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 …

permanent income hypothesis and the Keynesian consumption model using a dynamic factor model of consumption, hours, wages …, unemployment, and income. We show that a quarterly dynamic factor model with restrictions on the lag structure nay be used with … at different time intervals and/or are aggregates for the calendar year. By using several income indicators we are able …

transfers are only weakly related to income differences. Richer siblings give more to parents and receive less. Among parents … in the cross section or in the analysis using siblings that parental income or wealth raises time transfers from children …We use the 1988 PSID to study the effects of income and wealth on transfers of money and time between individuals and …