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Table 3 Summary statistics of variables used in the analysis

From: What factors make consumers in the USA buy hemp products? Evidence from Nielsen consumer panel data

Variable

Description

Granola

Nuts

Nutrition

Protein

Mean

SD

Mean

SD

Mean

SD

Mean

SD

Hemp Exp

Total monthly expenditure for Hemp product in log

1.40

0.48

2.45

0.54

2.44

0.47

2.69

0.39

Hemp

=1 if HH consume Hemp by product

0.24

0.43

0.11

0.32

0.02

0.15

0.13

0.33

Low Income*

=1 if HH income is less than $30,000

0.10

0.30

0.14

0.35

0.14

0.35

0.11

0.31

Median Income

=1 if HH income is between $30,000 and $70,000

0.37

0.48

0.39

0.49

0.39

0.49

0.33

0.47

High Income

=1 if HH income is above $70,000

0.53

0.50

0.47

0.50

0.47

0.50

0.56

0.50

Age1*

=1 if HH age is less than 40

0.14

0.34

0.09

0.28

0.07

0.26

0.13

0.34

Age2

=1 if HH age is between 40 and 64

0.65

0.48

0.65

0.48

0.63

0.48

0.67

0.47

Age3

=1 if HH age is above 64

0.21

0.41

0.26

0.44

0.29

0.46

0.20

0.40

HH Size

Size of Households

2.52

1.26

2.39

1.19

2.28

1.16

2.45

1.29

Married

=1 if HH married

0.73

0.44

0.71

0.46

0.67

0.47

0.68

0.47

Edu1*

=1 if HH education is High School or less

0.15

0.36

0.20

0.40

0.18

0.39

0.13

0.34

Edu2

=1 if HH education is Some College

0.27

0.44

0.30

0.46

0.31

0.46

0.32

0.47

Edu3

=1 if HH education is College Graduate

0.36

0.48

0.34

0.47

0.35

0.48

0.36

0.48

Edu4

=1 if HH education is Post-Collegiate

0.22

0.41

0.16

0.36

0.16

0.36

0.18

0.39

White

=1 if HH is White

0.84

0.37

0.81

0.40

0.81

0.40

0.78

0.42

Black

=1 if HH is African American (Black)

0.06

0.23

0.09

0.29

0.09

0.28

0.11

0.31

Asian

=1 if HH is Asian

0.05

0.21

0.05

0.22

0.05

0.23

0.05

0.21

Other Race*

=1 if HH is other races

0.06

0.23

0.06

0.23

0.05

0.23

0.07

0.25

Hispanic

=1 if HH is Hispanic

0.08

0.27

0.08

0.27

0.07

0.26

0.08

0.27

Employ

=1 if HH is employed

0.64

0.48

0.57

0.50

0.56

0.50

0.64

0.48

Hemp State

=1 if HH is living in State with Hemp Legislation

0.37

0.48

0.40

0.49

0.40

0.49

0.48

0.50

Midwest

=1 if HH is living Midwest region

0.20

0.44

0.21

0.41

0.15

0.36

0.17

0.38

South

=1 if HH is living South region

0.26

0.44

0.31

0.46

0.31

0.46

0.29

0.45

West

=1 if HH is living West region

0.35

0.48

0.32

0.47

0.41

0.49

0.41

0.49

East*

=1 if HH is living East region

0.19

0.39

0.16

0.37

0.13

0.33

0.13

0.33

Observations

 

5959

 

15,233

 

18,871

 

2263

 
  1. S.D represents the standard deviation. HH represents the head of household. A variable with an asterisk symbol represents a reference (base) category