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Income Dynamics (income + dynamics)
Selected AbstractsIncome Variance Dynamics and HeterogeneityECONOMETRICA, Issue 1 2004Costas Meghir Recent theoretical work has shown the importance of measuring microeconomic uncertainty for models of both general and partial equilibrium under imperfect insurance. In this paper the assumption of i.i.d. income innovations used in previous empirical studies is removed and the focus of the analysis is placed on models for the conditional variance of income shocks, which is related to the measure of risk emphasized by the theory. We first discriminate amongst various models of earnings determination that separate income shocks into idiosyncratic transitory and permanent components. We allow for education- and time-specific differences in the stochastic process for earnings and for measurement error. The conditional variance of the income shocks is modelled as a parsimonious ARCH process with both observable and unobserved heterogeneity. The empirical analysis is conducted on data drawn from the 1967,1992 Panel Study of Income Dynamics. We find strong evidence of sizeable ARCH effects as well as evidence of unobserved heterogeneity in the variances. [source] Spouse selection and earnings: evidence of marital sortingECONOMIC INQUIRY, Issue 2 2001RA Nakosteen This article investigates economic bases for individuals'selection of marriage partners. Its central focus is matching of spouse pairs based on unobservable components of hourly earnings. Using a data extract from the Panel Study of Income Dynamics, we have observations of individuals'wages before and immediately after marriage, along with their spouses'earnings after marriage. We exploit the data to estimate the relation between spouses'wage residuals. The evidence supports positive marital matching on the basis of earnings. The results are robust with respect to variations in the statistical framework of the model. [source] Precautionary Savings Behavior of Maritally Stressed CouplesFAMILY & CONSUMER SCIENCES RESEARCH JOURNAL, Issue 3 2006Michael S. Finke According to precautionary savings theory, households tend to save more when future income is less certain. Divorce often results in reduced levels of household income and individual consumption comparable to other potential income shocks. Households that will divorce or separate in 5 years are identified from the Panel Study of Income Dynamics (1994,1999) to determine whether these households maintain greater wealth holdings in anticipation of divorce. When spouses earn comparable incomes, divorce-prone households have significantly higher wealth levels (p < .01) than households that remain married. When there is a higher-earning spouse, households have significantly lower wealth levels (p < .01) than households that remain married. Results suggest that spouses with comparable earnings treat divorce as a wealth shock, whereas higher-earning spouses rationally dissave when divorce is imminent. Equitable wealth allocation for lower-earning spouses may require a more detailed investigation of predivorce wealth changes. [source] RETIREMENT WEALTH AND LIFETIME EARNINGS,INTERNATIONAL ECONOMIC REVIEW, Issue 2 2007Lutz Hendricks This article argues that a satisfactory theory of wealth inequality should account not only for the marginal distribution of wealth, but also for the joint distribution of wealth and earnings. The article describes the joint distribution of retirement wealth and lifetime earnings in the Panel Study of Income Dynamics. It then evaluates the ability of a stochastic life-cycle model to account for key features of this distribution. The life-cycle model fails to account for three key features of the data. (1) The correlation between lifetime earnings and retirement wealth is too high. (2) The wealth gaps between earnings rich and earnings poor households are too large. (3) Wealth inequality among households with similar lifetime earnings is too small. Models in which households differ in rates of return or time preferences account much better for the joint distribution of retirement wealth and lifetime earnings. [source] Geographic Mobility and Spatial Assimilation among U. S. Latino Immigrants,INTERNATIONAL MIGRATION REVIEW, Issue 3 2005Scott J. South Although the spatial assimilation of immigrants to the United States has important implications for social theory and social policy, few studies have explored the atterns and determinants of interneighborhood geographic mobility that lead to immigrants'residential proximity to the white, non-Hispanic majority. We explore this issue by merging data from three different sources - the Latino National Political Survey, the Panel Study of Income Dynamics, and tract-level census data - to begin unraveling causal relationships among indicators of socioeconomic, social, cultural, segmented, and spatial assimilation. Our longitudinal analysis of 700 Mexican, Puerto Rican, and Cuban immigrants followed from 1990 to 1995 finds broad support for hypotheses derived from the classical account of minority assimilation. High income, English language use, and embeddedness in Anglo social contexts increase Latino immigrants'geographic mobility into Anglo neighborhoods. U. S. citizenship and years spent in the United Stares are ppsidvely associated with geographic mobility into more Anglo neighbor oods, and coethnic contact is inversely associated with this form of mobility, but these associations operate largely through other redictors. Prior experiences of ethnic discrimination increase and residence in public housing decreases the likelihood that Latino immigrants will move from their origin neighborhoods, while residing in metropolitan areas with large Latino populations leads to geographic moves into "less Anglo" census tracts. [source] Educational Attainments of Immigrant Offspring: Success or Segmented Assimilation?,INTERNATIONAL MIGRATION REVIEW, Issue 4 2002Monica Boyd In this article, I study the educational attainments of the adult offspring of immigrants, analyzing data from the 1996 panel of the Survey of Labour and Income Dynamics (SLID). Fielded annually since 1993 by Statistics Canada, respondents are asked for the first time in 1996 to report the birthplaces of their parents, making it possible to define and study not only the foreign-born population (the first generation), but also the second generation (Canadian born to foreign-born parents) and the third-plus generation (Canadian born to Canadian-born parents). The survey also asked respondents to indicate if they are members of a visible minority group, thus permitting a limited assessment of whether or not color conditions educational achievements of immigrant offspring. I find that "1.5" and second generation adults, age 20,64 have more years of schooling and higher percentages completing high school compared with the third-plus generation. Contrary to the segmented "underclass" assimilation model found in the United States, adult visible minority immigrant offspring in Canada exceed the educational attainments of other not-visible-minority groups. Although the analysis is hampered by small sample numbers, the results point to country differences in historical and contemporary race relations, and call for additional national and cross-national research. [source] Unemployment and liquidity constraintsJOURNAL OF APPLIED ECONOMETRICS, Issue 3 2007Vassilis A. Hajivassiliou We present a dynamic framework for the interaction between borrowing (liquidity) constraints and deviations of actual hours from desired hours, both measured by discrete-valued indicators, and estimate it as a system of dynamic binary and ordered probit models with panel data from the Panel Study of Income Dynamics. We analyze a household's propensity to be liquidity constrained by means of a dynamic binary probit model. We analyze qualitative aspects of the conditions of employment, namely whether the household head is involuntarily overemployed, voluntarily employed, or involuntarily underemployed or unemployed, by means of a dynamic ordered probit model. We focus on the possible interaction between the two types of constraints. We estimate these models jointly using maximum simulated likelihood, where we allow for individual random effects along with an autoregressive process for the general error term in each equation. A novel feature of our method is that it allows for the random effects to be correlated with regressors in a time-invariant fashion. Our results provide strong support for the basic theory of constrained behavior and the interaction between liquidity constraints and exogenous constraints on labor supply. Copyright © 2007 John Wiley & Sons, Ltd. [source] Poverty in America 1970,1990: who did gain ground?JOURNAL OF APPLIED ECONOMETRICS, Issue 6 2003An application of stochastic dominance criteria employing simultaneous inequality tests in a partial panel Atkinson (1987) proposed stochastic dominance criteria for analysing poverty which, under certain conditions, establish orderings of states for any poverty line and any poverty measure within given class, refocusing debate on the nature of the income distribution of the poor. Employing new empirical techniques, these criteria are implemented for the United States from 1970 to 1990 using the Panel Study of Income Dynamics. Results highlight the pivotal role of family size scale economies in consumption, indicate different experiences for white versus non-white groups and suggest that optimism over the progress of the poor is not warranted. Copyright © 2003 John Wiley & Sons, Ltd. [source] A New Look at Husbands' and Wives' Time AllocationJOURNAL OF CONSUMER AFFAIRS, Issue 1 2004MOHAMMAD ALENEZI The impacts of economic and non-economic factors on husbands' and wives' market work time and housework time are estimated using 13 years of data from the Panel Survey of Income Dynamics. Several limitations in earlier studies are addressed, and a unique feature of the study is the direct estimation of effects on time allocation from changes in the prices of market-produced goods and input goods in household production. Many of the findings of earlier studies are reconfirmed, but new insights are also explored. Husbands and wives respond similarly in their time allocations to changes in input goods prices, but their responses are different to changes in market goods prices. [source] Multilevel Models in Family Research: Some Conceptual and Methodological IssuesJOURNAL OF MARRIAGE AND FAMILY, Issue 2 2002Jay Teachman Examining the impact of context on individual-level outcomes has become an increasingly common undertaking in the social sciences. The growth in concern for identifying the effects of macrolevel characteristics has generated both theoretical and methodological advancements. In this issue of Journal of Marriage and Family, Butler (2002) researches whether the effect of welfare benefit levels on premarital childbearing varies by context, Hoffmann (2002) researches the effect of context on adolescent drug use, and Simons et al. (2002) examine how the relationship between parenting and child conduct varies by context. These articles are used as a background to discuss important theoretical and methodological issues surrounding the analysis of multilevel data. The authors present a simple analysis of data pertaining to age at first marriage taken from the Panel Study of Income Dynamics and merged with census data to measure contextual effects as a pedagogical device for introducing readers to the benefits of multilevel modeling. [source] Welfare, Premarital Childbearing, and the Role of Normative Climate: 1968,1994JOURNAL OF MARRIAGE AND FAMILY, Issue 2 2002Amy C. Butler Nationally representative, longitudinal survey data from the Panel Study of Income Dynamics were used to examine the conditions under which welfare benefit levels affected the likelihood that low-income women age 15,24 bore their first child prior to marriage. Benefit levels had a positive effect on premarital childbearing during the 1980s and early 1990s but not during the 1970s or late 1960s. The effect of benefit levels was also stronger where community attitudes toward premarital sex were more tolerant than where attitudes were less tolerant, but this did not account for the varying effect of benefit levels over time. The study introduces a new way of measuring normative climate using attitudinal data from the General Social Surveys. [source] How American Children Spend Their TimeJOURNAL OF MARRIAGE AND FAMILY, Issue 2 2001Sandra L. Hofferth The purpose of this article is to examine how American children under age 13 spend their time, sources of variation in time use, and associations with achievement and behavior. Data come from the 1997 Child Development Supplement to the Panel Study of Income Dynamics. The results suggest that parents' characteristics and decisions regarding marriage, family size, and employment affect the time children spend in educational, structured, and family activities, which may affect their school achievement. Learning activities such as reading for pleasure are associated with higher achievement, as is structured time spent playing sports and in social activities. Family time spent at meals and time spent sleeping are linked to fewer behavior problems, as measured by the child's score on the Behavior Problems Index. The results support common language and myth about the optimal use of time for child development. [source] Maternal employment and teenage childbearing: Evidence from the PSIDJOURNAL OF POLICY ANALYSIS AND MANAGEMENT, Issue 1 2005Leonard M. LopooArticle first published online: 17 NOV 200 Over the last 30 years, the tenet of promoting self-sufficiency through work has become one of the primary objectives of many social welfare policies in the United States. Using the Panel Study of Income Dynamics, the author asks if a mother's work hours influence her daughter's teenage fertility. The findings suggest a negative relationship, with the largest effects for the daughters of mothers who work more than 1,000 hours per year. Results among AFDC recipients suggest that an increase in a mother's work hours from zero to 20 hours per week reduces her daughter's probability of a teen birth by 33 percent. © 2005 by the Association for Public Policy Analysis and Management. [source] EXITS FROM HOMEOWNERSHIP: THE EFFECTS OF RACE, ETHNICITY, AND INCOME,JOURNAL OF REGIONAL SCIENCE, Issue 1 2009Tracy M. Turner ABSTRACT This paper examines the extent to which populations experiencing low homeownership rates in the U.S. also experience high homeownership exit rates. We determine whether low-income Hispanic and black households that achieve homeownership are as likely as white and high-income households to sustain it. Using the Panel Study of Income Dynamics spanning the years 1970,2005, we find that low-income homeowners consistently have higher homeownership exit rates, Hispanic households have higher raw exit rates prior to but not subsequent to 1997, and a black/white sustainability gap appears to arise post-1997. [source] INVESTMENT RISK AND THE TRANSITION INTO HOMEOWNERSHIP,JOURNAL OF REGIONAL SCIENCE, Issue 2 2007Tracy M. Turner R0; D12; D84 ABSTRACT This paper investigates the extent to which house,price uncertainty affects the transition of renter households into homeownership. Using a 14-year household panel from the Panel Study of Income Dynamics during the years 1984,1997 and measures of the time-varying risk and return to owner-occupied housing, we estimate a Cox proportional hazard model of the effect of house,price volatility on the transition into homeownership. Results indicate that house,price uncertainty has a negative and dramatic impact on transitions into homeownership. In addition, we find that the low-wealth renters are particularly sensitive to house,price risk. [source] Shared Family Activities and the Transition From Childhood Into AdolescenceJOURNAL OF RESEARCH ON ADOLESCENCE, Issue 1 2008Robert Crosnoe Drawing on time use data from the Child Development Supplement of the Panel Study of Income Dynamics, this study identified five different profiles of shared time between parents and young people at different stages of development. In childhood, all profiles had high rates of shared television viewing, but some were oriented toward in-home activities and others toward activities outside the home (e.g., cultural events). These latter profiles tended to be higher in socioeconomic advantage, and the young people in them tended to demonstrate greater gains in math, but not reading, achievement across the transition into adolescence. In adolescence, shared activity profiles favored low amounts of shared time between parents and adolescents across activities and disfavored shared time in public domains. [source] GEOGRAPHIC DIFFERENCES IN HOUSING PRICES AND THE WELL-BEING OF CHILDREN AND PARENTSJOURNAL OF URBAN AFFAIRS, Issue 2 2009JOSEPH HARKNESS ABSTRACT:,This article contributes to the ongoing discussion about whether the official poverty measure should be adjusted for geographic differences in the cost of living (COL). Part of the support for spatial COL adjustments is the concern that the reduced purchasing power of the poor in higher-priced areas could jeopardize the health and well-being of children and parents. The results of this analysis of the Panel Study of Income Dynamics and its Child Development Supplement do not support this view. We find that children growing up in higher-priced housing markets appear to fare no worse than those in lower-priced markets. [source] Incentives and the Work Decisions of Welfare Recipients: Evidence from the Panel Survey of Income Dynamics, 1981-1988AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 3 2000Kevin Duncan First page of article [source] Breastfeeding as obesity prevention in the United States: A sibling difference modelAMERICAN JOURNAL OF HUMAN BIOLOGY, Issue 3 2010Molly W. Metzger In light of the growing prevalence of obesity in the United States, and the health risks associated with childhood obesity in particular, it is critical to identify avenues for obesity prevention. This study tests the hypothesis that breastfeeding serves as one protective factor against children's subsequent development of obesity. We used linear-, logistic-, and sibling fixed-effects regression models to evaluate the association between infant feeding history and body mass index (BMI) in late childhood or adolescence (9,19 years, mean = 14 years). Complete data were available for 976 participants (488 sibling pairs) in the 2002 Child Development Supplement of the Panel Study of Income Dynamics, a nationally representative survey of families in the United States. In sibling pairs in which only one sibling was breastfed, the breastfed sibling had an adolescent BMI that was 0.39 standard deviations lower than his or her sibling, controlling for child-specific factors that may have influenced parents' feeding decisions. This effect is equivalent to a difference of more than 13 pounds for a 14-year-old child of average height. Furthermore, fixed-effects logistic regressions predicting overweight and obese status showed that breastfed siblings were less likely to reach those BMI thresholds. We therefore conclude that breastfeeding in infancy may be an important protective factor against the development of obesity in the United States. The application of a sibling fixed-effects model provides stronger evidence of a causal relationship than prior research reporting similar patterns of association. Am. J. Hum. Biol. 2010. © 2009 Wiley-Liss, Inc. [source] An evolutionary ecological perspective on demographic transitions: Modeling multiple currenciesAMERICAN JOURNAL OF HUMAN BIOLOGY, Issue 2 2002Bobbi S. Low Life history theory postulates tradeoffs of current versus future reproduction; today women face evolutionarily novel versions of these tradeoffs. Optimal age at first birth is the result of tradeoffs in fertility and mortality; ceteris paribus, early reproduction is advantageous. Yet modern women in developed nations experience relatively late first births; they appear to be trading off socioeconomic status and the paths to raised SES, education and work, against early fertility. Here, [1] using delineating parameter values drawn from data in the literature, we model these tradeoffs to determine how much socioeconomic advantage will compensate for delayed first births and lower lifetime fertility; and [2] we examine the effects of work and education on women's lifetime and age-specific fertility using data from seven cohorts in the Panel Study of Income Dynamics (PSID). Am. J. Hum. Biol. 14:149,167, 2002. © 2002 Wiley-Liss, Inc. [source] Differences in access to wage replacement benefits for absences due to work-related injury or illness in CanadaAMERICAN JOURNAL OF INDUSTRIAL MEDICINE, Issue 4 2009Peter M. Smith Abstract Background The objective of this article is to examine the factors associated with differences in access to income replacement benefits for workers experiencing a work-related injury or illness of 1-week or longer in the Canadian labor force. Methods This study utilized data from the Survey of Labour and Income Dynamics, a representative longitudinal survey conducted by Statistics Canada. A total of 3,352 work-related absences were identified. Logistic regression models examined factors at the individual, occupational, and geographic level that were associated with the probability of receiving compensation. Results The probability of not receiving employer or workers' compensation benefits was higher among women, immigrants in their first 10 years in Canada, younger workers, respondents who were in their first year of a job, those who were not members of a union or collective bargaining agreement, and part-time workers. Conclusions More research is required to understand why almost 50% of respondents with 1-week or longer work-related absences did not report receiving workers' compensation payments following their absence. More importantly, research is required to understand why particular groups of workers are more likely to be excluded from any type of compensation for lost earnings after a work-related injury and illness in Canada. Am. J. Ind. Med. 52:341,349, 2009. © 2009 Wiley-Liss, Inc. [source] The Dynamics of Homeownership: Eliminating the Gap Between African American and White HouseholdsREAL ESTATE ECONOMICS, Issue 4 2009Thomas P. Boehm This article uses a sample of young renters from the Panel Study of Income Dynamics and a continuous-time econometric model to explore not only the initial tenure transition to first-time homeownership, but also subsequent possible tenure transitions to a second owned home, back to rental tenure and, indirectly, to a second owned home from rental tenure. Once estimated, the predicted probabilities of these transitions are used to calculate the probability of homeownership at various times for households in the sample. These estimates are done separately for African Americans and whites for two different 11-year time intervals, 1987,1997 and 1993,2003. A primary result is that if African American education, income, net wealth and savings behavior could be brought in line with that of white households the majority of the racial gap in homeownership could be eliminated in either time period. [source] Precautionary wealth accumulation: evidence from Canadian microdataCANADIAN JOURNAL OF ECONOMICS, Issue 4 2006Sule Alan Wealth information is obtained from the master files of the new Canadian Survey of Financial Security 1999 (SFS). Labour income risk proxies are constucted by industry using the Canadian Survey of Labour and Income Dynamics (SLID) between 1996 and 2001. The empirical results suggest the presence of a strong precautionary saving motive among Canadian households for broad definitions of wealth. Furthermore, consistent with the buffer-stock-saving model, the level of precautionary funds significantly increases when households face liquidity constraints. Ce texte calcule l'effet de l'incertitude du revenu de travail sur l'accumulation de la richesse à l'aide de deux sources de données. Les données sur la richesse sont tirées des résultats de l'Enquête sur la sécurité financière (ESF) de 1999. Les coefficients de risque attachés aux diverses industries sont développés à partir des résultats de l'Enquête sur la dynamique du travail et du revenu (EDTR) entre 1996 et 2001. Les résultats empiriques suggèrent la présence d'une forte motivation des ménages canadiens àépargner aux fins de précaution, si l'on accepte des définitions assez compréhensives de la richesse. De plus, d'une manière qui correspond au modèle d'épargne pour stockage tampon, le niveau des fonds aux fins de précaution s'accroît de manière significative à proportion que les ménages font face à des contraintes de liquidité. [source] Labor Market Transitions of Immigrant-Born, Refugee-Born, and Canadian-Born YouthCANADIAN REVIEW OF SOCIOLOGY/REVUE CANADIENNE DE SOCIOLOGIE, Issue 2 2008LORI WILKINSON Cet article a pour but d'analyser les expériences du marché du travail des jeunes nés de parents immigrants, réfugiés et canadiens en utilisant deux ensembles de données de 1998, l'Enquête sur la dynamique du travail et du revenu, et L'enquête sur le rétablissement des réfugiés en Alberta. Son ambition première est de comprendre leurs expériences de travail, étant donné qu'elles sont essentielles à leur intégration et à leur passage à l'âge adulte. D'un point de vue pratique, les résultats aident les fournisseurs de services de première ligne en procurant de l'information supplémentaire sur les besoins liés à l'emploi des jeunes nouveaux arrivants. Théoriquement, cette étude a pour objectif de mieux comprendre un des aspects de l'intégration , l'emploi ,, étant donné que l'information actuelle ne décrit pas adéquatement les expériences de ces jeunes. Dans l'ensemble, cette recherche augmente les connaissances sur l'intégration des jeunes nés de parents immigrants et réfugiés sur le marché canadien du travail. This paper examines the labor market experiences of immigrant-born, refugee-born, and Canadian-born youth using two data sets, the 1998 Survey on Labour and Income Dynamics and the 1998 Refugee Resettlement to Alberta Survey. Its main objective is to understand their job experiences as they are crucial to their integration and transition to adulthood. On a practical level, the findings help front-line service providers by providing additional information about the employment-related needs of newcomer youth. Theoretically, this research aims to develop a better understanding of one aspect of the integration, employment, as current information does not adequately describe the experiences of newcomer youth. Taken together, this research increases knowledge about the integration of immigrant-born and refugee-born youth in the Canadian labor market. [source] | |||||||||||||