Toda, Alexis Akira - In: Journal of Economic Behavior & Organization 84 (2012) 1, pp. 364-381
Conditional on education and experience, the distribution of personal labor income appears to be double Pareto, a distribution that obeys the power law in both the upper and lower tails. In particular, the error term of the classical Mincer equation appears to be Laplace, or double exponential....