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Explaining lifetime earnings differences across individuals
Expectations of lifetime earnings are key factors in many individuals’ decisions, from weighing education options to deciding on career paths. However, lifetime earnings differ widely across individuals, and uncovering the factors that explain these differences can be challenging. Senior Economist José Mustre-del-Río and Assistant Economist Emily Pollard used a unique data set combining administrative and survey data to assess variation in lifetime earnings. Their findings were published in the Bank’s Economic Review in March 2019. What makes this study unique? Measuring lifetime earnings—as well as ... (full story)