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• W3178133079 abstract "Abstract Empirically, earnings at the start or end of earnings spells are lower and more volatile than in the interior of earnings histories, reflecting mainly the effects of working less than the full year. Ignoring these properties leads to a mismeasurement of the permanent and transitory shock variances and induces the large and widely documented divergence in the estimates of those variances based on fitting the earnings moments in levels or growth rates. Accounting for these effects enables more accurate analysis using quantitative models with permanent and transitory earnings risk and improves empirical estimates of consumption insurance against permanent earnings shocks." @default.
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• W3178133079 date "2021-08-02" @default.
• W3178133079 modified "2023-09-23" @default.
• W3178133079 title "IMPROVING THE MEASUREMENT OF EARNINGS DYNAMICS" @default.
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• W3178133079 doi "https://doi.org/10.1111/iere.12534" @default.
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