V. Hajivassiliou and Y. Ioannides, "Unemployment and Liquidity Constraints", Journal of Applied Econometrics, Vol. 22, No. 3, 2007, pp. 479-510. First author's email address: vassilis [AT] econ.lse.ac.uk The data are provided in two formats: a. comma-delimited pure ASCII (psidpnmi_jae.csv, size: 5.6MB) and b. Microsoft Excel spreadsheet (psidpnmi_jae.xls, size: 22MB) There are 32,408 observations on each of 55 variables. Both files are zipped in the file hi-data.zip. The list of variables, with a summary explanation, is given at the end of this file. Next, the first 7 lines of the .CSV file (2 headers and 5 data) are given here as an example: cunemp,disab,dumovr,dumovrl1,dumovrl2,dumun,dumund,dumundl1,dumundl2,dumune,dumunel1,dumunel2,dumunl1,dumunl2,dumvol,dumvoll1,dumvoll2,edycat,era7275,era7679,era8083,era8487,fneed,gfneed,hage,hagecb,hagesq,htenure,htenursq,hunemins,indunemp,labcon3,labmkt,liqcon,liqconl1,liqconl2,liveinnc,liveinot,liveinso,liveinwe,mss,numch017,numch05,occunemp,raceb,raceo,rdispy,religceo,religjsh,religpro,rri,rtainc,unionmem,uniqid,yearcur county unemployment rate,head disabled? 1/0,head overemployed? 1/0,dumovr lagged once,dumovr lagged twice,head unemployed? 1/0,head underemployed? 1/0,dumund lagged once,dumund lagged twice,head unemployed? 1/0,dumune lagged once,dumune lagged twice,dumun lagged once,dumun lagged twice,head voluntarily employed? 1/0,dumvol lagged once,dumvol lagged twice,educational category of head,dummy for period 1972-75,dummy for period 1976-79,dummy for period 1980-83,dummy for period 1984-88,household food needs,growth rate in fneed,age of head,age of head cubed,age of head squared,tenure of head in months,htenure squared,unemployment insurance received by head,unemployment rate in industry of head,labour constraint indicator (-1=overemployed:0=vol employed:+1=une/underemployed),lab market indicator,liquidity constraint indicator (1=constraint binding:0=not binding),liqcon lagged once,liqcon lagged twice,lives in North Central area?,lives in Other region?,lives in South?,lives in West?,marital status of head (1=married:0=not married),number of children aged 0-17,number of children aged 0-5,occupational unemployment rate,head is Black?,head is of Other race?,real disposable income for household,religion of head: Catholic/Easter Orthodox?,religion of head: JewisH?,religion of head: PROtestant?,real rate of interest after tax,real asset income,head is union member?,household unique id,current year 7.1999998,1,0,0,0,1,1,1,1,0,0,0,1,1,0,0,0,1,0,0,0,0,2340,-0.046390001,54.400002,164959.2,2983.467,0,0,0,7.2642798,1,4,0,0,0,0,0,1,0,0,2.0666699,0.1,3.0799999,0,1,11822.41,0,0,1,0.018449999,79.023003,0,100011,1968 7.1999998,1,0,0,0,1,1,1,1,0,0,0,1,1,0,0,0,1,0,0,0,0,2434,0.039390001,54.400002,164959.2,2983.467,78,6084,0,7.2642798,1,3,0,0,0,0,0,1,0,0,2.0666699,0.1,3.0799999,0,0,2983.842,0,0,1,0.030099999,79.023003,0,100011,1969 5,1,0,0,0,0,0,1,1,0,0,0,1,1,1,0,0,2,0,0,0,0,2452,0.00737,47,103823,2209,78,6084,0,7.2642798,0,4,0,0,0,0,0,1,0,0,5,0.1,7.0999999,0,0,4788,0,0,1,0.032760002,853.74762,0,100011,1970 8,1,0,0,0,1,1,0,1,0,0,0,0,1,0,1,0,2,0,0,0,0,2518,0.026559999,48,110592,2304,78,6084,0,3.8,1,4,0,0,0,0,0,1,0,0,5,0.1,3.0799999,0,0,9006.5,0,0,1,0.00951,0,0,100011,1971 5,1,0,0,0,0,0,1,0,0,0,0,1,0,1,0,1,2,1,0,0,0,1830,-0.31915,49,117649,2401,78,6084,0,3.5,0,3,0,0,0,0,0,1,0,0,3,0.1,3.0799999,0,0,17500,0,0,1,0.00127,0,0,100011,1972 Explanation of Variables ------------------------ cunemp="county unemployment rate" disab="head disabled? 1/0" dumovr="head overemployed? 1/0" dumovrl1="dumovr lagged once" dumovrl2="dumovr lagged twice" dumun="head unemployed? 1/0" dumund="head underemployed? 1/0" dumundl1="dumund lagged once" dumundl2="dumund lagged twice" dumune="head unemployed? 1/0" dumunel1="dumune lagged once" dumunel2="dumune lagged twice" dumunl1="dumun lagged once" dumunl2="dumun lagged twice" dumvol="head voluntarily employed? 1/0" dumvoll1="dumvol lagged once" dumvoll2="dumvol lagged twice" edycat="educational category of head" era7275="dummy for period 1972-75" era7679="dummy for period 1976-79" era8083="dummy for period 1980-83" era8487="dummy for period 1984-88" fneed="household food needs" gfneed="growth rate in fneed" hage="age of head" hagecb="age of head cubed" hagesq="age of head squared" htenure="tenure of head in months" htenursq="htenure squared" hunemins="unemployment insurance received by head" indunemp="unemployment rate in industry of head" labcon3="labour constraint indicator (-1=overemployed:0=vol employed: +1=une/underemployed)" labmkt="lab market indicator" liqcon="liquidity constraint indicator (1=constraint binding:0=not binding)" liqconl1="liqcon lagged once" liqconl2="liqcon lagged twice" liveinnc="lives in North Central area?" liveinot="lives in Other region?" liveinso="lives in South?" liveinwe="lives in West?" mss="marital status of head (1=married:0=not married)" numch017="number of children aged 0-17" numch05="number of children aged 0-5" occunemp="occupanational unemployment rate" raceb="head is Black?" raceo="head is of Other race?" rdispy="real disposable income for household" religceo="religion of head: Catholic/Easter Orthodox?" religjsh="religion of head: JewisH?" religpro="religion of head: PROtestant?" rri="real rate of interest after tax" rtainc="real asset income" unionmem="head is union member?" uniqid="household unique id" yearcur="current year" See also the file psidpnmi_jae_sample.pdf.