/she
tried to obtain information on creditors or credit terms prior
to purchase. No imputations.
1. yes, tried to obtain information (183 cases)
5. no, did not try to obtain information (396 cases)
-9. NA (252 cases)
0. INAP, did not use (or consider) a loan (3272 cases)
question: G12
B5626 (1st) HOW INFORMATION OBTAINED.
B5627 (2nd) If respondents tried to obtain information on
creditors or credit terms prior to purchase (B5625 =
1), he/she was asked how he/she tried to obtain information.
B5626 is the first mention and B5627 the second (if
any). No imputations.
1. contacted (other) stores (1/0 cases)
2. contacted (other) dealers (28/4 cases)
4. contacted (other) banks (65/17 cases)
5. contacted (other) savings and loan associations (4/2 cases)
6. contacted (other) finance companies - GMAC (9/2 cases)
7. contacted credit union (28/7 cases)
8. contacted other credit source (see card) (1/0 cases)
9. shopped/looked around -- NA where (6/0 cases)
11. talked with friends/neighbors/relatives (3/1 cases)
12. checked in media/advertising sources (5/1 cases)
13. "I phoned several places to ask about..."; "I
called them"; "asked other people" -- NA who (18/3 cases)
-9. NA (10/0 cases)
0. INAP, did not try to obtain information (3920/4066 cases)
question: G13a
B5628 (1st) WHAT KIND OF INFORMATION DESIRED.
B5629 (2nd) If respondents tried to obtain information on
creditors or credit terms prior to purchase (B5625 =
1), he/she was asked what kind of information he/she sought.
B5628 is the first mention and B5629 the second (if
any). No imputations.
1. interest rate--low(er)/reasonable/best available
rates (128/13 cases)
4. finance charges (other than interest or NA if
includes interest)-- low(er) or none (4/2 cases)
5. amount of down payment (4/7 cases)
6. size of (monthly) payments; payment amount (6/17 cases)
7. variations in payment amounts; balloon payments;
larger final payment (0/1 cases)
8. longer contracts--more time to pay off loan; length
of loan (4/13 cases)
9. easier to get credit--require less
information/collateral; less stringent rules for
giving credit; get credit approval faster; no red
tape (3/2 cases)
10. availability of credit insurance--offer/give
credit insurance; low(er) reasonable cost for
credit insurance (1/0 cases)
12. handling of early payments--low/no penalty for
pre-payments; rebate/dismissal of interest of
finance charges when pay off early (0/2 cases)
19. co-signers--will allow co-signing of loan (0/1 cases)
20. amount of money he/she will let me borrow; what my
credit limit was (5/4 cases)
25. credit terms/arrangements--NA what (10/5 cases)
26. give the best (a better) deal-NA how (4/0 cases)
28. "method of repayment"--nfs (0/3 cases)
29. other credit terms or cost of loan (see card) (0/1 cases)
41. availability of credit; credit institution would
lend me the money; I could qualify for a loan;
only place I could get a loan (4/0 cases)
97. other information (1/1 cases)
-8. DK (1/0 cases)
-9. NA (8/0 cases)
0. INAP, did not try to obtain information (3920/4031 cases)
question: G13b
Top of Page
ECONOMIC DATA FOR HOUSEHOLDS' GEOGRAPHIC AREA
Economic data were collected from census tapes for the county and
SMSA (when applicable) where the household was interviewed. Data were
drawn from the Census publication, "County and City Data Book 1983,"
U.S. Bureau of the Census, 1983. A variety of items were collected at
the county level reflecting the 1980 Census and some economic
information for 1982. Only population was collected at the SMSA
level. These data are supposed to be reflective of the household's
economic environment. For some counties though, such as Los Angeles,
the county may be too large to give a meaningful indication of the
household's particular environment. There is a fair amount of
dispersion in these variables as households in the SCF were located in
132 different counties and 59 different SMSAs. No geographic
information is given for the high-income sample.
SMSA Data
B5701 SMSA CODE.
This variable is the MSA/PMSA (Metropolitan Statistical Area
or Primary Metropolitan Statistical Area) code defined for the
household's metropolitan area (if they live in one) as of
1983. This is coded as zero if the household did not
live in an SMSA or was in the high-income sample.
40. Abilene, TX (28 cases)
360. Anaheim-Santa Ana, CA (23 cases)
520. Atlanta, GA (57 cases)
620. Aurora-Elgin, IL (19 cases)
720. Baltimore, MD (33 cases)
860. Bellingham, WA (49 cases)
1120. Boston, MA (42 cases)
1140. Bradenton, FL (27 cases)
1160. Bridgeport-Milford, CT (33 cases)
1480. Charleston, WVA (43 cases)
1600. Chicago, IL (68 cases)
1680. Cleveland, OH (37 cases)
1760. Columbia, SC (76 cases)
2000. Dayton-Springfield, OH (32 cases)
2160. Detroit, MI (79 cases)
2285. East St. Louis-Belleville, IL (10 cases)
2400. Eugene-Springfield, OR (71 cases)
2640. Flint, MI (50 cases)
2960. Gary-Hammond, IN (14 cases)
3200. Hamilton-Middletown, OH (30 cases)
3360. Houston, TX (71 cases)
3480. Indianapolis, IN (36 cases)
3640. Jersey City, NJ (10 cases)
3965. Lake County, IL (20 cases)
4400. Little Rock-Nort Little Rock, AR (61 cases)
4480. Los Angeles-Long Beach, CA (105 cases)
4520. Louisville, KY-IND (43 cases)
5000. Miami-Hialeah, FL (23 cases)
5015. Middlesex-Somerset-Hunterdon, NJ (63 cases)
5120. Minneapolis-St. Paul, MN-WI (59 cases)
5240. Montgomery, AL (35 cases)
5380. Nassau-Suffolk, NY (21 cases)
5520. New London-Norwich, CT-RI (33 cases)
5600. New York, NY (21 cases)
5640. Newark, NJ (22 cases)
5775. Oakland, CA (24 cases)
5960. Orlando, FL (53 cases)
6160. Philadelphia, PA-NJ (60 cases)
6200. Phoenix, AZ (39 cases)
6280. Pittsburgh, PA (54 cases)
6760. Richmond-Petersburg, VA (36 cases)
7040. St. Louis, MO-IL (25 cases)
7160. Salt Lake City-Ogdon, UT (66 cases)
7320. San Diego, CA (40 cases)
7360. San Francisco, CA (26 cases)
7510. Sarasota, FL (49 cases)
7560. Scranton-Wilkes-Barre, PA (33 cases)
7600. Seattle, WA (27 cases)
7620. Sheboygan, WI (35 cases)
7760. Sioux Falls, SD (63 cases)
8160. Syracuse, NY (46 cases)
8400. Toledo, OH (36 cases)
8480. Trenton, NJ (28 cases)
8560. Tulsa, OK (55 cases)
8720. Vallejo-Fairfield-Napa, CA (45 cases)
8780. Visalla-Tulare-Porterville, CA (27 cases)
8840. Washington, DC-MD-VA (45 cases)
8920. Waterloo-Cedar Falls, IA (52 cases)
9240. Worcester, MA (27 cases)
0. high-income or not in SMSA (1569 cases)
B5702 SMSA POPULATION.
This variable is the 1980 Census population for the SMSA (if
any) where the household lives. Definitions as of 1983 were
sed to define the size of each SMSA.
xxxxxxx. population of SMSA (10,035 to 82,496)
0. high-income or not in SMSA (1569 cases)
County Data
B5703 COUNTY (FIPS) CODE
This variable is the Census-defined FIPS code for the county
the household lived in when interviewed for the Survey. The
FIPS code is a 5 digit code, where the first two numbers are
the state (the same as variable B3121) and the last three
digits are a three digit county code within the state. Coded
for all cross-section observations.
1101. Montgomery County, Ala. (35 cases)
4013. Maricopa County, AZ (39 cases)
5019. Clark County, AR (52 cases)
5093. Mississippi County, AR (53 cases)
5119. Pulaski County, AR (47 cases)
5125. Saline County, AR (14 cases)
6001. Alameda County, CA (24 cases)
6037. Los Angeles County, CA (104 cases)
6055. Napa County, CA (45 cases)
6059. Orange County, CA (23 cases)
6063. Monterey County, CA (36 cases)
6073. San Diego County, CA (40 cases)
6075. San Francisco County, CA (10 cases)
6081. San Mateo County, CA (16 cases)
6107. Tulare County, CA (27 cases)
8075. Logan County, CO (46 cases)
9001. Fairfield County, CT (33 cases)
9011. New London County, CT (33 cases)
11000. District of Columbia (6 cases)
12025. Dade County, FL (23 cases)
12081. Manatee County, FL (23 cases)
12095. Orange County, FL (50 cases)
12115. Sarasota County, FL (49 cases)
12117. Seminole County, FL (3 cases)
13089. DeKalb County, GA (31 cases)
13121. Fulton County, GA (21 cases)
13135. Gwinnett County, GA (5 cases)
13185. Lowndes County, GA (52 cases)
17031. Cook County, IL (62 cases)
17043. Du Page County, IL (6 cases)
17089. Kane County, IL (19 cases)
17097. Lake County, IL (20 cases)
17107. Logan County, IL (36 cases)
17157. Randolph County, IL (41 cases)
17163. St. Clair County, IL (10 cases)
18059. Hancock County, IN (8 cases)
18089. Lake County, IN (14 cases)
18097. Marlon County, IN (28 cases)
19013. Black Hawk County, IA (52 cases)
19047. Crawford County, IA (35 cases)
21111. Jefferson County, KY (43 cases)
21177. Kenton County, KY (36 cases)
22001. Acadia County, LA (44 cases)
22035. East Carroll County, LA (38 cases)
23031. York County, ME (33 cases)
24005. Baltimore County, MD (4 cases)
24025. Harford County, MD (12 cases)
24031. Montgomery County, MD (5 cases)
24510. Baltimore City (independent city), MD (17 cases)
25017. Middlesex County, MA (30 cases)
25025. Suffolk County, MA (12 cases)
25027. Worcester County, MA (59 cases)
26049. Genesee County, MI (50 cases)
26099. Macomb County, MI (14 cases)
26115. Monroe County, MI (11 cases)
26125. Oakland County, MI (20 cases)
26149. St. Joseph County, MI (40 cases)
26163. Wayne County, MI (34 cases)
27053. Hennepin County, MN (40 cases)
27123. Ramsey County, MN (5 cases)
27163. Washington County, MN (14 cases)
28127. Simpson County, MS (46 cases)
29001. Adair County, MO (28 cases)
29099. Jefferson County, MO (6 cases)
29189. St. Louis County, MO (17 cases)
29207. Stoddard County, MO (45 cases)
29510. St. Louis City (independent city), MO (2 cases)
31061. Franklin County, NB (47 cases)
34007. Camden County, NJ (4 cases)
34013. Essex County, NJ (22 cases)
34017. Hudson County, NJ (10 cases)
34021. Mercer County, NJ (28 cases)
34023. Middlesex County, NJ (26 cases)
34035. Somerset County, NJ (87 cases)
36005. Bronx County, NY (16 cases)
36047. Kings County, NY (30 cases)
36053. Madison County, NY (19 cases)
36059. Nassau County, NY (17 cases)
36061. New York County, NY (22 cases)
36067. Onondaga County, NY (27 cases)
36081. Queens County, NY (24 cases)
36085. Richmond County, NY (7 cases)
36103. Suffolk County, NY (4 cases)
36111. Ulster County, NY (25 cases)
36119. Westchester County, NY (22 cases)
37053. Currituck County, NC (58 cases)
37147. Pitt County, NC (41 cases)
37189. Watauga County, NC (60 cases)
39017. Butler County, OH (30 cases)
39035. Geauga County, OH (10 cases)
39063. Hancock County, OH (28 cases)
39083. Knox County, OH (51 cases)
39085. Lake County, OH (10 cases)
39095. Lucas County, OH (36 cases)
39113. Montgomery County, OH (32 cases)
40037. Creek County County, OK (15 cases)
40143. Tulsa County, OK (40 cases)
41039. Lane County,County, OR (71 cases)
42003. Allegheny County County, PA (39 cases)
42029. Chester County, PA (39 cases)
42079. Luzerne County, PA (33 cases)
42101. Philadelphia County, PA (17 cases)
42109. Snyder County, PA (54 cases)
42125. Washington County, PA (18 cases)
45063. Lexington County, SC (26 cases)
45079. Richland County, SC (50 cases)
46099. Minnehaha County, SD (63 cases)
47007. Bledsoe County, TN (66 cases)
48201. Harris County, TX (71 cases)
48253. Jones County, TX (8 cases)
48441. Taylor County, TX (28 , ases)
49035. Salt Lake County,UT (66, cases)
51059. Fairfax County, VA (22 cases)
51085. Hanover County, VA (14 cases)
51087. Henrico County, VA (8 cases)
51600. Fairfax (independent city), VA (12 cases)
51760. Richmond (independent city), VA (14 cases)
53033. King County, WA (27 cases)
53073. Whatcom County, WA (49 cases)
54039. Kanawha County, WA (43 cases)
55117. Sheboygan County, WI (35 cases)
0. high-income sample (438 cases)
B5704 COUNTY POPULATION
The county population as measured in the 1980 Census.
xxxxxxxx. population (4,377 to 7,577,503)
0. high-income sample (438 cases)
B5705 PERCENTAGE CHANGE IN POPULATION.
Simple percentage change in the county's population between
the 1970 and 1980 Censuses.
xxxx. percentage change times ten (-272 to 1,307)
B5706 TOTAL HOUSEHOLDS.
The total number of households in the county as measured in
the 1980 Census. A housing unit is defined as a house, an
apartment, a group of rooms, or a single room occupied as
separate living quarters. The occupants of a housing unit may
include one or more families living together, one person
living alone, or any other group of related or unrelated persons.
xxxxxxx. total households (1,743 to 2,730,469)
0. high-income sample (438 cases)
B5707 FAMILY HOUSEHOLDS.
This variable represents households whereby the occupants are
related by birth, marriage, or adoption and live together as
one houshold. Given for the county as of the 1980 Census.
xxxxxxx. total family households (1,255 to 1,811,587)
0. high-income sample (438 cases)
B5708 NON-FAMILY HOUSEHOLDS.
This variable represents the number of households where the
occupants are unrelated by birth, marriage, or adoption, but
live together as one household. It is the difference between
total households and family households (B5706-B5707).
xxxxxx. total non-family households (488 to 918,882)
0. high-income sample (438 cases)
B5709 POPULATION BY RACE - WHITE.
The population by race variables are percentages of the total
population in the county in 1980. They reflect
self-identification by the respondents. The White population
includes persons identifying themselves as White, as well as persons
who did not classify themselves under a specific category, but
entered a nationality such as Canadian, German, or Polish.
xxxx. percentage of population that is white times 100 (2737 to 9966)
0. high-income sample (438 cases)
B5710 POPULATION BY RACE - BLACK.
Percentage of persons in the county who were black in the 1980
Census. The black population includes persons identifying
themselves as black, as well as persons who did not classify
themselves under a specific category, but entered a
nationality such as black Puerto Rican, Haitian, Jamaican,
Nigerian, or West Indian.
xxxx. percentage of population that is black times 100 (8 to 7024)
0. high-income sample (438 cases)
B5711 POPULATION BY RACE - SPANISH ORIGIN.
Percentage of persons in the county of Spanish origin in 1980
Census. The Spanish population includes persons identifying
themselves as Mexican, Puerto Rican, Cuban, or other Spanish.
xxxx. percentage of population that is Spanish times 100 (18 to 3568)
0. high-income sample (438 cases)
B5712 POPULATION BY AGE - 65 YEARS OLD AND OLDER.
The percentage of persons in the county 65 years old in the
1980 Census.
xxx. percentage of population 65 years old and older times ten
(45 to 300)
0. high-income sample (438 cases)
B5713 POPULATION BY SEX - MALES.
The percentage of persons in the county in the 1980 Census who
were male.
xxx. percentage of population that is male times ten (450 to 529)
0. high-income sample (438 cases)
B5714 MEDIAN AGE.
The median age of the population in the county in 1980 Census.
xxx. median age times ten (245 to 498)
0. high-income sample (438 cases)
B5715 MARRIED COUPLES.
The percentage of married couples out of total family
households (B5707) as measured for the county in the 1980 Census.
xxx. percentage of married couples times ten (560 to 920)
0. high-income sample (438 cases)
B5716 FEMALE-HEADED OF HOUSEHOLDS.
The percentage of female-headed (no husband or partner
present) households among all family households (B5707) for
the county in 1980.
xxx. percentage of female-headed households times ten (53 to 365)
0. high-income sample (438 cases)
B5717 URBAN POPULATION.
This variable represents the percentage of total persons
living in a Census-defined urban area within the county in 1980.
xxxx. percentage of urban population times ten (153 to 1000)
0. none, high-income sample (609 cases)
Mobility
B5718 NON-MOVERS.
This and the following variables characterize the residential
mobility of the population between 1975 and 1980 as measured
by the 1980 Census. The data are based on a sample of persons
5 years old and over and represent the percent of the
population that lived in a different house or apartment on April 1,
1975, than on April 1, 1980. Items are measured for the
county. This particular variable represents the percentage of
the population that lived in the same house or apartment in
1975 and 1980.
xxx. percentage of non-movers times ten (368 to 756)
0. high-income sample (438 cases)
B5719 MOVING IN THE SAME COUNTY.
The percentage of the population that lived in a different
house but in the same county in 1975.
xxx. percentage of movers in the same county times ten (37 to 349)
0. high-income sample (438 cases)
B5720 MOVING IN THE SAME STATE.
The percentage of the population that lived in a different
county but in the same state in 1975.
xxx. percentage of movers in the same state times ten (20 to 322)
0. high-income sample (444 cases)
B5721 MOVING IN DIFFERENT STATE.
The percentage of the population that lived in a different
state or abroad in 1975.
xxx. percentage of movers from different states times ten (32 to 298)
0. high-income sample (438 cases)
Vital Statistics
B5722 BIRTH RATE.
The number of births in the county per 1000 resident
population as of April 1, 1980.
xxx. birth rate times ten (55 to 268)
0. high-income sample (438 cases)
B5723 BIRTH RATE TO MOTHERS UNDER 20 YEARS OLD
The number of births in the county per 1000 resident
population to mothers under the age of 20 as of April 1, 1980.
xxx. birth rate to mothers under 20 years old times ten (33 to 353)
0. high-income sample (438 cases)
Housing
B5724 MEDIAN VALUE OF OWNER-OCCUPIED HOUSING UNITS.
This variable is based on the owner's estimate of the value of
property if it was for sale. Given for the county as of the
1980 Census.
xxxxxx. dollars (18,800 to 124,400)
0. high-income sample (438 cases)
B5725 MEDIAN GROSS RENT OF RENTER-OCCUPIED HOUSING UNITS.
This variable is based on contract rent per month plus the
average estimated monthly utility costs paid by the renter or
by someone else for the renter. Given for the county as of
the 1980 Census.
xxx. dollars (109 to 358)
0. high-income sample (438 cases)
Income
B5726 MEDIAN HOUSEHOLD INCOME.
Household income is total money income received during the
1979 calendar year by all household members 15 years old and
over and by persons living alone and in other non-family
households. This is the median for the county as of the 1980
Census.
xxxxx. dollars (7,780 to 30,011)
0. high-income sample (438 cases)
B5727 MEDIAN FAMILY INCOME.
Family income includes total money income received by
allhousehold members 15 years old and over who are related by
blood, marriage, or adoption. This is the median for the
county as of the 1980 Census.
xxxxx. dollars (10,388 to 33,702)
0. high-income sample (438 ca, es)
B5728 FAMILIES BELOW POVERTY LEVEL.
Percentage of families in the county with a 1979 family income
below the poverty threshold, which is determined by family
size, age of householder, and number of related children under
18 years old. Taken from 1980 Census.
xxx. percentage of familes below poverty level times ten (23 to 345)
0. high-income sample (438 cases)
B5729 FEMALE-HEADED FAMILIES BELOW POVERTY LEVEL.
Percentage of families in the county headed by females (no
husband or partner present) having a 1979 family income below
the poverty threshold. The poverty threshold is determined by
the family size, age of householder, and number of related
children under 18 years old.
xxx. percentage of female-headed families below poverty level
times ten (108 to 650)
0. high-income sample (438 cases)
B5730 PER CAPITA PERSONAL INCOME.
The average income per-person in the county as estimated on
July 1, 1981.
xxxxx. dollars (5,222 to 17,903)
0. high-income sample (438 cases)
B5731 PER CAPITA TRANSFER PAYMENTS.
This is per-captita transfer payments not resulting from
current production and including government and business
transfer payments.
xxxxxx. dollars (669 to 149,551)
0. high-income sample (438 cases)
B5732 PER CAPITA MONEY INCME.
Per capita 1979 money income as measured by the 1980 Census
for the county.
xxxxx. dollars (4011 to 12,335)
0. high-income sample (438 cases)
Employment
B5733 TOTAL CIVILIAN LABOR FORCE - 1982.
Based on data from the US Bureau of Labor Statistics (BLS).
xxxxxxx. persons (1,998 to 3,784,000)
0. high-income sample (438 cases)
B5734 UNEMPLOYMENT RATE - 1982.
Based on the BLS definition of unemployment. Measured for the
county as of 1982.
xxx. unemployment rate time ten (25 to 224)
0. high-income sample (438 cases)
B5735 TOTAL CIVILIAN LABOR FORCE - 1980.
Based on data from the US Bureau of Census and includes
employed and unemployed civilians.
xxxxxxx. persons (1,951 to 3,705,516)
0. high-income sample (438 cases)
B5736 CIVILIAN LABOR FORCE - FEMALE.
Females as a percentage of the civilian labor force in the
1980 Census.
xxx. percentage female times ten (330 to 511)
0. high-income sample (438 cases)
B5737 UNEMPLOYED.
The unemployed as a percentage of the civilian labor force in
the 1980 Census.
xxx. percentage unemployed times ten (16 to 169)
0. high-income sample (438 cases)
B5738 EMPLOYED IN MANUFACTURING.
Percentage of the county civilian labor force employed in the
manufacturing sector according to the 1980 Census.
xxx. percentage employed in manufacturing times ten (38 to 432)
0. high-income sample (438 cases)
B5739 EMPLOYED IN WHOLESALE AND RETAIL TRADE.
Percentage of the county civilian labor force employed in the
wholesale and retail trade sector according to the 1980 Census.
xxx. percentage employed in wholesale and retail trade times
ten (117 to 261)
0. high-income sample (438 cases)
B5740 EMPLOYED IN PROFESSIONAL AND RELATED SERVICES.
Percentage of the county civilian labor force employed in the
professional and related services according to the 1980 Census.
xxx. percentage employed in professional and related services
times ten (135 to 363)
0. high-income sample (438 cases)
B5741 ANNUAL WAGE IN MANUFACTURING.
Determined from the 1977 Census estimates of the county's
annual payroll in manufacturing and the number of
manufacturing employees.
xxxxx. dollars (7,333 to 19,990)
-9. too few manufacturing employees to calculate (404 cases)
0. high-income sample (438 cases)
B5742 ANNUAL WAGE IN WHOLESALE TRADE.
Determined from the 1977 Census estimates of the county's
annual payroll in wholesale trade and the number of employees
in wholesale trade.
xxxxx. dollars (6,481 to 17,649)
-9. too few wholesale trade employees to calculate (82 cases)
0. high-income sample (438 cases)
B5743 ANNUAL WAGE IN RETAIL TRADE.
Determined from the 1977 Census estimates of the county's
annual payroll in retail trade and the number of employees in
retail trade.
xxxx. dollars (4,242 to 8,300)
0. high-income sample (438 cases)
B5744 ANNUAL WAGE IN SELECTED SERVICE INDUSTRIES.
Determined from the 1977 Census estimates of the county's
annual payroll in the service industry and the number of
employees in it. Service industry includes any "for-profit"
establishments that are subject to Federal income tax.
xxxxx. dollars (2,532 to 15,080)
0. high-income sample (438 cases)
B5745 FARM POPULATION.
Based on the 1980 Census, this variable includes all persons
living in rural areas of the county on farms as of April 1, 1980.
xxxxx. persons (8 to 14309)
0. none, high-income sample (692 cases)
B5746 EARNINGS PER FARM POPULATION.
Determined from B.E.A. estimates of farm earnings in
1980. Farm earnings include the income of farm workers (wages,
salaries, and other labor income) and farm proprietors. Farm
proprietors' income includes only the income of sole
proprietorships and partnerships.
xxxxxx. dollars (-3,490 to 585,507)
0. none, high-income sample (692 cases)
Local Government Finances
B5747 PER CAPITA PROPERTY TAXES.
Based on 1977 Census data. These are taxes conditioned on
ownership of property and assessed by its value.
xxx. dollars (43 to 771)
0. none, high-income sample (507 cases)
B5748 PER CAPITA SALES AND GROSS RECEIPTS TAX.
Based on 1977 Census data. These are taxes based on volume or
value of transfers of goods and services, on gross receipts,
or on gross income, and related taxes based on use, storage,
production, importation or consumption of goods.
xxx. dollars (1 to 829)
0. none, high-income sample (1179 cases)
B5749 PER CAPITA GENERAL EXPENDITURES.
Data based on 1977 Census.
xxxx. dollars (315 to 7,176)
0. none, high-income sample (507 cases)
B5750 THREE DIGIT PRIMARY SAMPLING UNIT (PSU) CODE
1. The hundereds' digit identifies the major geographic region.
2. The tens' digit is used in combination with the hundreds'
digit to uniquely identify a PSU.
3. The digit of units' place is based on the population
density or degree of urbanization.
xxx. primary sampling unit code (1 to 995)
0. high-income sample (438 cases)
B5751 1970 CENSUS TRACT
xxxxxx. census tract (100 to 950500)
-9. unknown (7 cases)
0. untracted area, high-income sample (1671 cases)
B5752 ONE DIGIT PLACE CODE.
SMSA's
1. Central Cities, SELF-REPRESENTING PSU's
2. Cities of 50,000 population or more, excluding Central
Cities of SELF-REPRESENTING PSU's, but including Central
Cities of nonself-representing PSU'S, even when the city
has less than 50,000 population.
3. Census Places with populations of 10,000 through 49,999,
excluding Central Cities in the "thousand's" series above.
4. Census Places 2,500 ,through 9,999.
5. Census Tracts classified by Sampling Section as URBAN.
6. Census Tracts classified by Sampling Section as RURAL.
NON-SMSA's
7. Census Places 10,000 through 49,999
8. Census Places 2,500 through 9,999
9. Remainder of non-SMSA PSU
0. high-income sample (438 cases)
B5753 FIVE DIGIT PLACE CODE.
The first three digits are the PSU code (B5750). The fourth
digit is the place code (B5752). The fifth digit designates
codes for individual places.
xxxxx. code (100 to 99550)
0. high-income sample (438 cases)
APPENDIX
Listings of 1970 and 1980 Census Occupation and Industry Classification Codes