Appendix Table 1––1.
Descriptive Statistics
| Mean | Standard Deviation | Minimum | Maximum | |
|---|---|---|---|---|
| Annual real earnings | $ 43,514.00 | $ 26,516.00 | $ 615.00 | $ 525,015.00 |
| Log annual real earnings | 10.51 | 0.62 | 6.42 | 13.17 |
| Log annual real earnings residual | 0.02a | 0.55 | −3.85 | 2.50 |
| Age | 42.80 | 8.40 | 30.00 | 59.00 |
| Year | 1985.70 | 9.60 | 1970.00 | 2004.00 |
Notes:
Means taken over all person-year observations (NT=30,424).
Means taken after 1-percent trimming within age-education-year cells for paired observations.
a
Multiplied by 10,000; residual mean is close to zero.