wages given up as an employee. Information on income from self-employment is of inferior quality and this is not just a … that it is not only the location of an income distribution that matters and that dispersion and (a)symmetry should not be …-employment ; wage-employment ; income distribution ; income risk ; income skew ; income variance ; occupational choice ; labor market …

This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare …. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing … measurement error or transitory income shocks and an AR(1) component representing persistent changes in income. We use a tractable …

generates a higher income, but only for entrepreneurs: This finding supports Lazear's Jack-of-all-Trades theory. -- (Non …-)cognitive abilities ; intelligence ; earnings ; entrepreneur(ship) ; wage employment ; income differentials …