is now regarded as inadequate since several national panel surveys show that substantial minorities of respondents have … trajectories of respondents in the German Socio-Economic Panel who reported their LS for 25 consecutive years in 1990-2014. The …

that national panel surveys in several Western countries show that substantial minorities of respondents have recorded … mainly on analysis of the LS trajectories of the 2473 respondents in the German Socio-Economic Panel who reported their LS …

micro panel data drawn from administrative records; it fully exploits the longitudinal dimension of the underlying data sets …

of factor jumps. Such jump dependence is implied by standard linear factor models. Our inference is based on a panel of … restriction on the relative magnitude of these two dimensions of the panel. The test is formed from the high‐frequency returns at …