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But Mr. Angrist's interpretation of the earnings deficit is more straightforward: Skills acquired in the military do not make up for the lost years of civilian experience.
Although its performance has improved, Citigroup is still expected to report a loss for the year when it releases its results this month, with analysts forecasting an earnings deficit of about 25 cents per share.
African American and Latina women fare worst in Washington D.C. (a city that, for the purposes of this study, was treated like a state), where African American women face a nearly-$1.6 million lifetime earnings deficit and Latinas will lose out on a whopping $1.78 million over a 40-year career.
The bigger the endowment, the larger the earnings deficit.
Add that to the earnings deficit incurred by overburdened older mothers.
One study estimated that the "earnings deficit" incurred by teen mothers cost $925 million in tax revenues in 2004 alone.
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But it has deficit earnings, although recent trends would suggest HPQ will be back in the black within two quarters.
Find the value of retained earnings or accumulated deficit.
Tuesday brings an update on the U.S. trade deficit and earnings from a large number of companies including Walt Disney, Whole Foods Market, Groupon, UBS, Barclays, Liberty Global, Adidas and Fiat.
During the first half of 2009, we should expect one bad news story after another: rising unemployment, more corporate and personal bankruptcies, falling house prices, dismal earnings reports, huge budget deficits and more.
And he said the budget was "building in" in personal tax cuts in future years and the 2% deficit levy on earnings over $180,000 would definitely end in three years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com