We're data geeks here at State of Opportunity. And there's a treasure trove of data (and more to come!) housed at the Institute for Social Research at the University of Michigan. The Panel Study of Income Dynamics (PSID) has been around since 1968 and is the longest-running household panel survey in the world. We're talking tens of thousands of data points from more than 70,000 individuals over more than four decades.
Researchers have mined PSID data for all kinds of economic mobility studies. My colleague Dustin Dwyer blogged about it back in 2012 before he went to a U of M conference where social scientists presented their findings using PSID data across three generations:
I've already had a chance to look at some of the papers that will be presented, and there are some tantalizing findings. Jean Yeung of the National University of Singapore and two co-authors from New York University looked at the black-white achievement gap across three generations. They found evidence that discrimination in the grandparent's generation had an impact on children's outcomes decades later.
Other papers look at the effects of extended family – aunts, uncles, cousins – to see how they affect economic mobility in other countries.
And now there's a new generation to add to the mix. All of the children in the original cohort will have reached adulthood by this year, so PSID researchers will collect information on this new generation of kids ages 0 to 17.