Panel Study Of Income Dynamics Data Research Articles

Association between internal migration experience and depressive symptoms: analysis of PSID data

BackgroundDepression is on the rise globally. Additionally, the United States has a high level of population mobility. The main aim of this study was to provide a reference for improving the mental health of internal migrants by investigating the relationship between internal migration experience and depressive symptoms.MethodsWe analysed data from the Panel Study of Income Dynamics (PSID). We included PSID data from the 2005 to 2019 waves in which all respondents were asked about their internal migration experience and depressive symptoms. This study included 15,023 participants. T tests, chi-square tests, multiple logistic regression methods were performed and fixed effects model.ResultsIn the sample, the prevalence of depressive symptoms was 4.42%. The risk of depression in internal migrants was 1.259 times (OR = 1.259, 95% CI = (1.025–1.547, p < 0.05) that of nonmigrants. Internal migration experience was significantly positively associated with female depressive episodes (OR = 1.312, 95% CI = 1.010–1.704, p < 0.05) and increased risk of becoming depressed at a young age (OR = 1.304, 95% CI = 1.010–1.684, p < 0.05). The association between internal migration experience and depressive symptoms was more significant for participants who might move (OR = 1.459, 95% CI = 1.094–1.947, p < 0.05). In addition, different internal migratory causes are associated with depressive symptoms to varying degrees. ConclusionsOur findings highlight the need for greater policy attention to mental health inequalities between Internal migrants and those who never move away from their hometown in the United States. Our study provides a foundation for further research.

Where Do They Go? The Destinations of Residents Moving from Gentrifying Neighborhoods

The fate of residents living in gentrifying neighborhoods remains an important yet little understood outcome of the gentrification process. In this study, we assess the effects of gentrification on mobility patterns using the geocoded version of the panel study of income dynamics (PSID), a nationally representative longitudinal survey of households. While many studies examine whether residents move from gentrifying neighborhoods, few study their destinations. We utilize PSID data from 2001 to 2017 to identify each respondent's census tract and characteristics of the tract to which they moved. We find little difference in the socioeconomic status or access to the urban core of the destination neighborhoods of residents originating in gentrifying neighborhoods compared to the destination neighborhoods of residents originating in nongentrifying neighborhoods. Our findings inform debates on whether residents of gentrifying neighborhoods are pushed out of central cities and into worse neighborhoods than residents of other low-income neighborhoods.

Children and Retirement Income Adequacy

A typical household spends about $13,000 per year providing each child with food, clothing, shelter, and other essentials of life, with parental expenditures on children totaling 5% of gross domestic product. Several studies have shown that how children are assumed to interact with household expenditures and saving has first-order effects on judgments of the adequacy of retirement saving by US households, yet the effect of children on their parents’ ability and need to save for retirement is unresolved. This article uses data from the Panel Study of Income Dynamics (PSID) to track changes in household spending and saving as children transition to financial independence and parents’ transition from work into retirement. The PSID data accord with an interpretation of the life-cycle model in which parental households consume more and save less during the period children are being raised, but reduce consumption and increase saving as children become economically independent. These results point toward a more optimistic picture of the adequacy of US household retirement savings.

How much consumption insurance in the U.S.?

We identify two sets of households in the Panel Study of Income Dynamics (PSID) differing dramatically in their income and consumption dynamics, although both should be equally representative. The degree of consumption insurance in each subsample is consistent with the standard incomplete-markets model’s prediction. We contrast PSID and administrative earnings data and study the patterns in international datasets modeled on the PSID. We find an important role of differential attrition based on the dynamic properties of incomes in inducing the differences and identify PSID households providing a better guide to income dynamics and consumption insurance in the U.S.

Consumer financial literacy and the efficiency of mortgage‐related decisions: New evidence from the Panel Study of Income dynamics

AbstractThis study evaluated the link between financial literacy and household mortgage decisions. To this end, the longitudinal data set for the U.S. population from the Panel Study of Income Dynamics (PSID) was used. Evidence for links between financial literacy levels and (1) mortgage uptake, (2) mortgage interest rates and (3) mortgage refinancing decisions were examined using the two waves (2015 and 2017) of PSID data, combined with the 2016 PSID supplementary questionnaire examining the measured financial literacy of household members. Our results revealed a positive link between financial literacy and mortgage possession and, additionally, between financial literacy and the subsequent decision to take out a mortgage. Moreover, higher financial literacy scores were associated with lower mortgage interests and a greater likelihood of mortgage refinancing. On average, a household that refinanced its mortgage was able to reduce its interest rate by almost 0.7 percentage points, providing evidence of the positive role of financial literacy in securing better mortgage terms.

The Longitudinal Revolution: Sociological research at the 50-year milestone of the Panel Study of Income Dynamics.

The U.S. Panel Study of Income Dynamics (PSID) celebrated its 50th anniversary in 2018. Initially designed to assess the nation's progress in combatting poverty, PSID's scope broadened quickly to a variety of topics and fields of inquiry. To date, sociologists are the second-most frequent users of PSID data after economists. Here, we describe the ways in which PSID's history reflects shifts in social science scholarship and funding priorities over half a century, take stock of the most important sociological breakthroughs it facilitated, in particular those relying on the longitudinal structure of the data, and critically assess the unique advantages and limitations of the PSID and surveys like it for today's sociological scholarship.

CARING FOR CHILDREN WITH DEVELOPMENTAL DISABILITIES: WHAT ARE THE OUTCOMES FOR HEALTH IN AGING?

Eight to ten percent of children have a developmental disability (DD). Caring for a child with DD can be rewarding. It can also be difficult, particularly for older parents or other caregivers (hereafter parents). Few studies have examined their experiences. We followed parents for 18 years using the nationally representative Panel Study of Income Dynamics (PSID). We defined DD with criteria used in research and education law, as: (1) autism, intellectual disability, learning disorder, epilepsy with seizures, attention deficit disorder/attention deficit hyperactivity disorder, cerebral palsy, or traumatic brain injury; and (2) qualification for professional services. We used three waves of the PSID’s Childhood Development Study, 1997-2007, linking children’s and parents’ PSID data (n=4,070) to study three outcomes: parents “not very” or “not at all” satisfied with “life as a whole”; nonspecific psychological distress; and reports that depressive feelings interfered with life or activities “a lot.” Discrete-time hazard models controlled for: child disability; children’s and parents’ age, sex, and education; survey design; and repeated measures. Among parents ages 47-61 at baseline (65-79 in 2015), those who cared for a child with DD were significantly more likely to report low satisfaction with life (hazard ratio, HR 4.6, 95% confidence interval, CI 1.6-13.2), distress (HR 2.8, CI 1.1-6.9) and, among women, depressive feelings (HR 1.3 CI 1.0-1.8). We found no such differences for parents less than age 65 in 2015. Results highlight the need to provide emotional support, respite, or other services for older adults caring for children with disabilities.

Migration, Mobility, and Neighborhood Attainment: Using the PSID to Understand the Processes of Racial Stratification.

In this article we describe the considerable influence of the Panel Study of Income Dynamics (PSID) on research on residential migration, mobility, and neighborhood attainment, as well as the role of PSID-based research in housing policy debates. We review some of the central research findings and key discoveries that have come from analyses that have used the PSID. We then present new research, using PSID data that are linked to geographic data, to demonstrate how geographic moves are associated with changes in neighborhood poverty rates. The relationship differs markedly for blacks and whites, and our results add to a body of work that shows sharp racial differences in residential context, and the role that personal migration plays in shaping this stratification. Finally, we use these findings and the shortcomings of past research to prescribe ways that the PSID could be enhanced to understand more about migration dynamics and processes of residential stratification.

Intergenerational Mobility in the United States: What We Have Learned from the PSID.

This article reviews the contributions of the Panel Study of Income Dynamics (PSID) to the study of intergenerational mobility. The PSID enables researchers to track individuals as they form new households and covers many dimensions of socioeconomic status over large portions of the life cycle, making the data ideal for studying intergenerational mobility. Studies have used PSID data to show that the United States is among the least economically mobile countries among advanced economies. The PSID has been instrumental to understanding various dimensions of intergenerational mobility, including occupation; wealth; education; consumption; health; and group differences by gender, race, and region. Studies using the PSID have also cast light on the mechanisms behind intergenerational persistence.

Parental Income and Children's Life Course: Lessons from the Panel Study of Income Dynamics.

This article reviews how the Panel Study of Income Dynamics (PSID) has contributed to our understanding of the links between childhood economic conditions- in particular, the household incomes with very young children-and the economic attainment and health of those children when they reach adulthood. From its beginning, the PSID has provided data useful for addressing intergenerational questions. In the mid-1990s, PSID data supported a series of studies that link early childhood income to early adult attainments, particularly to completed schooling. At the same time, discoveries in neurobiology and epidemiology were beginning to provide details on the processes producing the observed correlations. These discoveries led to a more recent set of PSID-based studies that focus not only on labor market and behavioral outcomes, but also on links between income in the earliest stages of life (including the prenatal period) and adult health. Links between economic disadvantage in childhood and adult health, and the developmental neuroscience underlying those links, are promising areas for future research.

ADDRESSING RACIAL HEALTH DISPARITIES: LOOKING BACK TO POINT THE WAY FORWARD.

This article investigates the influence of family back-ground and neighborhood conditions during childhood on health later in life, with a focus on hypertension. To document the proportion of current adult racial health disparities rooted in early-life factors, I use nationally representative longitudinal data from the PSID spanning four decades. The results indicate that racial differences in early life neighborhood conditions and family background characteristics play a substantial role in explaining racial disparities in hypertension through at least age 50. Contemporaneous socioeconomic factors account for relatively little of the racial disparities in this health condition in adulthood. Second, I match the Panel Study of Income Dynamics data to county-level data on Medicaid expenditures during these cohorts' childhoods, and provide new causal evidence on the long-run returns to childhood Medicaid spending: Medicaid-induced increases in access to public health insurance led to significant reductions in the likelihood of low birth weight, increased educational attainment and adult income, and reduced adult mortality and the annual incidence of health problems.

Exploring long-term economic well-being and child outcomes with the Supplemental Poverty Measure: evidence from the Panel Study of Income Dynamics

ABSTRACTThis study is the first to use the Supplemental Poverty Measure (SPM) to reexamine the relationships between long-term economic well-being and child outcomes. We decompose the differences between the Official Poverty Measure (OPM) and the SPM and examine such relationships with 15 cognitive, physical, and social–emotional outcomes for 754 ten- to nineteen-year-olds as reported in the Panel Study of Income Dynamics (PSID) 2007 Child Development Supplement. Using PSID data from 1998 to 2006, we measure long-term economic well-being using the average natural logarithm of the ratio of family resources to the poverty threshold with a series of models, beginning with the OPM and converting it step-by-step into the SPM. We find that some steps in constructing the SPM, especially including in-kind benefits and using the SPM thresholds, weaken the relationships between our economic well-being measure and the cognitive outcomes, although including in-kind benefits strengthens the relationships with many of ...

M. R. Rank, R. A. Hirschl, &amp; K. A. Foster, Chasing the American Dream: Understanding What Shapes Our Fortunes

Rank, a nationally known professor of social welfare at Washington University in St. Louis, is joined by Hirschl, professor of sociology at Cornell University, and Foster, an assistant professor of social work at the University of South Carolina. Together they synthesize expertise in inequality, poverty, social class differentiation, and social justice issues. Combining new statistical analysis of over 40 years of data from the Panel Study of Income Dynamics (PSID) with focus groups, in-depth interviews, and a variety of nationally representative surveys, Rank, Hirschl, and Foster attempt to understand the contemporary meaning of the American Dream, the viability of various pathways to achieve the American Dream, and the continuing relevance of the American Dream. What they have produced is a compellingly persuasive book that has been carefully constructed to be palatable to a broad array of political ideologies and viewpoints. At its heart, this book is complex statistical analysis, but the authors have woven in first person accounts in a way that significantly increases the accessibility of their message. With fewer than 50 endnotes, the casual reader is not overwhelmed with academic minutia, yet scholars will be pleased with the two appendices describing the data sources and providing 11 additional pages of tables. After a short introduction that describes the research approaches and major themes of the book, the first section of the book focuses on what the American Dream means today. This section of the book relies heavily, but not exclusively, on the triangulation of findings from nine focus groups, 75 in-depth interviews, and a few national opinion surveys. These findings confirm that the American Dream means three things: (a) freedom to pursue individual life goals; (b) confidence that hard work will lead to economic security; and (c) the expectation that things will be better in the future for oneself and one’s children. It is these three—autonomy, security, and optimism—that have forged the American character and comprise the American Dream. In chapter two, the authors pause for four brief pages to summarize their first bit of PSID data that calculated the average percentage of Americans likely to access welfare benefits, fall into poverty, and become unemployed in any given year. Combined these three factors show that 79 % of Americans can expect to have at least 1 year of economic insecurity between the ages of 25 and 60; almost 50 % will have three such years; and slightly more than 50 % will have two consecutive years of economic insecurity. ‘‘During any 10 year period, approximately half of Americans will experience at least 1 year of economic insecurity’’ (p. 38). No wonder national surveys suggest that economic security is more important to most Americans than income mobility. The second section of the book contains four chapters assessing the pathways that are trod in pursuit of the American Dream. Chapter five documents the changing landscape of opportunities in America. In the 1960s, General Motors was the largest employer; today it is Walmart. The shift from manufacturing to service jobs has significantly changed the labor market and has resulted in higher levels of economic risk. Grouping PSID data into two age cohorts suggested that economic insecurity was higher for every age of worker in 1988–2008 when compared with the economic insecurity in 1968–1988. Since 1968, the bottom four quintiles of households have had a & Peter A. Kindle peter.kindle@usd.edu; http://scholar.google.com/citations?hl=en&user=Nfm__ ZcAAAAJ&view_op=list_works

Immigrants and Mortgage Delinquency

This article studies the effect of immigrant status on mortgage delinquency. Due to their different social and economic background, immigrant households may not integrate well into the host society, and therefore are more likely to be delinquent on mortgages than otherwise identical native‐born households. We test this hypothesis by comparing the mortgage delinquency rate between immigrant and native‐born households in the 2009 PSID (Panel Study of Income Dynamics) data, in which all the immigrant households have been in the United States for more than 10 years. We find that, after controlling for observables, those relatively recent immigrants who have been in the United States for 10 to 20 years have a higher mortgage delinquency rate than native‐born, while immigrants who have resided in the United States for more than 20 years are no different from native‐borns. In addition, there is no evidence that the second generation of immigrants is more likely to be delinquent than the third‐or‐higher generations. Our results are robust to potential sample‐selection bias and functional misspecifications.

Estimates of Annual Consumption Expenditures and Its Major Components in the PSID in Comparison to the CE.

Comprehensive data on consumption expenditures have historically not been collected in US longitudinal household surveys. The Panel Study of Income Dynamics (PSID) expanded its expenditure data collection in 1999 and 2005. We examine these new expenditure data, highlighting several unique features of the PSID data. We then compare the PSID expenditure data with those in the Consumer Expenditure Survey (CE). We document that the PSID data cover nearly the entire scope of the CE data, and the mean statistics of total expenditures compare favorably between the two surveys. However, significant differences remain for certain expenditure categories.

Parameter estimates comparison of earnings functions in the PSID and CPS data, 1976–2007

Comparing earnings equations in the Panel Study of Income Dynamics (PSID) and the Current Population Survey, we find that the PSID considerably underestimates the returns to education during the 1992–2007 period. Non-random selection in the PSID sample appears to be the reason.

The Wage Effects of Personal Smoking History

Why do we observe a wage differential between smokers and non-smokers? Pooling reports of current and prior smoking activity across 15 years from the Panel Study of Income Dynamics (PSID) allows the reconstruction of individual smoking histories. Dividing the sample into smoking history groups, the four largest of which are: persistent smokers, never smokers, former smokers, and future quitters reveals that there is no observed wage gap between former smokers and those who have never smoked. There is, however, a wage gap between those smokers who will continue smoking and three other groups of individuals: (1) those smokers who will quit smoking in the future, (2) those smokers who have quit smoking already, and (3) those who never smoked. The wage gap between smokers and non-smokers, observed in the 1986 cross-section, is largely driven by those who persist as smokers, 1986-2001. These results support the hypothesis that the cross-sectional wage differential is not driven by smoking per se, but may be driven by a non-causal explanation. One plausible interpretation is that a common factor such as myopia, leads to reduced investment in both health capital or firm-specific or other human capital.

Studying Consumption with the Panel Study of Income Dynamics: Comparisons with the Consumer Expenditure Survey and an Application to the Intergenerational Transmission of Well-Being

Beginning in 1999, the Panel Study of Income Dynamics (PSID) added new questions about several categories of consumption expenditure. The PSID now covers items that constitute more than seventy percent of total expenditure measured in the Consumer Expenditure Survey (CE). We show that expenditure for each of the broad categories in the PSID aligns closely with corresponding measures from the CE. Using the new PSID data, we impute total expenditure in the PSID and show that this is also very close to total measured CE expenditure. For several distinct categories and for total consumption, we show that cross-sectional life cycle estimates of household expenditure activity are very similar across the two surveys. Finally, we illustrate the unique research value of the PSID for studying consumption by exploiting the survey's longitudinal design and genealogical structure to estimate the intergenerational elasticity of consumption expenditure, which is found to be in the range of 0.32-0.34.

Studying Consumption with the Panel Study of Income Dynamics: Comparisons with the Consumer Expenditure Survey and an Application to the Intergenerational Transmission of Well-being

Beginning in 1999, the Panel Study of Income Dynamics (PSID) added new questions about several categories of consumption expenditure. The PSID now covers items that constitute more than seventy percent of total expenditure measured in the Consumer Expenditure Survey (CE). We show that expenditure for each of the broad categories in the PSID aligns closely with corresponding measures from the CE. Using the new PSID data, we impute total expenditure in the PSID and show that this is also very close to total measured CE expenditure. For several distinct categories and for total consumption, we show that cross-sectional life cycle estimates of household expenditure activity are very similar across the two surveys. Finally, we illustrate the unique research value of the PSID for studying consumption by exploiting the survey&amp;amp;#x27;s longitudinal design and genealogical structure to estimate the intergenerational elasticity of consumption expenditure, which is found to be in the range of 0.32-0.34.

Premarital Childbearing and Welfare Receipt: The Role of Mothers' Receipt

This study uses the 1968-91 Panel Study of Income Dynamics (PSID) to examine the relationship between mothers' receipt of Aid to Families with Dependent Children (AFDC) welfare benefits and their daughters' premarital childbearing and welfare receipt. The results for black females suggest that black daughters from welfare-recipient households were more likely to become adult welfare recipients than were black daughters from non-welfare-recipient households, but that there was only a weak relationship between mothers' welfare receipt and daughters' premarital childbearing. These results suggest that premarital childbearing was not an important variable mediating intergenerational transmission of welfare use in black families. Other results call into question previous findings using PSID data that suggest the existence of intergenerational welfare transmission among non-blacks. Specifically, it appears that the sample of non-black daughters in the PSID is insufficient to provide a satisfactory answer to the question of welfare transmission for that group.