pension

Description

Wooldridge Source: L.E. Papke (2004), “Individual Financial Decisions in Retirement Saving: The Role of Participant-Direction,” Journal of Public Economics 88, 39-61. Professor Papke kindly provided the data. She collected them from the National Longitudinal Survey of Mature Women, 1991. Data loads lazily.

Usage

data('pension')

Format

A data.frame with 194 observations on 19 variables:

• id: family identifier

• pyears: years in pension plan

• prftshr: =1 if profit sharing plan

• choice: =1 if can choose method invest

• female: =1 if female

• married: =1 if married

• age: age in years

• educ: highest grade completed

• finc25: $15,000 < faminc92 <= $25,000

• finc35: $25,000 < faminc92 <= $35,000

• finc50: $35,000 < faminc92 <= $50,000

• finc75: $50,000 < faminc92 <= $75,000

• finc100: $75,000 < faminc92 <= $100,000

• finc101: $100,000 < faminc92

• wealth89: net worth, 1989, $1000

• black: =1 if black

• stckin89: =1 if owned stock in 1989

• irain89: =1 if had IRA in 1989

• pctstck: 0=mstbnds,50=mixed,100=mststcks

Used in Text

page 506

Source

https://www.cengage.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9781111531041

Examples

 str(pension)