presentation - VirtualRDC @ Cornell - Cornell University
presentation - VirtualRDC @ Cornell - Cornell University
presentation - VirtualRDC @ Cornell - Cornell University
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Distorting ratios<br />
Ratios are distorted by distorting numerators (magnitudes), but<br />
using undistorted denominators:<br />
ZY ∗<br />
jt =<br />
Y ∗<br />
jt<br />
B(Y ) jt<br />
= δ j<br />
Y jt<br />
B(Y ) jt<br />
,<br />
This method is used for<br />
■ average earnings (ZW k ) and<br />
■ average periods of nonemployment (ZN_) for various groups<br />
August 10, 2005 - p. 12/31