Health, Wealth, and Pensions Over the Life Course in a Long Panel

Investigators:   Robert F. Schoeni, Frank P. Stafford

The Panel Study of Income Dynamics (PSID) is a longitudinal survey of a nationally representative sample of U.S. families that began in 1968. With 34 waves of data collected on the same families and their descendents as of 2005, the PSID can justly be considered a cornerstone of the nation’s data infrastructure for empirically based social science research. Through its long-term measures of economic and social well being, and based on its weighted representative sample of U.S. families, the study has compelled both researchers and policy makers to confront and learn from the dynamism inherent in social and behavioral processes. The PSID’s genealogical design and long-term panel have been central to the fundamental understanding of key social science issues including: saving and wealth accumulation; health disparities; intergenerational correlations in wealth; income dynamics including old-age poverty; intergenerational transfers; gender and racial gaps in economic status; mortality; retirement transitions; life-cycle consumption patterns; pension plan participation; family formation and dissolution; living arrangements; and the effect of neighborhoods. The PSID is uniquely positioned to improve our understanding of the effects of early and mid-life circumstances on health, economic well-being, and mortality in later life. With continued collection of health, wealth, and pension data, the PSID is becoming the only survey on life course and multigenerational health and wealth in a long-term panel representative of the full U.S. population. These data will support research on the pre-retirement period, the retirement transition, and post-retirement health and economic dynamics for numerous birth cohorts.



This application proposes to collect, process, and disseminate data for three main PSID survey modules that would be included in the 2007, 2009, and 2011 waves.

Funding Period: 06/15/2007 to 05/31/2013


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