Panel Study of Income Dynamics

The Panel Study of Income Dynamics (PSID) is a long-term research project that tracks the same families over many years, starting in 1968. It gathers detailed information about their income, employment, education, and other social factors. By consistently following these families, researchers can study how economic and social conditions change over time, understand the impact of policy changes, and explore issues like poverty and mobility. This rich data helps policymakers and social scientists to make informed decisions and gain insights into American family dynamics and economic well-being.