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 …

permanent income hypothesis and the Keynesian consumption model using a dynamic factor model of consumption, hours, wages …, unemployment, and income. We show that a quarterly dynamic factor model with restrictions on the lag structure nay be used with … at different time intervals and/or are aggregates for the calendar year. By using several income indicators we are able …

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 …