Replication data for: Life-Cycle Variation in the Association between Current and Lifetime Earnings

Principal Investigator(s):  View help for Principal Investigator(s) Steven Haider; Gary Solon

Version:  View help for Version V1

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  20040283_additionalmaterial 10/26/2021 01:48:PM
20040283_appendix_readme.pdf application/pdf 100 KB 12/07/2019 07:16:AM
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Project Citation: 

Haider, Steven, and Solon, Gary. Replication data for: Life-Cycle Variation in the Association between Current and Lifetime Earnings. Nashville, TN: American Economic Association [publisher], 2006. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116235V1

Project Description

Summary:  View help for Summary Researchers in a variety of important economic literatures have assumed that current income variables as proxies for lifetime income variables follow the textbook errors-in-variables model. In our analysis of Social Security records containing nearly career-long earnings histories for the Health and Retirement Study sample, we find that the relationship between current and lifetime earnings departs substantially from the textbook model in ways that vary systematically over the life cycle. Our results can enable more appropriate analysis of, and correction for, errors-in-variables bias in any research that uses current earnings to proxy for lifetime earnings. (JEL D31, D91)

Scope of Project

Subject Terms:  View help for Subject Terms Measurement Error; Lifecycle Earnings
JEL Classification:  View help for JEL Classification
      D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
      J31 Wage Level and Structure; Wage Differentials
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 1951 – 1991
Data Type(s):  View help for Data Type(s) administrative records data

Methodology

Data Source:  View help for Data Source HRS, SSA
Unit(s) of Observation:  View help for Unit(s) of Observation Individuals, Annual Earnings,

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Published Versions

V1 [2019-12-07]

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