Millimet, Daniel; Podder, Nripesh; Slottje, Daniel; … - In: Review of Income and Wealth 49 (2003) 2, pp. 205-219
Measures of income inequality based on current income are well known to overstate lifetime income inequality for two reasons: intracohort mobility and the shape of the age-earnings profile. Utilizing the concept of age equivalence scales along with varying assumptions concerning the extent of...