 Dynamics is a complex term that is used in discussions on almost every economic policy topic. As a buzzword for labor market dynamics, dynamic economic development or income dynamics, the term is often used in passing and is neither specified nor examined in detail. This approach does not adequately take into account the immense importance of a precise analysis, especially since there is often no differentiation between dynamic and comparative-static analyses. In the context of the dissertation a dynamic model for the determination of the determinants of income of dependent employees as well as self-employed persons is estimated. It is based on a dynamic specification of the Mincer regression which can be seen as an extension of human capital theory. The explanatory variables include school education, labor market experience, squared labor market experience, and the time-delayed nature of the wage rate. The estimation equation is determined using the estimator for dynamic panel data models and data from the socio-economic panel dating back to Arellano and Bond. From the estimated coefficients, conclusions can be drawn about the persistence of income over time and the influence of exogenous variables on the wage rate.