The relationship between the level of income and the population of an urban area is a familiar concern in urban economics. Existing models of this relationship assume a homogeneous labour force and hence no inequality in the size distribution of income within an urban area. In this paper we...

Between 1979 and 1989, men's average earnings declined and the percentage of men with low earnings increased. Much of the decline in mean earnings and the increased incidence of low earnings can be accounted for by changes in the returns to education, experience, and industry of...

Using data recently collected by the Panel Study of Income Dynamics, we find that the intergenerational correlation in expenditures is no larger than that in income, suggesting limited intra-family risk-sharing. On the other hand, even after controlling for the intergenerational correlation in...