This paper uses the New Zealand Linked Income Supplement (LIS) to investigate the annual transitions in hourly earnings …

Our paper represents the first attempt in the literature to estimate the properties of business income risk from … privately held businesses in the US. Using a new, large, and confidential panel of US income tax returns for the period 1987 …-2009, we extensively document the empirical stylized facts about the evolution of various business income risk measures over …

facts of income risk from privately held businesses in the US using a large panel. We employ a new, large, and confidential … panel of US income tax returns for the period 1987-2009 to extensively characterize and quantify business income risks and … to compare to labor income or earnings risks. We find that business income is much riskier than labor income, even …

Business income is important in the upper tail of the personal income distribution, but the extent to which it is … captured by measures of personal income varies substantially across tax regimes. Using linked individual and firm data from … Norway, we are able to attribute business income to personal owners as it accrues rather than when it is realized. This …

Using income smoothing and its two components – the informational component and the garbled component – we examine … to smooth earnings more. We also find that the informational component, rather than the garbled component, of income … smoothing is stronger for firms in weak-FTR countries, indicating that income smoothing in weak-FTR countries enhances the …