We document a common set of life-cycle earnings facts using data from the US, Canada, Denmark and Sweden. In each country, we find that (1) the earnings distribution fans out with age, (2) the right tail of the earnings distribution becomes thicker with age, (3) the wage-rate distribution fans out with age and (4) the real earnings growth rate over the working lifetime is larger for higher lifetime earners. Compared to the US, we find that Denmark and Sweden have a more compressed earnings and wage rate distribution above the median and a smaller real earnings growth rates for top lifetime earners.
|Number of pages||6|
|Publication status||Published - 2016|
|Event||2016 Annual Meeting of the Society for Economic Dynamics - Toulouse, France|
Duration: 30 Jun 2016 → 2 Jul 2016
|Conference||2016 Annual Meeting of the Society for Economic Dynamics|
|Period||30/06/2016 → 02/07/2016|
- Top earners