This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual earnings auto-covariances into a permanent and a transitory component. We employ data on complete earnings life cycles for prime age men born 1935 through 1974 that covers earnings...

As the importance of capital is resurging in rich countries, the dynamics of wealth inequality are being increasingly affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in marital choices may be undergoing change. We expand the...