developing and persistent gaps in child achievement by family income and the importance of adolescent skill levels for … family income, we study four leading mechanisms thought to explain these gaps: an intergenerational correlation in ability, a … important stylized facts related to the marginal returns on investments and the effects of parental income on child investments …

dynamic model of consumption and labor supply. We emphasize two key results. First, a psychology-based theory of poverty traps … of financial stress. On the other hand, naifs dis-save, fall into a poverty trap, and incur high welfare losses. Second …

This paper presents new information on the fraction of adjusted gross income, and of wages and salaries, that is … reported by taxpayers in the top one half of one percent of the income distribution. This corresponds to roughly five hundred … thousand households in the late 1990s. This paper relies on data from the Treasury's Individual Income Tax Model for the period …

of Income Dynamics. The results show large and persistent effects of displacement on average, with earnings and wages …

earnings and family income. We find few differences in estimated gains by baseline health and occupation characteristics …

earlier years of schooling, or whether education raises health directly or through income or wealth. In this paper, I examine … how the timing of educational attainment is important for adult health outcomes, income, and wealth, in order to … pronounced for income and wealth. In the full sample, the marginal effects on the probability of fair or poor health at age 55 of …

In this chapter we revisit the relationship between income and fertility. There is overwhelming empirical evidence that … fertility is negatively related to income in most countries at most times. Several theories have been proposed in the literature …

declines--on the order of 40%--in real incomes for both men and women. The brunt of the income decline appears to have been … decline. For most groups, a (conservative) correction for selection into income recipiency explains some, but not all, of the … income decline. For other groups, selection is a potential explanation for the income decline. Perhaps the most persuasive …

We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income …

This paper studies the cyclical nature of individual income risk using a confidential dataset from the U.S. Social … individual income growth during recessions into "between-group" and "within-group" components. We begin with the behavior of … within-group shocks. Contrary to past research, we do not find the variance of idiosyncratic income shocks to be …