In the analysis of the EITM data, labor earnings are defined as the sum of wages and self-employment profits.
The EITM sample does capture inheritances from the top of the wealth distribution, which potentially have a larger effect on labor supply.
This provides an additional motivation to examine the disincentive in response to the very large inheritances in the EITM data.
Table 8 presents estimates of changes in (log) earnings in response to the larger inheritances in the EITM. The results in Columns 1 and 2 are from a model of unanticipated inheritance, and employ a lead-lag response pattern.
Finally, the lack of controls (other than age) for wages in the EITM will produce a positive bias in the estimate of the disincentive if inheritance is correlated with earlier human capital transfers and, in turn, wage growth.
Overall, despite the focus on extremely large inheritances in the EITM, the results are remarkably similar to those seen in the PSID.(45) There is a statistically significant, but small effect of inheritance on earnings.
Although the inheritance disincentive is typically estimated to be significantly different from zero, all but one of the point estimates in both the PSID and EITM are smaller than the lower bound of the range of elasticities (-0.10 to -1.6) used in Blinder's thorough simulation of the distribution of income.
To check this, we investigated the earnings responses by heirs of large fortunes in the EITM dataset.
"With these new EITM releases, CA is dramatically strengthening its IT management portfolio and fulfilling the promise of Lean IT.
"CA's modular yet integrated EITM solutions can help enterprises and organizations become leaner with quick-win business value projects such as managing customer experience, while systematically increasing IT's productivity and efficiency for longer-term success."
A[cedilla] EITM Business Services Integrations -- As part of its Enterprise IT Management initiative, CA has developed two business service integrations--Identity and Access Management as an Automated Service, and Manage Infrastructure as an IT Service--designed to meet customers' most pressing needs while speeding time-to-value.
The company will also announce a comprehensive, integrated suite of EITM solutions designed to maximize the business value of virtualization.