with ten to forty years of observations from the Panel Survey of Income Dynamics. We find that neither is strongly …

capital and labor incomes. This paper documents and explains changes in income volatility. Using a theoretical framework which … idiosyncratic component of income volatility has hardly changed over time. Third, crosssectional heterogeneity in the evolution of … volatile in relative terms. Fourth, income volatility is related to variables measuring the bargaining power of workers. Trade …

Ownership of small businesses can facilitate upward mobility through the income hierarchy and help individuals maintain … a place at the higher end of the income distribution hierarchy. This paper compares the positional stability of owners … faces definitional challenges. For instance, the Norwegian dual income tax system encourages owners of small businesses to …

We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor … result, high mobility can be associated with an increase or a decrease in overall income inequality …

perceived and the actual fairness of the income generation process affects this association. Building on a simple model of … of utility, and lower preferred levels of income redistribution. In societies with a low level of actual social mobility …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …

The public finance literature has modeled income shifting as a decision along the intensive margin even though it … margin has crucial policy implications: the classical distinction between income creation and income shifting breaks down. We … supply elasticities, and costs of income shifting. In the most empirically plausible scenario when people who shift easily …

Using detailed tax data from the Swiss canton of Bern, I examine how changes in wealth are related to income risk. I … find that only among elderly individuals high kurtosis of income risk may be positively correlated with wealth accumulation …. Additionally, I document that a substantial share of taxpayers have negative net wealth. While wealth and income are positively …

that will accrue in retirement and excluding items included in the CBO income estimates such as “corporate taxes borne by … colloquial is referred to as the “hollowing out” of the middle class. According to these estimates, the income of the middle …. Even that meager rate was achieved only through substantial transfer payments. In contrast, the income of the top 1% grew …