Estimating Trends in Male Earnings Volatility with the Panel Study of Income Dynamics
利用 PSID 估计男性劳动收入波动的变化趋势
The Panel Study of Income Dynamics (PSID) has been the workhorse dataset used to estimate trends in U.S. earnings volatility at the individual level. We provide updated estimates for male earnings volatility using additional years of data. The analysis confirms prior work showing upward trends in the 1970s and 1980s, with a near doubling of the level of volatility over that period. The results also confirm prior work showing a resumption of an upward trend starting in the…