On the Estimation of Lifetime Income
作者:
MartinM. G. Fase,
期刊:
Journal of the American Statistical Association
(Taylor Available online 1971)
卷期:
Volume 66,
issue 336
页码: 686-692
ISSN:0162-1459
年代: 1971
DOI:10.1080/01621459.1971.10482330
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
Lifetime income, say Vs, may be defined as Vs= ΣTt=sctytwhere ytis income (earnings) at age t, ctis some discount rate and s is the age an individual enters the labor force. Obviously, yti.e., the income path over the individual's span of active life, plays a crucial part in the calculation of Vs. Mostly graphical methods have been employed for estimating the income age profile. This article presents a statistical framework for estimating lifetime income. Moreover, the first and second moments of the distribution of lifetime income are derived, and these results are applied to Dutch income data.
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