Top Earners: Cross-country Facts

Alejandro Badel, Moira K. Daly, Mark Huggett, Martin Nybom

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

We provide a common set of life cycle earnings statistics based on administrative data from the United States, Canada, Denmark, and Sweden. We find three qualitative patterns, which are common across countries. First, top-earnings inequality increases over the working lifetime. Second, the extreme right tail of the earnings distribution becomes thicker with age over the working lifetime. Third, top lifetime earners exhibit dramatic earnings growth over their working lifetime. Models of top earners should account for these three patterns and, importantly, for how they quantitatively differ across countries.
We provide a common set of life cycle earnings statistics based on administrative data from the United States, Canada, Denmark, and Sweden. We find three qualitative patterns, which are common across countries. First, top-earnings inequality increases over the working lifetime. Second, the extreme right tail of the earnings distribution becomes thicker with age over the working lifetime. Third, top lifetime earners exhibit dramatic earnings growth over their working lifetime. Models of top earners should account for these three patterns and, importantly, for how they quantitatively differ across countries.
LanguageEnglish
JournalReview
Volume100
Issue number3
Pages237-257
Number of pages21
DOIs
StatePublished - 2018

Cite this

Badel, A., Daly, M. K., Huggett, M., & Nybom, M. (2018). Top Earners: Cross-country Facts. Review, 100(3), 237-257. DOI: 10.20955/r.100.237-57
Badel, Alejandro ; Daly, Moira K. ; Huggett, Mark ; Nybom, Martin. / Top Earners : Cross-country Facts. In: Review. 2018 ; Vol. 100, No. 3. pp. 237-257
@article{811176d7374b4b129cb593c3b9a7581c,
title = "Top Earners: Cross-country Facts",
abstract = "We provide a common set of life cycle earnings statistics based on administrative data from the United States, Canada, Denmark, and Sweden. We find three qualitative patterns, which are common across countries. First, top-earnings inequality increases over the working lifetime. Second, the extreme right tail of the earnings distribution becomes thicker with age over the working lifetime. Third, top lifetime earners exhibit dramatic earnings growth over their working lifetime. Models of top earners should account for these three patterns and, importantly, for how they quantitatively differ across countries.",
author = "Alejandro Badel and Daly, {Moira K.} and Mark Huggett and Martin Nybom",
year = "2018",
doi = "10.20955/r.100.237-57",
language = "English",
volume = "100",
pages = "237--257",
journal = "Federal Reserve Bank of St. Louis. Review",
issn = "0014-9187",
publisher = "Federal Reserve Bank of St.Louis",
number = "3",

}

Badel, A, Daly, MK, Huggett, M & Nybom, M 2018, 'Top Earners: Cross-country Facts' Review, vol. 100, no. 3, pp. 237-257. DOI: 10.20955/r.100.237-57

Top Earners : Cross-country Facts. / Badel, Alejandro; Daly, Moira K.; Huggett, Mark; Nybom, Martin.

In: Review, Vol. 100, No. 3, 2018, p. 237-257.

Research output: Contribution to journalJournal articleResearchpeer-review

TY - JOUR

T1 - Top Earners

T2 - Federal Reserve Bank of St. Louis. Review

AU - Badel,Alejandro

AU - Daly,Moira K.

AU - Huggett,Mark

AU - Nybom,Martin

PY - 2018

Y1 - 2018

N2 - We provide a common set of life cycle earnings statistics based on administrative data from the United States, Canada, Denmark, and Sweden. We find three qualitative patterns, which are common across countries. First, top-earnings inequality increases over the working lifetime. Second, the extreme right tail of the earnings distribution becomes thicker with age over the working lifetime. Third, top lifetime earners exhibit dramatic earnings growth over their working lifetime. Models of top earners should account for these three patterns and, importantly, for how they quantitatively differ across countries.

AB - We provide a common set of life cycle earnings statistics based on administrative data from the United States, Canada, Denmark, and Sweden. We find three qualitative patterns, which are common across countries. First, top-earnings inequality increases over the working lifetime. Second, the extreme right tail of the earnings distribution becomes thicker with age over the working lifetime. Third, top lifetime earners exhibit dramatic earnings growth over their working lifetime. Models of top earners should account for these three patterns and, importantly, for how they quantitatively differ across countries.

UR - https://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=954921342167

U2 - 10.20955/r.100.237-57

DO - 10.20955/r.100.237-57

M3 - Journal article

VL - 100

SP - 237

EP - 257

JO - Federal Reserve Bank of St. Louis. Review

JF - Federal Reserve Bank of St. Louis. Review

SN - 0014-9187

IS - 3

ER -

Badel A, Daly MK, Huggett M, Nybom M. Top Earners: Cross-country Facts. Review. 2018;100(3):237-257. Available from, DOI: 10.20955/r.100.237-57