In this paper we use indirect inference to estimate a joint model of earnings, employment, job changes, wage rates, and work hours over a career. Our model incorporates duration dependence in several variables, multiple sources of unobserved heterogeneity, job-specific error components in both...

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We examine what determines the family income that individuals experience over their adult lives. To this end, we estimate a dynamic model of earnings, marriage, and divorce. The model also includes fertility. We explore the determinants of the earnings over a career of single and married men and...

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...

The authors examine the relationship between the receipt of employer-provided training and the characteristics of workers and jobs using data from the National Longitudinal Survey of the High School Class of 1972 and the Dictionary of Occupational Titles. They find that the intensity of training...