We review research on the dynamics and distribution of individual earnings and family income. We start with univariate … earnings models, which dominate the literature and are often used as the exogenous component of family income in structural … family income that integrate individual earnings, marriage (accounting for marital sorting), and earnings of a spouse (if …

Top income inequality in the United States has increased considerably within occupations. This phenomenon has led to a … search for a common explanation. We instead develop a theory where increases in income inequality originating within a few … provides non-divisible services to consumers, with physicians our prime example. Examining local income inequality across U …

it is a key policy lever for income redistribution. This paper analyses how income distribution patterns changed in Spain … before and after the crisis using the personal income tax samples constructed by the Spanish Institute of Fiscal Studies for … the period 2002 to 2011. We find that the top and bottom of the income distribution gained the most from the boom period …

measures that aim to avoid credit overexpansion are two policies that can improve the links of private debt with labour income …

We estimate an income process that is consistent with key facts on individual income risk and its variation over the … business cycle. In particular, the estimated process generates income fluctuations that display (i) flat and acyclical variance … over the life cycle, all consistent with the US data. Furthermore, the income process captures the predictable nature of …

Using detailed micro-data, this paper documents that households with lower income risk (and higher income levels …) exhibit a higher Marginal Propensity to Consume (MPC) in response to transitory income shocks, all else being equal. This … designed to account for the empirically observed negative correlation between income levels and income risk. This interaction …

Income and earning inequality has been on the rise in most of the OECD and in many emerging economies since the 1980s …

harmonised source available, an employer-based survey that covers the labour income of 10 million employees, excluding the self …

Despite an improvement in overall macroeconomic performance in Costa Rica, income inequality has risen and is currently … coefficient by income source, finding that the main contributor to inequality in Costa Rica is labour income. In the period 2010 … contribute to reduce inequality but their impact is limited given its small share in households’ total income. The analysis also …