Income Variance Dynamics and Heterogeneity

By C. Meghir, Luigi Pistaferri. 2001

789 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/35523447a519f9b705c1984d124d8e0a8519c5b3

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Citations in the corpus

A simple panel unit root test in the presence of cross-section dependence (2007, positive): “Under the unit root hypothesis and no cross section dependence IPS is asymptotically distributed as N(0, 1), and therefore on the basis of the IPS statistics in Table 12 it would be concluded that the unit root hypothesis is rejected for p ≥ 2, with the probability of rejection being particularly hi”
Consumption Inequality and Family Labor Supply (2014, methodology): “We thus follow Meghir and Pistaferri (2004) and use findings from validation studies to set a priori the amount of wage variability that can be attributed to error.”
Why is consumption more log normal than income? Gibrat's law revisited (2007, methodology): “This formalization of Friedman’s (1957) decomposition of current income into permanent and transitory components is a common model of income behavior, see, e.g., MaCurdy (1982) and Meghir and Pistaferri (2004).”
Why Has Home Ownership Fallen among the Young (2009, neutral): “First Moffitt and Gottschalk (2008) and Meghir and Pistaferri (2004) find that the increase in idiosyncratic earnings risk is diminishing in educational attainment. So including less than high school educational attainment would raise our estimate. The estimate is also low relative to those reported”
Human Capital Risk and Economic Growth (2003, methodology): “11 The random walk specification is often used by the empirical literature to model the permanent component of labor income risk [Carroll and Samwick 1997; Hubbard, Skinner, and Zeldes 1994; Meghir and Pistaferri 2001; Storesletten, Telmer, and Yaron 2001].”
Macroeconomics and Household Heterogeneity (2016, background): “See Meghir and Pistaferri (2004), Storesletten, Telmer and Yaron (2004a), Guvenen (2009) and the many references discussed therein.”