Replication data for: Income Volatility and the PSID: Past Research and New Results

Principal Investigator(s):  View help for Principal Investigator(s) Robert Moffitt; Sisi Zhang

Version:  View help for Version V2

Name File Type Size Last Modified
LICENSE.txt text/plain 14.6 KB 10/12/2019 08:58:PM
PSID2015_analysis.do text/plain 9.5 KB 10/12/2019 08:58:PM
ReadMe_Update.pdf application/pdf 67.6 KB 11/19/2024 04:29:PM
change.txt text/plain 78 bytes 11/19/2024 04:31:PM
est_GMM.m text/plain 608 bytes 10/12/2019 08:58:PM
est_main.m text/plain 7 KB 10/12/2019 08:58:PM
est_merge_ind.do text/plain 1.4 KB 10/12/2019 08:58:PM
est_mom.m text/plain 4 KB 10/12/2019 08:58:PM
est_se_GMM.m text/plain 189 bytes 10/12/2019 08:58:PM
estnotime_GMM.m text/plain 620 bytes 10/12/2019 08:58:PM

Project Citation: 

Moffitt, Robert, and Zhang, Sisi. Replication data for: Income Volatility and the PSID: Past Research and New Results. Nashville, TN: American Economic Association [publisher], 2024. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-11-26. https://doi.org/10.3886/E114451V2

Project Description

Summary:  View help for Summary The PSID has major advantages for studying income volatility and, because of this, research using it has been responsible for major improvements in the methodology of studying income volatility. Its research on calendar trends finds a reasonably consistent pattern for phased but rising male earnings volatility since 1970. Female earnings volatility has declined and household income volatility has risen. Some other datasets find similar patterns but others do not, suggesting the need for more research. A new earnings volatility model is estimated on PSID men through 2014, showing similar patterns but with a large jump during the Great Recession.

Scope of Project

Subject Terms:  View help for Subject Terms Income volatility
JEL Classification:  View help for JEL Classification
      C81 Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
      D31 Personal Income, Wealth, and Their Distributions
      J31 Wage Level and Structure; Wage Differentials
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 1970 – 2016
Data Type(s):  View help for Data Type(s) survey data

Methodology

Data Source:  View help for Data Source Panel Study of Income Dynamics
Unit(s) of Observation:  View help for Unit(s) of Observation Individual,

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Published Versions

V2 [2024-11-26]

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DDI 2.5

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