women, their parents and their siblings. We estimate the model using data on matched sibling and parent-child pairs from the …

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 …

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 …

responsiveness of consumption to income changes which can be predicted from past information and income changes which cannot be … constructed to allow for measurement error in the income process. They also allow for more general income processes than have been …. Measurement error does have a strong influence on the relationship between consumption and income. When it is ignored our tests do …

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 …