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In this paper, we introduce and apply a general framework for evaluating long-term income distributions according to the Equality of Opportunity principle. Our framework allows for both an ex-ante and an ex-post approach to EOp. Our ex-post approach relies on a permanent income measure defined...
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This paper proposes a two-step aggregation method for measuring long-term income inequality and income mobility, where mobility is defined as an equalizer of long-term income. The first step consists of aggregating the income stream of each individual into a measure of permanent income, which...
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This paper examines the trend in career earnings profiles and lifetime earnings inequality using a new data set that … the summary earnings records (SER) maintained by the Social Security Administration. It then considers the implications of … earnings. Our analysis finds that aggregate male wage and employment patterns have remained much more stable than is the case …
Persistent link: https://www.econbiz.de/10014218412
This paper describes an analysis of career earnings patterns developed for predicting the impact of Social Security … reform. We produce estimates of age-earnings profiles of American men and women born between 1931 and 1960. The estimates are … obtained using lifetime earnings records maintained by the Social Security Administration. We use a standard econometric …
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