Norway, we are able to attribute business income to personal owners as it accrues rather than when it is realized. This … was massive: accounting for earnings retained in the corporate sector leads to more than doubling of the share of income … of top 0.1% in some years. Furthermore, adjusting for retained earnings stabilizes the composition of the top income …

Empirical research suggests that parents' economic resources affect their children's future earnings abilities. Optimal …, calibrate the model to match estimates of the intergenerational transmission of earnings ability in the United States, and use … low-income parents than existing U.S. tax policy. It also increases the probability that low-income children move up the …

Income Tax Credit. Using tax-reform induced variation in the federal EITC, we examine the impact of the credit on infant … health outcomes. We find that increased EITC income reduces the incidence of low birth weight and increases mean birth weight …. For single low education (<= 12 years) mothers, a policy-induced treatment on the treated increase of $1000 in EITC income …

others is beneficial solely because the costs of household public goods can be shared. In other words, we abstract from intra-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 …

We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on … decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each … component is insured. We apply our framework to extended family networks in the United States by exploiting the unique …

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 …

occupational prestige is explained almost entirely by shared education, and sibling resemblance in family income is explained … other socioeconomic outcomes. Second, across the life course, siblings converge in earnings and income and maintain stable … earnings and income than nonblack siblings overall, but black siblings dramatically converge in income across the life course …

Panel Study of Income Dynamics. Our main conclusion is that family background appears to exert greater influence on economic …Numerous previous studies have used sibling correlations to measure the importance of family background as a …

This paper asks whether parental income per se has a positive impact on children's human capital accumulation. Previous … research has established that income is positively correlated across generations. This does not prove that parents' money … matters, however, since income is presumably correlated with unobserved abilities transmitted across generations. This paper …