Reconciling Estimates of Income Processes in Growth Rates and Levels

Iourii Manovskii, Dmytro Hryshko () and Moira Daly

No 1319, 2011 Meeting Papers from Society for Economic Dynamics

Abstract: It has been recently documented that the estimates of income processes using the moments for log-incomes in levels and differences deviate substantially. This has important quantitative implications for calibrated macro models. We propose a specification of the income process consistent with the moments in levels and growth rates, and estimate it using administrative data on labor incomes of Danish males for the period 1981--2006.

Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://red-files-public.s3.amazonaws.com/meetpapers/2011/paper_1319.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:sed011:1319

Access Statistics for this paper

More papers in 2011 Meeting Papers from Society for Economic Dynamics Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().