ERIC Number: ED240351
Record Type: Non-Journal
Publication Date: 1983-Dec
Reference Count: N/A
Cohort Size and Earnings.
Murphy, Kevin; And Others
This paper succinctly characterizes the profiles for time shifts in earnings and then focuses on the underlying determinants of the changes, in particular on the effect of cohort size. The data, drawn drom the March version of the Current Population Survey from 1968 to 1982, are described. The sample is limited to white men over the age of 14, and four educational categories are included: 8-11 years, high school graduates, 13-15 years, and college graduates. Following a presentation of the statistical methodology, the results of an interpretation of that method in an economic setting are described. Ten tables and nine figures illustrate results of the factor analyses that decomposed the earning profiles into time-specific and factor-specific effects. Variance profiles, factor profiles, elasticity of wages, and simulated wage profiles are provided. Appendixes, amounting to approximately three-fourths of the document, include a detailed analysis of the effects of cohort size (further results of the investigation reported in the main text), results concerning the determinants of college enrollments, and computation of wage elasticities. (YLB)
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: N/A
Sponsor: National Inst. of Education (ED), Washington, DC.
Authoring Institution: Unicon Research Corp., Santa Monica, CA.