Table 2b.
Changes in Individuals’ Responses Across Waves
| First Gamble Response | % in Category on Second Response
|
Number of Response Pairs | |||
|---|---|---|---|---|---|
| 1–2 | 3 | 4 | 5–6 | ||
| 1–2 | 68.2 | 13.4 | 8.6 | 9.9 | 4,003 |
| 3 | 55.7 | 23.7 | 10.1 | 10.4 | 969 |
| 4 | 53.8 | 16.5 | 14.9 | 14.8 | 744 |
| 5–6 | 46.7 | 15.4 | 12.5 | 25.5 | 906 |
NOTE: Author’s unweighted tabulations from HRS public access data files. The sample includes 12,003 individuals in the 1931 to 1947 birth cohorts. See the text for details on the sample selection. See Table 1 for the definition of the response category. A respondent may contribute more than one pair to the tabulations in Table 2b. Time between the gamble responses ranges from two to ten years. According to the chi-squared statistic, the null hypothesis of no association between the first and second gamble response is rejected at the 1% level.