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.
data('pension')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
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str(pension)
#> 'data.frame': 194 obs. of 19 variables:
#> $ id : int 38 152 152 182 222 226 233 233 253 314 ...
#> $ pyears : int 1 6 25 20 35 13 2 10 26 5 ...
#> $ prftshr : int 0 1 1 1 0 1 0 1 0 0 ...
#> $ choice : int 1 1 1 0 1 0 1 0 0 1 ...
#> $ female : int 0 1 0 1 0 0 1 1 1 0 ...
#> $ married : int 1 1 1 1 1 1 1 1 1 1 ...
#> $ age : int 64 56 56 63 67 64 64 64 69 60 ...
#> $ educ : int 12 13 12 12 12 11 12 12 12 14 ...
#> $ finc25 : int 0 0 0 1 0 0 1 1 0 0 ...
#> $ finc35 : int 0 0 0 0 1 0 0 0 1 0 ...
#> $ finc50 : int 1 0 0 0 0 0 0 0 0 0 ...
#> $ finc75 : int 0 1 1 0 0 1 0 0 0 0 ...
#> $ finc100 : int 0 0 0 0 0 0 0 0 0 0 ...
#> $ finc101 : int 0 0 0 0 0 0 0 0 0 1 ...
#> $ wealth89: num 77.9 154.9 154.9 232.5 179 ...
#> $ black : int 0 0 0 0 0 0 0 0 0 0 ...
#> $ stckin89: int 1 1 1 1 0 1 0 0 0 1 ...
#> $ irain89 : int 1 1 1 1 1 0 1 1 0 1 ...
#> $ pctstck : int 0 50 50 100 100 0 100 100 50 50 ...
#> - attr(*, "time.stamp")= chr "25 Jun 2011 23:03"