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

We consider a setting in which insiders have information about income that outside shareholders do not, but property … rights ensure that outside shareholders can enforce a fair payout. To avoid intervention, insiders report income consistent … with outsiders' expectations based on publicly available information rather than true income, resulting in an observed …

We consider a setting in which insiders have information about income that outside shareholders do not, but property … rights ensure that outside shareholders can enforce a fair payout. To avoid intervention, insiders report income consistent … with outsiders' expectations based on publicly available information rather than true income, resulting in an observed …

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 …

We develop a theory of income and payout smoothing by firms when insiders know more about income than outside …' expectations and underproduce to manage downward future expectations. The observed income and payout process are smooth and adjust …

The paper investigates information content of net income, other comprehensive income items, and pseudo comprehensive … income for Japanese firms. The relative information content test demonstrates net income is one of the most dominant income … measures, and the incremental information content test shows other comprehensive income items have significant information …