Trends in the Transitory Variance of Male Earnings

Moffitt, Robert A.; Gottschalk, Peter

doi:10.3368/jhr.47.1.204

Cited by 57 publications

(73 citation statements)

References 54 publications

(77 reference statements)

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“…We observe that the transitory component increased during the period, although it tended to flatten out in the late 1980s. This is in line with the findings of the more parametrized models of Moffitt and Gottschalk (2012). We also find that the permanent component has been decreasing steadily throughout the sampling period.…”

Section: Empirical Applicationsupporting

confidence: 81%

“…In a recent paper, Moffitt and Gottschalk (2012) re-estimate the trend in the transitory variance of male earnings in the United States using the PSID from 1970 to 2004. They estimated both a simple one-factor model and more sophisticated error-component models, and found that the transitory variance started to increase in the early 1970s, continued to increase through the mid-1980s, and then remained at this new higher level through the 1990s and beyond.…”

Section: Empirical Applicationmentioning

confidence: 99%

“…We find evidence of substantial unobserved heterogeneity that goes beyond what is captured by the location-scale models commonly used in this literature. We further document the evolution of earnings inequality over time and compare it to the recent work by Moffitt and Gottschalk (2012).…”

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confidence: 99%

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Nonparametric estimation of finite measures

Bonhomme¹,

Jochmans²,

Robin³

2014

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract. The aim of this paper is to provide simple nonparametric methods to estimate finitemixture models from data with repeated measurements. Three measurements suffice for the mixture to be fully identified and so our approach can be used even with very short panel data. We provide distribution theory for estimators of the mixing proportions and the mixture distributions, and various functionals thereof. We also discuss inference on the number of components. These estimators are found to perform well in a series of Monte Carlo exercises. We apply our techniques to document heterogeneity in log annual earnings using PSID data spanning the period 1969-1998. Terms of use: Documents in EconStor may

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Section: Empirical Applicationsupporting

confidence: 81%

Section: Empirical Applicationmentioning

confidence: 99%

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Nonparametric estimation of finite measures

Bonhomme¹,

Jochmans²,

Robin³

2014

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“…We estimate the model using an equally-weighted minimum distance estimator, a standard approach in the literature since Moffitt and Gottschalk (1995). The model is just identified.…”

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confidence: 99%

Income uncertainty and household savings in China

Chamon

Liu

Prasad

2013

Journal of Development Economics

168

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.

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“…In the literature it is sometimes modeled with a longer ARMA structure. Hence, for example MACURDY [1982] and MOFFITT and GOTTSCHALK [2008] used an ARMA(1,2). More recently, MEGHIR and PISTAFERRI [2004] used ARCH processes.…”

Section: Iii1 Measuring Income Riskmentioning

confidence: 99%

Income and Consumption Risk: Evidence from France

Pistolesi¹

2014

Annals of Economics and Statistics

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Trends in the Transitory Variance of Male Earnings

Cited by 57 publications

References 54 publications

Nonparametric estimation of finite measures

Nonparametric estimation of finite measures

Income uncertainty and household savings in China

Income and Consumption Risk: Evidence from France

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