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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: 5 - 6 Missing Data Code: None
Question Text	FIPS State Numeric Code
Explanation Text	Please see Appendix 1 for a list of state code descriptions.
Frequencies	Code Text Count %   0 INAP; 12 0.14   1 - 99 Actual Value 8505 99.86

Variable Number = 3
Variable Name:	PSID_STN
Basic Information	Variable Label: PSID State Code Type: Numeric Width: 2 Decimals: 0 Data Location: 7 - 8 Missing Data Code: None
Question Text	PSID State Code
Explanation Text	Please see Appendix 1 for a list of state code descriptions.
Frequencies	Code Text Count %   0 INAP; 14 0.16   1 - 99 Actual Value 8503 99.84

Variable Number = 4
Variable Name:	FAMINC96
Basic Information	Variable Label: Total Family Income 1995 Type: Numeric Width: 7 Decimals: 0 Data Location: 9 - 15 Missing Data Code: None
Question Text	Total Family Money Income in 1995
Explanation Text	The income reported here was collected in 1996 about tax year 1995. 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 1996 for the prior year are in 1995 dollars. The descriptive statistics entries below are based on the family weights for 1996. This variable is the sum of the five 1996 variables below: Taxable Income of Head and Wife, Transfer Income of Head and Wife, Taxable Income of Other Family Unit Members (OFUMs), Transfer Income of OFUMs, and Social Security Income.
Summary Statistics	Name Unweighted Weighted     N 8517 7906     Minimum $-51,119 $-48,958     Maximum $1,449,566 $1,449,566     Mean $43,022 $47,243     Standard Deviation $51,616 $57,620     99th Percentile $199,992 $226,020     95th Percentile $112,795 $122,996     90th Percentile $86,296 $92,346     75th Percentile $55,738 $59,676     Median $32,081 $34,999     25th Percentile $15,444 $17,999     10th Percentile $6,672 $8,299     5th Percentile $4,138 $5,496     1st Percentile $100 $240
Frequencies	Code Text Count % Wt%   -51119 - -1 Actual Amount: Loss 12 0.14 0.16   0 INAP; No Loss or Gain 55 0.65 0.56   1 - 1449566 Actual Amount: Gain 8450 99.21 99.29

Variable Number = 5
Variable Name:	TXHW96
Basic Information	Variable Label: Taxable Income Head and Wife 1995 Type: Numeric Width: 7 Decimals: 0 Data Location: 16 - 22 Missing Data Code: None
Question Text	Head's and Wife's/"Wife's" Total Taxable Income in 1995
Explanation Text	The income reported here was collected in 1996 about tax year 1995. 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 1996 for the prior year are in 1995 dollars. The descriptive statistics entries below are based on the family weights for 1996. 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 8517 7906     Minimum $-53,099 $-49,998     Maximum $1,383,966 $1,383,966     Mean $35,801 $38,456     Standard Deviation $50,418 $55,779     99th Percentile $191,092 $209,691     95th Percentile $104,996 $111,694     90th Percentile $78,795 $84,066     75th Percentile $49,563 $52,265     Median $24,998 $26,098     25th Percentile $6,499 $6,818     10th Percentile $0 $0     5th Percentile $0 $0     1st Percentile $0 $0
Frequencies	Code Text Count % Wt%   -53099 - -1 Actual Amount: Loss 24 0.28 0.40   0 INAP; No Loss or Gain 1077 12.65 10.18   1 - 1383966 Actual Amount: Gain 7416 87.07 89.41

Variable Number = 6
Variable Name:	TRHW96
Basic Information	Variable Label: Transfer Income of the Head and Wife 1995 Type: Numeric Width: 6 Decimals: 0 Data Location: 23 - 28 Missing Data Code: None
Question Text	Head's and Wife's/"Wife's" Total Transfer Income in 1995
Explanation Text	The income reported here was collected in 1996 about tax year 1995. 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 1996 for the prior year are in 1995 dollars. The descriptive statistics entries below are based on the family weights for 1996. This variable excludes Head's and Wife's/"Wife's" Social Security Income.
Summary Statistics	Name Unweighted Weighted     N 8517 7906     Minimum $0 $0     Maximum $832,100 $832,100     Mean $2,948 $3,811     Standard Deviation $11,541 $15,958     99th Percentile $35,998 $41,998     95th Percentile $14,373 $19,118     90th Percentile $8,057 $10,440     75th Percentile $2,601 $3,336     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 4912 57.67 56.90   1 - 832100 Actual Amount: Gain 3605 42.33 43.10

Variable Number = 7
Variable Name:	TXOFM96
Basic Information	Variable Label: Taxable Income Other Family Unit Members Type: Numeric Width: 6 Decimals: 0 Data Location: 29 - 34 Missing Data Code: None
Question Text	Other Family Unit Members' Total Taxable Income in 1995
Explanation Text	The income reported here was collected in 1996 about tax year 1995. 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 1996 for the prior year are in 1995 dollars. The descriptive statistics entries below are based on the family weights for 1996. This variable includes all OFUMs' income from assets and earnings.
Summary Statistics	Name Unweighted Weighted     N 8517 7906     Minimum $0 $0     Maximum $170,000 $170,000     Mean $2,206 $2,220     Standard Deviation $7,586 $7,894     99th Percentile $37,000 $38,688     95th Percentile $14,020 $15,000     90th Percentile $5,689 $5,000     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 6514 76.48 78.88   1 - 170000 Actual Amount: Gain 2003 23.52 21.12

Variable Number = 8
Variable Name:	TROFM96
Basic Information	Variable Label: Transfer Income Other Family Unit Member Type: Numeric Width: 5 Decimals: 0 Data Location: 35 - 39 Missing Data Code: None
Question Text	Other Family Unit Members' Total Transfer Income in 1995
Explanation Text	The income reported here was collected in 1996 about tax year 1995. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1996 for the prior year are in 1995 dollars. The descriptive statistics entries below are based on the family weights for 1996. This variable excludes all OFUMs' Social Security Income.
Summary Statistics	Name Unweighted Weighted     N 8517 7906     Minimum $0 $0     Maximum $49,140 $49,140     Mean $160 $130     Standard Deviation $1,194 $1,123     99th Percentile $5,244 $5,000     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%   0 INAP; No Loss or Gain 8170 95.93 96.88   1 - 49140 Actual Amount: Gain 347 4.07 3.12

Variable Number = 9
Variable Name:	SSEC96
Basic Information	Variable Label: Social Security Income 1995 Type: Numeric Width: 5 Decimals: 0 Data Location: 40 - 44 Missing Data Code: None
Question Text	Family Social Security Income in 1995
Explanation Text	The income reported here was collected in 1996 about tax year 1995. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1996 for the prior year are in 1995 dollars. The descriptive statistics entries below are based on the family weights for 1996. This variable includes Social Security income for Heads, Wives/"Wives", and OFUMs.
Summary Statistics	Name Unweighted Weighted     N 8517 7906     Minimum $0 $0     Maximum $55,198 $55,198     Mean $1,907 $2,626     Standard Deviation $4,436 $5,245     99th Percentile $18,924 $20,399     95th Percentile $12,360 $14,784     90th Percentile $8,399 $11,000     75th Percentile $0 $2,160     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 6759 79.36 74.18   1 - 55198 Actual Amount: Gain 1758 20.64 25.82

Variable Number = 10
Variable Name:	FRMINC96
Basic Information	Variable Label: Farm Income of the Head 1995 Type: Numeric Width: 5 Decimals: 0 Data Location: 45 - 49 Missing Data Code: None
Question Text	Head's Income from Farming in 1995
Explanation Text	The income reported here was collected in 1996 about tax year 1995. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1996 for the prior year are in 1995 dollars. The descriptive statistics entries below are based on the family weights for 1996.
Summary Statistics	Name Unweighted Weighted     N 8517 7906     Minimum $-4,999 $-4,999     Maximum $89,996 $89,996     Mean $185 $221     Standard Deviation $3,092 $3,271     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%   -4999 - -1 Actual Amount: Loss 2 0.02 0.06   0 INAP; No Loss or Gain 8468 99.42 99.23   1 - 89996 Actual Amount: Gain 47 0.55 0.71

Variable Number = 11
Variable Name:	ACCFRM96
Basic Information	Variable Label: ACC Farm Income of the Head 1995 Type: Character Width: 5 Decimals: NA Data Location: 50 - 54 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. 8504 99.85   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. 2 0.02   xyrid Imputed value using the same variables reported by the same respondents from other years of the PSID. 3 0.04

Variable Number = 12
Variable Name:	BUSINC96
Basic Information	Variable Label: Business Income 1995 Type: Numeric Width: 6 Decimals: 0 Data Location: 55 - 60 Missing Data Code: None
Question Text	Head's and Wife's/"Wife's" Income from Unincorporated Businesses in 1995
Explanation Text	The income reported here was collected in 1996 about tax year 1995. Dollar amounts are based on values for the year in which they are reported. Thus, dollar amounts reported in 1996 for the prior year are in 1995 dollars. The descriptive statistics entries below are based on the family weights for 1996.
Summary Statistics	Name Unweighted Weighted     N 8517 7906     Minimum $-74,997 $-49,998     Maximum $527,981 $527,981     Mean $1,614 $1,884     Standard Deviation $14,247 $14,829     99th Percentile $41,998 $49,998     95th Percentile $1,009 $3,999     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 $-1,799 $-2,000
Frequencies	Code Text Count % Wt%   -74997 - -1 Actual Amount: Loss 125 1.47 1.78   0 INAP; No Loss or Gain 7923 93.03 91.99   1 - 527981 Actual Amount: Gain 469 5.51 6.23

Variable Number = 13
Variable Name:	ACCBUS96
Basic Information	Variable Label: ACC Business Income 1995 Type: Character Width: 5 Decimals: NA Data Location: 61 - 65 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 rea