This paper examines the pattern of income mobility during the 1980s and the mid 1990s. It employs a panel of individual income tax returns for the years 1979 through 1995 to study this pattern, and explore whether income mobility has increased during the period. We focus on working age...

Researchers often rely on self-reported tax data to gauge the effect of taxes on an economic activity. Such data are subject to measurement errors when individuals intentionally misreport their attributes for tax purposes. To the extent that these intentional reporting errors vary with the tax...

This paper examines tax return-generated data on the labor force behavior of people before and after they receive inheritances. The results are consistent with Andrew Carnegie's century-old assertion that large inheritances decrease a person's labor force participation. For example, a single...