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 …

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 …

gesamte Varianz der Einkommen in kurzfristige Unsicherheit (transitorische Varianz) und langfristige Einkommensungleichheit … Geburtskohorten (1935 – 1974). Die Analyse basiert auf sozialversicherungspflichtigen Einkommen, die im primären Erwerbsalter zwischen …

While recently more and more research has focused on the aggregate response of consumption to income shocks, little is … known about how this response differs for households at different ends of the income distribution. This paper investigates … how consumption reacts to transitory and permanent shocks to disposable income for households with an income above or …

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 …

the entire wage distribution using Panel Study of Income Dynamics (PSID) data. We decompose distributional changes in the …In diesem Papier werden unter Verwendung von Daten der Panel Study of Income Dynamics (PSID) Änderungen in den …

income is affected at the beginning of a child's labor market career along the distribution, but I find a gradual … verringert. Elterliche Arbeitslosigkeit hat keine Auswirkungen auf das Einkommen der Kinder zu Beginn ihrer Arbeitsmarktkarriere …