Table 2: 2004 Survey of Consumer Finances (SCF) and 2003 Income and Expenditure Survey (EVS) (for definition of variables, see Appendix B)
|
______________________USA: SCF 2003______________________ |
______________________Germany: EVS 2004______________________ | |||||||||||
|
full sample |
individual has |
individual N = Mean |
has risky 2 Std (weighed) |
full N = Mean |
sample Std |
individual has |
individual has risky 2 | |||||
|
Mean (weighed) |
Std |
Mean (weighed) |
Std | |||||||||
|
Mean |
Std |
Mean |
Std | |||||||||
|
Demographics |
55.69 |
19.24 |
51.04 |
22.95 |
56.53 |
18.78 |
50.46 |
16.98 |
50.43 |
18.29 |
50.48 |
16.09 |
|
Age 2 |
3,469 |
2,198 |
3,069.07 |
2,519.76 |
3,541.70 |
2,167.05 |
2,834 |
1,793 |
2,878 |
1,927 |
2,807 |
1,702 |
|
Gender |
0.65 |
0.49 |
0.69 |
0.53 |
0.65 |
0.49 |
0.67 |
0.47 |
0.75 |
0.43 |
0.62 |
0.48 |
|
# Children |
0.40 |
0.81 |
0.51 |
1.01 |
0.38 |
0.79 |
0.30 |
0.65 |
0.29 |
0.63 |
0.30 |
0.65 |
|
Education Low |
0.18 |
0.39 |
0.30 |
0.49 |
0.16 |
0.37 |
0.07 |
0.25 |
0.09 |
0.28 |
0.05 |
0.22 |
|
Middle |
0.51 |
0.50 |
0.59 |
0.54 |
0.49 |
0.51 |
0.63 |
0.48 |
0.69 |
0.46 |
0.60 |
0.49 |
|
High |
0.31 |
0.47 |
0.10 |
0.38 |
0.35 |
0.49 |
0.30 |
0.46 |
0.23 |
0.42 |
0.35 |
0.48 |
|
Occupation Employed |
0.56 |
0.50 |
0.48 |
0.54 |
0.58 |
0.50 |
0.53 |
0.50 |
0.43 |
0.50 |
0.60 |
0.49 |
|
Unemployed |
0.05 |
0.22 |
0.09 |
0.29 |
0.05 |
0.21 |
0.07 |
0.25 |
0.10 |
0.30 |
0.05 |
0.21 |
|
Retired |
0.38 |
0.49 |
0.42 |
0.52 |
0.38 |
0.49 |
0.40 |
0.49 |
0.46 |
0.50 |
0.35 |
0.48 |
|
Income (local currency) |
36,186 |
55,084 |
16,443 |
15,969 |
39,751 |
59,253 |
42,757 |
46,868 |
27,493 |
28,535 |
52,437 |
53,217 |
|
Labor Income |
31,556 |
36,087 |
15,500 |
17,176 |
34,455 |
38,670 |
30,743 |
20,894 |
22,897 |
14,743 |
35,718 |
22,624 |
|
Ln(Labor Income) |
10.01 |
0.89 |
9.37 |
0.89 |
10.13 |
0.87 |
10.13 |
0.65 |
9.88 |
0.57 |
10.30 |
0.64 |
|
Wealth (local currency) Owns risky 1 |
0.496 |
0.510 |
0.001 |
0.07 |
0.585 |
0.505 |
0.39 |
0.49 |
0 |
0 |
0.63 |
0.48 |
|
pecent risky 1 |
0.142 |
0.247 |
0.001 |
0.07 |
0.164 |
0.260 |
0.09 |
0.20 |
0 |
0 |
0.15 |
0.24 |
|
Owns risky 2 |
0.85 |
0.37 |
0 |
0 |
1.000 |
0.000 |
0.61 |
0.49 |
0 |
0 |
1 |
0 |
|
percent risky 2 |
0.58 |
0.35 |
0 |
0 |
0.684 |
0.267 |
0.39 |
0.40 |
0 |
0 |
0.64 |
0.31 |
|
Owns Hose |
0.744 |
0.441 |
0.02 |
0.30 |
0.87 |
0.35 |
0.40 |
0.49 |
0.003 |
0.05 |
0.66 |
0.47 |
|
House Value |
146,415 |
332,759 |
991 |
9,826 |
172,675 |
357,999 |
79,151 |
150,396 |
312 |
6,245 |
129,145 |
174,636 |
|
Assets |
263,101 |
1,084,310 |
7,053 |
34,224 |
309,339 |
1,177,029 |
112,886 |
179,561 |
15,812 |
34,763 |
174,444 |
205,324 |
|
In Debt |
0.587 |
0.493 |
0.02 |
0.28 |
0.69 |
0.46 |
0.24 |
0.43 |
0.003 |
0.05 |
0.39 |
0.49 |
|
Debt |
41,081 |
75,682 |
995 |
9,765 |
48,319 |
80,786 |
16,678 |
52,214 |
312 |
6,245 |
27,057 |
64,444 |
|
Net worth |
233,249 |
1,086,321 |
8,662 |
33,574 |
273,806 |
1,179,796 |
96,208 |
159,525 |
15,500 |
34,151 |
147,388 |
184,655 |
|
Ln(Net worth) |
10.95 |
2.06 |
7.66 |
2.15 |
11.54 |
1.48 |
10.15 |
2.09 |
8.50 |
1.95 |
11.20 |
1.39 |
|
Labor Income / Net worth |
6.62 |
70.16 |
39.79 |
240.51 |
0.64 |
1.62 |
43.24 |
537.32 |
108.45 |
858.03 |
1.90 |
24.47 |