​​ Requirements and Comments from the Client:

That is the outline and below are the variables I am using Here are the PSID variables you should download:

ER53017: AGE OF HEAD ER53018: SEX OF HEAD ER57656: L37 PARENTS POOR OR?--HD

ER57658: L39 SPANISH DESCENT-HEAD

ER57659: L40 RACE OF HEAD-MENTION 1 ER58152: TOTAL FAMILY INCOME-2012

So, your dependent variable will be total family income in 2012 (their income as an adult) and the key independent variable is whether their parents were poor. You will control for race/ethnicity and gender and age. You will focus on the head of the household.

You will need to clean the data before you make your descriptive table of means, mins and maxes. That involves deleting all rows that you won't need -- delete anyone with missing information (usually signaled by a value 8 or 9, check the codebook) on any of the measures. Then, you will need to create the exact measures you need. Here is what your table should look like, so create all of these variables and fill in the blanks.

Mean Min Max Total Family Income in 2012 Were parents poor when you were a child 0 1

Age in 2012 Female 0 1

Non-Hispanic White 0 1 Non-Hispanic Black 0 1

Hispanic 0 1

Other race/ethnicity 0 1

I've set up the race/ethnicity categories in the usual way, but you are free to do it a different way. You must categorize everyone as one of these things -- they are mutually exclusive group