Consumption Mobility in the United States: Evidence from Two Panel Data Sets

Author(s):  
Jonathan D Fisher ◽  
David S Johnson

Abstract This paper examines inequality and mobility using measures of income and consumption. Consumption is claimed to be a better measure of permanent income and thus well-being, but most studies of inequality and mobility using U.S. data use income.This paper uses cohort data from the Consumer Expenditure Surveys on total consumption to impute consumption in the Panel Study of Income Dynamics. Then, we use this imputed consumption and actual income from the PSID to examine changes in inequality and mobility. Similar to earlier findings, we show that there has been a large increase in income inequality but no concurrent increase in consumption inequality in the 1990s. Conversely, income mobility and consumption mobility are similar during this time period.Finally, we link the concepts of inequality and mobility using a social welfare function. The results suggest that income mobility and consumption mobility more than offset the increases in inequality.

2012 ◽  
Vol 17 (1) ◽  
pp. 172-194 ◽  
Author(s):  
Gueorgui Kambourov ◽  
Iourii Manovskii

The monthly Current Population Survey (CPS), with its annual demographic March supplement, and the Panel Study of Income Dynamics (PSID) are the leading sources of data on worker reallocation across occupations, industries, and firms. Much of the active current research is based on these data. In this paper, we contrast these data sets as sources of data for measuring the dynamics of worker mobility. We find that (i) (March) CPS data are characterized by a substantial amount of noise when it comes to identifying occupational and industry switches; (ii) March CPS data provide a poor measure of annual occupational mobility and, instead, most likely measure mobility over a much shorter period; (iii) (the changes in) the procedure to impute missing data have a dramatic effect on the interpretation of the CPS data in, e.g., the trend in occupational mobility. The most important shortcomings of the PSID are the facts that (i) occupational and industry affiliation data are available in most years at an annual frequency; (ii) the PSID's sample, by design, excludes immigrants arriving in the United States after 1968; (iii) the Retrospective Occupation–Industry Files with reliable occupation and industry affiliation data are available only until 1980.


2019 ◽  
Author(s):  
Sebastian Daza ◽  
alberto palloni ◽  
Jerrett Jones

Previous research suggests that incarceration has negative implications for individuals’ well-being, health, and mortality. Most of these studies, though, do not follow former prisoners over extended periods of time and into older adult ages when it is more likely that cumulative consequences of incarceration will be felt. This paper contributes to this literature by employing for the first time the Panel Study of Income Dynamics (PSID) to estimate the long-run association between individual incarceration and mortality over nearly 40 years, and supplementing those analyses with the National Longitudinal Survey of Youth 1979 (NLSY79). We then use these estimates to investigate the implications of the US incarceration regime and the post-1980 incarceration boom for the US health and mortality disadvantage relative to industrialized peer countries (the United Kingdom).


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.


2020 ◽  
Author(s):  
HAO-CHUN CHENG

Previous studies showed that assortative mating occurred based on different social dimensions, such as age, education, and race or ethnicity. However, these studies ignored the potential impact of place of origin on people’s place identity and habitus and their associations with assortative mating in the United States. Using the Panel Study of Income Dynamics (PSID), in conjunction with the Current Population Survey (CPS), this study finds a clear pattern of assortative mating based on place of origin. Moreover, the results suggest that there are regional differences in assortative mating by place of origin, especially for women. Also, the length of residence shapes people’s habitus and thus the pattern of homogeneous matching by place of origin. The significant effects of race or ethnicity and the conditions of the marriage market before marriage vary by scale of place and gender. These findings suggest that place of origin is another dimension of assortative mating.


Author(s):  
Kenneth A. Couch

Employment tenure, job turnover and returns to general and specific skills are examined for male workers in Germany and the United States using data from the German Socio-Economic Panel and the Panel Study of Income Dynamics.  Employment in Germany is characterized by longer duration and less frequent turnover than in the United States.  Returns to experience and tenure are lower in Germany than in the U.S.; however, peak earnings occur later.  This delayed peak in the employment-earnings profile provides an incentive for German workers to remain longer with their employers and change jobs less frequently.


2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S279-S279
Author(s):  
Sarah B Laditka ◽  
James N Laditka ◽  
Ahmed Arif ◽  
Jessica Hoyle

Abstract Work exposures to asthma triggers can cause or aggravate asthma, which affects twenty-five million Americans including many older workers, and retirees who want to work or need to do so for income. Asthma trigger exposures have particular risk for older workers. Older adults who develop asthma have poorer health outcomes than people who had childhood asthma, yet older workers with low incomes may have limited ability to leave a job despite health risks. We studied occupation-related asthma using the nationally representative Panel Study of Income Dynamics (PSID) (1968-2015, n=13,957, 205,498 person-years). We compared asthma outcomes in occupations with likely asthma trigger exposures to those in occupations with limited exposures. Methods included: prevalence ratios; incidence risk ratios (log-binomial regression adjusted for age, sex, race/ethnicity, education, atopy, current and past smoking, and survey design); attributable risk fractions; population attributable risks; and microsimulation. The adjusted prevalence ratio comparing high risk occupations to low was 4.1 (95% confidence interval, CI 3.5-4.8); adjusted risk ratio 2.6 (CI 1.8-3.9); attributable risk 16.7% (CI 8.5-23.6); population attributable risk 11.3% (CI 5.0-17.2). In microsimulations, 14.9% (CI 13.4-16.3) with low trigger exposures reported asthma during working life, compared with 23.9% (CI 22.3-26.0) with high exposures. Asthma triggers at work may cause or aggravate more than 10% of adult asthma, and increase asthma risk by 60%. Lung health contributes importantly to well-being, and the ability to work at older ages. Results highlight needs for policies and employer actions to reduce asthma trigger exposures, and for public education about lung health.


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