Table 1.
Descriptive Information for Analysis Variables at 1996 Baseline
| Variable names | Description | Min, Max | Mean or % |
|---|---|---|---|
| Outcomes | |||
| Obesity | BMI ≥ 30 kg/m2 is 1, otherwise 0 | 0, 1 | 24% |
| Wealth shocks | |||
| Net worth shock | 75% or larger drop in net worth | 0, 1 | 12% |
| Savings shock | 75% or larger drop in savings | 0, 1 | 21% |
| Housing shock | 75% or larger drop in home wealth | 0, 1 | 5% |
| Property shock | 75% or larger drop in property wealth | 0, 1 | 11% |
| Debts | |||
| Indebted | Negative net worth | 0, 1 | 14% |
| Housing debt | Negative net home wealth | 0, 1 | 2% |
| Property debt | Negative net property wealth | 0, 1 | 6% |
| Unsecured debt | Unsecured debt over $500 | 0, 1 | 37% |
| Bankruptcies | |||
| Bankrupt | Filed for bankruptcy | 0, 1 | 3% |
| Chapter 7 | Filed for a Chapter 7 bankruptcy | 0, 1 | 2% |
| Chapter 13 | Filed for a Chapter 13 bankruptcy | 0, 1 | 1% |
| Socioeconomic controls | |||
| Wealth | Natural log of average wealth | 0, 13.87 | 8.38 |
| Income | Natural log of average of income | 0, 13.79 | 10.24 |
| Education | Completed years of schooling | 0, 3 | |
| Less than 12 years | 13% | ||
| 12 years | 43% | ||
| 13 to 15 years | 24% | ||
| 16 or more years | 20% | ||
| Employed | Currently employed | 0, 1 | 81% |
| Work hours | Hours worked in the previous year | 0, 2 | |
| None | Zero hours worked | 14% | |
| Part-time | Less than 2,080 hours | 29% | |
| Full-time | 2,080 or more hours | 57% | |
| Demographic controls | |||
| Age | Age in years | 31, 39 | 34.55 |
| Female | Women=1, men=0 | 0, 1 | 49% |
| Race/ethnicity | 0, 3 | ||
| White | Non-Hispanic, White | 48% | |
| Black | Non-Hispanic, Black | 29% | |
| Hispanic | 19% | ||
| Other | All other races/ethnicities | 4% | |
| Marital status | 0, 2 | ||
| Married | 57% | ||
| Previously married | Divorced, separated, or widowed | 20% | |
| Never married | 23% |