Earnings, Marriage, and the Variance of Family Income by Age, Gender, and Cohort

• 成果类型: Article
• 署名作者: Altonji, Joseph G.; Giraldo-Paez, Daniel; Hynsjo, Disa; Vidangos, Ivan
• 署名单位: Yale University; National Bureau of Economic Research; Yale University; Yale University; Federal Reserve System - USA; Federal Reserve System Board of Governors
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/734390
• 发表日期: 2025
• 页码: S7-S54
• 关键词: consumption inequality; empirical-analysis; partial insurance; labor-market; DYNAMICS; TRENDS; gap; transitory; EMPLOYMENT; decisions

摘要

For birth cohorts 1935-44, 1945-62, and 1964-74, we estimate the contribution of education; permanent heterogeneity in wage rates, employment, and hours; labor market shocks; spouse characteristics and shocks; nonlabor income shocks; and marital histories to the age profiles of the variance of family income per adult equivalent. Education and employment heterogeneity are key sources of the rise in variance with age and across cohorts. Wage heterogeneity is important at all ages. Own characteristics and shocks matter more for men than women, while spouse characteristics and shocks matter more for women. Gender differences have declined across cohorts.