--house prices react more sensitively to city-specific shocks, such as changes in per-capita income. This finding is consistent with …

We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income …

's effects on city-level measures of income, property values, employment and poverty rates, and population. The estimated effects … on income, property values, and population are positive and economically significant. They are not driven by changes in …

The cross-national intragenerational income mobility literature assumes within-country mobility is invariant over the … the entire period 1984-2006, we find the conventional result that income mobility is greater in Germany. But when we cut … the data into moving five-year windows and compare mobility before and after reunification, income mobility declines …

Current Population Survey, the Panel Study of Income Dynamics, the Consumer Expenditure Survey, and the Survey of Consumer … earnings, to disposable income, and, ultimately, to consumption and wealth. We document a continuous and sizable increase in … before 1982, but mitigate its increase thereafter. Taxes and transfers compress the level of income inequality, especially at …

-family relations and focus on households as collections of roommates. The model's mechanism is that rising income leads to a falling … size, consumption patterns, and income in the cross-section at the end of the 20th century. We then project the model back … to 1850 by changing income. We find that our proposed mechanism can account for 37 percent of the decline in the number …