We document new facts on the dynamics of male wages and earnings, household earnings, and before- and after-tax income … relatively high at the beginning and end of one's working life, and for those in the lower and upper parts of the income … deviation, skewness and kurtosis of income changes. In the U.S. the role of family insurance is much larger than in the …

We document new facts about risk in male wages and earnings, household earnings, and pre- and post-tax income in the … of the working life, and for those in the lower and upper parts of the income distribution. Hours are the main driver of … added-worker effects, the presence of spousal earnings reduces the variability of household income compared to that of male …