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A large body of empirical literature documents that workers suffer persistent earnings losses after they have been displaced from their job – in line with Becker's (1962) idea that human capital has firm-specific components (see, e.g., Topel 1991; Jacobson et al. 1993; and Dustmann and Meghir 2005).
For example, Dustmann (1993) found a large and persistent earnings gap while Schmidt (1997) finds little initial gap upon accounting for education differences4.
Persistence is measured as the slope coefficient in a regression of current earnings on past earnings in which perfectly persistent earnings follow a random walk (Lev 1983).
Cornerstone Growth favors companies with a market capitalization of at least $150 million, a price-to-sales ratio below 1.5, persistent earnings growth and high relative strength.
Further, even though the returns to foreign experience are smaller for female than male immigrants, we find that female prefilers with a university education have a persistent earnings advantage over comparable non-prefilers.
Finally, the Buffett-based model likes Exxon's persistent earnings growth EPS haven't declined since 2002 and its high return on equity (an average of 25.2 percent over the past decade.
Similar(52)
The three most common flags are persistent deviations between earnings and the underlying cash flows, deviations from industry and other peer experience, and large and unexplained accruals and changes in accruals.
As the data reveal, CPC reported a dramatic decline in the corporate return on equity from 18.5% to 10.5%, turning a public spotlight on the milling operations' persistent drag on earnings.
They spoke of the human impact in terms of persistent loss of earnings, reduced life expectancy, and lower educational achievement for the children of the unemployed.
Column (4) focuses on the earnings of persistent laborers and column (5) examines the earnings of persistent entrepreneurs, respectively, and test whether entrepreneurs benefit from skill diversity more than specialists.
This latest evidence of the persistent and damaging gender earnings gap comes in advance of Equal Pay Day on April 12, the day that marks how far into the "new year" that women would have to work in order to match what their male counterparts made in the prior year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com