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Title: The Autocorrelation of Earnings, Human Wealth Inequality, and Income Contingent Loans
Resulting in 1 citation.
1. Parsons, Donald O.
The Autocorrelation of Earnings, Human Wealth Inequality, and Income Contingent Loans
Quarterly Journal of Economics 92,4 (November 1978): 551-569.
Also: http://qje.oxfordjournals.org/content/92/4/551.abstract
Cohort(s): Young Men
Publisher: Wiley Online
Keyword(s): Colleges; Earnings; Educational Costs; Educational Returns; Schooling

Permission to reprint the abstract has not been received from the publisher.

Estimates of the covariance structure of earnings are presented for white male wage and salary earners in the United States. These estimates for intervals up to six years are then characterized by a two-component error structure, a simple autocorrelation scheme and an additional random element, the structure of which is used to estimate the variance of present values of earnings. The implications of these estimates, undertaken for three schooling levels (S = 12, 13-15, and 16), are then derived for the measurement of economic inequality and the optimal design of income contingent educational loans.
Bibliography Citation
Parsons, Donald O. "The Autocorrelation of Earnings, Human Wealth Inequality, and Income Contingent Loans." Quarterly Journal of Economics 92,4 (November 1978): 551-569.