"True" Age Profiles of Earnings: Adjusting for Censoring and for Period and Cohort Effects
利用40-68岁纵向数据,通过最大似然法修正删失偏差,并分离时期和队列效应,估计了白人已婚男性和未婚女性的真实就业与收入年龄剖面。
Age profiles of employment and earnings, corrected for truncation and net of period and cohort effects, are estimated for white married males and unmarried females from longitudinal data covering ages 40-68. The truncation correction is based on a maximum likelihood procedure utilizing all information in the censored sample. The adjustment for period and cohort effects uses individual year and birth year means and fully identifies all nonlinear effects. The earnings profile of males resembles that of other studies but declines later. Employment and earnings of women increase until the early fifties and begin to decrease in the early sixties.