Hello everyone,
While working with the variable INCWAGE I often come across extremely small values which I have a hard time interpreting. In particular, I encounter values of incwage within the 1-10 interval for some observations in the 1988-92 and 2015-19 samples, as well as values within the 11-100 range. Considering that INCWAGE represents annual income, should I consider these values as actual values of individual annual income, or do they represent or flag something else in the data? Has anyone encountered a similar issue and found a way to interpret these values?
Thank you!