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Title: An Evaluation of Real Earnings Growth Based on U.S. Census P-60 Data
Resulting in 1 citation.
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Trevino, Gene A. |
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An Evaluation of Real Earnings Growth Based on U.S. Census P-60 Data Journal of Legal Economics 10,1 (Spring 2000): 47-59. Also: http://findarticles.com/p/articles/mi_qa5408/is_200004/ai_n21465489/?tag=content;col1 Cohort(s): NLSY79 Publisher: American Academy of Economic and Financial Experts: AAEFA Keyword(s): Census of Population; Earnings; Injuries Permission to reprint the abstract has not been received from the publisher. Forensic economists are often retained in personal injury and wrongful death cases to value the earning capacity of young persons. This involves forecasting real earnings growth attributable to age and education. Generally, forensic economists rely on crosssectional data published by the U.S. Census Bureau for age-earnings data. Specifically, the P-60 series reports entitled "Money Income in the United States" are the generally accepted source of earnings by age and education (Rodgers, Brookshire, and Thorton 1996; Gohman, McCrickard, and Slesnick 1998). These cross-sectional data are used to forecast mean earnings by age and education over the plaintiffs expected work life. Because these cross-sectional data are based on earnings for different cohorts, based on age and education at a point in time, they may not provide an accurate forecast of actual earnings over time. The objective of this article is to examine the accuracy of forecasted real earnings growth based on U.S. Census Bureau crosssectional data relative to longitudinal data taken from the National Longitudinal Survey of Youth. Copyright American Academy of Economic and Financial Experts Spring 2000. |
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Bibliography Citation
Trevino, Gene A. "An Evaluation of Real Earnings Growth Based on U.S. Census P-60 Data." Journal of Legal Economics 10,1 (Spring 2000): 47-59.
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