In a study examining how changes in income and wealth affect changes in consumption, and whether these changes are more dramatic at higher or lower levels of wealth, David Johnson, Director of ISR’s Panel Study of Income Dynamics, and colleagues analyze PSID data for the same individuals, 1999-2013. Johnson says: “In order to really evaluate the rate of consumption, you have to look at income, consumption and wealth together. The Panel Study of Income Dynamics is the only dataset that has all three.”

More about Johnson et al. analyze interplay of consumption with inequalities in income and wealth >