Trends in the transitory variance of male earnings in the U.S., 1970-2004
By: Robert A. Moffitt, Peter Gottschalk
Contributors: Gottschalk, Peter; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16833; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16833.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "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"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 5/19/2011.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.