英文摘要
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The study adopts the Panel Study of Family Dynamics database which comprises 20-year longitudinal surveys to examine cohort differences by estimating the heterogeneous lifetime earnings among individuals. The random effects of the mixed model are used to distinguish which portion of lifetime earnings was due to the remuneration of initial conditions and which part was due to age-earning profile. H H Empirical results show that the remuneration for initial conditions declined over cohorts. If men born in the 1981-1990 cohort possess high school, college, or university education, respectively, then their remuneration for initial conditions compared with men born before the 1960 cohort will be reduced by 34%, 32%, and 50%, respectively. In the past 20-year surveyed period, no evidence shows that an individual's cohort would cause earnings to grow heterogeneously. Regardless of any cohort, an individual's extra (or discounted) remuneration for initial conditions would affect the growth of lifetime earnings. Those with superior (or inferior) unobserved abilities would have higher (or lower) remuneration for initial conditions, which also increases (or reduces) the growth of lifetime earnings.
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