We use the Michigan Panel Data Study on Income Dynamics to decompose the well-known rise in cross-sectional variance of individual male earnings in the U.S. into permanent and transitory components. We find that about half of the increase has arisen from an increase in the variance of permanent...

Many questions in social research must be evaluated over time. For example, in studies of intragenerational mobility, measuring opportunity for economic advancement requires longitudinal data. The authors develop and use a class of hybrid functional models to demonstrate how different models can...

Das multivariate Analyseverfahren der Kausalanalyse gewinnt zunehmend an Bedeutung für die Untersuchung komplexer betriebswirtschaftlicher Zusammenhänge. Neben dem im deutschsprachigen Raum etablierten Verfahren der Kovarianzstrukturanalyse zur Schätzung von Kausalmodellen wird im...