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Cited by 353

The DOI matches its Crossref record; 14 of the 14 references it cites were found in a registry or an index.

Growth-Rate Heterogeneity and the Covariance Structure of Life-Cycle Earnings

Baker, Michael·1997·Journal of Labor Economics

Abstract

Using U.S. panel data on adult males, I compare the "profile heterogeneity model" of earnings dynamics, in which the earnings/experience profile varies across individuals, to a competing model in which earnings "has a unit root." The latter specification enjoys increasing popularity among researchers. My analysis questions this favor, suggesting the profile heterogeneity model provides a more consistent representation of the data. I also provide new estimates of the variation in earnings growth rates. Previous evidence is from relatively unrepresentative samples. Individuals one standard deviation above the mean enjoy a 20%-30% earnings advantage in just 10 years.

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Metadata

Authors
Baker, M.
Venue
Journal of Labor Economics
Published
1997-04
Volume
15
Issue
2
Pages
338-375
ISSN
  • 0734-306X (ISSN-L)
  • 1537-5307
OpenAlex
W2056955524
Cited by
353
References
14
FWCI
14.64
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Growth-Rate Heterogeneity and the Covariance Structure of Life-Cycle Earnings. https://app.cochat.ai/papers/10.1086/209836
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Baker, M. (1997). Growth-Rate Heterogeneity and the Covariance Structure of Life-Cycle Earnings. Journal of Labor Economics. https://doi.org/10.1086/209836

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