Does incom16 effectively capture the concept family income

Reference no: EM133418770

Questions:

The survey contains a variable named INCOM16 which measures a respondent's family's income at the time they were 16 years old. To create this variable, survey respondents were asked,

"Thinking about the time when you were 16 years old, compared with American families in general then, would you say your family income was far below average, below average, average, above average, or far above average?"

Does INCOM16 effectively capture the concept "family income at 16"? What is another survey question you could ask to measure the same concept?

Reference no: EM133418770

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