HRS 1994 (Wave 2) Documentation

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                            Module 5: Risk Aversion
                                   (N = 801)
        VAR #
        _____


        HHID    HHID    HRS Household Identifier
                ____________________________________________________________


                Variable    N       Mean     Std Dev     Minimum     Maximum
                ------------------------------------------------------------
                HHID        801     49955    22934         10097       93269
  


        PN      PN      HRS Person Number
                ____________________________________________________________


                Variable    N       Mean     Std Dev     Minimum     Maximum
                ------------------------------------------------------------
                PN          801     18       10               10          40




        W9344   5-1.    Now I have another kind of question. Suppose that
                        you are the only income earner in the family, and
                        you have a good job guaranteed to give you your
                        current (family) income every year for life.  You
                        are given the opportunity to take a new and equally
                        good job, with a 50-50 chance it will double your
                        (family) income and a 50-50 chance that it will cut
                        your (family) income by a third.  Would you take the
                        new job?
                ____________________________________________________________


                        1.      Yes
                        5.      No [Inap in W9345]


                        8.      Don't Know; DK [Inap in W9345]
                        9.      Not Ascertained; NA [Inap in W9345]


                W9344 Code  Frequency
                ---------------------
                         1        198
                         5        575
                         8         20
                         9          8




        W9345   5-1a.   Suppose the chances were 50-50 that it would double
                        your (family) income, and 50-50 that it would cut it
                        in half.  Would you still take the new job?
                ____________________________________________________________


                        1.      Yes [Inap in W9346-W9347]
                        5.      No [Inap in W9346-W9348]


                        8.      Don't Know; DK [Inap in W9346-W9348]
                        9.      Not Ascertained; NA [Inap in W9346-W9348]


                        0.      Inap; 5, 8-9 in W9344


                W9345 Code  Frequency
                ---------------------
                         0        603
                         1         86
                         5        104
                         8          7
                         9          1




        W9346   5-1b.   Suppose the chances were 50-50 that it would double
                        your (family) income and 50-50 that it would cut it
                        by 20 percent.  Would you then take the new job?
                ____________________________________________________________


                        1.      Yes [Inap in W9347-W9348]
                        5.      No


                        8.      Don't Know; DK
                        9.      Not Ascertained; NA


                        0.      Inap; 1, 5-8, 9 in W9345


                W9346 Code  Frequency
                ---------------------
                         0        198  
                         1        101  
                         5        460  
                         8         22  
                         9         20  




        W9347   5-1c.   Suppose the chances were 50-50 that it would double
                        your (family) income and 50-50 that it would cut it
                        by 10 percent.  Would you then take the new job?
                ____________________________________________________________


                        1.      Yes [Inap in W9348]
                        5.      No [Inap in W9348]


                        8.      Don't Know; DK [Inap in W9348]
                        9.      Not Ascertained; NA [Inap in W9348]


                        0.      Inap; 1, 5-8, 9 in W9345; 1 in W9346


                W9347 Code  Frequency
                ---------------------
                         0        299 
                         1        137 
                         5        319 
                         8         20 
                         9         26 




        W9348   5-1d.   Suppose the chances were 50-50 that it would double
                        your family income and 50-50 that it would cut it by
                        75 percent, would you still take the new job?
                ____________________________________________________________


                        1.      Yes
                        5.      No 


                        8.      Don't Know; DK
                        9.      Not Ascertained; NA 


                        0.      Inap; 5-8, 9 in W9345; 1 in W9346;
                                1, 5, 8-9 in W9347


                W9348 Code  Frequency
                ---------------------
                         0        715 
                         1         30 
                         5         45 
                         8          4 
                         9          7


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