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 …

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 …

wage rates, employment, and hours; labor market shocks; spouse characteristics and shocks; nonlabor income shocks; and … marital histories to the age profiles of the variance of family income per adult equivalent. The decompositions are based upon …, fertility, and nonlabor income. We find that education and employment heterogeneity are key sources of the rise in the variance …

, the gender wage gap has kept shrinking. Both individual- and household-level income inequality have continued to rise at … expenditures has remained remarkably stable over time. Income pooling within the family and redistribution by the government have … downturn in fifty years in which inequality in disposable income and consumption actually declined …

We explore the evolution of income inequality and mobility in the U.S. for a large number of subnational groups defined … by race and ethnicity, using granular statistics describing income distributions, income mobility, and conditional income … find that income inequality and income growth patterns identified from administrative tax records differ in important ways …

This paper proposes a fully nonparametric model to investigate the dynamics of intergenerational income mobility for … discrete outcomes. In our model, an individual's income class probabilities depend on parental income in a manner that … Panel Study of Income Dynamics (PSID), we find that race and parental education interact with parental income in children …

We analyze the impact of World War II service on income and mobility among male Army and Army Airforce veterans from … Native American veterans earned slightly more. Income effects varied by type of income. Veterans also showed lower rates of …

We study how preferences over the demographic composition of co-patrons affects income segregation in shared spaces. To … two notable regularities: preferences for high-income co-patrons are similar across racial groups, and racial homophily … does not vary by income. These demographic preferences are economically large, explain much of the cross-group variation in …