caa a22 4500 445389206 CHVBK 20180317143041.0 cr unu---uuuuu 170323e20110901xx s 000 0 eng 10.1007/s10888-010-9154-z doi (NATIONALLICENCE)springer-10.1007/s10888-010-9154-z Trends in the covariance structure of earnings in the U.S.: 1969-1987 [Elektronische Daten] [Robert Moffitt, Peter Gottschalk] We examine the increasing variance of earnings of white men over the 1970s and 1980s by focusing on changes in the covariance structure of earnings. Using data from the Michigan PSID from 1969-1987, we find that about half of the increase has arisen from an increase in the variance of the permanent component of earnings and half from an increase in the variance of the transitory component, where the transitory component is composed of serially correlated shocks that die out within 3years. We thus find that increases in the variability of earnings are of equal importance to increases in the dispersion of permanent earnings in explaining recent increases in earnings inequality. Springer Science+Business Media, LLC., 2010 Income inequality nationallicence Transitory variance nationallicence Error components model nationallicence Moffitt Robert Johns Hopkins University, Baltimore, MD, USA aut Gottschalk Peter Boston College, Boston, MA, USA aut The Journal of Economic Inequality Springer US; http://www.springer-ny.com 9/3(2011-09-01), 439-459 1569-1721 9:3<439 2011 9 10888 https://doi.org/10.1007/s10888-010-9154-z text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10888-010-9154-z text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Moffitt Robert Johns Hopkins University, Baltimore, MD, USA aut NATIONALLICENCE 700 1- Gottschalk Peter Boston College, Boston, MA, USA aut NATIONALLICENCE 773 0- The Journal of Economic Inequality Springer US; http://www.springer-ny.com 9/3(2011-09-01), 439-459 1569-1721 9:3<439 2011 9 10888 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer