 Trends in the Transitory Variance of Male Earnings in the U.S., 1970-2004Robert Moffitt and Peter Gottschalk No 16833, NBER Working Papers from National Bureau of Economic Research, Inc Abstract: We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income Dynamics from 1970 to 2004. Using both an error components model as well as simpler but only approximate methods, we find 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. Thus the increase mostly occurred about thirty years ago. Its increase accounts for between 31 and 49 percent of the total rise in cross-sectional variance, depending on the time period. JEL-codes: J31 (search for similar items in EconPapers) Published as T re nds in th e T ra nsi tor y Var ia nce of Ma le Ear nin gs in t he U.S ., 19 70- 2004 . J our nal of Hum an Re sou rc es, Wi nte r, 2 012. Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:16833 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC. |
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