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. Author manuscript; available in PMC: 2023 Dec 7.
Published in final edited form as: Am Econ J Appl Econ. 2022 Jan;14(1):42–74. doi: 10.1257/app.20180055

Table A.15:

The Long-Run Effects of the 1980–1982 Recession on Income, Comparison of Log versus Inverse Hyperbolic Sine

Dependent variable:
Log personal income IHS personal income Log earned income IHS earned income Log family income IHS family income
(1) (2) (3) (4) (5) (6)
Interaction between 1979–1982 decrease in log real earnings per capita and age in 1979
 0–10 −0.447
(0.158)		 −0.716
(0.427)		 −0.519
(0.166)		 0.676
(0.590)		 −0.419
(0.173)		 −0.559
(0.296)
 11–19 −0.295
(0.120)		 −0.487
(0.320)		 −0.333
(0.119)		 1.119
(0.460)		 −0.332
(0.118)		 −0.501
(0.248)

Notes: In columns 1, 3, and 5, the dependent variable is the logarithm of the indicated income measure. In columns 2, 4, and 6, the dependent variable is the inverse hyperbolic sine of the indicated income measure. See notes to Table 3.

Sources: BEA Regional Economic Accounts, Census County Business Patterns, Confidential 2000–2013 Census/ACS data linked to the SSA NUMIDENT file