I structurally estimate an incomplete markets lifecycle model with endogenous labor supply, using data on the joint distribution of wages, hours and consumption. The model is successful at matching the evolution of both the first and second moments of the data over the lifecycle. The key...

Despite the vast literature on the gender disparities in the labor market participation and outcomes, there is a scarce literature on the gender gap in total income. This paper tries to fill the research gap and has threefold contribution to the existing literature. First, the paper studies the...