Braun, R. Anton; Ikeda, Daisuke; Joines, Douglas H. - Federal Reserve Bank of San Francisco - 2006
: Average age of the each age group
Following Hansen(1993), let small letters denote the real values defined
as x = X/P for any … nominal variable X, where P is the GDP deflator. From
the data series obtained in above we can construct the following series … calculated
as m = summationtext11j=1zjmj + x12m12 where mj is annual income for an individual
with a duration spell of …