Codebook

Last Modified 14 August 1998

Data in macrsp.por was drawn from several sources. National Income and Product Accounts, constructed by the Bureau of Economic Analysis in the United States Department of Commerce is the source of most of the GDP, national income, and subcomponents variables. The Bureau of Labor Statistics in the United States Department of Labor is the source of information on the labor force, unemployment, and the consumer price index.

All variables measured in dollars are in current (i.e., nominal) dollars. The number of the variables in the codebook differs from their order in the SPSS file.

Name Variable label
1. POP Population, in thousands, 1929-1996
2. YEAR Year
3. RECESS Recession, two or more quarters in the year (1= recession, 0 = no recession), 1929-1996
GDP and its components
4. GDP Gross domestic product, billions of current dollars, 1929-1996
5. GNP Gross national product, billions of current dollars, 1929-1996
    Consumption
6. C Consumption expenditures, billions of current dollars, 1929-1996
7. C1A Consumption--durable goods, in billions of current dollars, 1929-1996
8. C1B Consumption--nondurable goods, billions of current dollars, 1929-1996
9. C2 Consumption--services, billions of current dollars, 1929-1996
    Investment
10. I Investment, billions of current dollars, 1929-1996
11. I1 Investment--total fixed investment, billions of current dollars, 1929-1996
12. I1A Investment--fixed, nonresidential, billions of current dollars, 1929-1996
13. I1AA Investment--fixed, nonresidential, structures, billions of current dollars, 1929-1996
14. I1AB Investment--fixed, nonresidential, equipment, billions of current dollars, 1929-1996
15. I1B Investment--fixed, residential, billions of current dollars, 1929-1996
16. I2 Investment, change in business inventories, billions of current dollars, 1929-1996
    Foreign trade
17. NX Net exports, billions of current dollars, 1929-1996
18. EX Exports (gross), billions of current dollars, 1929-1996
19. IM Imports, billions of current dollars, 1929-1996
    Government purchases of goods and services
20. G Government spending on final goods and services, billions of dollars, 1929-1996
21. G1 Federal government spending on final goods and services, billions of dollars, 1929-1996
22. G2 State and local government spending on final goods and services, 1929-1996
Price indices
23. GDPDEF GDP deflator, 1992 = 100, 1929-1996
24. CPI Consumer price index, 1982-84 = 100, 1929-1996
25. PPI Producer price index, 1982 = 100, 1947-1996
Productivity
26. PROD1 Labor productivity (output per hour), nonfarm, index, 1992 = 100, 1947-1996
27. PROD2 Total factor productivity, 1987 = 100, 1948-1996
National income and its components
28. NI National income, billions of current dollars, 1929-1996
    Wages, salaries and employee benefits
29. NI1 Total compensation of employees, billions of current dollars, 1929-1996 
30. NI1A Wage and salary compensation of employees, billions of current dollars, 1929-1996
31. NI1B Supplements (benefits) to wages and salaries, billions of current dollars, 1929-1996
    Proprietor's income
32. NI2A Proprietor's income--farmers, billions of current dollars, 1929-1996
33. NI2B Proprietor's income--nonfarm, billions of current dollars, 1929-1996
    Rental income
34. NI3 Rental income to persons, billions of current dollars, 1929-1996
    Profits
35. NI4A Corporate profits before taxes, billions of current dollars, 1929-1996
36. NI4 Corporate profits after taxes, billions of current dollars, 1929-1996
    Interest income
37. NI5 Net interest payments to persons, billions of current dollar, 1929-1996
38. PI Personal income, billions of current dollars, 1929-1996
    Miscellaneous subcomponents
39. DP1 Disposable personal income, billions of current dollars, 1929-1996
40. PS Personal savings, billions of current dollars, 1929-1996
41. PSP Personal savings as a percent of disposable personal income, 1929-1996
Labor force, unemployment, and wages
    Aggregate data
42. LF Labor force, in thousands, 1948-1996
43. U Unemployed persons, in thousands, 1948-1996
44. UR Unemployment rate, in percents, 1929-1996
45. AHE Average hourly earnings, current dollars, 1947-1996
46. AWH Average weekly hours, 1947-1996
47. WAI Wage index, average hourly, 1982 = 100, 1947-1994
48. WARI Wage index, average hourly real wges, 1982 = 100, 1947-1994
    Whites
49. WM20 Labor force participation, white men over 20, in percents, 1954-1996
50. WM20U Unemployment rate, white men over 20, 1954-1996
51. WW20 Labor force participation, white women over 20, in percents, 1954-1996
52. WW20U Unemployment rate, white women, over 20, in percents, 1954-1996
53. WT Labor force participation, white teens, in percents, 1954-1996
54. WTU Unemployment rate, white teens, in percents, 1954-1996
    Blacks
55. BM20 Labor force participation, black men over 20, in percents, 1972-1996
56. BM20U Unemployment rate, black men, over 20, in percents, 1972-1996
57. BW20 Labor force participation, black women over 20, in percents, 1972-1996
58. BW20U Unemployment rate, black women, over 20, in percents, 1972-1996
59. BT Labor force participation, black teens, in percents, 1972-1996
60. BTU Unemployment rate, black teens, in percents, 1972-1996
    Hispanics
61. HPR Labor force participation, hispanics (both sexes and all ages), 1973-1996
62. HU Unemployment rate, hispanics (both sexes, all ages 16+), in precents, 1973-1996
Money supply, bank reserves, and interest rates
63. M1 M1 money supply, billions, 1947-1994
64. M2 M2 money supply, billions, 1947-1994
65. FBR Free bank reserves, billions, 1945-1994
66. INT90 Interest rate on 90 day Treasury bills, 1945-1994
67. INTPR Average prime interest rate charged by banks, 1945-1994
Production and stock indices, International comparisons
68. IPI Index of industrial production, US, 1987 = 100, 1945-1994
69. IPIEUR Index of industrial production, Europe, 1987 = 100, 1953-1994
70. IPIJ Index of industrial production, Japan, 1987 = 100, 1948-1994
71. IPIUK Index of industrial production, UK, 1987 = 100, 1948-1994
72. IPIC Index of industrial production, Canada, 1987 = 100, 1946-1994
73. SIUS Stock market index, US, 1967 = 100, 1945-1994
74. SIJ Stock market index, Japan, 1967 = 100, 1948-1994
75. SIUK Stock market index, UK, 1967 = 100, 1946-1994
76. SIC Stock market index, Canada, 1967 = 100, 1947-1994
Federal finances
77. GDEF Federal government purchases for national defense, billions, 1946-1994
78. DEBT Federal debt as a percentage of GDP, 1929-1996
79. FEDREC Federal receipts, millions of dollars, 1929-1996
80. FEDEXP Federal outlays, millions of dollars, 1929-1996
81. TAXY Federal income tax receipts, millions of dollars, 1934-1996
82. TAXCORP Federal corporate tax receipts, millions of dollars, 1934-1996
83. TAXSS Federal tax receipts for social insurance, millions of dollars, 1934-1996
84. TAXEXCI Federal excise tax receipts, millions of dollars, 1934-1996
85. TAXOTHR Federal tax receipts other than variables 81.-84., millions of dollars, 1934-1996
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