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Panel Study of Income Dynamics (PSID)

a PSC Data Resource

Resource Source:Institute for Social Research

Abstract

The Panel Study of Income Dynamics (PSID), begun in 1968, is a longitudinal study of a representative sample of U.S. individuals (men, women, and children) and the family units in which they reside. It emphasizes the dynamic aspects of economic and demographic behavior, but its content is broad, including sociological and psychological measures.

Annotation

The Panel Study of Income Dynamics (PSID), begun in 1968, is a longitudinal study of a representative sample of U.S. individuals (men, women, and children) and the family units in which they reside. It emphasizes the dynamic aspects of economic and demographic behavior, but its content is broad, including sociological and psychological measures. As a consequence of low attrition rates and the success in following young adults as they form their own families and recontact efforts (of those declining an interview in prior years), the sample size has grown from 4,800 families in 1968 to more than 7,000 families in 2001. At the conclusion of 2003 data collection, the PSID will have collected information about more than 65,000 individuals spanning as much as 36 years of their lives. The study is conducted at the Survey Research Center, Institute for Social Research, University of Michigan and has been made possible through the generous Sponsorship of government agencies, foundations, and other organizations over the years. Since 1982, the study has had an advisory Board of Overseers, appointed by the NSF to foster input from the national community of scholars, researchers, and policy makers. The study is currently directed by a team of Principal Investigators.

The Sample The PSID sample, originating in 1968, consisted of two independent samples: a cross-sectional national sample and a national sample of low-income families. The cross-sectional sample was drawn by the Survey Research Center (SRC). Commonly called the SRC sample, this was an equal probability sample of households from the 48 contiguous states and was designated to yield about 3,000 completed interviews. The second sample came from the Survey of Economic Opportunity (SEO), conducted by the Bureau of the Census for the Office of Economic Opportunity. In the mid-1960's, the PSID selected about 2,000 low-income families with heads under the age of sixty from SEO respondents. The sample, known as the SEO sample, was confined to Standard Metropolitan Statistical Areas (SMSA's) in the North and non-SMSA's in the Southern region. The PSID core sample combines the SRC and SEO samples.

Links:

Data and Doumentation (Source: Institute for Social Research)
Supplemental Data (Source: Institute for Social Research)
FAQ (Source: Institute for Social Data)
Transition into Adulthood Supplement (Source: Institute for Social Research)
PSID Tutorials (Source: Institute for Social Research )
Family Identification and Mapping System (FIMS) (Source: Institute for Social Research)
Summary Lists of PSID Data On Various Topics 1968 and Forward (Source: Institute for Social Research)

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