USING THE PARETO DISTRIBUTION TO IMPROVE ESTIMATES OF TOPCODED EARNINGS.
Inconsistent censoring in the public-use March Current Population Survey ( CPS) limits its usefulness in measuring labor earnings trends, as previous approaches for imputing topcoded earnings systematically understate top earnings. Using Pareto estimation methods with less-censored internal data, we...
| Publicado en: | Economic Inquiry Vol. 54; no. 2; pp. 1263 - 1274 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
Apr2016
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=113307251&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 113307251 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Apr2016 vid: 54 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 113307251 10.1111/ecin.12299 ppf: 1263 ppct: 11 formats: fmt: – @attributes: type: T – @attributes: type: P size: 972KB tig: atl: USING THE PARETO DISTRIBUTION TO IMPROVE ESTIMATES OF TOPCODED EARNINGS. aug: au: Armour, Philip Burkhauser, Richard V. Larrimore, Jeff affil: Associate Economist, RAND Corporation, Santa Monica CA, 90407 Sarah Gibson Blanding Professor of Policy Analysis, Cornell University, Ithaca NY, 14853 Research Fellow, University of Melbourne, Parkville Australia Economist, Federal Reserve Board, Washington DC, 20551 su: United States United States. Social Security Administration Labor market Income inequality History Pareto distribution Cumulative distribution function Rotation groups sug: subj: Labor market Income inequality History United States United States. Social Security Administration Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs) Pareto distribution Cumulative distribution function Rotation groups ab: Inconsistent censoring in the public-use March Current Population Survey ( CPS) limits its usefulness in measuring labor earnings trends, as previous approaches for imputing topcoded earnings systematically understate top earnings. Using Pareto estimation methods with less-censored internal data, we create an enhanced cell-mean series to capture top earnings in the public-use data. Annual earnings inequality trends since 1963 using our series largely mirror those found by Kopczuk, Saez, and Song using social security administration data for commerce and industry workers. When we extend our analysis to 2013 and consider all workers, earnings inequality levels are higher but its growth is more modest. ( JEL C81, D31, J01) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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