By the end of 2003, the PSID will have surveyed the economic and social well-being of over 65,000 individuals nationwide, spanning as much as 36 years of their lives. This abundance of knowledge has compelled both researchers and policy-makers to confront and learn from the dynamic economic and social processes affecting our lives. The PSID was created in 1968 by research scientists Frank P. Stafford, director of the Institute for Social Research (ISR) at the University of Michigan, and James Morgan, former director of ISR's Survey Research Center (SRC). The study has been the recipient of major NSF support via a continuing grant since the mid-1980's. The long-running study has produced a wealth of valuable knowledge, including both the intuitive and the surprising. It Runs in the Family "Our study results suggest the presence of a relationship that is quite intuitive, but one that has not been previously analyzed," Dr. Stafford says. "We find substantial intergenerational effects in that children's portfolio choices are influenced a great deal by the holdings of their parents."1 Time is Relative Rich or Poor? Home is Where the Mortgage Is Not the Stigma It Used To Be Results forthcoming from current research based on the PSID reveal:
By periodically reinventing itself, the PSID retains its value as a viable and robust tool. More than 10,000 customized data sets are delivered each year to researchers via its Internet Data Center. Since 1968, over 2,000 journal articles, books and chapters, dissertations and other works have drawn on PSID data, as have undergraduate courses at a number of universities and publicly-available online learning resources. With its on-going commitment to high-quality data, the PSID is well poised to maintain its position as the premier research tool of social science scholars. For more information, please see: Panel Study of Income Dynamics (PSID) 1 "Asset Ownership Across Generations", Ngina S. Chiteji and Frank P. Stafford, manuscript presented at the meetings of the American Economic Association, January, 1999. 2 "The Distribution of Children's Developmental Resources," Frank P. Stafford and W. Jean Yeung, Research manuscript presented at the International Research Consortium in the Economics of Time Use in the Household in St. Gerlach, The Netherlands, May 26-27, 2003. 3 "The Transition To Home Ownership And The Black-White Wealth Gap", Kerwin Kofi Charles, Erik Hurst. The Review of Economics & Statistics, May 2002, 84(2), 281-297. 4 "The Household Bankruptcy Decision," Scott Fay, Erik Hurst and Michelle J.White, American Economic Review, vol. 92:3, June 2002, pp. 706-718 5 "Evolution and Change in Family Income, Wealth and Health: The Panel Study of Income Dynamics, 1968-2000 and Beyond," Greg J. Duncan, Sandra L. Hofferth, and Frank P. Stafford, Chapter 6 from forthcoming publication from the Institute for Social Research (ISR). 6 First-round results from national study on philanthropy by the Center on Philanthropy at Indiana University and the University of Michigan's Institute for Social Research (ISR). 7 "Distribution of health insurance coverage by occupational characteristic: Results from the Panel Study of Income Dynamics," Stafford, Frank P. Working paper, University of Michigan, May 2003. This research is supported by the Economics Program with contributions from the Sociology Program, the Methodology, Measurement and Statistics Program and other federal agencies. Posted: June, 2003 |
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