You mention you use data from both the Current Population Survey and 2009 IRS Public data. Given that 2009 is in the wake of the Financial Crisis I would expect personal income data to be extremely atypical and not representative of dynamics in the current state of the country - I was hoping you could elaborate on the extent to which you rely on the 2009 IRS data. Related, is there more current IRS data available that could be more representative?
Thanks for presenting Dr. Evans!
You mention you use data from both the Current Population Survey and 2009 IRS Public data. Given that 2009 is in the wake of the Financial Crisis I would expect personal income data to be extremely atypical and not representative of dynamics in the current state of the country - I was hoping you could elaborate on the extent to which you rely on the 2009 IRS data. Related, is there more current IRS data available that could be more representative?