Currently the bottom income decile has negative aggregate earnings, despite us filtering out those with negative net income. This flips the sign of the relative earnings effect compared to the absolute earnings effect. We should exclude those with negative baseline earnings from the LSR in the decile table.
Currently the bottom income decile has negative aggregate earnings, despite us filtering out those with negative net income. This flips the sign of the relative earnings effect compared to the absolute earnings effect. We should exclude those with negative baseline earnings from the LSR in the decile table.