Table 6: Description of Independent Variables
Variable Name |
Description |
Male |
Dummy variable taking a value of 1 if the individual is male, |
Age Age Squared Married |
Age of individual. Square of individual’s age. Dummy variable taking a value of 1 if the individual is married, |
W/D/S |
Dummy variable taking a value of 1 if the individual is widowed, |
1 Child |
Dummy variable taking a value of 1 if the individual has one dependent |
2 Children |
Dummy variable taking a value of 1 if the individual has two dependent |
3+ Children |
Dummy variable taking a value of 1 if the individual has three or more |
UK |
Dummy variable taking a value of 1 if the individual is from UK survey, |
Employed |
Dummy variable taking a value of 1 if the individual is employed, |
Retired |
Dummy variable taking a value of 1 if the individual is retired, |
Inactive |
Dummy variable taking a value of 1 if the individual is inactive, |
College |
Dummy variable taking a value of 1 if the individual has a college education, |
Log Income |
Log of household income. Dummy variable taking a value of 1 if the individual has debt outstanding. Dummy variable taking a value of 1 if the individual is impulsive, |
Organised |
Dummy variable taking a value of 1 if the individual is organised with their |
Live Today |
Dummy variable taking a value of 1 if the individual tends to live for today |
Literate:4 |
Dummy variable taking a value of 1 if the individual gets 4 questions |
Literate:5 |
Dummy variable taking a value of 1 if the individual gets 5 questions |
Literate:6 |
Dummy variable taking a value of 1 if the individual gets all 6 questions |
17
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