negative bias implicit in accounting profits, and has a much larger effect on basic wages and earnings in the presence of …This paper shows that firm profits (and losses), and value added, are strongly related to individual hourly basic wages … for most employees, as well as to the total earnings measures used previously but correlated with working time. Capital …

This paper documents earnings dynamics over the life-cycle and income level using a large administrative database from … normality. For the bottom earners, large income changes are driven equally by hours and wages which is consistent with … German tax records. I find that labor earnings display important deviations from the typical assumptions of linearity and …

This paper uses the New Zealand Linked Income Supplement (LIS) to investigate the annual transitions in hourly earnings … weekly and hourly earnings, to enable comparison with previous analyses using New Zealand tax data. I then estimate the … determinants of annual changes in hourly earnings using OLS and quantile regressions. Differences in human capital are associated …

The literature on ‘cash flow' or ‘earnings' beta is theoretically well-motivated in its use of fundamentals, instead of … returns, to measure systematic risk. However, empirical measures of earnings beta based on either log-linearizing the return … equation or log-linearizing the clean-surplus accounting identity are often difficult to construct. I construct simple earnings …

Using a novel dataset, we show that components of firms' GAAP earnings stemming from ancillary business activities or … various sections of the 10-K. Excluding them from GAAP earnings yields a core earnings measure that distinguishes between the … recurring and non-recurring components of net income and forecasts future performance. Analysts and market participants are slow …