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Trends in the Transitory Variance of Earnings in the United States

Moffitt, Robert A., Gottschalk, Peter·2002·The Economic Journal

Abstract

We decompose the rise in cross-sectional variance of male annual earnings in the United States from 1969 to 1996 into permanent and transitory components. We find that the variance of permanent earnings began rising in the the late 1970s and has continued to rise in the 1980s. The variance of transitory earnings also rose in the 1980s but declined in the 1990s. There are lags in the earnings process which require a structural model to pinpoint the exact calendar times at which the changes in trends occurred.

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Metadata

Authors
Moffitt, R. A., & Gottschalk, P.
Venue
The Economic Journal
Published
2002-03-01
Volume
112
Issue
478
Pages
C68-C73
ISSN
  • 0013-0133 (ISSN-L)
  • 1468-0297
OpenAlex
W2026965355
Cited by
308
References
0
FWCI
15.16
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Trends in the Transitory Variance of Earnings in the United States. https://app.cochat.ai/papers/10.1111/1468-0297.00025
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Moffitt, R. A., & Gottschalk, P. (2002). Trends in the Transitory Variance of Earnings in the United States. The Economic Journal. https://doi.org/10.1111/1468-0297.00025

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.