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

Joseph Altonji, Daniel Giraldo Páez, Disa Hynsjo and Ivan Vidangos

No 33122, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: For birth cohorts 1935–44, 1945–62, and 1964–74, we estimate the contribution of edu-cation; 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 the 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.

JEL-codes: D10 D31 J16 J31 (search for similar items in EconPapers)
Date: 2024-11
New Economics Papers: this item is included in nep-gen, nep-lab and nep-ltv
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Published as Joseph G. Altonji & Daniel Giraldo-Páez & Disa Hynsjö & Ivan Vidangos, 2025. "Earnings, Marriage, and the Variance of Family Income by Age, Gender, and Cohort," Journal of Labor Economics, vol 43(S1), pages S7-S54.

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