Altonji, Joseph G.; Hynsjö, Disa M.; Vidangos, Ivan - National Bureau of Economic Research - 2022
We review research on the dynamics and distribution of individual earnings and family income. We start with univariate … earnings models, which dominate the literature and are often used as the exogenous component of family income in structural … family income that integrate individual earnings, marriage (accounting for marital sorting), and earnings of a spouse (if …