4 ms·
From the article: > Note: Each observation represents the median earnings of men of a particular age in a particular year. For example, the 1957 cohort is repr
by AlexB138 5y ago
From the article:
> Note: Each observation represents the median earnings of men of a particular age in a particular year. For example, the 1957 cohort is represented by an Age 25 observation in 1957
- rileymat2 5y agoThanks, that’s what I missed. Was not clear to me it was for that year. For chart 1 “ Each marker/observation represents the median lifetime earnings of a cohort that turned age 25 (entered the labor market) in the year indicated on the x-axis. Values are displayed in thousands of 2013 US dollars. Earnings are deflated by the Personal Consumption Expenditure (PCE) deflator.” Leaves that particular part out.