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Fifty Years of the Panel Study of Income Dynamics: Past, Present, and Future

Author

Listed:
  • David S. Johnson
  • Katherine A. McGonagle
  • Vicki A. Freedman
  • Narayan Sastry

Abstract

The Panel Study of Income Dynamics (PSID) is the world’s longest running household panel survey. Since it began in 1968, it has collected data on the same families and their descendants, making it an essential part of America’s data infrastructure for empirically based social science research. The PSID arose from the War on Poverty as a tool for evaluating poverty dynamics, and this year (2018) marks 50 years of data collection. Because of its long history and distinctive design of following adult children as they form their own households, the PSID is uniquely positioned to address emerging social and behavioral research questions and related policy issues. This overview presents the design and structural aspects and its evolution over the past 50 years, the successes of the current survey, possible future directions, and the value of using the PSID to understand the challenges facing American families.

Suggested Citation

  • David S. Johnson & Katherine A. McGonagle & Vicki A. Freedman & Narayan Sastry, 2018. "Fifty Years of the Panel Study of Income Dynamics: Past, Present, and Future," The ANNALS of the American Academy of Political and Social Science, , vol. 680(1), pages 9-28, November.
    • Handle: RePEc:sae:anname:v:680:y:2018:i:1:p:9-28
    DOI: 10.1177/0002716218809363
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    References listed on IDEAS

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    1. Suzanne M. Bianchi, 2011. "Family Change and Time Allocation in American Families," The ANNALS of the American Academy of Political and Social Science, , vol. 638(1), pages 21-44, November.
    2. Robert Moffitt & Robert F. Schoeni & Charles Brown & P. Lindsay Chase-Lansdale & Mick P. Couper & Ana V. Diez-Roux & Erik Hurst & Judith A. Seltzer, 2015. "Assessing the need for a new nationally representative household panel survey in the United States," Journal of Economic and Social Measurement, IOS Press, issue 1-4, pages 1-26.
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    4. Krueger, D. & Mitman, K. & Perri, F., 2016. "Macroeconomics and Household Heterogeneity," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 843-921, Elsevier.
    5. Smith, James D & Morgan James N, 1970. "Variability of Economic Well-being and Its Determinants," American Economic Review, American Economic Association, vol. 60(2), pages 286-295, May.
    6. Patricia Andreski & Geng Li & Mehmet Zahid Samancioglu & Robert Schoeni, 2014. "Estimates of Annual Consumption Expenditures and Its Major Components in the PSID in Comparison to the CE," American Economic Review, American Economic Association, vol. 104(5), pages 132-135, May.
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    Cited by:

    1. Michaela Benzeval & Thomas F. Crossley & Edith Aguirre, 2023. "A symposium on Understanding Society, the UK Household Longitudinal Study: introduction," Fiscal Studies, John Wiley & Sons, vol. 44(4), pages 317-340, December.
    2. Du, Tianyu & Kanodia, Ayush & Brunborg, Herman & Vafa, Keyon & Athey, Susan, 2024. "Labor-LLM: Language-Based Occupational Representations with Large Language Models," Research Papers 4188, Stanford University, Graduate School of Business.

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