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Variable Number = 2
Variable Name:	FIPS_STN
Basic Information	Variable Label: FIPS State Numeric Code Type: Numeric Width: 2 Decimals: 0 Data Location: 6 - 7 Missing Data Code: None
Question Text	FIPS State Numeric Code
Explanation Text	Please see Appendix 1 for a list of state code descriptions.
Frequencies	Code Text Count %   0 INAP; 2 0.02   1 - 99 Actual Value 8657 99.98

Variable Number = 3
Variable Name:	PSID_STN
Basic Information	Variable Label: PSID State Code Type: Numeric Width: 2 Decimals: 0 Data Location: 8 - 9 Missing Data Code: None
Question Text	PSID State Code
Explanation Text	Please see Appendix 1 for a list of state code descriptions.
Frequencies	Code Text Count %   0 INAP; 5 0.06   1 - 99 Actual Value 8654 99.94

Variable Number = 4
Variable Name:	FAMINC94
Basic Information	Variable Label: Total Family Income 1993 Type: Numeric Width: 7 Decimals: 0 Data Location: 10 - 16 Missing Data Code: None
Question Text	Total Family Money Income in 1993
Explanation Text	The income reported here was collected in 1994 about tax year 1993. Please note, this variable can contain negative values. The negative values indicate a net loss, which in waves prior to 1994 were bottom-coded at $1. These losses occur as a result of business or farm losses. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994. This variable is the sum of the five 1994 variables below: Taxable Income of Head and Wife, Transfer Income of Head and Wife, Taxable Income of Other Family Unit Members (OFUMs), Transfer Income of OFUMs, and Social Security Income.
Summary Statistics	Name Unweighted Weighted     N 8659 7442     Minimum $-896,000 $-22,402     Maximum $1,088,862 $1,088,862     Mean $39,906 $44,779     Standard Deviation $51,990 $59,078     99th Percentile $201,310 $246,109     95th Percentile $103,504 $113,939     90th Percentile $80,597 $87,198     75th Percentile $52,267 $56,899     Median $29,027 $31,999     25th Percentile $13,287 $16,398     10th Percentile $5,528 $7,075     5th Percentile $2,798 $4,400     1st Percentile $0 $1
Frequencies	Code Text Count % Wt%   -896000 - -1 Actual Amount: Loss 14 0.16 0.16   0 INAP; No Loss or Gain 97 1.12 0.84   1 - 1088862 Actual Amount: Gain 8548 98.72 99.00

Variable Number = 5
Variable Name:	TXHW94
Basic Information	Variable Label: Taxable Income Head and Wife 1993 Type: Numeric Width: 7 Decimals: 0 Data Location: 17 - 23 Missing Data Code: None
Question Text	Head's and Wife's/"Wife's" Total Taxable Income in 1993
Explanation Text	The income reported here was collected in 1994 about tax year 1993. This variable can contain negative values, indicating a net loss from a business or farm. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994. This variable includes Head's and Wife's/"Wife's" income from assets, earnings, and net profit from farm or business.
Summary Statistics	Name Unweighted Weighted     N 8659 7442     Minimum $-896,000 $-36,402     Maximum $1,088,862 $1,088,862     Mean $33,157 $37,056     Standard Deviation $50,270 $57,858     99th Percentile $181,996 $220,894     95th Percentile $94,694 $103,106     90th Percentile $73,014 $79,098     75th Percentile $46,499 $49,984     Median $22,998 $25,000     25th Percentile $4,359 $6,000     10th Percentile $0 $0     5th Percentile $0 $0     1st Percentile $0 $0
Frequencies	Code Text Count % Wt%   -896000 - -1 Actual Amount: Loss 25 0.29 0.30   0 INAP; No Loss or Gain 1192 13.77 10.35   1 - 1088862 Actual Amount: Gain 7442 85.95 89.35

Variable Number = 6
Variable Name:	TRHW94
Basic Information	Variable Label: Transfer Income of the Head and Wife 1993 Type: Numeric Width: 6 Decimals: 0 Data Location: 24 - 29 Missing Data Code: None
Question Text	Head's and Wife's/"Wife's" Total Transfer Income in 1993
Explanation Text	The income reported here was collected in 1994 about tax year 1993. The components of transfer income are very diverse. This has made it difficult to carefully evaluate outliers without a case by case review of the interview and interviewer thumbnail comments--plus information on the family from prior years. Analysts are urged to exclude or otherwise allow for cases in which the value is above the top 99 percentile point. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994. This variable excludes Head's and Wife's/"Wife's" Social Security Income.
Summary Statistics	Name Unweighted Weighted     N 8659 7442     Minimum $0 $0     Maximum $249,219 $249,219     Mean $2,556 $3,289     Standard Deviation $7,868 $9,941     99th Percentile $30,903 $39,875     95th Percentile $12,062 $16,473     90th Percentile $7,034 $9,235     75th Percentile $2,255 $2,572     Median $0 $0     25th Percentile $0 $0     10th Percentile $0 $0     5th Percentile $0 $0     1st Percentile $0 $0
Frequencies	Code Text Count % Wt%   0 INAP; No Loss or Gain 5159 59.58 59.48   1 - 249219 Actual Amount: Gain 3500 40.42 40.52

Variable Number = 7
Variable Name:	TXOFM94
Basic Information	Variable Label: Taxable Income Other Family Unit Members Type: Numeric Width: 6 Decimals: 0 Data Location: 30 - 35 Missing Data Code: None
Question Text	Other Family Unit Members' Total Taxable Income in 1993
Explanation Text	The income reported here was collected in 1994 about tax year 1993. This variable can contain negative values, indicating a net loss from a business. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994. This variable includes all OFUMs' income from assets and earnings.
Summary Statistics	Name Unweighted Weighted     N 8659 7442     Minimum $0 $0     Maximum $173,000 $173,000     Mean $2,090 $1,844     Standard Deviation $7,818 $6,794     99th Percentile $38,000 $35,000     95th Percentile $12,500 $12,000     90th Percentile $5,000 $4,000     75th Percentile $0 $0     Median $0 $0     25th Percentile $0 $0     10th Percentile $0 $0     5th Percentile $0 $0     1st Percentile $0 $0
Frequencies	Code Text Count % Wt%   0 INAP; No Loss or Gain 6830 78.88 80.98   1 - 173000 Actual Amount: Gain 1829 21.12 19.02

Variable Number = 8
Variable Name:	TROFM94
Basic Information	Variable Label: Transfer Income Other Family Unit Member Type: Numeric Width: 7 Decimals: 0 Data Location: 36 - 42 Missing Data Code: None
Question Text	Other Family Unit Members' Total Transfer Income in 1993
Explanation Text	The income reported here was collected in 1994 about tax year 1993. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994. This variable excludes all OFUMs' Social Security Income.
Summary Statistics	Name Unweighted Weighted     N 8659 7442     Minimum $0 $0     Maximum $1,003,895 $1,003,895     Mean $321 $234     Standard Deviation $10,875 $9,539     99th Percentile $5,750 $5,000     95th Percentile $200 $0     90th Percentile $0 $0     75th Percentile $0 $0     Median $0 $0     25th Percentile $0 $0     10th Percentile $0 $0     5th Percentile $0 $0     1st Percentile $0 $0
Frequencies	Code Text Count % Wt%   0 INAP; No Loss or Gain 8196 94.65 95.99   1 - 1003895 Actual Amount: Gain 463 5.35 4.01

Variable Number = 9
Variable Name:	SSEC94
Basic Information	Variable Label: Social Security Income 1993 Type: Numeric Width: 5 Decimals: 0 Data Location: 43 - 47 Missing Data Code: None
Question Text	Family Social Security Income in 1993
Explanation Text	The income reported here was collected in 1994 about tax year 1993. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994. This variable includes Social Security income for Heads, Wives/"Wives", and OFUMs.
Summary Statistics	Name Unweighted Weighted     N 8659 7442     Minimum $0 $0     Maximum $30,480 $30,480     Mean $1,782 $2,356     Standard Deviation $4,042 $4,728     99th Percentile $17,700 $19,200     95th Percentile $11,436 $13,320     90th Percentile $7,800 $9,936     75th Percentile $0 $625     Median $0 $0     25th Percentile $0 $0     10th Percentile $0 $0     5th Percentile $0 $0     1st Percentile $0 $0
Frequencies	Code Text Count % Wt%   0 INAP; No Loss or Gain 6814 78.69 74.85   1 - 30480 Actual Amount: Gain 1845 21.31 25.15

Variable Number = 10
Variable Name:	FRMINC94
Basic Information	Variable Label: Farm Income of the Head 1993 Type: Numeric Width: 6 Decimals: 0 Data Location: 48 - 53 Missing Data Code: None
Question Text	Head's Income from Farming in 1993
Explanation Text	The income reported here was collected in 1994 about tax year 1993. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994.
Summary Statistics	Name Unweighted Weighted     N 8659 7442     Minimum $-20,999 $-20,999     Maximum $80,925 $80,925     Mean $166 $208     Standard Deviation $2,748 $3,013     99th Percentile $0 $0     95th Percentile $0 $0     90th Percentile $0 $0     75th Percentile $0 $0     Median $0 $0     25th Percentile $0 $0     10th Percentile $0 $0     5th Percentile $0 $0     1st Percentile $0 $0
Frequencies	Code Text Count % Wt%   -20999 - -1 Actual Amount: Loss 4 0.05 0.05   0 INAP; No Loss or Gain 8605 99.38 99.15   1 - 80925 Actual Amount: Gain 50 0.58 0.80

Variable Number = 11
Variable Name:	ACCFRM94
Basic Information	Variable Label: ACC Farm Income of the Head 1993 Type: Character Width: 5 Decimals: NA Data Location: 54 - 58 Missing Data Code: None
Question Text	Accuracy Code for HEAD's Farm Income
Frequencies	Code Text Count %     The corresponding variable may have a real or missing data value. 8636 99.73   medn Assigned median value from the current year sample. 8 0.09   xscid Imputed value using other variables of the same respondents in the current year of the PSID. 6 0.07   xyrid Imputed value using the same variables reported by the same respondents from other years of the PSID. 9 0.10

Variable Number = 12
Variable Name:	BUSINC94
Basic Information	Variable Label: Business Income 1993 Type: Numeric Width: 7 Decimals: 0 Data Location: 59 - 65 Missing Data Code: None
Question Text	Head's and Wife's/"Wife's" Income from Unincorporated Businesses in 1993
Explanation Text	The income reported here was collected in 1994 about tax year 1993. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The descriptive statistics entries below are based on the family weights for 1994.
Summary Statistics	Name Unweighted Weighted     N 8659 7442     Minimum $-899,988 $-69,998     Maximum $249,996 $249,996     Mean $1,242 $1,751     Standard Deviation $14,388 $12,185     99th Percentile $39,999 $49,999     95th Percentile $7 $3,499     90th Percentile $0 $0     75th Percentile $0 $0     Median $0 $0     25th Percentile $0 $0     10th Percentile $0 $0     5th Percentile $0 $0     1st Percentile $-999 $-1,500
Frequencies	Code Text Count % Wt%   -899988 - -1 Actual Amount: Loss 128 1.48 1.79   0 INAP; No Loss or Gain 8097 93.51 92.09   1 - 249996 Actual Amount: Gain 434 5.01 6.12

Variable Number = 13
Variable Name:	ACCBUS94
Basic Information	Variable Label: ACC Business Income 1993 Type: Character Width: 5 Decimals: NA Data Location: 66 - 70 Missing Data Code: None
Question Text	Accuracy Code for HEAD's and Wife's/"Wife's" Business Income
Frequencies	Code Text Count %     The corresponding variable may have a real or missing data value. 8580 99.09   htdck Hot deck method (only for business income section). 49 0.57   xscid Imputed value using other variables of the same respondents in the current year of the PSID. 5 0.06   xyrid Imputed value using the same variables reported by the same respondents from other years of the PSID. 25 0.29

Variable Number = 14
Variable Name:	HDBUSY94
Basic Information	Variable Label: Labor Part of Business Income Head 1993 Type: Numeric Width: 6 Decimals: 0 Data Location: 71 - 76 Missing Data Code: None
Question Text	HEAD's Labor Part of Business Income from Uncorporated Businesses.
Explanation Text	The income reported here is labor part of business income for the HEAD in 1993. Total business income of the HEAD is equally split between labor and asset income when the HEAD put some works for uncorporated businesses. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1994 for the prior year are in 1993 dollars. The discriptive statistics entries below are based on the family weights for 1994.
Summary Statistics