ratio of the income elasticity of labor supply to the wage elasticity, holding fixed the degree of complementarity between … stochastic. Using a large set of existing estimates of wage and income elasticities, I find a mean estimate of g = 1. I also give …

We study the sources of racial disparities in income using anonymized longitudinal data covering nearly the entire U … on parent income, the black-white income gap is driven by differences in wages and employment rates between black and … mobility more similar to whites than blacks, leading the Hispanic-white income gap to shrink across generations. Second …

We use the 1988 PSID to study the effects of income and wealth on transfers of money and time between individuals and … 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 …

utility model. I derive a formula for the coefficient of relative risk aversion (g) in terms of (1) the ratio of the income …

income at the national level. The conditional expectation of child income given parent income is linear in percentile ranks …. On average, a 10 percentile increase in parent income is associated with a 3.4 percentile increase in a child's income … child reaches the top quintile of the national income distribution starting from a family in the bottom quintile is 4.4% in …

The economics workings of the corporate income tax remain controversial. Harberger's seminal 1962 article viewed the … triggers the firm's classification as a corporation subject to income taxation. But going public has an upside. It permits …

income tax produces rapid and dramatic increases in the model's level of U.S. investment, output, and real wages, making the …