Exact(2)
Long run, earnings grow with gross domestic product.
"While momentum and sentiment may be near term drivers of the stock, in the long run, earnings are still what matter," analyst John Glass wrote in a research note Monday.
Similar(58)
For its money, BT may be buying better long-run earnings.
This effect, together with the increased long-run earnings effect, puts the TWI in a quite favorable light.
I impute fathers' missing earnings due to data availability, but the issue of measurement error by using current earnings for long-run earnings is incidental.
Other studies, such as Kletzer (1998) and Carneiro and Portugal (2006), have considered the long-run earnings effects of job displacements.
This is because I am not predicting earnings at a particular age but am trying to predict fathers' long-run earnings, which requires the standardization on ages.
If one has an appropriate measure of a father's long-run earnings but is forced to use current earnings as a proxy for the son's long-run earnings, plugging Eq. (1) into Eq. (2) yields {kern105pt}y_{it}=lambda_{t}rho_{0}+lambda_{t}rho_{1}x_{i}+hleft text{Age}_{it}right)+eta_{it} (3).
Moreover, the importance of education as a mediating channel for the long run effects on earnings remains unclear (Bauer et al. 2012).
Malkiel attributed actual rising of prices for the whole stock market over the long run to increased earnings of companies during the early part of the 20th century.
Nationwide said housing affordability was a key issue for potential homebuyers, with a typical house price currently at 6.1 times average earnings, well above the long run average of 4.3 times earnings.
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