Table 2.
Summary Statistics of Key Variables
| Mean | Median | SD | |
|---|---|---|---|
| Moved between Waves | 0.09 | 0.29 | |
| Fraction of Cross-State Moves | 0.17 | 0.38 | |
| Property Tax | 1,756 | 1,200 | 2,694 |
| House Value | 149,781 | 110,463 | 179,178 |
| Income | 63,786 | 41,925 | 102,164 |
| Financial Wealth | 126,520 | 26,000 | 529,017 |
| Having Mortgage or Home Loan | 0.46 | 0.50 | |
| Age | 64.5 | 9.7 | |
| Male | 0.52 | 0.50 | |
| White | 0.91 | 0.29 | |
| Household Size | 2.25 | 1.15 | |
| Number of Children | 3.06 | 1.93 | |
| Less than High School | 0.22 | 0.41 | |
| High School Graduates | 0.32 | 0.47 | |
| Some College | 0.22 | 0.42 | |
| College Graduates | 0.24 | 0.43 | |
| Currently Working | 0.43 | 0.49 | |
| Currently Retired | 0.48 | 0.50 | |
| Currently Disabled | 0.02 | 0.13 | |
| Newly Retired | 0.08 | 0.28 | |
| Married | 0.66 | 0.47 | |
| Separated or Divorced | 0.12 | 0.32 | |
| Widowed | 0.20 | 0.40 | |
| Newly Widowed | 0.02 | 0.14 | |
| Recently Hospitalized | 0.30 | 0.46 | |
Note: N = 29183. The sample is restricted to households who were homeowners in the current wave and who have valid data for all variables. Property tax, income, house value, and financial wealth are in 2000 dollars. Household weights are used.