Investigation are from the fresh NLSY97 (Bureau from Work Statistics 2009), an annual data following a nationally representative shot regarding a dozen- so you can 16-year-olds staying in the united states at the time of December 30, 1996. The new NLSY97 boasts detailed information about the latest youthfulness work industry and you can academic experience, as well as their familial and dating experiences. Brand new survey in addition to ascertains information about earnings, income, and academic loans at each questionnaire 12 months. After getting its twentieth and 25th birthdays, respondents was indeed asked accomplish a possessions component with which has questions relating to every monetary and nonfinancial asset holdings, house philosophy, and you may a good bills. This study begins in the first survey trend pursuing the respondent done age-20 possessions component and you can continues on from 2009 survey season.