Previous studies of recent U.S. trends in intergenerational income mobility have produced widely varying results … Income Dynamics, we generate more reliable estimates of the recent time-series variation in intergenerational mobility. Our …

This paper presents a framework for the quantitative analysis of individual income dynamics, mobility and welfare, with … ex-ante identical individuals facing a stochastic income process and market incompleteness implying that they are unable … to insure against persistent shocks to income. We show how the parameters of the income process can be estimated using …

with ten to forty years of observations from the Panel Survey of Income Dynamics. We find that neither is strongly …

This paper presents income shares, income inequality, and income immobility measures for all race and ethnic groups in …–2014. Whites and Asians have a disproportionately large share of income in top quantiles. Income for most race groups ranges … between 50–80 percent of the corresponding White income level consistently across various percentiles in the overall income …

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

impact of the current pandemic on income and poverty to inform the targeting of resources to those most affected and assess … the success of current efforts. We construct new measures of the income distribution and poverty with a lag of only a few … weeks using high frequency data from the Basic Monthly Current Population Survey (CPS), which collects income information …

Business income is important in the upper tail of the personal income distribution, but the extent to which it is … captured by measures of personal income varies substantially across tax regimes. Using linked individual and firm data from … Norway, we are able to attribute business income to personal owners as it accrues rather than when it is realized. This …

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 …