Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … significantly higher values than income volatility, the effect being mostly driven by changes in the market value of real estate …

We study the sources of racial disparities in income using anonymized longitudinal data covering nearly the entire U … on parent income, the black-white income gap is driven by differences in wages and employment rates between black and … mobility more similar to whites than blacks, leading the Hispanic-white income gap to shrink across generations. Second …

We analyze temporal trends in cultural distance between groups in the US defined by income, education, gender, race … political ideology and income have increased over the last four decades. Whites and non-whites have converged somewhat on …

earnings shocks and find important asymmetries: positive shocks to high-income individuals are quite transitory, whereas … negative shocks are very persistent; the opposite is true for low-income individuals. Finally, we use these rich sets of …

's effects on city-level measures of income, property values, employment and poverty rates, and population. The estimated effects … on income, property values, and population are positive and economically significant. They are not driven by changes in …