Changing Income Risk across the US Skill Distribution: Evidence from a Generalized Kalman Filter
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For whom has earnings risk changed, and why? We answer these questions by combining the Kalman filter and EM-algorithm to estimate persistent and temporary earnings for every individual at every point in time. We apply our method to administrative earnings linked with survey data. We show that since
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美国国家经济研究局创建时间：
2021-12-01
