Earnings: Time Series of Individual Earnings

In punitroots: Unit Roots in Panels of Time Series

Description

Real earnings (in logarithms) for a sample of 181 individuals from the Panel Study of Income Dynamics (PSID).

Usage

data("EarningsCLG")
data("EarningsHSD")
data("EarningsHSG")

Format

Data are annual multiple time series from 1971 to 1992 for 36 (HSD), 87 (HSG), and 58 (CLG) individuals, respectively.

Details

The data set (log of real earnings) is based on the PSID data used by Meghir and Pistaferri (2004). The appendix of that paper contains step-by-step details on sample selection. Pesaran (2007) further selects the individuals having continuous 22 observations from 1971–1992, giving 181 individuals in total. Following Meghir and Pistaferri, he also categorize the individuals into three education groups: High School Dropouts (HSD, 36 individuals), High School Graduates (HSG, 87 individuals) and College Graduates (CLG, 58 individuals). These are the three data sets provided here.

Source

Journal of Applied Econometrics Data Archive for Pesaran (2007).

http://qed.econ.queensu.ca/jae/datasets/pesaran002/

References

Meghir C, Pistaferri L (2004). Income Variance Dynamics and Heterogeneity. Econometrica, 72, 1–32.

Pesaran MH (2007). A Simple Panel Unit Root Test in the Presence of Cross Section Dependence, Journal of Applied Econometrics, 22(2), 265–312.

Examples

data("EarningsHSG")
plot(EarningsHSG[, 1:10])

## try: selected values from Pesaran, Table XIII

punitroots documentation built on May 2, 2019, 5:16 p.m.