That depends on how you measure. The higher 50% see their incomes cut in half in your example, you are only playing games with boundaries.
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Replying to @foggyanabasis @St_Rev
But it is easy to distinguish these cases, and indeed the data is not showing the effects you are describing at all.
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Replying to @foggyanabasis
It's not a game with the boundary, it's a reliable effect of boundary definitions changing over time.
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Replying to @St_Rev
No, it's a game with boundary -- it's just bad econometrics. You are defining cohorts now and looking at TTM income changes, when normal ppl
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Replying to @foggyanabasis @St_Rev
..look at cohorts 12 months from now and look at future 12 month income changes. That tells you the evolution in income for a cohort.
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Replying to @foggyanabasis @St_Rev
What you are describing is just bad econometrics, it's not any kind of "effect".
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What I am describing is bad *reporting*, which is the norm.
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.