Rising Inequality: Transitory or Persistent? New Evidence from a Panel of U.S. Tax Returns

By Jason DeBacker, B. Heim, Vasia Panousi, Shanthi P. Ramnath, Ivan Vidangos. 2013

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Measuring Income and Wealth at the Top Using Administrative and Survey Data (2016, unknown): “For details on the SCF and FA reconciliation, see the on-line appendix, Henriques and Hsu (2014), and Dettling et al. (2015). For details on the FA, see Board of Governors of the Federal Reserve System (2015).”
Labor Income Dynamics and the Insurance from Taxes, Transfers, and the Family (2014, background): “…1976 to 1992, Baker and Solon (2003) reject several of these restrictions, including no life-cycle variation in the variance of transitory shocks.2 DeBacker et al. (2013) use a large panel of tax returns to study income dynamics in the U.S. over the period 1987–2009.3 Their estimates point to the…”
Inequality, credit and financial crises (2016, background): “What is more, empirical evidence suggests that the rise in inequality observed in recent decades was driven overwhelmingly by increased dispersion in permanent income (see, e.g., Kopczuk et al., 2010; Debacker et al., 2013).”
Inequality, the Great Recession, and Slow Recovery (2014, unknown): “Using a large panel of tax returns from the Internal Revenue Service, DeBacker et al. (2013) attribute rising inequality predominantly to permanent changes of income across households as opposed to changes in transitory shocks.”