Without long panel structures, the persistence of individual income risks cannot be identified. In this paper, we … older. Using intentionally constructed short and long panels from Panel Study of Income Dynamics (PSID), we then verify how …

We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades …. Combining personal income tax and social security data allows us - for the first time - to offer a complete picture of the … German labor market and increasing labor supply. In the second part of the paper, we study the distribution of total income …

-time income by 11%, a wage shock by 13%. …

While there is now something of a consensus in the literature on the economics of happiness that income comparisons to … others help determine subjective wellbeing, debate continues over the relative importance of own and reference-group income … regarding happiness analysis, and in particular with respect to the measurement of reference-group income. We here use data from …

This paper establishes new evidence on the cyclical behaviour of household income risk in Great Britain and assesses … Panel Survey (1991-2008) by decomposing stochastic idiosyncratic income into its transitory, persistent and fixed components …. We then estimate how income risk, measured by the variance and the skewness of the probability distribution of shocks to …

The dispersion of individual returns to experience, often referred to as heterogeneity of income profiles (HIP), is a … key parameter in empirical human capital models, in studies of life-cycle income inequality, and in heterogeneous agent …

While there is now something of a consensus in the literature on the economics of happiness that income comparisons to … others help determine subjective wellbeing, debate continues over the relative importance of own and reference-group income … regarding happiness analysis, and in particular with respect to the measurement of reference-group income. We here use data from …

We extend the canonical income process with persistent and transitory risk to shock distributions with left …-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household …

We investigate cyclicality of variance and skewness of household labor income risk using PSID data. There are five main … findings. First, we find that head's labor income exhibits countercyclical variance and procyclical skewness. Second, the … cyclicality of hourly wages is muted, suggesting that head's labor income risk is mainly coming from the volatility of hours …