Table 1.
Summary Statistics of PSID Database
| Variable | Obs | Mean | Std. Dev. | Min | Max |
|---|---|---|---|---|---|
| Ln mean family income, 2010 prices | 1175 | 10.96 | 0.84 | 5.28 | 13.79 |
| Ln mean family income in local prices, 2010 prices | 1175 | 11.02 | 0.84 | 5.26 | 14.03 |
| Ln Parents’ income when child, 2010 prices | 1287 | 10.85 | 0.60 | 8.45 | 13.00 |
| Ln Parents’ income when child in local prices, 2010 prices | 1287 | 10.92 | 0.59 | 8.68 | 12.98 |
| Mean sibling family income (if 30 and older), 2010 prices | 899 | 11.02 | 0.72 | 5.78 | 13.79 |
| Mean sibling family income (if 30 and older) in local prices, 2010 prices | 899 | 11.09 | 0.72 | 6.16 | 13.47 |
| Male | 1288 | 0.47 | 0.50 | 0.00 | 1.00 |
| Black | 1288 | 0.39 | 0.49 | 0.00 | 1.00 |
| Hispanic | 1288 | 0.03 | 0.18 | 0.00 | 1.00 |
| Number of same cohort adults in household | 1288 | 1.19 | 0.26 | 1.00 | 2.50 |
| Average income childhood neighborhood, 2010 prices | 1288 | 0.81 | 0.19 | 0.03 | 1.07 |
| Average income childhood neighborhood in local prices, 2010 prices | 1288 | 0.83 | 0.24 | −0.09 | 1.60 |
| Childhood neighborhood share of adult population with at least a bachelor’s degree | 1288 | 0.10 | 0.09 | 0.00 | 0.69 |
| Childhood neighborhood share of adult population with no high school | 1288 | 0.48 | 0.19 | 0.08 | 0.93 |
| MSA Population when child | 1199 | 2.88 | 4.10 | 0.01 | 16.70 |
| Neighborhood housing inequality of MSA when child | 1199 | 0.19 | 0.03 | 0.11 | 0.32 |
| Average home value in MSA when child | 1216 | 4.61 | 0.20 | 3.92 | 5.01 |
| Growth of home values in home MSA, 1980–2010 | 1216 | 4.04 | 1.37 | 2.03 | 7.22 |
| Latitude of childhood MSA | 1216 | 38.01 | 4.46 | 26.10 | 48.84 |
| Longitude of childhood MSA | 1216 | −89.24 | 14.82 | −122.90 | −70.42 |
| Individual has less than high school diploma | 1224 | 0.11 | 0.31 | 0.00 | 1.00 |
| Individual has attended 13 to 15 years of school | 1224 | 0.29 | 0.45 | 0.00 | 1.00 |
| Individual has attended at least 16 years of school | 1224 | 0.23 | 0.42 | 0.00 | 1.00 |
| Most educated parent has less than high school diploma | 1288 | 0.27 | 0.44 | 0.00 | 1.00 |
| Most educated parent has attended 13 to 15 years of school | 1288 | 0.20 | 0.40 | 0.00 | 1.00 |
| Most educated parent has attended at least 16 years of school | 1288 | 0.18 | 0.38 | 0.00 | 1.00 |
| Mean age during adulthood period | 1288 | 33.99 | 2.01 | 30.00 | 44.00 |
| Mean Year born | 1288 | 1969.77 | 3.36 | 1965.00 | 1975.00 |
| Mean Year Observed During Adulthood Period | 1288 | 2003.76 | 3.24 | 1995.00 | 2009.00 |
| Have lived in different MSA as adult compared to childhood | 1288 | 0.34 | 0.47 | 0.00 | 1.00 |
| Number of siblings | 1288 | 1.28 | 1.42 | 0.00 | 8.00 |
| Sibling age | 937 | 35.01 | 2.41 | 26.00 | 44.00 |