In the past twenty years, the labor force participation and earnings of women, especially married women, have risen dramatically. Over the same period, men's earnings have increased only modestly, and the distribution of family income has grown less equal. In this paper, we analyze the impact of...

This paper presents a framework for the evaluation and measurement of reversal and origin independence as separate aspects of economic mobility. We show how that evaluation depends on aversion to multi-period inequality, aversion to inter-temporal fluctuations, and aversion to future risk. We...

We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income Dynamics from 1970 to 2004. Using both an error components model as well as simpler but only approximate methods, we find that the transitory variance started to increase in the...