The co-movement of couples-incomes

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• 作者：Stephen H. Shore
• 关键词：Couples ; Income dynamics ; Heterogeneity ; Wife ; swap bootstrap ; D31 ; Personal income ; wealth ; and their distributions ; D13 ; Household production and intrahousehold allocation ; C33 ; Multiple equation models with panel data
• 刊名：Review of Economics of the Household
• 出版年：2015
• 出版时间：September 2015
• 年：2015
• 卷：13
• 期：3
• 页码：569-588
• 全文大小：563 KB
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• 作者单位：Stephen H. Shore (1)
  
  1. Georgia State University, Atlanta, GA, USA
  
• 刊物类别：Business and Economics
• 刊物主题：Economics
  Microeconomics
  Labor Economics
  Population Economics
  Social Sciences
  
• 出版者：Springer Netherlands
• ISSN：1573-7152

文摘

While there is a large literature on how individual incomes move over time, we know much less about couples-joint income dynamics. Current research on individual income dynamics has increasingly considered heterogeneity—do all individuals-incomes evolve in the same way, or does a particular individual’s income evolve in the same way throughout their life? This paper considers the analogous questions for couples—do all couples-incomes move together in the same way, or does a particular couple’s incomes move together in the same way throughout their marriage? In particular, I find evidence of correlated volatility; husbands with volatile incomes tend to have wives with volatile ones. I find weaker evidence for heterogeneity in the correlation of husbands-and wives-income changes, with some couples incomes moving together while others moving in opposite directions. Couples-income changes are negatively correlated early in marriage, particularly when young children are present, and become more positively correlated over time.