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Cited by 80Income, Poverty, and InequalityLabor market dynamics and wage inequalityFinancial Literacy, Pension, Retirement Analysis

The DOI matches its Crossref record; 16 of the 16 references it cites were found in a registry or an index.

The Evolution of Household Income Volatility

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Dynan, Karen E., Elmendorf, Douglas W., Sichel, Daniel E.·2007·Finance and Economics Discussion Series
DOI 10.17016/feds.2007.61
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Abstract

Using data from the PSID, we find that household income has become noticeably more volatile during the past thirty years. We estimate that the standard deviation of percent changes in household income rose one-fourth between the early 1970s and early 2000s. This widening in the distribution of percent changes is concentrated in the tails of the distribution, and especially in the lower tail: Changes between the 25th and 75th percentiles are almost the same size now as thirty years ago, but changes at the 10th percentile look substantially more negative. The boost in volatility occurred throughout the 1970s, 1980s, and 1990s, albeit not at a steady pace. Households' labor earnings and transfer payments have both become more volatile over time.

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Crossref · 10.17016/feds.2007.61

Cites

16 of 16 references verified0 citation errors · 0 not checkable

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Citations

Cites

Show all 16 references

Research works printed but not linked: 11

  1. Batchelder, Lily L., "Taxing the Poor: Income Averaging Reconsidered," Harvard Journal on Legislation, 2003, pages 395-452.
  2. Carroll, Christopher D., Karen E. Dynan, and Spencer D. Krane, "Unemployment Risk and Precautionary Wealth," Review of Income and Statistics, August 2003.
  3. Fairlie, Robert W., "Self-Employment, Entrepreneurship, and the NLSY79," Monthly Labor Review, February 2005, pages 40-47.
  4. Hacker, Jacob S., The Great Risk Shift, Oxford University Press, 2006.
  5. Gottschalk, Peter and Moffitt, Robert (1994). "The Growth of Earnings Instability in the U.S. Labor Market," Brookings Papers on Economic Activity. · DOI
  6. Gottschalk, Peter and Moffitt, Robert (1995). "Trends in the Transitory Variance of Earnings in the United States," Economic Journal.
  7. Dynarski, Susan and Gruber, Jonathan (1997). "Can Families Smooth Variable Earnings?," Brookings Papers on Economic Activity. · DOI
  8. Haider, Steven J. (2001). "Earnings Instability and Earnings Inequality of Males in the United States: 1967-1991," Journal of Labor Economics. · DOI
  9. Hyslop, Dean R. (2001). "Rising U.S. Earnings Inequality and Family Labor Supply: The Covariance Structure of Intrafamily Earnings," American Economic Review. · DOI
  10. Moffitt, Robert and Gottschalk, Peter (2002). "Trends in the Transitory Variance of Earnings in the United States," Economic Journal. · DOI
  11. Batchelder, Lily L. (2003). "Taxing the Poor: Income Averaging Reconsidered," Harvard Journal on Legislation.

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Metadata

Authors
Dynan, K. E., Elmendorf, D. W., & Sichel, D. E.
Affiliations
Federal Reserve (US)
ORCID
Venue
Finance and Economics Discussion Series
Publisher
Board of Governors of the Federal Reserve System
Published
2007-10
Volume
2007.0
Issue
61
Pages
1-47
ISSN
1936-2854 (ISSN-L)
DOI
10.17016/feds.2007.61
OpenAlex
W4300882237
Cited by
77
References
16
Citations by year
2024: 4 · 2022: 5 · 2021: 3 · 2020: 3 · 2019: 2 · 2017: 2 · 2016: 5 · 2015: 7 · 2014: 4 · 2013: 4 · 2012: 11
FWCI
21.38
Type
journal article
Language
en
Open access
Licence
Locations
Finance and Economics Discussion Series (publishedVersion, public-domain)
Topics
  • Social Sciences › Sociology and Political Science › Income, Poverty, and Inequality
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Labor market dynamics and wage inequality
  • Social Sciences › Economics, Econometrics and Finance › Finance › Financial Literacy, Pension, Retirement Analysis
Keywords
income distribution, income inequality, labor income, transfer payments

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CoChat. (2026). Citation check: The Evolution of Household Income Volatility. https://app.cochat.ai/papers/10.17016/feds.2007.61
The paper
Dynan, K. E., Elmendorf, D. W., & Sichel, D. E. (2007). The Evolution of Household Income Volatility. Finance and Economics Discussion Series. https://doi.org/10.17016/feds.2007.61

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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