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 …

Previous studies of recent U.S. trends in intergenerational income mobility have produced widely varying results …, partly because of large sampling errors. By making more efficient use of the available information in the Panel Study of … Income Dynamics, we generate more reliable estimates of the recent time-series variation in intergenerational mobility. Our …

the economy. I combine administrative data on income and leadership teams at publicly traded firms with a regression … leadership positions students hold by 44% and their probability of attaining a top 0.1% income by 51%. However, these gains are …

In this paper we use cross-state panel data to show a positive and significant correlation between various measures of … innovativeness and top income inequality in the United States over the past decades. Two distinct instrumentation strategies suggest … that this correlation (partly) reflects a causality from innovativeness to top income inequality, and the effect is …

Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age-wealth …

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 estimate the elasticity of reported income with respect to tax rates for high earners using subnational variation …. We find that elasticities of reported income at the provincial level are large for incomes in the top one percent, but … small for lower earners. There are strong indications that the response happens both through earned and capital income …

This paper considers dynamic optimal income, education, and bequest taxes in a Barro-Becker dynastic setup. Parents can …. It is in general not optimal to make education expenses fully tax deductible and the optimal education subsidy, income …

This paper uses tax return data for the period 1951-1990 to investigate the rising share of adjusted gross income (AGI …) that is reported on very high income tax returns. We find that most of the increase in the share of AGI reported by high-income … taxpayers is due to an increase in reported income for the one quarter of one percent of taxpayers with the highest AGIs. The …

The relative income gains of the affluent after the passage of the Tax Reform Act of 1986 (TRA86), which sharply … lowered tax rates at high income levels, are overstated by comparing cross-sectional slices using concurrent income … income distribution can explain much of the increased high-income concentration until 1985, it cannot adequately explain the …