PANEL ATTRITION FROM THE PANEL STUDY OF INCOME DYNAMICS - HOUSEHOLD INCOME, MARITAL-STATUS, AND MORTALITY

This analysis is concerned with the determinants of panel attrition fr om the Panel Study of Income Dynamics and with its consequences for es timation of dynamic behavioral models which exploit the panel or longi tudinal information-household income dynamics, marriage formation and dissolution. and adult mortality risk. We develop and estimate joint m odels of attrition and one or more of these substantive processes, and allow for correlation across the equations through random effects. Al though we find evidence of significant selectivity in attrition behavi or, the biases that are introduced by ignoring selective attrition are very mild.