scholarly journals Trends in Men's Earnings Volatility: What Does the Panel Study of Income Dynamics Show?

2008 ◽  
Author(s):  
Donggyun Shin ◽  
Gary Solon
2018 ◽  
Vol 108 ◽  
pp. 287-291 ◽  
Author(s):  
Michael D. Carr ◽  
Emily E. Wiemers

Despite the rise in cross-sectional inequality since the late 1990s, there is little consensus on trends in earnings volatility during this period. Using consistent samples and methods in administrative earnings data matched to the Survey of Income and Program Participation (SIPP GSF) and survey data from the Panel Study of Income Dynamics (PSID), we examine earnings volatility for men from 1978 through 2011. In contrast to the apparent inconsistency in trends across administrative and survey data in the existing literature, we find recent increases in volatility in the SIPP GSF and the PSID, though increases are larger in the PSID.


Author(s):  
Sule Celik ◽  
Chinhui Juhn ◽  
Kristin McCue ◽  
Jesse Thompson

Abstract Recent papers find that earnings volatility is again on the rise (Dynan et al. 2008, and Shin and Solon 2011). Using household survey data—the matched Current Population Surveys and Survey of Income and Program Participation—and the newly available Longitudinal Employment and Household Dynamics administrative dataset, we find that earnings volatility was remarkably stable in the 1990s and through the mid 2000s. This evidence is in contrast to that from the Panel Study of Income Dynamics (PSID) which registers a sharp increase in the early 2000s. We investigate whether adjusting measures based on our sources to more closely match the characteristics of the PSID can reconcile this divergence in trends, but do not find a clear explanation for the divergence. We also find little evidence of a rise over this period in the components of volatility: volatility among job leavers, volatility among job stayers, and the fraction of workers who are job leavers.


Author(s):  
Donggyun Shin

Abstract Evidence on recent trends in men’s earnings volatility from the Panel Study of Income Dynamics (PSID) has been found to be at odds with evidence from some other sources. This study adds evidence from the National Longitudinal Survey of Youth, which turns out to be more consistent with the PSID.


2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Jane J. You

Abstract With the view of marriage as a legal institution to internalize externalities, I examine the effect of marriage on smoking. From analyzing the data of Panel Study of Income Dynamics, I found that unmarried individuals are more likely to smoke by 4.9% point than married individuals with stronger impact on females. The long-run impact of marriage also shows that the unmarried individuals smoke more than married individuals but some of its positive impact diminishes within two years. These results on the whole imply that marriage internalizes the negative externalities of smoking and thus leads smokers to reduce smoking.


2021 ◽  
pp. 1-26
Author(s):  
Johannes Norling

Abstract On average, childless women observed by the Panel Study of Income Dynamics report that they intend to have more children than they actually have. A collection of intentions that record only whether respondents intend to have another child can more accurately predict the number of children they have. Errors in the formation of intentions are not required to explain this finding. Rather, if intentions record a survey respondent's most likely predicted number of children, then the average of these intentions does not necessarily equal average actual fertility, even if intentions are formed using rational expectations.


Author(s):  
Bhashkar Mazumder

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.


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