Reversal of Fortunes: The Rise and Fall of Lifetime Earnings of Iranian Men

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dc.contributorVirginia Techen
dc.contributor.authorSalehi-Isfahani, D.en
dc.contributor.authorMarku, M.en
dc.contributor.departmentEconomicsen
dc.date.accessed2014-06-26en
dc.date.accessioned2014-06-27T14:45:37Zen
dc.date.available2014-06-27T14:45:37Zen
dc.date.issued2011-07en
dc.description.abstractThe Islamic Revolution of 1979, the 8-year war with Iraq (1980-88), and the collapse of oil prices in 1986 dealt huge blows to Iran's economy. In this article, we use a pseudopanel constructed from annual multiple surveys during 1984-2004 to analyze changes in cohort earnings and consumption through these tumultuous times. Using well-known techniques, we decompose the changes in median cohort earnings of men into cohort, age, and year effects. Our results show that cohorts born before 1950, who were well into their careers at the time of the revolution, enjoyed a steady increase in lifetime earnings. However, those born after the mid-1960s, who started their careers during the revolution and the war with Iraq, experienced losses relative to previous cohorts. In contrast to earnings, per capita expenditures do not indicate a declining cohort trend for younger cohorts. When we restrict the year effects to cyclical variation only, the cohort effects show a rising trend. We interpret the difference in the fortunes of the younger cohorts that we observe in earnings compared to expenditures to mean that transfers between generations and from the government have compensated for the loss of individual earnings among the younger cohorts.en
dc.identifier.citationDjavad Salehi-Isfahani and Marenglen Marku. "Reversal of Fortunes: The Rise and Fall of Lifetime Earnings of Iranian Men," Economic Development and Cultural Change, Vol. 59, No. 4 (July 2011), pp. 877-906. DOI: 10.1086/649896en
dc.identifier.doihttps://doi.org/10.1086/649896en
dc.identifier.issn0013-0079en
dc.identifier.urihttp://hdl.handle.net/10919/49127en
dc.identifier.urlhttp://www.jstor.org/stable/10.1086/649896en
dc.language.isoen_USen
dc.publisherUniversity of Chicago Pressen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectcohort analysisen
dc.subjectageen
dc.subjectconsumptionen
dc.subjectinequalityen
dc.subjectgrowthen
dc.subjecttaiwanen
dc.subjecttrendsen
dc.subjectwagesen
dc.subjectusen
dc.subjectarea studiesen
dc.subjecteconomicsen
dc.subjectplanning & developmenten
dc.titleReversal of Fortunes: The Rise and Fall of Lifetime Earnings of Iranian Menen
dc.title.serialEconomic Development and Cultural Changeen
dc.typeArticle - Refereeden

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