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2014 Panel Wave 1: Household-Level Recodes for Vehicles, Housing, and Education Savings Accounts
2014 Panel Wave 1: Household-Level Recodes for Vehicles, Housing, and Education Savings Accounts
The household-level wealth recodes for vehicles, housing, and education savings accounts were constructed incorrectly for a small number of households with a particular type of family composition. These are the variables THEQ_VEH, THVAL_VEH, THDEBT_VEH, THEQ_HOME, THVAL_HOME, THDEBT_HOME, THVAL_ESAV. However, the person-level counterparts of these variables (TVAL_VEH, TDEBT_VEH, TEQ_VEH, TEQ_HOME, TDEBT_HOME, TVAL_ESAV, respectively) are constructed correctly for all individuals. Because of this, data users who want to use these household-level variables should recreate them by summing the person-level variables within a household. In Stata, this can be done with the egen command, such as “by ssuid shhadid, egen theq_veh = total(teq_veh).” In SAS, this can be done with the lines “select sum(teq_veh) as theq_veh” and “group by ssuid, shhadid” within a proc sql command. Note that this issue does not affect the net worth recodes, so THNETWORTH is constructed correctly on the file.
Page Last Revised - October 8, 2021
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