Marriage Dynamics, Earnings Dynamics, and Lifetime Family Income

Ivan Vidangos and Joseph Altonji
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Ivan Vidangos: Federal Reserve Board

No 1230, 2014 Meeting Papers from Society for Economic Dynamics

Abstract: 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 women using a model of wages, employment, work hours, and earnings. We use the model to address a number of important questions in labor and family economics, including the effects of education and unobserved permanent characteristics on marital status and on spouse characteristics conditional on marriage. We also explore the dynamic response of wage rates, hours, earnings, marriage, and spouse characteristics and family income to various shocks and measure the relative contributions of the shocks to the variance of family income in a given year and over a lifetime.

Date: 2014
New Economics Papers: this item is included in nep-ltv and nep-mfd
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Working Paper: Marriage Dynamics, Earnings Dynamics, and Lifetime Family Income (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed014:1230

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