PSED variables used to calculate HC
| Variable | Description | PSED II – All waves |
|---|---|---|
| Legal entity | Dummy variable: it takes the value of one if the owner, key not-owner or helper represents a business, financial institution, government agency or other legal entity | |
| Education | Highest level of education of the owner, key not-owner or helper (1 = up to eighth grade, 2 = some high school, 3 = high school degree/tech. or voc. degree, 4 = some college/comm. college degree, 5 = bachelors degree, 6 = some graduate training, 7 = masters degree, 8 = law, Md, Phd, Edd degree) | |
| Industry experience | Years of work experience of owner, key not-owner or helper in the industry where the new business is going to compete. Categorical variable from 0 to 6, by year (Y): 0 for 0Y; 1 for 0 < Y < 1; 2 for 1< | |
| Business helped | Number of other businesses helped to start by the owner, key not-owner or helper | |
| Manager experience | Years of owner#’s work experience as a manager or supervisor. Categorial variable from 0 to 6, by year (Y): 0 for 0Y; 1 for 0 < Y < 1; 2 for 1< | |
| Owners | ||
| O_Legalentity | *g5_O# | |
| O_Education | *h6_O# | |
| O_Industryexperience | *h11_O# | |
| O_Business helped | *h12_O# | |
| O_Manager experience | *h21_O# | |
| Key Not Own. | ||
| K_Legalentity | *g15_k# | |
| K_Education | *m7_k# | |
| K_Industryexperience | *m11_k# | |
| K_Business helped | *m12_k# | |
| Helpers | ||
| H_Legalentity | ag20_h# | |
| H_Education | an7_h# | |
| H_Industryexperience | an11_h# | |
| H_Business helped | an12_h# | |
| Variable | Description | PSED II – All waves |
|---|---|---|
| Legal entity | Dummy variable: it takes the value of one if the owner, key not-owner or helper represents a business, financial institution, government agency or other legal entity | |
| Education | Highest level of education of the owner, key not-owner or helper (1 = up to eighth grade, 2 = some high school, 3 = high school degree/tech. or voc. degree, 4 = some college/comm. college degree, 5 = bachelors degree, 6 = some graduate training, 7 = masters degree, 8 = law, Md, Phd, Edd degree) | |
| Industry experience | Years of work experience of owner, key not-owner or helper in the industry where the new business is going to compete. Categorical variable from 0 to 6, by year (Y): 0 for 0Y; 1 for 0 < Y < 1; 2 for 1< | |
| Business helped | Number of other businesses helped to start by the owner, key not-owner or helper | |
| Manager experience | Years of owner#’s work experience as a manager or supervisor. Categorial variable from 0 to 6, by year (Y): 0 for 0Y; 1 for 0 < Y < 1; 2 for 1< | |
| O_Legalentity | *g5_O# | |
| O_Education | *h6_O# | |
| O_Industryexperience | *h11_O# | |
| O_Business helped | *h12_O# | |
| O_Manager experience | *h21_O# | |
| K_Legalentity | *g15_k# | |
| K_Education | *m7_k# | |
| K_Industryexperience | *m11_k# | |
| K_Business helped | *m12_k# | |
| H_Legalentity | ag20_h# | |
| H_Education | an7_h# | |
| H_Industryexperience | an11_h# | |
| H_Business helped | an12_h# | |
Notes:
^1: because of the presence of outliers, variables other than dummy or categories are winsorized at 0.01; *stands for the given wave; e.g. for Wave a, we refer to question ag5_O#; for Wave b, question bg5_O#; and so on
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