The James Morgan Innovation in the Analysis of Economic Behavior Fund encourages U-M graduate students to use the Panel Study of Income Dynamics (PSID) data in new and original ways. Whereas the Monitoring the Future surveys teenagers specifically, PSID data surveys families and family members throughout their lives: from childhood, to adulthood, through aging. To continue his spirit of substantive and methodological innovation in the analysis of economic behavior, Jim and his family established this fund to help graduate students in their research and use of PSID data. Beginning in 2019, the Morgan Innovation Award has been expanded to include one semester of stipend, tuition and health insurance. This year’s recipient is Davis Daumler, a Ph.D. candidate in Sociology. Working with Fabian Pfeffer, Davis will use the PSID to gain a better understanding of the dynamics of poverty in the U.S. in order to determine who is most at risk of persistent hardship.