Is Earnings Yield a Security Return Model Anomaly?
نویسندگان
چکیده
منابع مشابه
Projecting Social Security earnings: past is prologue.
Accurate projections of lifetime earnings are useful in projecting Social Security benefits, trust fund balances, and economic resources of the elderly and the effects of changes in Social Security policy. This article projects lifetime Social Security earnings until retirement using data from the Survey of Income and Program Participation (SIPP) matched to Social Security records of annual ear...
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متن کاملSocial Security and immigrant earnings.
Immigrant cohorts have varied over time in many ways that have important implications for projecting the contributions immigrants make to the Social Security system. Using immigrant cohorts in the 1970, 1980, and 1990 decennial censuses, we find that immigrant men experience faster earnings growth than U.S.-born men; that there has been a large decline in initial immigrant earnings over time; a...
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We study frictions in adjusting earnings in response to changes in the Social Security Annual Earnings Test (AET), using a one percent sample of earnings histories from Social Security Administration microdata from 1983 to 1999. Individuals continue to “bunch” at the convex kink the AET creates even when they are no longer subject to the AET, demonstrating that adjustment frictions help drive b...
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ژورنال
عنوان ژورنال: Theoretical Economics Letters
سال: 2018
ISSN: 2162-2078,2162-2086
DOI: 10.4236/tel.2018.811139