A Sample and Variable De…nitions This appendix expands on Section II.B to provide more detailed information on the construction of our analysis samples. As described in the text, we express all monetary variables in 2010 dollars, adjusting for in ‡ation using the o¢ cial IRS in ‡ation parameters used to index the tax system. Variable De…nitions for Tax Filers. We use two earnings concepts in ou...

Several empirical regularities motivate most theories of the distribution of labor earnings. Earnings distributions tend to be skewed to the right and display long right tails. Mean earnings always exceed median earnings and the top percentiles of earners account for quite a disproportionate share of total earnings. Mean earnings also differ greatly across groups defined by occupation, educatio...

This paper projects lifetime Social Security earnings until retirement using data from the Survey of Income and Program Participation (SIPP) matched to Social Security records of annual earnings from 1951 through 1993. We first develop, estimate and test gender-specific multiple regression models of ten-year earnings intervals using the matched 1984 SIPP panel. We find strong relationships pred...

Earnings non-response in household surveys is widespread, yet there is limited evidence on whether and how non-response bias affects measured earnings. This paper examines the patterns and consequences of non-response using internal Current Population Survey (CPS ASEC) individual records matched to administrative SSA data on earnings for calendar years 2005-2010. Our findings include the follow...

Yes. We find that dividend changes predict future unexpected earnings changes in each of the next four quarters. These earnings impacts are persistent, leading to higher than expected earnings levels for at least three years after the dividend change. These results are robust to various measures of expected earnings, including analyst forecasts and a flexible function of past earnings and retur...

tive workers. This article Summary involves introducing a fundamentally new describes two new methods for kind of pension formula. estimating the career profile In order to assess the effect of Social This article presents two broad of earnings for representative Security reform on current and future approaches to creating representative workers. It then compares the results of those new method...

A large literature has measured the regression to the mean in earnings and occupational status. One conclusion of this literature is that earnings regress to the mean more rapidly than status. This paper provides a theoretical model for intergenerational mobility in both status and earnings and examines its implications empirically. We consider the theoretical implications of parental investmen...

this paper divulges the long term relationship among earning, investment and dividends from 2000 to 2011. empirical evidence was collected to explore the modigliani and miller theory of dividend irrelevance. data was collected from all the sectors but it was ensured that firms did not have negative data of earnings as it is earnings which are either transformed into investment or dividends. mul...

The concerns regarding the economic insecurity stemming from earnings instability have been gaining momentum in the contemporary political discourse. If earnings instability is as a proxy for risk, for risk-averse individuals, increasing earnings instability bears substantial welfare costs. Using the variance of transitory earnings estimated using the European Community Household Panel (ECHP) a...