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Fatih Guvenen

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Fatih Guvenen, 2007. "Learning Your Earning: Are Labor Income Shocks Really Very Persistent?," American Economic Review, American Economic Association, vol. 97(3), pages 687-712, June.

    Mentioned in:

    1. Performing Consumption Smoothing
      by Mike in Rortybomb on 2009-05-30 00:01:10
    2. Student Loans as the New Indentured Servitude
      by Mike in Rortybomb on 2009-10-13 23:03:10
  2. Fatih Guvenen, 2011. "Macroeconomics With Heterogeneity: A Practical Guide," NBER Working Papers 17622, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Macroeconomics With Heterogeneity: A Practical Guide
      by Christian Zimmermann in NEP-DGE blog on 2011-12-17 04:15:22
  3. Jae Song & David J. Price & Fatih Guvenen & Nicholas Bloom & Till von Wachter, 2015. "Firming Up Inequality," NBER Working Papers 21199, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Corporations in the Age of Inequality: A Skeptic's Take
      by Doug Campbell in Douglas L. Campbell on 2017-03-26 14:45:00
  4. Fatih Guvenen, 2007. "An empirical investigation of labor income processes," IFS Working Papers W07/13, Institute for Fiscal Studies.

    Mentioned in:

    1. Education Shocks
      by Agent Continuum in Agent Continuum on 2010-04-27 00:32:41
  5. Fatih Guvenen & Michelle Rendall, 2013. "Women's emancipation through education: a macroeconomic analysis," Working Papers 704, Federal Reserve Bank of Minneapolis.

    Mentioned in:

    1. Women's emancipation: more education and more divorces
      by Economic Logician in Economic Logic on 2013-05-23 19:41:00

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Fatih Guvenen & Serdar Ozkan & Jae Song, 2014. "The Nature of Countercyclical Income Risk," Journal of Political Economy, University of Chicago Press, vol. 122(3), pages 621-660.

    Mentioned in:

    1. The Nature of Countercyclical Income Risk (JPE 2014) in ReplicationWiki ()
  2. Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2015. "What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?," Working Papers 719, Federal Reserve Bank of Minneapolis.

    Mentioned in:

    1. What Do Data on Millions of U.S. Workers Reveal about Lifecycle Earnings Dynamics? (ECTA 2021) in ReplicationWiki ()

Working papers

  1. Fatih Guvenen & Serdar Ozkan & Rocio Madera, 2024. "Consumption Dynamics and Welfare Under Non-Gaussian Earnings Risk," NBER Working Papers 32298, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jose Garcia-Louzao & Linas Tarasonis, 2025. "Earnings Inequality and Risk over Two Decades of Economic Development in Lithuania," CESifo Working Paper Series 11680, CESifo.
    2. Elin Halvorsen & Joachim Hubmer & Serdar Ozkan & Sergio Salgado, 2024. "Why Are the Wealthiest So Wealthy? New Longitudinal Empirical Evidence and Implications for Theories of Wealth Inequality," Working Papers 2024-013, Federal Reserve Bank of St. Louis, revised 13 Jan 2026.
    3. Isaak, Niklas & Jessen, Robin, 2024. "Moderation in Higher-Order Earnings Risk? Evidence from German Cohorts," IZA Discussion Papers 17568, IZA Network @ LISER.
    4. Nuno Alves & Carlos Martins, 2025. "The anatomy of household income dynamics in Portugal," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    5. Robert Kirkby, 2025. "Discretizing earnings dynamics: implications of Gaussian-mixture shocks for life-cycle models," The Japanese Economic Review, Springer, vol. 76(2), pages 493-519, April.

  2. Fatih Guvenen & Gueorgui Kambourov & Burhan Kuruscu & Sergio Ocampo-Diaz, 2024. "Book-Value Wealth Taxation, Capital Income Taxation, and Innovation," NBER Working Papers 32585, National Bureau of Economic Research, Inc.

    Cited by:

    1. José Luis Peydró & Hernán Rincón-Castro & Miguel Sarmiento & Alejandro Granados, 2025. "Wealth Taxes and Firms’ Capital Structures: Credit Supply and Real Effects," Borradores de Economia 1316, Banco de la Republica de Colombia.

  3. Fatih Guvenen & Alisdair McKay & Conor B. Ryan, 2023. "A Tractable Income Process for Business Cycle Analysis," NBER Working Papers 30959, National Bureau of Economic Research, Inc.

    Cited by:

    1. Serhii Lupenko & Andrii Horkunenko, 2025. "Stochastic Model and Rhythm-Adaptive Technologies of Statistical Analysis and Forecasting of Economic Processes with Cyclic Components," Forecasting, MDPI, vol. 7(2), pages 1-26, May.

  4. Sergio Ocampo & Fatih Guvenen & Gueorgui Kambourov & Burhan Kuruscu & Daphne Chen, 2022. "Use It or Lose It: Efficiency and Redistributional Effects of Wealth Taxation," University of Western Ontario, Departmental Research Report Series 202214, University of Western Ontario, Department of Economics.

    Cited by:

    1. Shahar Rotberg & Joseph B. Steinberg, 2024. "Tax Evasion and Capital Taxation," Journal of Political Economy, University of Chicago Press, vol. 132(7), pages 2488-2529.
    2. Dias, Thiago & Gonçalves, Sebastián, 2024. "Effectiveness of wealth-based vs exchange-based tax systems in reducing inequality," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 641(C).
    3. De Rosa, Mauricio & Vilá, Joan, 2026. "Taxing the rich in Latin America: Effects of a wealth tax on revenue and distribution," Economic Analysis and Policy, Elsevier, vol. 90(C), pages 1440-1466.
    4. Thomas Phelan, 2025. "On The Optimality Of Differential Asset Taxation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(1), pages 53-78, February.
    5. Brendan K. Beare & Alexis Akira Toda, 2023. "Optimal taxation and the Domar-Musgrave effect," Papers 2311.05822, arXiv.org, revised Jun 2025.
    6. van Langenhove, Christophe & Lorenz, Jan & Schulz-Gebhard, Jan, 2026. "Wealth taxation, capital gains taxation and the inequality-mobility trade-off," BERG Working Paper Series 211, Bamberg University, Bamberg Economic Research Group.
    7. Sergio Ocampo & Baxter Robinson, 2024. "Computing Longitudinal Moments for Heterogeneous Agent Models," Computational Economics, Springer;Society for Computational Economics, vol. 64(3), pages 1891-1912, September.
    8. Wei Cui & Jianjun Miao, 2025. "Taxing Sudden Capital Income Surges," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 73(3), pages 779-818, September.
    9. Anders G Fr{o}seth, 2026. "Extensions to the Wealth Tax Neutrality Framework," Papers 2603.05277, arXiv.org, revised Apr 2026.
    10. Juliana Londoño-Vélez & Javier Avila-Mahecha, 2024. "Behavioral Responses to Wealth Taxation: Evidence from Colombia," NBER Working Papers 32134, National Bureau of Economic Research, Inc.
    11. Holter, Hans & Stepanchuk, Serhiy & Wang, Yicheng, 2023. "Taxation and Entrepreneurship in the United States," Memorandum 2/2023, Oslo University, Department of Economics.
    12. Alvaredo, Facundo & Berman, Yonatan & Morelli, Salvatore, 2024. "Evidence from the Dead: New Estimates of Wealth Inequality Using the Distribution of Estates," IZA Discussion Papers 17389, IZA Network @ LISER.
    13. Dominik Bernhofer & Michael Ertl & Petra Innreiter & Pascal Schraml & Eva Six & Max Wehsely, 2024. "Ausgestaltung und Herausforderungen einer modernen Erbschafts- und Schenkungssteuer in Österreich," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 50(1), pages 43-81.
    14. Gaillard, Alexandre & Hellwig, Christian & Wangner, Philipp & Werquin, Nicolas, 2023. "Consumption, Wealth, and Income Inequality: A Tale of Tails," TSE Working Papers 23-1493, Toulouse School of Economics (TSE).
    15. Anders G Fr{o}seth, 2026. "Heterogeneous Returns and Wealth Tax Neutrality: A Fokker-Planck Framework," Papers 2603.16006, arXiv.org, revised Apr 2026.
    16. Marcin Lewandowski, 2025. "Wealth inequality through the lens of temptation preferences," GRAPE Working Papers 112, GRAPE Group for Research in Applied Economics.
    17. Juliana Londoño-Vélez & Javier Ávila-Mahecha, 2025. "Behavioural Responses to Wealth Taxation: Evidence from Colombia," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 92(4), pages 2624-2655.
    18. Rotberg, Shahar & Steinberg, Joseph B., 2024. "Mortgage interest deductions? Not a bad idea after all," Journal of Monetary Economics, Elsevier, vol. 144(C).
    19. Macnamara, Patrick & Pidkuyko, Myroslav & Rossi, Raffaele, 2024. "Marginal tax rates and income in the long run: Evidence from a structural estimation," Journal of Monetary Economics, Elsevier, vol. 142(C).
    20. Levent Eraydın & Cemil Faruk Durmaz, 2025. "Wealth Taxation and Sustainable Development: Could Wealth Related Taxes Play a Role in Achieving the SDGs?," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(6), pages 8638-8647, December.
    21. José Luis Peydró & Hernán Rincón-Castro & Miguel Sarmiento & Alejandro Granados, 2025. "Wealth Taxes and Firms’ Capital Structures: Credit Supply and Real Effects," Borradores de Economia 1316, Banco de la Republica de Colombia.
    22. van der Geest, Jesse, 2024. "Economic effects of tax avoidance and compliance," Other publications TiSEM aaca33bf-975d-4e21-9b5f-5, Tilburg University, School of Economics and Management.
    23. Iacono, Roberto & Smedsvik, Bård, 2023. "Behavioral responses to wealth taxation: evidence from a Norwegian reform," LSE Research Online Documents on Economics 121084, London School of Economics and Political Science, LSE Library.
    24. Elisa Stumpf & Silke Uebelmesser, 2025. "Preferences for Wealth Redistribution: The Role of Social Background and Merit," Jena Economics Research Papers 2025-008, Friedrich-Schiller-University Jena.
    25. Lin, Ziqi (Rachel), 2025. "Tax share analysis and prediction of kernel extreme Learning machine optimized by vector weighted average algorithm," OSF Preprints ymjw9_v1, Center for Open Science.
    26. Stephen Snudden, 2024. "Leverage and Rate of Return Heterogeneity Among U.S. Households," LCERPA Working Papers jc0150, Laurier Centre for Economic Research and Policy Analysis, revised Dec 2024.
    27. Bellofatto, Antonio Andrés, 2025. "Wealth taxation and life expectancy," Journal of Monetary Economics, Elsevier, vol. 152(C).
    28. Matteo Dalle Luche & Demetrio Guzzardi & Elisa Palagi & Andrea Roventini & Alessandro Santoro, 2024. "Tackling the regressivity of the Italian tax system: An optimal taxation framework with heterogeneous returns to capital," LEM Papers Series 2024/26, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    29. Altmejd, Adam & Jansson, Thomas & Karabulut, Yigitcan, 2024. "Business Education and Portfolio Returns," IZA Discussion Papers 16976, IZA Network @ LISER.
    30. Juan Esteban Carranza & Alejandra Ximena González-Ramírez & Mauricio Villamizar-Villegas, 2025. "Estructura tributaria y desempeño de las firmas colombianas," Borradores de Economia 1332, Banco de la Republica de Colombia.
    31. Siew Ling Yew & Shuyun May Li & Solmaz Moslehi, 2024. "Optimal parental leave subsidization with endogenous fertility and growth," Economic Inquiry, Western Economic Association International, vol. 62(1), pages 97-125, January.
    32. William Maloney & Jorge Andres Zambrano & Guillermo Vuletin & Guillermo Beylis & Pablo Garriga, "undated". "Latin America and the Caribbean Economic Review, October 2024: Taxing Wealth for Equity and Growth [Informe Económico América Latina y el Caribe, Octubre 2024: Impuestos a la riqueza para la equidad y el crecimiento]," World Bank Publications - Reports 42001, The World Bank Group.
    33. Klaus W. Deininger & Thea Hilhorst & Zevenbergen,Jaap & Nkurunziza,Emmanuel, 2025. "Capitalizing on Digital Transformation to Enhance the Effectiveness of Property Institutions : Conceptual Background and Evidence from 85 Countries," Policy Research Working Paper Series 11100, The World Bank.
    34. Bariş Kaymak & David Leung & Markus Poschke, 2026. "Accounting for Wealth Concentration in the United States," American Economic Journal: Macroeconomics, American Economic Association, vol. 18(1), pages 187-222, January.
    35. Moore, Rachel & Pecoraro, Brandon, 2023. "Quantitative analysis of a wealth tax for the United States: Exclusions and expenditures," Journal of Macroeconomics, Elsevier, vol. 78(C).
    36. Stumpf, Elisa & Uebelmesser, Silke, 2025. "Preferences for wealth redistribution: The role of social background and merit," European Journal of Political Economy, Elsevier, vol. 90(PB).
    37. Emily Moschini & Monica Tran-Xuan, 2025. "Family Policies and Child Skill Accumulation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 56, April.
    38. Boar, Corina & Knowles, Matthew, 2024. "Optimal taxation of risky entrepreneurial capital," Journal of Public Economics, Elsevier, vol. 234(C).
    39. Skare, Marinko & Gavurova, Beata & Blažević Burić, Sanja, 2024. "Artificial intelligence and wealth inequality: A comprehensive empirical exploration of socioeconomic implications," Technology in Society, Elsevier, vol. 79(C).

  5. Fatih Guvenen & Luigi Pistaferri & Giovanni L. Violante, 2022. "Global Trends in Income Inequality and Income Dynamics: New Insights from GRID," NBER Working Papers 30524, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jose Garcia-Louzao & Linas Tarasonis, 2025. "Earnings Inequality and Risk over Two Decades of Economic Development in Lithuania," CESifo Working Paper Series 11680, CESifo.
    2. Martin Eckhoff Andresen & Andreas Kostøl & Ross Milton & Corina Mommaerts & Luisa Wallossek, 2025. "Monthly Earnings Volatility and Household Pooling," CESifo Working Paper Series 12323, CESifo.
    3. Jonathan Heathcote & Fabrizio Perri & Giovanni Violante & Lichen Zhang, 2023. "More Unequal We Stand? Inequality Dynamics in the United States, 1967–2021," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 50, pages 235-266, October.
    4. Eliana Coschignano & Robin Jessen, 2025. "The Diverging Trends of Male and Female Bottom Earnings in Germany," SOEPpapers on Multidisciplinary Panel Data Research 1217, DIW Berlin, The German Socio-Economic Panel (SOEP).
    5. Wang Li & Jie Weng, 2026. "Intensify or Alleviate? The Impact of Rural Digital Development on Rural Income Inequality: Evidence From the Chinese Household Level," Journal of International Development, John Wiley & Sons, Ltd., vol. 38(1), pages 71-87, January.
    6. Emile A. Marin & Sanjay R. Singh, 2025. "Incomplete Markets and Exchange Rates," Working Paper Series 2025-11, Federal Reserve Bank of San Francisco.
    7. Diego Ascarza-Mendoza & Christian Velasquez, 2025. "On the Dynamics of Mental Health," Working Paper Series of the School of Government and Public Transformation 7, School of Governement and Public Transformation.
    8. Alexander Karaivanov & Benoit Mojon & Luiz Awazu Pereira da Silva & Robert M Townsend, 2023. "Digital safety nets: a roadmap," BIS Papers, Bank for International Settlements, number 139.
    9. Kolasa, Aleksandra, 2024. "Welfare and economic implications of universal child benefits," Journal of Economic Dynamics and Control, Elsevier, vol. 167(C).
    10. Ellora Derenoncourt & Chi Hyun Kim & Moritz Kuhn & Moritz Schularick, 2023. "Unemployment Risk, Portfolio Choice, and the Racial Wealth Gap," ECONtribute Discussion Papers Series 265, University of Bonn and University of Cologne, Germany.
    11. Carla Oliveira Henriques & Oscar David Marcenaro-Gutierrez & Luis Alejandro Lopez-Agudo & Sara Sousa, 2026. "Dynamic assessment of material living conditions across europe: a window data envelopment analysis approach," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 43(1), pages 161-188, April.
    12. Tir, Melinda & Boza, István & Pető, Rita, 2025. "Magyar adminisztratív munkáltatói-munkavállalói adatok. Az Admin4 adatbázis hazai és nemzetközi perspektívában [Hungarian administrative employer-employee data. The Admin4 database in national and international perspective]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1109-1122.
    13. Luis Bauluz & Sebastien Breau & Pawel Bukowski & Mark Fransham & Annie Seong Lee & Neil Lee & Margarita Lopez Forero & Clement Malgouyres & Filip Novokmet & Moritz Schularick & Gregory Verdugo, 2023. "Spatial wage inequality in North America and Western Europe: changes between and within local labour markets 1975-2019," CEP Discussion Papers dp1941, Centre for Economic Performance, LSE.
    14. Silvia Sarpietro & Yuya Sasaki & Yulong Wang, 2026. "Nonexistent Moments of Earnings Growth," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 41(1), pages 39-55, January.
    15. Bertrand Garbinti & Cecilia García-Peñalosa & Vladimir Pecheu & Frédérique Savignac, 2024. "Trends and Inequality in Lifetime Earnings in France," Institut des Politiques Publiques halshs-04424024, HAL.
    16. Wizan, Maisarah & Sologon, Denisa M. & Marchal, Sarah, 2025. "The Shift from Persistent Inequality to Earnings Instability in Belgium," IZA Discussion Papers 18132, IZA Network @ LISER.
    17. Fatih Guvenen & Serdar Ozkan & Rocio Madera, 2024. "Consumption Dynamics and Welfare under Non-Gaussian Earnings Risk," CESifo Working Paper Series 11135, CESifo.
    18. Isaak, Niklas & Jessen, Robin, 2024. "Moderation in Higher-Order Earnings Risk? Evidence from German Cohorts," IZA Discussion Papers 17568, IZA Network @ LISER.
    19. Juan Duran & Iulia Siedschlag, 2025. "Multinational Enterprises and Between‐Firm Wage Inequality Across European Regions," The World Economy, Wiley Blackwell, vol. 48(11), pages 2447-2466, November.
    20. Yoshiyuki ARATA & Hiroshi YOSHIKAWA & Shingo OKAMOTO, 2025. "Explaining Zipf's Law by Rapid Growth," Discussion papers 25070, Research Institute of Economy, Trade and Industry (RIETI).
    21. Darapheak Tin & Chung Tran & Nabeeh Zakariyya, 2025. "The Evolution of the Earnings Distribution in a Sustained Growth Economy: Evidence from Australia," ANU Working Papers in Economics and Econometrics 2025-704, Australian National University, College of Business and Economics, School of Economics.
    22. Sagiri KITAO & Michio SUZUKI & Tomoaki YAMADA, 2025. "Nonlinear Earnings Dynamics and Inequality over the Life Cycle: Evidence from Japanese Municipal Tax Records," Discussion papers 25081, Research Institute of Economy, Trade and Industry (RIETI).
    23. Andrew Caplin & Victoria Gregory & Eungik Lee & Soren Leth-Petersen & Johan Sæverud, 2023. "Subjective Earnings Risk," Working Papers 2023-003, Federal Reserve Bank of St. Louis, revised 25 Apr 2025.
    24. Shu, Tianheng & Liao, Xia & Yang, Shuo & Yu, Taofang, 2024. "Towards sustainability: Evaluating energy efficiency with a super-efficiency SBM-DEA model across 168 economies," Applied Energy, Elsevier, vol. 376(PA).
    25. Tobias Broer & John V. Kramer & Kurt Mitman, 2025. "The Distributional Effects of Oil Shocks," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 73(3), pages 851-889, September.
    26. Nuno Alves & Carlos Martins, 2025. "The anatomy of household income dynamics in Portugal," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    27. Charles Beach, 2025. "Testing for Canadian Distributional Change: Declining Middle Class, Rising Top Income Shares and Widening Income Gaps," Working Paper 1531, Economics Department, Queen's University.
    28. Coschignano, Eliana & Jessen, Robin, 2024. "The diverging trends of male and female bottom incomes in Germany," Ruhr Economic Papers 1125, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    29. Francesca Subioli & Michele Raitano, 2022. "Differences set in stone: evidence on the inequality-mobility trade off in italy," Working Papers 633, ECINEQ, Society for the Study of Economic Inequality.
    30. Königs, Sebastian & Terrero-Dávila, Javier, 2025. "Who Climbs the Income Ladder? Cross-Country Evidence on Income Mobility from Tax Record Data," IZA Discussion Papers 17996, IZA Network @ LISER.
    31. Charles Beach, 2023. "Quantile Tool Box Measures for Empirical Analysis and for Testing Distributional Comparisons in Direct Distribution-Free Fashion," Working Paper 1508, Economics Department, Queen's University.
    32. Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante & Lichen Zhang, 2023. "More Unequal We Stand? Inequality Dynamics in the United States, 1967–2021," Staff Report 648, Federal Reserve Bank of Minneapolis.
    33. Muhammad Suhrab & Chen Pinglu & Ningyu Qian, 2025. "Role of technological innovation for enhancing financial inclusion to reduce income inequality in BRICS economies," Asia-Pacific Journal of Regional Science, Springer, vol. 9(4), pages 1145-1180, December.
    34. Daniele Checchi & Tullio Jappelli & Immacolata Marino & Annalisa Scognamiglio, 2024. "Inequality trends in a slow‐growing economy: Italy, 1990–2020," Fiscal Studies, John Wiley & Sons, vol. 45(3), pages 377-392, September.
    35. Madeira, Carlos, 2026. "Identification of earnings dynamics using rotating samples over short periods: the case of Chile," World Development, Elsevier, vol. 199(C).
    36. Charles Beach & Russell Davidson, 2025. "Empirically Implementing a Social Welfare Inference Framework," Working Paper 1530, Economics Department, Queen's University.
    37. Sagiri Kitao & Tomoaki Yamada, 2025. "Earnings, income, and wealth inequality in Japan: a long-term perspective, 1984–2019," The Japanese Economic Review, Springer, vol. 76(2), pages 231-283, April.
    38. Serdar Birinci & Miguel Faria-e-Castro & Kurt See, 2024. "Dissecting the Great Retirement Boom," Working Papers 2024-017, Federal Reserve Bank of St. Louis, revised 19 Aug 2025.
    39. Mathieu Boullot & Christophe Cahn & Edouard Challe & Julien Matheron, 2026. "Aggregate and Distributional Implications of a Military Buildup," Working papers 1039, Banque de France.
    40. Coschignano, Eliana & Jessen, Robin, 2024. "The Diverging Trends of Male and Female Bottom Earnings in Germany," IZA Discussion Papers 17567, IZA Network @ LISER.
    41. Adamopoulou, Effrosyni & Galenianos, Manolēs & Giannakopoulos, Nicholas & Kammas, Pantelis & Laliotis, Ioannis, 2026. "Earnings dynamics through boom, crisis, and recovery: Evidence from Greece," ZEW Discussion Papers 26-024, ZEW - Leibniz Centre for European Economic Research.
    42. Brewer, Mike & Cominetti, Nye & Jenkins, Stephen P., 2025. "What do we know about income and earnings volatility?," LSE Research Online Documents on Economics 127659, London School of Economics and Political Science, LSE Library.

  6. David Domeij & Fatih Guvenen & Rocio Madera & Christopher Busch, 2020. "Skewed Idiosyncratic Income Risk over the Business Cycle: Sources and Insurance," Working Papers 1180, Barcelona School of Economics.

    Cited by:

    1. Jose Garcia-Louzao & Linas Tarasonis, 2025. "Earnings Inequality and Risk over Two Decades of Economic Development in Lithuania," CESifo Working Paper Series 11680, CESifo.
    2. Larrimore, Jeff & Mortenson, Jacob & Splinter, David, 2023. "Earnings business cycles: The Covid recession, recovery, and policy response," Journal of Public Economics, Elsevier, vol. 225(C).
    3. Yuanchen Cai & Pablo Guerron-Quintana, 2025. "Lopsided Interest Rates in International Borrowing Markets," Boston College Working Papers in Economics 1088, Boston College Department of Economics.
    4. Merkl, Christian & Stüber, Heiko, 2023. "Wage and Employment Cyclicalities at the Establishment Level," GLO Discussion Paper Series 1344, Global Labor Organization (GLO).
    5. Benjamin Friedrich & Lisa Laun & Costas Meghir, 2022. "Earnings dynamics of immigrants and natives in Sweden 1985–2016," Quantitative Economics, Econometric Society, vol. 13(4), pages 1803-1847, November.
    6. Drechsel-Grau, Moritz & Peichl, Andreas & Schmieden, Johannes & Schmid, Kai D. & Walz, Hannes & Wolter, Stefanie, 2022. "Inequality and Income Dynamics in Germany," IZA Discussion Papers 15115, IZA Network @ LISER.
    7. J. Atsu Amegashie, 2025. "Useless Knowledge: Directed vrs Non-Directed Research," CESifo Working Paper Series 12304, CESifo.
    8. Alfaro, Iván & Park, Hoonsuk, 2025. "Firm uncertainty and households: Spending, savings, and risks," Journal of Financial Economics, Elsevier, vol. 172(C).
    9. Ying Tung Chan & Chi Man Yip, 2023. "On the ambiguity of job search," Economic Inquiry, Western Economic Association International, vol. 61(4), pages 1006-1033, October.
    10. Ellora Derenoncourt & Chi Hyun Kim & Moritz Kuhn & Moritz Schularick, 2023. "Unemployment Risk, Portfolio Choice, and the Racial Wealth Gap," ECONtribute Discussion Papers Series 265, University of Bonn and University of Cologne, Germany.
    11. James Graham & Avish Sharma, 2024. "Monetary Policy and the Homeownership Rate," Working Papers 2024-11, University of Sydney, School of Economics.
    12. Ursula Mello & Tomas Rodriguez Martinez, 2020. "Trade-induced local labor market shocks and asymmetrical labor income risk," Economics Working Papers 1764, Department of Economics and Business, Universitat Pompeu Fabra.
    13. Niklas Engbom & Gustavo Gonzaga & Christian Moser & Roberta Olivieri, 2022. "Earnings inequality and dynamics in the presence of informality: The case of Brazil," Quantitative Economics, Econometric Society, vol. 13(4), pages 1405-1446, November.
    14. Silvia Sarpietro & Yuya Sasaki & Yulong Wang, 2026. "Nonexistent Moments of Earnings Growth," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 41(1), pages 39-55, January.
    15. Sylvain Catherine & Paolo Sodini & Yapei Zhang, 2024. "Countercyclical Income Risk and Portfolio Choices: Evidence from Sweden," Journal of Finance, American Finance Association, vol. 79(3), pages 1755-1788, June.
    16. Fatih Guvenen & Serdar Ozkan & Rocio Madera, 2024. "Consumption Dynamics and Welfare under Non-Gaussian Earnings Risk," CESifo Working Paper Series 11135, CESifo.
    17. Di Maggio, Marco & Kermani, Amir & Ramcharan, Rodney & Yao, Vincent & Yu, Edison, 2022. "The pass-through of uncertainty shocks to households," Journal of Financial Economics, Elsevier, vol. 145(1), pages 85-104.
    18. Belloc, Ignacio & Molina, José Alberto & Velilla, Jorge, 2025. "Consumption responses to inheritances: The role of durable goods," Journal of Macroeconomics, Elsevier, vol. 83(C).
    19. Isaak, Niklas & Jessen, Robin, 2024. "Moderation in Higher-Order Earnings Risk? Evidence from German Cohorts," IZA Discussion Papers 17568, IZA Network @ LISER.
    20. Niklas Amberg & Thomas Jansson & Mathias Klein & Anna Rogantini Picco, 2021. "Five Facts about the Distributional Income Effects of Monetary Policy," CESifo Working Paper Series 9062, CESifo.
    21. Søren Leth‐Petersen & Johan Sæverud, 2022. "Inequality and dynamics of earnings and disposable income in Denmark 1987–2016," Quantitative Economics, Econometric Society, vol. 13(4), pages 1493-1526, November.
    22. Hou, Ai Jun & Jonsson, Sara & Li, Xiaoyang & Ouyang, Qinglin, 2025. "From employee to entrepreneur: The role of unemployment risk," Journal of Financial Economics, Elsevier, vol. 163(C).
    23. Christopher Busch & Alexander Ludwig, 2024. "Higher‐Order Income Risk Over The Business Cycle," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(3), pages 1105-1131, August.
    24. Hung-pin Lai & Subal C. Kumbhakar, 2023. "Indirect inference estimation of stochastic production frontier models with skew-normal noise," Empirical Economics, Springer, vol. 64(6), pages 2771-2793, June.
    25. Fatih Guvenen & Luigi Pistaferri & Giovanni L. Violante, 2022. "Global trends in income inequality and income dynamics: New insights from GRID," Quantitative Economics, Econometric Society, vol. 13(4), pages 1321-1360, November.
    26. Andrew Caplin & Victoria Gregory & Eungik Lee & Soren Leth-Petersen & Johan Sæverud, 2023. "Subjective Earnings Risk," Working Papers 2023-003, Federal Reserve Bank of St. Louis, revised 25 Apr 2025.
    27. Marco D’Amico & Martina Fazio, 2025. "Modelling income risk dynamics in the UK: a parametric approach," Bank of England working papers 1129, Bank of England.
    28. Audra Bowlus & Émilien Gouin‐Bonenfant & Huju Liu & Lance Lochner & Youngmin Park, 2022. "Four decades of Canadian earnings inequality and dynamics across workers and firms," Quantitative Economics, Econometric Society, vol. 13(4), pages 1447-1491, November.
    29. Nicola Fuchs-Schündeln & Dirk Krueger & Alexander Ludwig & Irina Popova, 2020. "The Long-Term Distributional and Welfare Effects of Covid-19 School Closures," NBER Working Papers 27773, National Bureau of Economic Research, Inc.
    30. Manuel Arellano & Stéphane Bonhomme & Micole De Vera & Laura Hospido & Siqi Wei, 2022. "Income risk inequality: Evidence from Spanish administrative records," Quantitative Economics, Econometric Society, vol. 13(4), pages 1747-1801, November.
    31. Nuno Alves & Carlos Martins, 2025. "The anatomy of household income dynamics in Portugal," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    32. Thiago Revil T. Ferreira, 2022. "Cross-Sectional Financial Conditions, Business Cycles and The Lending Channel," International Finance Discussion Papers 1335, Board of Governors of the Federal Reserve System (U.S.).
    33. Tomás R. Martinez & Ursula Mello, 2024. "Trade Shocks And Higher‐Order Earnings Risk In Local Labor Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(4), pages 1717-1746, November.
    34. Giraldo, Carlos & Giraldo, Iader & Gomez-Gonzalez, Jose E. & Uribe, Jorge M., 2025. "Climate growth at risk in the global south," Energy Economics, Elsevier, vol. 149(C).
    35. Bojaj, Martin M. & Aharon, David Y., 2024. "Financial measures and banking crisis: New evidence," Finance Research Letters, Elsevier, vol. 70(C).

  7. Sergio Salgado & Fatih Guvenen & Nicholas Bloom, 2019. "Skewed Business Cycles," NBER Working Papers 26565, National Bureau of Economic Research, Inc.

    Cited by:

    1. Patrick Fève & Pablo Garcia Sanchez & Alban Moura & Olivier Pierrard, 2019. "Costly Default And Asymmetric Real Business Cycles," LIDAM Discussion Papers IRES 2019018, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    2. Isaac Baley & Andrés Blanco, 2019. "Aggregate dynamics in lumpy economies," Economics Working Papers 1670, Department of Economics and Business, Universitat Pompeu Fabra.
    3. Dong, Ding & Liu, Zheng & Wang, Pengfei, 2025. "Turbulent business cycles," Journal of Monetary Economics, Elsevier, vol. 155(C).
    4. Danilo Cascaldi-Garcia & Deepa Dhume Datta & Thiago Revil T. Ferreira & Olesya V. Grishchenko & Mohammad R. Jahan-Parvar & Juan M. Londono & Francesca Loria & Sai Ma & Marius del Giudice Rodriguez & J, 2020. "What is Certain about Uncertainty?," International Finance Discussion Papers 1294, Board of Governors of the Federal Reserve System (U.S.).
      • Danilo Cascaldi-Garcia & Cisil Sarisoy & Juan M. Londono & Bo Sun & Deepa D. Datta & Thiago Ferreira & Olesya Grishchenko & Mohammad R. Jahan-Parvar & Francesca Loria & Sai Ma & Marius Rodriguez & Ilk, 2023. "What Is Certain about Uncertainty?," Journal of Economic Literature, American Economic Association, vol. 61(2), pages 624-654, June.
    5. Iseringhausen, Martin & Petrella, Ivan & Theodoridis, Konstantinos, 2021. "Aggregate Skewness and the Business Cycle," Cardiff Economics Working Papers E2021/30, Cardiff University, Cardiff Business School, Economics Section.
    6. Ferreira, Thiago R.T., 2024. "Cross-sectional financial conditions, business cycles and the lending channel," Journal of Monetary Economics, Elsevier, vol. 147(C).
    7. Rafael Cezar & Timothée Gigout & Fabien Tripier, 2020. "Cross-border Investments and Uncertainty Firm-level Evidence," Working Papers 2020-03, CEPII research center.
    8. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2020. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," NBER Working Papers 26962, National Bureau of Economic Research, Inc.
    9. Iseringhausen, Martin, 2024. "A time-varying skewness model for Growth-at-Risk," International Journal of Forecasting, Elsevier, vol. 40(1), pages 229-246.
    10. Ying Tung Chan & Chi Man Yip, 2023. "On the ambiguity of job search," Economic Inquiry, Western Economic Association International, vol. 61(4), pages 1006-1033, October.
    11. Gross, Isaac & Hansen, James, 2021. "Optimal policy design in nonlinear DSGE models: An n-order accurate approximation," European Economic Review, Elsevier, vol. 140(C).
    12. Eric Anderson & Sergio Rebelo & Arlene Wong, 2018. "Markups Across Space and Time," NBER Working Papers 24434, National Bureau of Economic Research, Inc.
    13. Jesús Fernández-Villaverde & Pablo A. Guerrón-Quintana, 2020. "Uncertainty Shocks and Business Cycle Research," NBER Working Papers 26768, National Bureau of Economic Research, Inc.
    14. Fernández-Villaverde, Jesús & Mandelman, Federico & Yu, Yang & Zanetti, Francesco, 2021. "The “Matthew effect” and market concentration: Search complementarities and monopsony power," Journal of Monetary Economics, Elsevier, vol. 121(C), pages 62-90.
    15. Yoshiki Ando, 2024. "Dynamics of High-Growth Young Firms and the Role of Venture Capitalists," PIER Working Paper Archive 24-012, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    16. Dew-Becker, Ian & Giglio, Stefano & Kelly, Bryan, 2021. "Hedging macroeconomic and financial uncertainty and volatility," Journal of Financial Economics, Elsevier, vol. 142(1), pages 23-45.
    17. Haykaz Igityan, 2019. "Asymmetric Effects of Monetary Policy in Different Phases of Armenia's Business Cycle," Working Papers 11, Central Bank of Armenia.
    18. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2024. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 116-151, March.
    19. Kajal Lahiri & Liu Yang, 2023. "Predicting binary outcomes based on the pair-copula construction," Empirical Economics, Springer, vol. 64(6), pages 3089-3119, June.
    20. Li, Yulin & Wald, John K. & Wang, Zijun, 2025. "Not just the news: Higher moments of macroeconomic variables and sovereign bond returns," Global Finance Journal, Elsevier, vol. 66(C).
    21. David Domeij & Fatih Guvenen & Rocio Madera & Christopher Busch, 2020. "Skewed Idiosyncratic Income Risk over the Business Cycle: Sources and Insurance," Working Papers 1180, Barcelona School of Economics.
    22. Andrea Buraschi & Claudio Tebaldi, 2024. "Financial Contagion in Network Economies and Asset Prices," Management Science, INFORMS, vol. 70(1), pages 484-506, January.
    23. Gigout, Timothee, 2019. "Firm dynamics in an global and uncertain economy," MPRA Paper 96569, University Library of Munich, Germany, revised 16 Oct 2019.
    24. Burgess, Matthew G. & Langendorf, Ryan E. & Ippolito, Tara & Pielke, Roger Jr, 2020. "Optimistically biased economic growth forecasts and negatively skewed annual variation," SocArXiv vndqr, Center for Open Science.
    25. Nam Gang Lee, 2020. "Vulnerable Growth: A Revisit," Working Papers 2020-22, Economic Research Institute, Bank of Korea.
    26. Miranda-Pinto, Jorge & Silva, Alvaro & Young, Eric R., 2023. "Business cycle asymmetry and input-output structure: The role of firm-to-firm networks," Journal of Monetary Economics, Elsevier, vol. 137(C), pages 1-20.
    27. Thiago Revil T. Ferreira, 2022. "Cross-Sectional Financial Conditions, Business Cycles and The Lending Channel," International Finance Discussion Papers 1335, Board of Governors of the Federal Reserve System (U.S.).
    28. De Santis, Roberto A. & Van der Veken, Wouter, 2020. "Forecasting macroeconomic risk in real time: Great and Covid-19 Recessions," Working Paper Series 2436, European Central Bank.
    29. Aubhik Khan & Soyoung Lee, 2023. "Persistent Debt and Business Cycles in an Economy with Production Heterogeneity," Staff Working Papers 23-17, Bank of Canada.
    30. Patrick Fève & Pablo Garcia Sanchez & Alban Moura & Olivier Pierrard, 2021. "Costly default and skewed business cycle," Post-Print hal-03346173, HAL.
    31. Han, Yang & Liao, Wenting & Xiong, Rui, 2025. "The time-varying effects of skewness on the macroeconomy," Economics Letters, Elsevier, vol. 254(C).
    32. Martin Ravallion, 2022. "Macroeconomic Covariates of Real Household Incomes in America," Working Papers gueconwpa~22-22-04, Georgetown University, Department of Economics.
    33. Bachmann, Rüdiger & Elstner, Steffen & Hristov, Atanas, 2017. "Surprise, surprise – Measuring firm-level investment innovations," Journal of Economic Dynamics and Control, Elsevier, vol. 83(C), pages 107-148.
    34. Benigno, Pierpaolo & Rossi, Lorenza, 2021. "Asymmetries in monetary policy," European Economic Review, Elsevier, vol. 140(C).
    35. Giraldo, Carlos & Giraldo, Iader & Gomez-Gonzalez, Jose E. & Uribe, Jorge M., 2025. "Climate growth at risk in the global south," Energy Economics, Elsevier, vol. 149(C).
    36. Dario Caldara & Chiara Scotti & Molin Zhong, 2021. "Macroeconomic and Financial Risks: A Tale of Mean and Volatility," International Finance Discussion Papers 1326, Board of Governors of the Federal Reserve System (U.S.).
    37. Altig, David & Barrero, Jose Maria & Bloom, Nicholas & Davis, Steven J. & Meyer, Brent & Parker, Nicholas, 2022. "Surveying business uncertainty," Journal of Econometrics, Elsevier, vol. 231(1), pages 282-303.

  8. Daphne Chen & Fatih Guvenen & Gueorgui Kambourov & Burhanettin Kurusçu & Sergio Ocampo, 2019. "Use it or Lose it: Efficiency Gains from Wealth Taxation," Working Papers 764, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Thomas Reininger, 2021. "The EU Budgetary Package 2021 to 2027 Almost Finalised: An Assessment," wiiw Policy Notes 45, The Vienna Institute for International Economic Studies, wiiw.
    2. Emmanuel Saez & Gabriel Zucman, 2019. "Progressive Wealth Taxation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 50(2 (Fall)), pages 437-533.
    3. Bjørneby, Marie & Markussen, Simen & Røed, Knut, 2020. "Does the Wealth Tax Kill Jobs?," IZA Discussion Papers 13766, IZA Network @ LISER.
    4. Florian Scheuer & Joel Slemrod, 2020. "Taxation and the Superrich," Annual Review of Economics, Annual Reviews, vol. 12(1), pages 189-211, August.
    5. Samuel Brien, 2021. "Wealth Inequality, Uninsurable Entrepreneurial Risk and Firms Markup," Working Paper 1476, Economics Department, Queen's University.
    6. Guiso, Luigi & Pistaferri, Luigi & Fagereng, Andreas & Malacrino, Davide, 2016. "Heterogeneity and Persistence in Returns to Wealth," CEPR Discussion Papers 11635, Centre for Economic Policy Research.
    7. Shahar Rotberg, 2022. "The Implications Of Housing For The Design Of Wealth Taxes," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(1), pages 125-159, February.
    8. Florian Scheuer & Joel Slemrod, 2020. "Taxing Our Wealth," CESifo Working Paper Series 8719, CESifo.
    9. Matthieu Gomez & Émilien Gouin‐Bonenfant, 2024. "Wealth Inequality in a Low Rate Environment," Econometrica, Econometric Society, vol. 92(1), pages 201-246, January.
    10. Atif Mian & Ludwig Straub & Amir Sufi, 2020. "Indebted Demand," CESifo Working Paper Series 8210, CESifo.
    11. Elin Halvorsen & Thor Olav Thoresen, 2017. "Distributional Effects of the Wealth Tax under a Lifetime-Dynastic Income Concept," CESifo Working Paper Series 6614, CESifo.
    12. Glen Loutzenhiser & Elizabeth Mann, 2021. "Liquidity issues: solutions for the asset rich, cash poor," Fiscal Studies, John Wiley & Sons, vol. 42(3-4), pages 651-675, September.
    13. Delis, Fotios & Economidou, Claire & Hasan, Iftekhar, 2022. "Democracy, Institutions, and International Profit-Shifting," MPRA Paper 111715, University Library of Munich, Germany.
    14. Baris Kaymak & CHEUK SHING LEUNG & Markus Poschke, 2018. "Accounting for the determinants of wealth concentration in the US," 2018 Meeting Papers 911, Society for Economic Dynamics.
    15. Patrick Macnamara & Myroslav Pidkuyko & Raffaele Rossi, 2021. "Marginal tax changes with risky investment," Working Papers 2116, Banco de España.
    16. Krapf, Matthias, 2018. "The Joint Distribution of Wealth and Income Risk: Evidence from Bern," Working papers 2018/18, Faculty of Business and Economics - University of Basel.
    17. Advani, Arun & Summers, Andy, 2022. "Measuring and taxing top incomes and wealth," The Warwick Economics Research Paper Series (TWERPS) 1403, University of Warwick, Department of Economics.
    18. Petter Bjerksund & Guttorm Schjelderup, 2022. "Investor asset valuation under a wealth tax and a capital income tax," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(4), pages 873-889, August.
    19. Spencer Bastani & Daniel Waldenström, 2020. "How Should Capital Be Taxed?," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 812-846, September.
    20. di Giovanni,Julian & Garcia Santana,Manuel Jose & Jeenas,Priit & Moral Benito,Enrique & Pijoan-Mas,Josep, 2023. "Buy Big or Buy Small ? Procurement Policies, Firms’ Financing, and the Macroeconomy," Policy Research Working Paper Series 10522, The World Bank.
    21. Spencer Bastani & Daniel Waldenström, 2018. "How Should Capital be Taxed? Theory and Evidence from Sweden," CESifo Working Paper Series 7004, CESifo.
    22. Cho, Daeha & Ma, Eunseong, 2023. "The heterogeneous welfare effects of business cycles," European Economic Review, Elsevier, vol. 153(C).
    23. Støstad, Morten Nyborg & Cowell, Frank, 2024. "Inequality as an externality: consequences for tax design," LSE Research Online Documents on Economics 123752, London School of Economics and Political Science, LSE Library.
    24. Arun Advani & Hannah Tarrant, 2021. "Behavioural responses to a wealth tax," Fiscal Studies, John Wiley & Sons, vol. 42(3-4), pages 509-537, September.
    25. Conesa, Juan Carlos & Li, Bo & Li, Qian, 2023. "A quantitative evaluation of universal basic income," Journal of Public Economics, Elsevier, vol. 223(C).
    26. Eddy Zanoutene, 2023. "Scale‐dependent and risky returns to savings: Consequences for optimal capital taxation," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 25(3), pages 532-569, June.
    27. Stefanie Stantcheva, 2020. "Dynamic Taxation," Annual Review of Economics, Annual Reviews, vol. 12(1), pages 801-831, August.
    28. Aditya Aladangady & Etienne Gagnon & Benjamin K. Johannsen & William B. Peterman, 2021. "Macroeconomic Implications of Inequality and Income Risk," Finance and Economics Discussion Series 2021-073, Board of Governors of the Federal Reserve System (U.S.).
    29. Spencer Bastani & Daniel Waldenström, 2018. "How should capital be taxed? The Swedish experience," Working Papers hal-02878153, HAL.
    30. Neves José Pedro Bastos & Semmler Willi, 2025. "A Carbon Wealth Tax: Modelling, Empirics, and Policy," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 245(6), pages 643-672.
    31. Stuart Adam & Helen Miller, 2021. "The economic arguments for and against a wealth tax," Fiscal Studies, John Wiley & Sons, vol. 42(3-4), pages 457-483, September.
    32. Marie Bjørneby & Simen Markussen & Knut Røed, 2023. "An imperfect wealth tax and employment in closely held firms," Economica, London School of Economics and Political Science, vol. 90(358), pages 557-583, April.
    33. Luca Spataro & Tommaso Crescioli, 2024. "How much capital should be taxed? A review of the quantitative and empirical literature," Journal of Economic Surveys, Wiley Blackwell, vol. 38(4), pages 1399-1436, September.
    34. Robin Boadway & Kevin Spiritus, 2021. "Optimal Taxation of Normal and Excess Returns to Risky Assets," Tinbergen Institute Discussion Papers 21-025/VI, Tinbergen Institute.
    35. Matthew Smith & Owen Zidar & Eric Zwick, 2021. "Top Wealth in America: New Estimates and Implications for Taxing the Rich," Working Papers 2021-7, Princeton University. Economics Department..
    36. Lu, Kelin, 2022. "Overreaction to capital taxation in saving decisions," Journal of Economic Dynamics and Control, Elsevier, vol. 144(C).
    37. Sarah Perret, 2021. "Why were most wealth taxes abandoned and is this time different?," Fiscal Studies, John Wiley & Sons, vol. 42(3-4), pages 539-563, September.
    38. Thor O. Thoresen & Marius A. K. Ring & Odd E. Nygård & Jon Epland, 2021. "A wealth tax at work," Discussion Papers 960, Statistics Norway, Research Department.
    39. Patrick Macnamara & Myroslav Pidkuyko & Raffaele Rossi, 2021. "Marginal Tax Rates and Income in the Long Run: Evidence from a Structural Estimation," Economics Discussion Paper Series 2105, Economics, The University of Manchester, revised Jan 2022.
    40. Kapeller, Jakob & Leitch, Stuart & Wildauer, Rafael, 2023. "Can a European wealth tax close the green investment gap?," Ecological Economics, Elsevier, vol. 209(C).
    41. Sergio Ocampo & Fatih Guvenen & Gueorgui Kambourov & Burhan Kuruscu & Daphne Chen, 2022. "Use It or Lose It: Efficiency and Redistributional Effects of Wealth Taxation," University of Western Ontario, Departmental Research Report Series 202214, University of Western Ontario, Department of Economics.
    42. Aart Gerritsen & Bas Jacobs & Alexandra V. Rusu & Kevin Spiritus, 2020. "Optimal Taxation of Capital Income with Heterogeneous Rates of Return," Tinbergen Institute Discussion Papers 20-038/VI, Tinbergen Institute.
    43. Boadway, Robin & Pestieau, Pierre, 2022. "The Wealth Tax and the Tax Mix," LIDAM Discussion Papers CORE 2022007, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    44. Julian di Giovanni & Manuel García-Santana & Priit Jeenas & Enrique Moral-Benito & Josep Pijoan-Mas, 2022. "Government procurement and access to credit: firm dynamics and aggregate implications," Economics Working Papers 1821, Department of Economics and Business, Universitat Pompeu Fabra.
    45. Gale, William G., 2020. "Raising Revenue with a Progressive Value-Added Tax," MPRA Paper 99197, University Library of Munich, Germany.
    46. Karl Schulz, 2021. "Redistribution of Return Inequality," CESifo Working Paper Series 8996, CESifo.
    47. Corina Boar & Virgiliu Midrigan, 2020. "Efficient Redistribution," NBER Working Papers 27622, National Bureau of Economic Research, Inc.
    48. Juan Carlos Conesa & Bo Li & Qian Li, 2020. "Universal Basic Income and Progressive Consumption Taxes," Department of Economics Working Papers 20-01, Stony Brook University, Department of Economics.
    49. Bjerksund, Petter & Schjelderup, Guttorm, 2019. "Does a Wealth Tax Discriminate against Domestic Investors?," Discussion Papers 2019/16, Norwegian School of Economics, Department of Business and Management Science.
    50. Moore, Rachel & Pecoraro, Brandon, 2021. "Quantitative Analysis of a Wealth Tax in the United States: Exclusions, Evasion, and Expenditures," MPRA Paper 109120, University Library of Munich, Germany.
    51. Amitrajeet A. Batabyal, 2020. "The economics of belonging: A radical plan to win back the left behind and achieve prosperity for all ‐ Martin Sandhu," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(5), pages 971-973, October.
    52. Ergen, Timur & Kohl, Sebastian & Braun, Benjamin, 2021. "Firm foundations: The statistical footprint of multinational corporations as a problem for political economy," MPIfG Discussion Paper 21/5, Max Planck Institute for the Study of Societies.
    53. Fisman, Raymond & Gladstone, Keith & Kuziemko, Ilyana & Naidu, Suresh, 2020. "Do Americans want to tax wealth? Evidence from online surveys," Journal of Public Economics, Elsevier, vol. 188(C).
    54. Kaymak, Barıș & Leung, David & Poschke, Markus, 2020. "Accounting for Wealth Concentration in the US," IZA Discussion Papers 13082, IZA Network @ LISER.
    55. Boadway,Robin & Cuff,Katherine, 2022. "Tax Policy," Cambridge Books, Cambridge University Press, number 9781108949453, August.
    56. Sergio Salgado, 2019. "Technical Change and Entrepreneurship," 2019 Meeting Papers 634, Society for Economic Dynamics.
    57. Corina Boar & Matthew Knowles, 2022. "Optimal Taxation of Risky Entrepreneurial Capital," ECONtribute Discussion Papers Series 166, University of Bonn and University of Cologne, Germany.
    58. Rachel Moore & Brandon Pecoraro, 2021. "A Tale of Two Bases: Progressive Taxation of Capital and Labor Income," Public Finance Review, , vol. 49(3), pages 335-391, May.
    59. Émilien Gouin‐Bonenfant & Alexis Akira Toda, 2023. "Pareto extrapolation: An analytical framework for studying tail inequality," Quantitative Economics, Econometric Society, vol. 14(1), pages 201-233, January.
    60. Balázs Zélity, 2023. "Age diversity and aggregate productivity," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(3), pages 1863-1899, July.
    61. Philipp J. H. Schröder & Allan Sørensen, 2023. "Corporate taxation when firms are heterogeneous: ACE versus CBIT," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(2), pages 396-418, April.
    62. Alessandro Di Nola & Georgi Kocharkov & Almuth Scholl & Anna-Mariia Tkhir, 2021. "The Aggregate Consequences of Tax Evasion," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 198-227, April.
    63. Mu-Jeung Yang, 2021. "The interdependence imperative: business strategy, complementarities, and economic policy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 37(2), pages 392-415.

  9. Antoine Arnoud & Fatih Guvenen & Tatjana Kleineberg, 2019. "Benchmarking Global Optimizers," NBER Working Papers 26340, National Bureau of Economic Research, Inc.

    Cited by:

    1. Fabio Blasutto & Egor Kozlov, 2020. "(Changing) Marriage and Cohabitation Patterns in the US: do Divorce Laws Matter?," 2020 Papers pbl245, Job Market Papers.
    2. Hassan Afrouzi & Andres Drenik & Ryan Kim, 2020. "Growing by the Masses - Revisiting the Link between Firm Size and Market Power," CESifo Working Paper Series 8633, CESifo.
    3. Richard Audoly & Federica De Pace & Giulio Fella, 2022. "Job ladder, human capital, and the cost of job loss," IFS Working Papers W22/55, Institute for Fiscal Studies.
    4. Guido Ascari & Andrea Colciago & Timo Haber & Stefan Wöhrmüller, 2025. "Inequality along the European green transition," Working Papers 830, DNB.
    5. Jean-Jacques Forneron & Liang Zhong, 2023. "Convexity Not Required: Estimation of Smooth Moment Condition Models," Papers 2304.14386, arXiv.org, revised Jul 2025.
    6. Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2021. "What Do Data on Millions of U.S. Workers Reveal About Lifecycle Earnings Dynamics?," Econometrica, Econometric Society, vol. 89(5), pages 2303-2339, September.
    7. Cortes, Patricia & Pan, Jessica & Pilossoph, Laura & Zafar, Basit, 2021. "Gender Differences in Job Search and the Earnings Gap: Evidence from Business Majors," IZA Discussion Papers 14373, IZA Network @ LISER.
    8. Rory McGee, 2021. "Old Age Savings and House Price Shocks," University of Western Ontario, Departmental Research Report Series 20214, University of Western Ontario, Department of Economics.
    9. Katrine Jakobsen & Thomas H Jørgensen & Hamish Low, 2022. "Fertility and Family Labor Supply," Economics Series Working Papers 965, University of Oxford, Department of Economics.
    10. Steinberg, Joseph B., 2023. "Export market penetration dynamics," Journal of International Economics, Elsevier, vol. 145(C).
    11. Fabio Blasutto, 2020. "Cohabitation vs Marriage: Mating Strategies by Education in the USA," LIDAM Discussion Papers IRES 2020023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    12. Bertrand Achou, 2020. "Housing in Medicaid: Should it Really Change?," Cahiers de recherche / Working Papers 3, Institut sur la retraite et l'épargne / Retirement and Savings Institute.

  10. Fatih Guvenen & Dylan Rassier & Kim Ruhl & Raymond Mataloni, 2019. "The measurement implications of offshore profit shifting," 2019 Meeting Papers 1196, Society for Economic Dynamics.

    Cited by:

    1. Mr. Shafik Hebous & Mr. Alexander D Klemm & Yuou Wu, 2021. "How Does Profit Shifting Affect the Balance of Payments?," IMF Working Papers 2021/041, International Monetary Fund.

  11. David Domeij & Fatih Guvenen & Rocio Madera & Christopher Busch, 2018. "Asymmetric Business-Cycle Risk and Social Insurance," Working Papers 1031, Barcelona School of Economics.

    Cited by:

    1. Elin Halvorsen & Hans Holter & Serdar Ozkan & Kjetil Storesletten, 2022. "Dissecting Idiosyncratic Earnings Risk," Working Papers 2022-024, Federal Reserve Bank of St. Louis, revised 02 Mar 2023.
    2. Konstantinos Angelopoulos & Spyridon Lazarakis & Jim Malley, 2019. "Cyclical income risk in Great Britain," CESifo Working Paper Series 7594, CESifo.
    3. Ana Sofia Pessoa, 2021. "Earnings Dynamics in Germany," CESifo Working Paper Series 9117, CESifo.
    4. Pora, Pierre & Wilner, Lionel, 2020. "A decomposition of labor earnings growth: Recovering Gaussianity?," Labour Economics, Elsevier, vol. 63(C).
    5. Iseringhausen, Martin & Petrella, Ivan & Theodoridis, Konstantinos, 2021. "Aggregate Skewness and the Business Cycle," Cardiff Economics Working Papers E2021/30, Cardiff University, Cardiff Business School, Economics Section.
    6. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2020. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," NBER Working Papers 26962, National Bureau of Economic Research, Inc.
    7. De Nardi, Mariacristina & Fella, Giulio & Knoef, Marike & , & van Ooijen, Raun, 2019. "Family and Government Insurance: Wage, Earnings, and Income Risks in the Netherlands and the U.S," CEPR Discussion Papers 13720, Centre for Economic Policy Research.
    8. Leonel Muinelo-Gallo & Ronald Miranda, 2020. "The Behaviour of Social Transfers over the Business Cycle: Empirical Evidence of Uruguay," Hacienda Pública Española / Review of Public Economics, IEF, vol. 233(2), pages 25-54, June.
    9. Hoffmann, Eran B. & Malacrino, Davide, 2019. "Employment time and the cyclicality of earnings growth," Journal of Public Economics, Elsevier, vol. 169(C), pages 160-171.
    10. Muinelo-Gallo, Leonel, 2022. "Business cycles and redistribution: The role of government quality," Economic Systems, Elsevier, vol. 46(4).
    11. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2024. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 116-151, March.
    12. Makoto Nakajima & Vladimir Smirnyagin, 2019. "Cyclical Labor Income Risk," Opportunity and Inclusive Growth Institute Working Papers 22, Federal Reserve Bank of Minneapolis.
    13. Manuel Arellano & Stéphane Bonhomme, 2020. "Recovering Latent Variables by Matching," CeMMAP working papers CWP2/20, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    14. Joseph Altonji & Disa Hynsjo & Ivan Vidangos, 2023. "Individual Earnings and Family Income: Dynamics and Distribution," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 225-250, July.
    15. Sebastian Graves, 2020. "Does Unemployment Risk Affect Business Cycle Dynamics?," International Finance Discussion Papers 1298, Board of Governors of the Federal Reserve System (U.S.).
    16. Christopher Busch & Rocio Madera, 2026. "The Insurance Value of Public Insurance Against Idiosyncratic Income Risk," CESifo Working Paper Series 12467, CESifo.
    17. Silvia Avram & Mike Brewer & Paul Fisher & Laura Fumagalli, 2022. "Household Earnings and Income Volatility in the UK, 2009–2017," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 20(2), pages 345-369, June.

  12. Fatih Guvenen & Fatih Karahan & Serdar Ozkan, 2018. "Consumption and Savings Under Non-Gaussian Income Risk," 2018 Meeting Papers 314, Society for Economic Dynamics.

    Cited by:

    1. Giancarlo Corsetti & Anna Lipinska & Giovanni Lombardo, 2021. "Sharing Asymmetric Tail Risk: Smoothing, Asset Prices and Terms of Trade," International Finance Discussion Papers 1324, Board of Governors of the Federal Reserve System (U.S.).
    2. Botosaru, Irene, 2023. "Time-varying unobserved heterogeneity in earnings shocks," Journal of Econometrics, Elsevier, vol. 235(2), pages 1378-1393.
    3. Corsetti, G. & Lipińska, A. & Lombardo, G., 2021. "Sharing Asymmetric Tail Risk Smoothing, Asset Pricing and Terms of Trade," Cambridge Working Papers in Economics 2153, Faculty of Economics, University of Cambridge.

  13. Fatih Guvenen & Greg Kaplan, 2017. "Top Income Inequality in the 21st Century: Some Cautionary Notes," NBER Working Papers 23321, National Bureau of Economic Research, Inc.

    Cited by:

    1. Wolfgang Keller & William W. Olney, 2017. "Globalization and Executive Compensation," Department of Economics Working Papers 2017-04, Department of Economics, Williams College, revised Feb 2018.
    2. Florian Scheuer & Joel Slemrod, 2020. "Taxation and the Superrich," Annual Review of Economics, Annual Reviews, vol. 12(1), pages 189-211, August.
    3. Hufe, Paul & Kanbur, Ravi & Peichl, Andreas, 2018. "Measuring Unfair Inequality: Reconciling Equality of Opportunity and Freedom from Poverty," IZA Discussion Papers 11601, IZA Network @ LISER.
    4. Hongbin Li & Lingsheng Meng & Yunbin Zhang, 2026. "How Common Is the Prosperity? The Trends and Nature of China's Income Inequality, 1988–2018," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 34(2), pages 369-385, April.
    5. Giri Parameswaran & Hunter Rendleman, 2022. "Redistribution under general decision rules," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(1), pages 159-196, February.
    6. Fabian Kindermann & Dirk Krueger, 2022. "High Marginal Tax Rates on the Top 1 Percent? Lessons from a Life-Cycle Model with Idiosyncratic Income Risk," American Economic Journal: Macroeconomics, American Economic Association, vol. 14(2), pages 319-366, April.
    7. Tom Phelan, 2019. "The Optimal Taxation of Business Owners," Working Papers 19-26R, Federal Reserve Bank of Cleveland, revised 28 May 2021.
    8. Bruce D. Meyer & James X. Sullivan, 2017. "Consumption and Income Inequality in the U.S. Since the 1960s," NBER Working Papers 23655, National Bureau of Economic Research, Inc.
    9. Duquette, Nicolas J., 2018. "Inequality and philanthropy: High-income giving in the United States 1917–2012," Explorations in Economic History, Elsevier, vol. 70(C), pages 25-41.
    10. Egor Malkov, 2021. "Welfare Effects of Labor Income Tax Changes on Married Couples: A Sufficient Statistics Approach," Papers 2108.09981, arXiv.org, revised Sep 2021.
    11. Paola Sapienza, 2020. "Comment on "The Glass Ceiling and the Paper Floor: Changing Gender Composition of Top Earners since the 1980s"," NBER Chapters, in: NBER Macroeconomics Annual 2020, volume 35, pages 374-380, National Bureau of Economic Research, Inc.
    12. Vincenzo Quadrini & Qi Sun & yicheng wang, 2019. "Capitalist Human Capital," 2019 Meeting Papers 1155, Society for Economic Dynamics.
    13. Pogorelskiy, Kirill & Traub, Stefan, 2017. "Skewness, Tax Progression, and Demand for Redistribution : Evidence from the UK," CRETA Online Discussion Paper Series 29, Centre for Research in Economic Theory and its Applications CRETA.
    14. Sebastian Dyrda & Benjamin Pugsley, 2018. "Taxes, Regulations of Businesses and Evolution of Income Inequality in the US," 2018 Meeting Papers 318, Society for Economic Dynamics.
    15. Brant Abbott & Giovanni Gallipoli, 2018. "Human Capital Inequality: Empirical Evidence," Working Papers 2018-085, Human Capital and Economic Opportunity Working Group.
    16. Greg Kaplan & Sam Schulhofer-Wohl, 2018. "The Changing (Dis-)utility of Work," Journal of Economic Perspectives, American Economic Association, vol. 32(3), pages 239-258, Summer.
    17. Egor Malkov, 2021. "Welfare Effects of the Labor Income Tax Changes on Married Couples: A Sufficient Statistics Approach," Working Papers 590, ECINEQ, Society for the Study of Economic Inequality.

  14. Fatih Guvenen & Greg Kaplan & Jae Song & Justin Weidner, 2017. "Lifetime Incomes in the United States over Six Decades," NBER Working Papers 23371, National Bureau of Economic Research, Inc.

    Cited by:

    1. Paz-Pardo, Gonzalo, 2021. "Homeownership and portfolio choice over the generations," Working Paper Series 2522, European Central Bank.
    2. Haan, Peter & Kemptner, Daniel & Lüthen, Holger, 2020. "The rising longevity gap by lifetime earnings – Distributional implications for the pension system," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    3. Anne Case & Angus Deaton, 2017. "Mortality and Morbidity in the 21st Century," Working Papers 2017-spring, Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies..
    4. De Nardi, Mariacristina & Borella, Margherita & Yang, Fang, 2019. "The lost ones: the opportunities and outcomes of non-college educated Americans born in the 1960s," CEPR Discussion Papers 13582, Centre for Economic Policy Research.
    5. Zachary Parolin & Tom VanHeuvelen, 2023. "The Cumulative Advantage of a Unionized Career for Lifetime Earnings," ILR Review, Cornell University, ILR School, vol. 76(2), pages 434-460, March.
    6. Richard Blundell & Robert Joyce & Agnes Norris Keiller & James P. Ziliak, 2017. "Income inequality and the labour market in Britain and the US," IFS Working Papers W17/25, Institute for Fiscal Studies.
    7. Ashworth, Jared & Ransom, Tyler, 2019. "Has the college wage premium continued to rise? Evidence from multiple U.S. surveys," Economics of Education Review, Elsevier, vol. 69(C), pages 149-154.
    8. Eeckhout, Jan & De loecker, Jan, 2017. "The Rise of Market Power and the Macroeconomic Implications," CEPR Discussion Papers 12221, Centre for Economic Policy Research.
    9. David Comerford & José V. Rodríguez Mora & Michael J. Watts, 2022. "Meritocracy and the inheritance of advantage," Journal of Economic Growth, Springer, vol. 27(2), pages 235-272, June.
    10. Adler, Matthew & Ferranna, Maddalena & Hammitt, James K. & Treich, Nicolas, 2019. "Fair Innings? The Utilitarian and Prioritarian Value of Risk Reduction over a Whole Lifetime," TSE Working Papers 19-1054, Toulouse School of Economics (TSE).
    11. Benoit Dostie & Genevieve Dufour & Raquel Fonseca & Étienne Lalé, 2020. "Évolution séculaire du profil des salaires en fonction de l’âge : Québec, Canada et États-Unis," CIRANO Project Reports 2020rp-21, CIRANO.
    12. Elin Halvorsen & Serdar Ozkan & Sergio Salgado, 2021. "Earnings Dynamics and Its Intergenerational Transmission: Evidence from Norway," Working Papers 2021-015, Federal Reserve Bank of St. Louis, revised 07 Jul 2022.
    13. Klaus Prettner & Andreas Schaefer, 2021. "The U‐Shape of Income Inequality over the 20th Century: The Role of Education," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(2), pages 645-675, April.
    14. Gallipoli, Giovanni & Abbott, Brant, 2019. "Permanent-Income Inequality," CEPR Discussion Papers 13540, Centre for Economic Policy Research.
    15. Puggioni Daniela & Calderón Mariana & Cebreros Alfonso & Fernández León & Inguanzo José A. & Jaume David, 2022. "Inequality, Income Dynamics, and Transitions of Mexican Workers," Working Papers 2022-14, Banco de México.
    16. Storesletten, Kjetil & Heathcote, Jonathan & Violante, Giovanni, 2020. "How Should Tax Progressivity Respond to Rising Income Inequality," CEPR Discussion Papers 15394, Centre for Economic Policy Research.
    17. Fatih Karahan & Serdar Ozkan & Jae Song, 2019. "Anatomy of Lifetime Earnings Inequality: Heterogeneity in Job Ladder Risk vs. Human Capital," Staff Reports 908, Federal Reserve Bank of New York.
    18. Seckler, Matthias, 2019. "Increasing inequality in lifetime earnings: A tale of educational upgrading and changing employment patterns," University of Tübingen Working Papers in Business and Economics 119, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    19. Andreas Schaefer & Klaus Prettner, 2018. "Higher education and the fall and rise of inequality," Department of Economics Working Papers 76/18, University of Bath, Department of Economics.
    20. Drechsel-Grau, Moritz & Greimel, Fabian, 2018. "Falling Behind: Has Rising Inequality Fueled the American Debt Boom?," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181585, Verein für Socialpolitik / German Economic Association.
    21. Peter Haan & Daniel Kemptner & Victoria Prowse & Maximilian Schaller, 2025. "Insurance, redistribution, and the inequality of lifetime income," Quantitative Economics, Econometric Society, vol. 16(2), pages 565-613, May.
    22. Rasmus Lentz & Suphanit Piyapromdee & Jean-Marc Robin, 2018. "On Worker and Firm Heterogeneity in Wages and Employment Mobility: Evidence from Danish Register Data," PIER Discussion Papers 91, Puey Ungphakorn Institute for Economic Research.
    23. Atif R. Mian & Ludwig Straub & Amir Sufi, 2020. "The Saving Glut of the Rich," NBER Working Papers 26941, National Bureau of Economic Research, Inc.
    24. Arellano-Bover, Jaime, 2020. "Career Consequences of Firm Heterogeneity for Young Workers: First Job and Firm Size," IZA Discussion Papers 12969, IZA Network @ LISER.
    25. Garber, Gabriel & Mian, Atif & Ponticelli, Jacopo & Sufi, Amir, 2024. "Consumption smoothing or consumption binging? The effects of government-led consumer credit expansion in Brazil," Journal of Financial Economics, Elsevier, vol. 156(C).
    26. Brendler, Pavel, 2023. "Rising earnings inequality and optimal income tax and social security policies," Journal of Monetary Economics, Elsevier, vol. 134(C), pages 35-52.
    27. Glaubitz, Rick & Harnack-Eber, Astrid & Wetter, Miriam, 2022. "The gender gap in lifetime earnings: The role of parenthood," Discussion Papers 2022/3, Free University Berlin, School of Business & Economics.
    28. Laura Feiveson & Nils M. Gornemann & Julie L. Hotchkiss & Karel Mertens & Jae W. Sim, 2020. "Distributional Considerations for Monetary Policy Strategy," Finance and Economics Discussion Series 2020-073, Board of Governors of the Federal Reserve System (U.S.).
    29. Atif Mian & Ludwig Straub & Amir Sufi, 2020. "The Saving Glut of the Rich and the Rise in Household Debt," CESifo Working Paper Series 8201, CESifo.
    30. Richiardi, Matteo & He, Zhechun, 2020. "Measuring economic insecurity: a simulation approach," Centre for Microsimulation and Policy Analysis Working Paper Series CEMPA2/20, Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research.
    31. Moshe Justman & Hadas Stiassnie, 2020. "Intergenerational mobility in lifetime income," Working Papers 522, ECINEQ, Society for the Study of Economic Inequality.
    32. Daniela Puggioni & Mariana Calderón & Alfonso Cebreros Zurita & León Fernández Bujanda & José Antonio Inguanzo González & David Jaume, 2022. "Inequality, income dynamics, and worker transitions: The case of Mexico," Quantitative Economics, Econometric Society, vol. 13(4), pages 1669-1705, November.
    33. Brant Abbott & Giovanni Gallipoli, 2018. "Human Capital Inequality: Empirical Evidence," Working Papers 2018-085, Human Capital and Economic Opportunity Working Group.
    34. David Comerford & Jose V Rodriguez Mora & Michael J Watts, 2017. "The rise of meritocracy and the inheritance of advantage," Working Papers 1716, University of Strathclyde Business School, Department of Economics.
    35. Rick Glaubitz & Astrid Harnack-Eber & Miriam Wetter, 2022. "The Gender Gap in Lifetime Earnings: The Role of Parenthood," Discussion Papers of DIW Berlin 2001, DIW Berlin, German Institute for Economic Research.
    36. Sevim Kösem, 2021. "Income inequality, mortgage debt and house prices," Bank of England working papers 921, Bank of England.
    37. Margherita Borella & Fang Yang & Mariacristina De Nardi, 2019. "The changing opportunities and outcomes of non-college educated Americans," 2019 Meeting Papers 206, Society for Economic Dynamics.
    38. Mikkel Høst Gandil, 2023. "Rank-correlations are not robust to differences in group inequality," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 21(1), pages 201-217, March.
    39. Laura A. Harvey & James Rockey, 2022. "The declining fortunes of (most) American workers," Discussion Papers 22-07, Department of Economics, University of Birmingham.
    40. Hope Bodenschatz & Gerald Eric Daniels Jr. & Jeffrey P. Thompson, 2023. "Decomposing Lifetime-Earnings Differences between White, Black, and Hispanic Families," Working Papers 23-14, Federal Reserve Bank of Boston.
    41. Matthias Seckler, 2022. "Increasing Inequality in Long‐Term Earnings: A Tale of Educational Upgrading and Changing Employment Patterns," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(3), pages 617-652, September.
    42. Corneo, Giacomo, 2020. "Progressive Sovereign Wealth Funds," CEPR Discussion Papers 14746, Centre for Economic Policy Research.
    43. Moshe Justman & Hadas Stiassnie, 2021. "Inequality in Lifetime Earnings, 1986-2012," Working Papers 579, ECINEQ, Society for the Study of Economic Inequality.
    44. Carr, Michael D. & Wiemers, Emily E., 2022. "The decline in long-term earnings mobility in the U.S.: Evidence from survey-linked administrative data," Labour Economics, Elsevier, vol. 78(C).

  15. Fatih Guvenen & Raymond J. Mataloni, Jr. & Dylan G. Rassier & Kim J. Ruhl, 2017. "Offshore Profit Shifting and Aggregate Measurement: Balance of Payments, Foreign Investment, Productivity, and the Labor Share," NBER Working Papers 23324, National Bureau of Economic Research, Inc.

    Cited by:

    1. Bilicka, Katarzyna & Scur, Daniela, 2024. "Organizational capacity and profit shifting," Journal of Public Economics, Elsevier, vol. 238(C).
    2. Hayato Kato & Hirofumi Okoshi, 2021. "Economic Integration and Agglomeration of Multinational Production with Transfer Pricing," Discussion Papers in Economics and Business 20-19, Osaka University, Graduate School of Economics.
    3. Haufler, Andreas & Kato, Hayato, 2025. "A global minimum tax for large firms only: Implications for tax competition," MPRA Paper 127558, University Library of Munich, Germany.
    4. Jose Caraballo-Cueto, 2026. "Can colonial tax havens stimulate economic growth?," International Journal of Economic Policy Studies, Springer, vol. 20(1), pages 127-144, February.
    5. Wen Chen & Bart Los & Marcel P. Timmer, 2017. "Factor Incomes in Global Value Chains: The Role of Intangibles," NBER Chapters, in: Measuring and Accounting for Innovation in the Twenty-First Century, pages 373-401, National Bureau of Economic Research, Inc.
    6. Jeffrey H. Bergstrand & Jordi Paniagua, 2024. "Do Deep Trade Agreements’ Provisions Actually Increase – or Decrease – Trade and/or FDI?," CESifo Working Paper Series 11526, CESifo.
    7. Blouin, Jennifer & Robinson, Leslie, 2025. "Accounting for the profits of multinational enterprises: Double counting and misattribution of foreign affiliate income," Journal of Public Economics, Elsevier, vol. 252(C).
    8. Joana Garcia, 2024. "Multinationals and Services Imports from Havens: When Policies Stand in the Way of Tax Planning," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(4), pages 1411-1448, December.
    9. Ian Goldin & Pantelis Koutroumpis & François Lafond & Julian Winkler, 2024. "Why Is Productivity Slowing Down?," Journal of Economic Literature, American Economic Association, vol. 62(1), pages 196-268, March.
    10. Jean-Charles Bricongne & Samuel Delpeuch & Margarita Lopez Forero, 2021. "Regional Productivity Slowdown, Tax Havens and MNEs Intangibles: where is Measured Value Creation?," Working papers 835, Banque de France.
    11. Jean-Charles Bricongne & Samuel Delpeuch & Margarita Lopez-Forero, 2023. "Productivity slowdown and tax havens: Where is measured value creation?," Post-Print hal-04171843, HAL.
    12. John Fitzgerald, 2018. "National Accounts for a Global Economy: the Case of Ireland," Trinity Economics Papers tep0418, Trinity College Dublin, Department of Economics, revised May 2018.
    13. Eric Bond & Thomas A. Gresik, 2018. "Unilateral Tax Reform: Border Adjusted Taxes, Cash Flow Taxes, and Transfer Pricing," CESifo Working Paper Series 7320, CESifo.
    14. Virginia Di Nino & Anna Ekstam, 2020. "What value added in the trade balances of euro area financial centres?," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Bridging measurement challenges and analytical needs of external statistics: evolution or revolution?, volume 52, Bank for International Settlements.
    15. Franziska Hünnekes & Maximilian Konradt & Moritz Schularick & Christoph Trebesch & Julian Wingenbach, 2025. "Exportweltmeister: Germany’s Foreign Investment Returns in International Comparison," Post-Print hal-05448425, HAL.
    16. Mariana Colacelli & Deepali Gautam & Cyril Rebillard, 2021. "Japan’s Foreign Assets and Liabilities: Implications for the External Accounts," IMF Working Papers 2021/026, International Monetary Fund.
    17. Katarzyna Bilicka & Evgeniya Dubinina & Petr Janský, 2023. "Fiscal Consequences of Corporate Tax Avoidance," Working Papers 018, EU Tax Observatory.
    18. Ana M. Aizcorbe & David M. Byrne & Daniel E. Sichel, 2019. "Getting Smart About Phones : New Price Indexes and the Allocation of Spending Between Devices and Services Plans in Personal Consumption Expenditures," Finance and Economics Discussion Series 2019-012, Board of Governors of the Federal Reserve System (U.S.).
    19. Brun Lidia & Speitmann Raffael & Stasio Andrzej Leszek & Stoehlker Daniel, 2025. "The Corporate Income Tax Gap," JRC Working Papers on Taxation & Structural Reforms 2025-07, Joint Research Centre.
    20. Santacreu, Ana Maria, 2024. "Comment on: “Optimal Taxation of Multinational Enterprises: A Ramsey Approach”, by Sebastian Dyrda, Guangbin Hong, and Joseph B. Steinberg," Journal of Monetary Economics, Elsevier, vol. 141(C), pages 98-100.
    21. Klein, Daniel & Ludwig, Christopher & Nicolay, Katharina, 2021. "Internal Digitalization and Tax-efficient Decision Making," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242365, Verein für Socialpolitik / German Economic Association.
    22. Faber, Benjamin & Fally, Thibault, 2017. "Firm Heterogeneity in Consumption Baskets: Evidence from Home and Store Scanner Data," Department of Economics, Working Paper Series qt7z60j648, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    23. Muhan Wang & Kezhong Zhang & Sihan Gao, 2024. "Does Information Exchange Affect Cross‐border Tax Avoidance? Evidence from the Common Reporting Standard," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 32(4), pages 179-228, July.
    24. Eulaiwi, Baban & Alghamdi, Fatmah Saeed & Al-Hadi, Ahmed & Duong, Lien & Taylor, Grantley, 2024. "U.S. multinational corporations' income shifting incentives and share repurchases: Evidence across differential taxation systems," Global Finance Journal, Elsevier, vol. 60(C).
    25. Olbert, Marcel & Spengel, Christoph & Weck, Stefan, 2023. "Multinational firms in tax havens: Corporate motives, regulatory countermeasures, and recent statistics," ZEW Discussion Papers 23-036, ZEW - Leibniz Centre for European Economic Research.
    26. Jennifer Bruner & Dylan G. Rassier & Kim J. Ruhl, 2018. "Multinational Profit Shifting and Measures throughout Economic Accounts," NBER Chapters, in: Challenges of Globalization in the Measurement of National Accounts, pages 153-205, National Bureau of Economic Research, Inc.
    27. Gustavo Adler & Mr. Daniel Garcia-Macia & Signe Krogstrup, 2019. "The Measurement of External Accounts," IMF Working Papers 2019/132, International Monetary Fund.
    28. Jesse LaBelle & Ana Maria Santacreu, 2022. "Profit Shifting Through Intellectual Property," Economic Synopses, Federal Reserve Bank of St. Louis, issue 22, pages 1-2, July.
    29. Feng, Ya & Wen, Junqi, 2023. "Foreign direct investment and employee income share: Firm-level evidence," Finance Research Letters, Elsevier, vol. 55(PA).
    30. Yu, Fan & Zheng, Shilin & Zheng, Shuhong & Guo, Chenhao, 2024. "Does carbon ETS affect the distribution of labor's slice of the factor income pie? From the low carbon transition perspective," Energy Economics, Elsevier, vol. 134(C).
    31. Marcel P Timmer & Sébastien Miroudot & Gaaitzen J de Vries, 2019. "Functional specialisation in trade," Journal of Economic Geography, Oxford University Press, vol. 19(1), pages 1-30.
    32. Lisa De Simone & Marcel Olbert, 2026. "How do multinational companies respond to destination-based consumption taxes?," Review of Accounting Studies, Springer, vol. 31(1), pages 413-452, March.
    33. Langenmayr, Dominika & Liu, Li, 2020. "Where Does Multinational Profit Go with Territorial Taxation? Evidence from the UK," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224516, Verein für Socialpolitik / German Economic Association.
    34. Garcia-Bernardo, Javier & Janský, Petr, 2024. "Profit shifting of multinational corporations worldwide," World Development, Elsevier, vol. 177(C).
    35. Quadrini, Vincenzo & Ríos-Rull, José-Víctor, 2024. "International tax competition with rising intangible capital and financial globalization," Journal of Monetary Economics, Elsevier, vol. 141(C), pages 101-120.
    36. Gordon, Robert J., 2018. "Declining American economic growth despite ongoing innovation," Explorations in Economic History, Elsevier, vol. 69(C), pages 1-12.
    37. Robert J. Barro & Jason Furman, 2018. "Macroeconomic Effects of the 2017 Tax Reform," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 49(1 (Spring), pages 257-345.
    38. van der Geest, Jesse, 2024. "Economic effects of tax avoidance and compliance," Other publications TiSEM aaca33bf-975d-4e21-9b5f-5, Tilburg University, School of Economics and Management.
    39. Sandström, Maria, 2020. "Intangible Capital, Markups and Pro fits," Working Paper Series 2020:4, Uppsala University, Department of Economics.
    40. Navodhya Samarakoon & Paul R. Organ, 2026. "Doubling down on tax avoidance: the effect of Double Irish closure on the profit shifting of U.S. multinational companies," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 33(1), pages 113-155, February.
    41. Meyer, Timothy, 2025. "Asset price changes, external wealth and global welfare," Journal of International Economics, Elsevier, vol. 157(C).
    42. Katarzyna Bilicka & Michael Devereux & İrem Güçeri & Katarzyna Anna Bilicka & Michael P. Devereux & Irem Guceri, 2024. "Tax Policy, Investment and Profit Shifting," CESifo Working Paper Series 11458, CESifo.
    43. Robert J. Gordon, 2018. "Why Has Economic Growth Slowed When Innovation Appears to be Accelerating?," NBER Working Papers 24554, National Bureau of Economic Research, Inc.
    44. Delis, Fotis & Delis, Manthos D. & Laeven, Luc & Ongena, Steven, 2025. "Global evidence on profit shifting within firms and across time," Journal of Accounting and Economics, Elsevier, vol. 79(2).
    45. Margarita Lopez Forero & Benjamin Michallet, 2024. "Employment Effects of a Weakening in European Anti-Tax Avoidance Rules: evidence from France," Working Papers 021, EU Tax Observatory.
    46. Erik Brynjolfsson & Daniel Rock & Chad Syverson, 2017. "Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics," NBER Working Papers 24001, National Bureau of Economic Research, Inc.
    47. Gian Maria Milesi-Ferretti, 2024. "Many Creditors, One Large Debtor: Understanding the Buildup of Global Stock Imbalances After the Global Financial Crisis," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(2), pages 509-553, June.
    48. Sónia Cabral & Joana Garcia & Raquel Miranda & Susana Peralta & João Pereira dos Santos, 2025. "Treasure Islands, Real Jobs? Workers and Anti-Avoidance Policies in a Tax Paradise," Working Papers 026, EU Tax Observatory.
    49. Hayato Kato & Hirofumi Okoshi, 2019. "Production location of multinational firms under transfer pricing: the impact of the arm’s length principle," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 26(4), pages 835-871, August.
    50. Katarzyna Bilicka & Michael Devereux & Irem Güçeri, 2022. "Tax Avoidance Networks and the Push for a "Historic" Global Tax Reform," NBER Chapters, in: Tax Policy and the Economy, Volume 37, pages 57-108, National Bureau of Economic Research, Inc.
    51. Adam Hal Spencer, 2020. "Policy effects of international taxation on firm dynamics and capital structure," Discussion Papers 2020-25, University of Nottingham, GEP.
    52. Patrick Kline, 2025. "Labor Market Monopsony: Fundamentals and Frontiers," RFBerlin Discussion Paper Series 2536, ROCKWOOL Foundation Berlin (RFBerlin).
    53. Saad Ahmad & Jeffrey Bergstrand & Jordi Paniagua & Heather Wickramarachi, 2026. "Phantom FDI: A Structural Gravity Analysis Using MREID," Working Papers 2607, Department of Applied Economics II, Universidad de Valencia.
    54. Alexander Murray, 2017. "What Explains the Post-2004 U.S.Productivity Slowdown?," CSLS Research Reports 2017-05, Centre for the Study of Living Standards.
    55. Konstantin M. Wacker & Bruno Casella & Maria Borga, 2025. "Measuring multinational production with foreign direct investment statistics: A survey of challenges and recent developments," Journal of Economic Surveys, Wiley Blackwell, vol. 39(4), pages 1462-1487, September.
    56. Perri, Fabrizio, 2024. "Comment on: “International tax competition with rising intangible capital and financial globalization” by Vincenzo Quadrini and José-Victor Ríos-Rull," Journal of Monetary Economics, Elsevier, vol. 141(C), pages 121-126.
    57. Dylan G. Rassier, 2017. "Intangible assets and transactions within multinational enterprises: implications for national economic accounts," WIPO Economic Research Working Papers 38, World Intellectual Property Organization - Economics and Statistics Division.
    58. Dyrda, Sebastian & Hong, Guangbin & Steinberg, Joseph B., 2024. "A macroeconomic perspective on taxing multinational enterprises," Journal of International Economics, Elsevier, vol. 152(C).
    59. Dobranschi, Marian & Nerudová, Danuše & Solilová, Veronika & Litzman, Marek, 2023. "An alternative measure of profit shifting and corporate income tax losses," Journal of Multinational Financial Management, Elsevier, vol. 70.
    60. Saad Ahmad & Jeffrey Bergstrand & Jordi Paniagua & Heather Wickramarachi, 2025. "The Multinational Revenue, Employment, and Investment Database (MREID)," Working Papers 2504, Department of Applied Economics II, Universidad de Valencia.
    61. Gordon, Robert J., 2018. "Why Has Economic Growth Slowed When Innovation Appears To Be Accelerating?," CEPR Discussion Papers 13039, Centre for Economic Policy Research.
    62. Jean-Charles Bricongne & Samuel Delpeuch & Margarita Lopez Forero, 2021. "Productivity Slowdown, Tax Havens and MNEs’ Intangibles: where is measured value creation?," Documents de recherche 21-01, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    63. Martin Neil Baily, 2023. "Lessons from a Career in Productivity Research: Some Answers, A Glimpse of the Future, and Much Left to Learn," International Productivity Monitor, Centre for the Study of Living Standards, vol. 44, pages 120-149, Fall.
    64. Economides, Philip & Nikolaishvili, Giorgi, 2023. "Measuring economic activity in the presence of superstar MNEs," Economics Letters, Elsevier, vol. 226(C).

  16. Fatih Guvenen & Sam Schulhofer-Wohl & Motohiro Yogo, 2017. "Worker Betas: Five Facts About Systematic Earnings Risk," Working Paper Series WP-2017-4, Federal Reserve Bank of Chicago.

    Cited by:

    1. Jose Garcia-Louzao & Linas Tarasonis, 2025. "Earnings Inequality and Risk over Two Decades of Economic Development in Lithuania," CESifo Working Paper Series 11680, CESifo.
    2. Bardóczy, Bence & Savoia, Ettore & Vel´asquez-Giraldo, Mateo, 2026. "HANK Comes of Age: Monetary Policy with Heterogeneous Overlapping Generations," Working Paper Series 461, Sveriges Riksbank (Central Bank of Sweden).
    3. Broer, Tobias & Kramer, John & Mitman, Kurt, 2025. "The Distributional Effects of Oil Shocks," IZA Discussion Papers 17949, IZA Network @ LISER.
    4. Niklas Amberg & Thomas Jansson & Mathias Klein & Anna Rogantini Picco, 2022. "Five Facts about the Distributional Income Effects of Monetary Policy Shocks," American Economic Review: Insights, American Economic Association, vol. 4(3), pages 289-304, September.
    5. Christopher Roth & Johannes Wohlfart, 2020. "How Do Expectations about the Macroeconomy Affect Personal Expectations and Behavior?," The Review of Economics and Statistics, MIT Press, vol. 102(4), pages 731-748, October.
    6. Brand, Claus & Obstbaum, Meri & Coenen, Günter & Sondermann, David & Lydon, Reamonn & Ajevskis, Viktors & Hammermann, Felix & Angino, Siria & Hernborg, Nils & Basso, Henrique & Hertweck, Matthias & Bi, 2021. "Employment and the conduct of monetary policy in the euro area," Occasional Paper Series 275, European Central Bank.
    7. Michele Lenza & Jiri Slacalek, 2024. "How does monetary policy affect income and wealth inequality? Evidence from quantitative easing in the euro area," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(5), pages 746-765, August.
    8. Alisdair McKay & Christian K. Wolf, 2023. "Monetary Policy and Inequality," Journal of Economic Perspectives, American Economic Association, vol. 37(1), pages 121-144, Winter.
    9. Alexander Adamou & Yonatan Berman & Ole Peters, 2020. "The Two Growth Rates of the Economy," Papers 2009.10451, arXiv.org.
    10. Brausewetter, Lars & Ludolph, Melina & Tonzer, Lena, 2023. "Distributional income effects of banking regulation in Europe," IWH Discussion Papers 24/2023, Halle Institute for Economic Research (IWH).
    11. Matthijs Breugem & Stefano Colonello & Roberto Marfè & Francesca Zucchi, 2020. "Dynamic Equity Slope," Working Papers 2020:21, Department of Economics, University of Venice "Ca' Foscari".
    12. Herman, Uroš & Lozej, Matija, 2023. "Who gets jobs matters: monetary policy and the labour market in HANK and SAM," Working Paper Series 2850, European Central Bank.
    13. Merkl, Christian & Stüber, Heiko, 2023. "Wage and Employment Cyclicalities at the Establishment Level," GLO Discussion Paper Series 1344, Global Labor Organization (GLO).
    14. Felipe Alves & Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2020. "A Further Look at the Propagation of Monetary Policy Shocks in HANK," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(S2), pages 521-559, December.
    15. Brian Bell & Nicholas Bloom & Jack Blundell, 2021. "This time is not so different: income dynamics during the Covid-19 recession," CEP Discussion Papers dp1792, Centre for Economic Performance, LSE.
    16. Brian Bell & Nicholas Bloom & Jack Blundell, 2022. "Income dynamics in the United Kingdom and the impact of the Covid‐19 recession," Quantitative Economics, Econometric Society, vol. 13(4), pages 1849-1878, November.
    17. Gomes, Sandra & Jacquinot, Pascal & Lozej, Matija, 2023. "A single monetary policy for heterogeneous labour markets: the case of the euro area," Working Paper Series 2769, European Central Bank.
    18. Gerke, Rafael & Giesen, Sebastian & Lozej, Matija & Röttger, Joost, 2024. "On household labour supply in sticky-wage HANK models," Discussion Papers 01/2024, Deutsche Bundesbank.
    19. Jorge Eduardo Camusso & Ana Inés Navarro, 2020. "COVID-19, recession and fall in real wages in Argentina. Who will be most affected?," Asociación Argentina de Economía Política: Working Papers 4323, Asociación Argentina de Economía Política.
    20. Eunseong Ma, 2023. "Monetary Policy And Inequality: How Does One Affect The Other?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(2), pages 691-725, May.
    21. Jeppe Druedahl & Søren Hove Ravn & Laura Sunder-Plassmann & Jacob Sundram & Nicolai Waldstrøm, 2025. "Fiscal Multipliers in Small Open Economies with Heterogeneous Households," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 73(3), pages 654-707, September.
    22. Slacalek, Jiri & Tristani, Oreste & Violante, Giovanni L., 2020. "Household balance sheet channels of monetary policy: A back of the envelope calculation for the euro area," Journal of Economic Dynamics and Control, Elsevier, vol. 115(C).
    23. Arpit Gupta & Anup Malani & Bartosz Woda, 2021. "Inequality in India Declined During COVID," NBER Working Papers 29597, National Bureau of Economic Research, Inc.
    24. Amberg, Niklas & Jansson, Thomas & Klein, Mathias & Rogantini Picco, Anna, 2021. "Five Facts about the Distributional Income Effects of Monetary Policy," Working Paper Series 403, Sveriges Riksbank (Central Bank of Sweden).
    25. d'Astous, Philippe & Shore, Stephen H., 2024. "Human capital risk and portfolio choices: Evidence from university admission discontinuities," Journal of Financial Economics, Elsevier, vol. 154(C).
    26. Fleck, Johannes & Monninger, Adrian, 2020. "Culture and portfolios: trust, precautionary savings and home ownership," Working Paper Series 2457, European Central Bank.
    27. Paul Hubert & Frédérique Savignac, 2023. "Monetary Policy and Labor Income Inequality: the Role of Extensive and Intensive Margins," Working papers 913, Banque de France.
    28. Tomas Key & Jamie Lenney, 2024. "The impact of aggregate fluctuations across the UK income distribution," Bank of England working papers 1083, Bank of England.
    29. Jaanika Meriküll & Matthias Rottner, 2025. "Monetary policy and earnings inequality: inflation dependencies," BIS Working Papers 1271, Bank for International Settlements.
    30. Laudenbach, Christine & Loos, Benjamin & Pirschel, Jenny & Wohlfart, Johannes, 2020. "The trading response of individual investors to local bankruptcies," SAFE Working Paper Series 272, Leibniz Institute for Financial Research SAFE.
    31. Zheng Gong, 2025. "When Does Household Heterogeneity Matter for Aggregate Fluctuations?," CRC TR 224 Discussion Paper Series crctr224_2025_624v2, University of Bonn and University of Mannheim, Germany, revised Sep 2025.
    32. Tobin Hanspal & Annika Weber & Johannes Wohlfart, 2020. "Exposure to the Covid-19 Stock Market Crash and its Effect on Household Expectations," CESifo Working Paper Series 8244, CESifo.
    33. Broer, Tobias & Kramer, John & Mitman, Kurt, 2022. "The Curious Incidence of Monetary Policy Across the Income Distribution," Working Paper Series 416, Sveriges Riksbank (Central Bank of Sweden).
    34. Christine Laudenbach & Benjamin Loos & Jenny Pirschel & Johannes Wohlfart, 2020. "The Trading Response of Individual Investors to Local Bankruptcies," CESifo Working Paper Series 8191, CESifo.
    35. Bilbiie, F. & Primiceri, G. E. & Tambalotti, A., 2022. "Inequality and Business Cycles," Cambridge Working Papers in Economics 2275, Faculty of Economics, University of Cambridge.
    36. Isaac Hacamo & Kristoph Kleiner, 2022. "Forced Entrepreneurs," Journal of Finance, American Finance Association, vol. 77(1), pages 49-83, February.
    37. Gizem Kosar & Wilbert van der Klaauw, 2023. "Workers’ Perceptions of Earnings Growth and Employment Risk," CESifo Working Paper Series 10300, CESifo.
    38. Laura Blattner & Scott Nelson, 2021. "How Costly is Noise? Data and Disparities in Consumer Credit," Papers 2105.07554, arXiv.org.
    39. Bence Bardóczy, 2024. "HANK Comes of Age: Monetary Policy with Heterogeneous Overlapping Generations," Finance and Economics Discussion Series 2024-052r1, Board of Governors of the Federal Reserve System (U.S.), revised 19 Dec 2025.
    40. Bilbiie, F. O. & Galaasen, S. M. & Gurkaynak, R. S. & Maehlum, M. & Molnar, K, 2025. "Hanksson," Cambridge Working Papers in Economics 2516, Faculty of Economics, University of Cambridge.
      • Bilbiie, Florin & Galaasen, Sigurd & Gürkaynak, Refet & Maehlum, Mathis & Molnar, Krisztina, 2025. "Hanksson," CEPR Discussion Papers 20090, Centre for Economic Policy Research.
    41. Fabio C. Bagliano & Raffaele Corvino & Carolina Fugazza & Giovanna Nicodano, 2018. "Hedging Labor Income Risk over the Life-Cycle," Working papers 058, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
    42. Tomas Key & Jamie Lenney, 2024. "The Impact of Aggregate Fluctuations Across the UK Income Distribution," Discussion Papers 2430, Centre for Macroeconomics (CFM).
    43. Gary Koop & Stuart McIntyre & James Mitchell & Ping Wu, 2026. "Incorporating Micro Data into Macro Models Using Pseudo VARs," Working Papers 26-04, Federal Reserve Bank of Cleveland.
    44. Brown, Jessica H. & Herbst, Chris M., 2021. "Child Care over the Business Cycle," IZA Discussion Papers 14048, IZA Network @ LISER.
    45. Martin Ravallion, 2022. "Macroeconomic Covariates of Real Household Incomes in America," Working Papers gueconwpa~22-22-04, Georgetown University, Department of Economics.
    46. Scanlon, Paul, 2020. "Aggregate risk and wage dispersion," Economics Letters, Elsevier, vol. 194(C).
    47. d’Astous, Philippe & Shore, Stephen H., 2024. "Programs of study and earnings dynamics," Labour Economics, Elsevier, vol. 88(C).
    48. Adrien Auclert & Matthew Rognlie, 2018. "Inequality and Aggregate Demand," NBER Working Papers 24280, National Bureau of Economic Research, Inc.
    49. Laudenbach, Christine & Loos, Benjamin & Pirschel, Jenny & Wohlfart, Johannes, 2021. "The trading response of individual investors to local bankruptcies," Journal of Financial Economics, Elsevier, vol. 142(2), pages 928-953.

  17. Fatih Guvenen & Raymond J. Mataloni Jr. & Dylan G. Rassier & Kim J. Ruhl, 2017. "Offshore Profit Shifting and Domestic Productivity Measurement," BEA Working Papers 0139, Bureau of Economic Analysis.

    Cited by:

    1. Laura Alfaro & Ester Faia & Ruth A. Judson & Tim Schmidt-Eisenlohr, 2020. "Elusive Safety: The New Geography of Capital Flows and Risk," NBER Working Papers 27048, National Bureau of Economic Research, Inc.
    2. Hayato Kato & Hirofumi Okoshi, 2021. "Economic Integration and Agglomeration of Multinational Production with Transfer Pricing," Discussion Papers in Economics and Business 20-19, Osaka University, Graduate School of Economics.
    3. Sarah Guillou & Caroline Mini & Philippe Varin, 2019. "À la recherche de l’immatériel : comprendre l’investissement de l’industrie française," Sciences Po Economics Publications (main) hal-03232264, HAL.
    4. Wen Chen & Bart Los & Marcel P. Timmer, 2017. "Factor Incomes in Global Value Chains: The Role of Intangibles," NBER Chapters, in: Measuring and Accounting for Innovation in the Twenty-First Century, pages 373-401, National Bureau of Economic Research, Inc.
    5. Thomas A., Gresik & Schjelderup, Guttorm, 2022. "Tax induced transfer pricing under universal adoption of the destination-based cash-flow tax," Discussion Papers 2022/8, Norwegian School of Economics, Department of Business and Management Science.
    6. Goldin, Ian & Koutroumpis, Pantelis & Lafond, François & Winkler, Julian, 2020. "Why is productivity slowing down?," MPRA Paper 99172, University Library of Munich, Germany.
    7. Alan J. Auerbach, 2017. "Demystifying the Destination-Based Cash-Flow Tax," NBER Working Papers 23881, National Bureau of Economic Research, Inc.
    8. Jean-Charles Bricongne & Samuel Delpeuch & Margarita Lopez Forero, 2021. "Regional Productivity Slowdown, Tax Havens and MNEs Intangibles: where is Measured Value Creation?," Working papers 835, Banque de France.
    9. John Fitzgerald, 2018. "National Accounts for a Global Economy: the Case of Ireland," Trinity Economics Papers tep0418, Trinity College Dublin, Department of Economics, revised May 2018.
    10. Eric Bond & Thomas A. Gresik, 2018. "Unilateral Tax Reform: Border Adjusted Taxes, Cash Flow Taxes, and Transfer Pricing," CESifo Working Paper Series 7320, CESifo.
    11. Virginia Di Nino & Anna Ekstam, 2020. "What value added in the trade balances of euro area financial centres?," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Bridging measurement challenges and analytical needs of external statistics: evolution or revolution?, volume 52, Bank for International Settlements.
    12. Omar Barbiero & Emmanuel Farhi & Gita Gopinath & Oleg Itskhoki, 2018. "The Macroeconomics of Border Taxes," NBER Chapters, in: NBER Macroeconomics Annual 2018, volume 33, pages 395-457, National Bureau of Economic Research, Inc.
    13. Chen, Peter & Karabarbounis, Loukas & Neiman, Brent, 2017. "The global rise of corporate saving," Journal of Monetary Economics, Elsevier, vol. 89(C), pages 1-19.
    14. Timo Boppart & Huiyu Li, 2021. "Productivity Slowdown: Reducing the Measure of Our Ignorance," Working Paper Series 2021-21, Federal Reserve Bank of San Francisco.
    15. Mariana Colacelli & Deepali Gautam & Cyril Rebillard, 2021. "Japan’s Foreign Assets and Liabilities: Implications for the External Accounts," IMF Working Papers 2021/026, International Monetary Fund.
    16. Ana M. Aizcorbe & David M. Byrne & Daniel E. Sichel, 2019. "Getting Smart About Phones : New Price Indexes and the Allocation of Spending Between Devices and Services Plans in Personal Consumption Expenditures," Finance and Economics Discussion Series 2019-012, Board of Governors of the Federal Reserve System (U.S.).
    17. Klein, Daniel & Ludwig, Christopher & Nicolay, Katharina, 2021. "Internal Digitalization and Tax-efficient Decision Making," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242365, Verein für Socialpolitik / German Economic Association.
    18. Faber, Benjamin & Fally, Thibault, 2017. "Firm Heterogeneity in Consumption Baskets: Evidence from Home and Store Scanner Data," Department of Economics, Working Paper Series qt7z60j648, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    19. Paientko Tetiana & Oparin Valeriy, 2020. "Reducing the Tax Burden in Ukraine: Changing Priorities," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 28(3), pages 98-126, September.
    20. O'Grady, Michael, 2024. "Multinational Enterprise Integration in the Irish Value Chain," Research Technical Papers 5/RT/24, Central Bank of Ireland.
    21. Riccardo De Bonis & Matteo Piazza, 2020. "A silent revolution: How central bank statistics have changed in the last 25 years," Questioni di Economia e Finanza (Occasional Papers) 579, Bank of Italy, Economic Research and International Relations Area.
    22. Chadwick Curtis & Julio Garin & Saif Mehkari, 2020. "Repatriation Taxes," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 293-313, April.
    23. Jennifer Bruner & Dylan G. Rassier & Kim J. Ruhl, 2018. "Multinational Profit Shifting and Measures throughout Economic Accounts," BEA Working Papers 0150, Bureau of Economic Analysis.
    24. Gustavo Adler & Mr. Daniel Garcia-Macia & Signe Krogstrup, 2019. "The Measurement of External Accounts," IMF Working Papers 2019/132, International Monetary Fund.
    25. Beck, Roland & Schmitz, Martin & Coppola, Antonio & Lewis, Angus & Maggiori, Matteo & Schreger, Jesse, 2024. "The geography of capital allocation in the euro area," Working Paper Series 3007, European Central Bank.
    26. Petr Janský & Miroslav Palanský, 2019. "Estimating the scale of profit shifting and tax revenue losses related to foreign direct investment," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 26(5), pages 1048-1103, October.
    27. Giordano Mion & Manuel Tong Koecklin, 2021. "The Impact of Offshore Profit Shifting on the Measurement of GDP: The Case of the UK," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2021-05, Economic Statistics Centre of Excellence (ESCoE).
    28. Marie-Baïanne Khder & Jérémi Montornès & Nicolas Ragache, 2020. "Irish GDP Growth in 2015: A Puzzle and Propositions for a Solution," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 517-518-5, pages 173-190.
    29. Richard Schmalensee, 2018. "Puzzles and Surprises in Employment and Productivity in U.S. Manufacturing After the Great Recession," International Productivity Monitor, Centre for the Study of Living Standards, vol. 35, pages 5-27, Fall.
    30. Marcel P Timmer & Sébastien Miroudot & Gaaitzen J de Vries, 2019. "Functional specialisation in trade," Journal of Economic Geography, Oxford University Press, vol. 19(1), pages 1-30.
    31. Sebastian Beer & Ruud de Mooij & Li Liu, 2020. "International Corporate Tax Avoidance: A Review Of The Channels, Magnitudes, And Blind Spots," Journal of Economic Surveys, Wiley Blackwell, vol. 34(3), pages 660-688, July.
    32. Langenmayr, Dominika & Liu, Li, 2020. "Where Does Multinational Profit Go with Territorial Taxation? Evidence from the UK," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224516, Verein für Socialpolitik / German Economic Association.
    33. Javier Garcia-Bernardo & Petr Janský & Thomas Tørsløv, 2021. "Multinational corporations and tax havens: evidence from country-by-country reporting," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(6), pages 1519-1561, December.
    34. Loukas Karabarbounis & Brent Neiman, 2018. "Accounting for Factorless Income," NBER Chapters, in: NBER Macroeconomics Annual 2018, volume 33, pages 167-228, National Bureau of Economic Research, Inc.
    35. Gordon, Robert J., 2018. "Declining American economic growth despite ongoing innovation," Explorations in Economic History, Elsevier, vol. 69(C), pages 1-12.
    36. Robert J. Barro & Jason Furman, 2018. "Macroeconomic Effects of the 2017 Tax Reform," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 49(1 (Spring), pages 257-345.
    37. Sandström, Maria, 2020. "Intangible Capital, Markups and Pro fits," Working Paper Series 2020:4, Uppsala University, Department of Economics.
    38. Xiaolan Fu & Pervez Ghauri, 2021. "Trade in intangibles and the global trade imbalance," The World Economy, Wiley Blackwell, vol. 44(5), pages 1448-1469, May.
    39. Robert J. Gordon, 2018. "Why Has Economic Growth Slowed When Innovation Appears to be Accelerating?," NBER Working Papers 24554, National Bureau of Economic Research, Inc.
    40. Erik Brynjolfsson & Daniel Rock & Chad Syverson, 2017. "Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics," NBER Working Papers 24001, National Bureau of Economic Research, Inc.
    41. Dorian Carloni & Daniel Fried & Molly Saunders-Scott, 2019. "The Effect of Tax-Motivated Transfer Pricing on U.S. Aggregate Trade Statistics: Working Paper 2019-05," Working Papers 55284, Congressional Budget Office.
    42. Michael D. Bordo & Robert N. McCauley, 2019. "Triffin: Dilemma or Myth?," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(4), pages 824-851, December.
    43. Hayato Kato & Hirofumi Okoshi, 2019. "Production location of multinational firms under transfer pricing: the impact of the arm’s length principle," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 26(4), pages 835-871, August.
    44. Adam Hal Spencer, 2020. "Policy effects of international taxation on firm dynamics and capital structure," Discussion Papers 2020-25, University of Nottingham, GEP.
    45. Carol Bertaut & Beau Bressler & Stephanie E Curcuru, 2019. "Globalization and the geography of capital flows," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Are post-crisis statistical initiatives completed?, volume 49, Bank for International Settlements.
    46. Hansen, Erwin & Wagner, Rodrigo, 2022. "The reinvestment by multinationals as a capital flow: Crises, imbalances, and the cash-based current account," Journal of International Money and Finance, Elsevier, vol. 124(C).
    47. Derrick Jenniges & Raymond Mataloni Jr. & Sarah Atkinson & Erin (Yiran) Xin, 2019. "Strategic Movement of Intellectual Property within US Multinational Enterprises," NBER Chapters, in: Challenges of Globalization in the Measurement of National Accounts, pages 209-234, National Bureau of Economic Research, Inc.
    48. Michał Gradzewicz, 2019. "How do savings of different sectors respond to interest rate change?," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 11(1), pages 1-22, March.
    49. Alexander Murray, 2017. "What Explains the Post-2004 U.S.Productivity Slowdown?," CSLS Research Reports 2017-05, Centre for the Study of Living Standards.
    50. Fetzer, James, 2018. "BEA Initiatives to Improve and Interpret Its Statistics on Trade in Services and Global Production," Conference papers 332932, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    51. Philip R. Lane, 2019. "Globalisation: A Macro-Financial Perspective," The Economic and Social Review, Economic and Social Studies, vol. 50(2), pages 249-263.
    52. Dylan G. Rassier, 2017. "Intangible assets and transactions within multinational enterprises: implications for national economic accounts," WIPO Economic Research Working Papers 38, World Intellectual Property Organization - Economics and Statistics Division.
    53. Matthew Smith & Danny Yagan & Owen Zidar & Eric Zwick, 2021. "The Rise of Pass-Throughs and the Decline of the Labor Share," Working Papers 2021-18, Princeton University. Economics Department..
    54. Gordon, Robert J., 2018. "Why Has Economic Growth Slowed When Innovation Appears To Be Accelerating?," CEPR Discussion Papers 13039, Centre for Economic Policy Research.
    55. Giordano Mion & Manuel Tong, 2022. "The impact of offshore profit shifting on the measurement of GDP: the case of the UK. Further analysis," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2022-09, Economic Statistics Centre of Excellence (ESCoE).
    56. Jean-Charles Bricongne & Samuel Delpeuch & Margarita Lopez Forero, 2021. "Productivity Slowdown, Tax Havens and MNEs’ Intangibles: where is measured value creation?," Documents de recherche 21-01, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.

  18. Alisdair McKay & Fatih Guvenen, 2016. "A Parsimonious Income Process for Business Cycle Analysis," 2016 Meeting Papers 1488, Society for Economic Dynamics.

    Cited by:

    1. McKay, Alisdair & Reis, Ricardo, 2016. "Optimal automatic stabilizers," LSE Research Online Documents on Economics 67049, London School of Economics and Political Science, LSE Library.

  19. Rocio Madera & Fatih Guvenen & David Domeij & Christopher Busch, 2016. "Asymmetric Business Cycle Risk and Government Policy," 2016 Meeting Papers 1567, Society for Economic Dynamics.

    Cited by:

    1. Konstantinos Angelopoulos & Spyridon Lazarakis & Jim Malley, 2017. "Asymmetries in Earnings, Employment and Wage Risk in Great Britain," CESifo Working Paper Series 6400, CESifo.
    2. Nelson Lind, 2017. "Credit Regimes and the Seeds of Crisis," 2017 Meeting Papers 1474, Society for Economic Dynamics.
    3. Eran B. Hoffmann & Mr. Davide Malacrino, 2018. "Employment Time and the Cyclicality of Earnings Growth," IMF Working Papers 2018/115, International Monetary Fund.

  20. Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2015. "What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?," Working Papers 719, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Mariacristina De Nardi & Giulio Fella, 2017. "Saving and Wealth Inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 280-300, October.
    2. Pierre Emmanuel Weil, 2018. "Redistribution from the Cradle to the Grave: A Unified Approach to Heterogeneity in Age, Income and Wealth," 2018 Papers pwe433, Job Market Papers.
    3. Iskander Karibzhanov, 2020. "Towards a HANK Model for Canada: Estimating a Canadian Income Process," Discussion Papers 2020-13, Bank of Canada.
    4. Fumitaka Nakamura, 2025. "Household Income, Portfolio Choice, and Heterogeneous Consumption Responses to Monetary Policy Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(8), pages 2131-2158, December.
    5. Champagne, Julien & Kurmann, Andre & Stewart, Jay, 2016. "Reconciling the Divergence in Aggregate U.S. Wage Series," IZA Discussion Papers 9754, IZA Network @ LISER.
    6. Dante Amengual & Jesus Bueren & Julio Crego, 2019. "Endogenous Health Groups and Heterogeneous Dynamics of the Elderly," 2019 Meeting Papers 332, Society for Economic Dynamics.
    7. Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2016. "Monetary Policy According to HANK," Working Papers 1602, Council on Economic Policies.
    8. Holger Kraft & Claus Munk & Frank Thomas Seifried & Sebastian Wagner, 2017. "Consumption habits and humps," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(2), pages 305-330, August.
    9. Ayse Imrohoroglu, 2014. "Proposition 13: An Equilibrium Analysis," 2014 Meeting Papers 1250, Society for Economic Dynamics.
    10. Peter Levell & Barra Roantree & Jonathan Shaw, 2017. "Mobility and the lifetime distributional impact of tax and transfer reforms," IFS Working Papers W17/17, Institute for Fiscal Studies.
    11. Kelly, Robert & O'Malley, Terence & O'Toole, Conor, 2015. "Designing Macro-prudential Policy in Mortgage Lending: Do First Time Buyers Default Less?," Research Technical Papers 02/RT/15, Central Bank of Ireland.
    12. Facundo Albornoz & Antonio Cabrales & Esther Hauk, 2017. "Occupational Choice with Endogenous Spillovers," Working Papers 972, Barcelona School of Economics.
    13. Mikhail Golosov & Aleh Tsyvinski, 2016. "The Research Agenda: Mikhail Golosov and Aleh Tsyvinski on New Dynamic Public Finance," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 17(2), November.
    14. Moreno, Héctor & Bourguignon, François & Dang, Hai-Anh, 2021. "On Synthetic Income Panels," GLO Discussion Paper Series 809, Global Labor Organization (GLO).
    15. Brand, Claus & Obstbaum, Meri & Coenen, Günter & Sondermann, David & Lydon, Reamonn & Ajevskis, Viktors & Hammermann, Felix & Angino, Siria & Hernborg, Nils & Basso, Henrique & Hertweck, Matthias & Bi, 2021. "Employment and the conduct of monetary policy in the euro area," Occasional Paper Series 275, European Central Bank.
    16. Kristy Fan & Tyler J. Fisher & Andrew A. Samwick, 2021. "The Insurance Value of Financial Aid," NBER Working Papers 28669, National Bureau of Economic Research, Inc.
    17. Ariel Mecikovsky & Felix Wellschmied, 2018. "Wage Risk, Employment Risk, and the Rise in Wage Inequality," 2018 Meeting Papers 52, Society for Economic Dynamics.
    18. Mariacristina De Nardi & Giulio Fella & Fang Yang, 2015. "Piketty's Book and Macro Models of Wealth Inequality," NBER Working Papers 21730, National Bureau of Economic Research, Inc.
    19. Musab Kurnaz & Terry A. Yip, 2022. "The Canadian income taxation: Statistical analysis and parametric estimates," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(1), pages 272-311, February.
    20. Soyoung Lee, 2023. "The Macroeconomic Effects of Debt Relief Policies During Recessions," Staff Working Papers 23-48, Bank of Canada.
    21. Mariacristina De Nardi & Giulio Fella & Gonzalo Paz Pardo, 2016. "The Implications of Richer Earnings Dynamics for Consumption and Wealth," NBER Working Papers 21917, National Bureau of Economic Research, Inc.
    22. Kraft, Holger & Munk, Claus & Weiss, Farina, 2019. "Predictors and portfolios over the life cycle," Journal of Banking & Finance, Elsevier, vol. 100(C), pages 1-27.
    23. Baris Kaymak & CHEUK SHING LEUNG & Markus Poschke, 2018. "Accounting for the determinants of wealth concentration in the US," 2018 Meeting Papers 911, Society for Economic Dynamics.
    24. Krapf, Matthias, 2018. "The Joint Distribution of Wealth and Income Risk: Evidence from Bern," Working papers 2018/18, Faculty of Business and Economics - University of Basel.
    25. Felipe Alves & Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2020. "A Further Look at the Propagation of Monetary Policy Shocks in HANK," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(S2), pages 521-559, December.
    26. Schoefer, Benjamin & Mui, Preston, 2019. "Reservation Raises: The Aggregate Labor Supply Curve at the Extensive Margin," CEPR Discussion Papers 14209, Centre for Economic Policy Research.
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    Cited by:

    1. Guisinger, Amy Y., 2020. "Gender differences in the volatility of work hours and labor demand," Journal of Macroeconomics, Elsevier, vol. 66(C).
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    3. Lisa Katharina Kortmann & Julia Simonson & Claudia Vogel & Oliver Huxhold, 2022. "Digitalisation and Employees’ Subjective Job Quality in the Second Half of Working Life in Germany," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 162(2), pages 577-597, July.
    4. Gonzalo Castex, 2017. "College risk and return," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 91-112, October.
    5. Tianzhi Gao & Hui Feng, 2024. "Examining the impact of job matching on workers’ non-cognitive skills: insights from China’s labor market," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-8, December.
    6. Lindsey Macmillan & Richard Murphy & Gill Wyness, 2024. "Occupational hazard: Inequalities in labour market mismatch," CEPEO Working Paper Series 24-06, UCL Centre for Education Policy and Equalising Opportunities, revised Oct 2024.
    7. Carlos Carrillo-Tudela & Fraser Summerfield & Ludo Visschers, 2025. "Workers' Task and Employer Mobility over the Business Cycle," Edinburgh School of Economics Discussion Paper Series 315, Edinburgh School of Economics, University of Edinburgh.
    8. Iakovlev, Vsevolod, 2024. "Skill vs. education types of labour mismatch and their association with earnings," Accountancy, Economics, and Finance Working Papers 2024-12, Heriot-Watt University, Department of Accountancy, Economics, and Finance.
    9. Yuanyuan Chen & Wei Fu, 2023. "Migration control policy and parent–child separation among migrant families: evidence from China," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(4), pages 2347-2388, October.
    10. Todd Stinebrickner & Ralph Stinebrickner & Paul Sullivan, 2017. "Job Tasks, Time Allocation, and Wages," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20176, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    11. Yokoyama, Izumi & Obara, Takuya & Kiyomoto, Arisa Shichijo & Kusada, Kaichi & Edamura, Kazuma & Inui, Tomohiko, 2024. "Endogenous decisions on acceptable worker-job mismatch level and the impact on workers’ performance," Japan and the World Economy, Elsevier, vol. 72(C).
    12. Meir Russ, 2017. "The Trifurcation of the Labor Markets in the Networked, Knowledge-Driven, Global Economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 672-703, June.
    13. Kevin M. Frick & Yagan Hazard & Thomas Zuber & Damien Mayaux, 2024. "How Does Vocational Training Impact Job Seekers’ Professional Transitions? (In French)," Working papers 985, Banque de France.
    14. Sun, Ting & Bian, Xuezi & Liu, Jianxu & Wang, Rui & Sriboonchitta, Songsak, 2023. "The economic and social effects of skill mismatch in China: A DSGE model with skill and firm heterogeneity," Economic Modelling, Elsevier, vol. 125(C).
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    18. Roland Rathelot & Thijs van Rens & See-Yu Chan, 2023. "Rethinking the skills gap," World of Labour, LISER, pages 3912-3912, November.
    19. vom Lehn, Christian & Ellsworth, Cache & Kroff, Zachary, 2020. "Reconciling Occupational Mobility in the Current Population Survey," IZA Discussion Papers 13509, IZA Network @ LISER.
    20. DeLoach, Stephen B. & Kurt, Mark & Sansale, Rebecca, 2022. "Non-cognitive mismatch and occupational switching," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 97(C).
    21. Obiols-Homs, F. & Sánchez-Marcos, V., 2018. "Education outcomes and the labor market," Labour Economics, Elsevier, vol. 54(C), pages 14-28.
    22. Dominika Langenmayr & David Streich, 2026. "From Coins to Cays: Using Crypto to Channel Funds Offshore," CESifo Working Paper Series 12740, CESifo.
    23. Edivaldo C. Neves Jr & Carlos R. Azzoni, Andre Chagas, 2017. "Skill wage premium and city size," Working Papers, Department of Economics 2017_19, University of São Paulo (FEA-USP).
    24. Tsegay Tekleselassie & Marc Witte & Jonas Radbruch & Lukas Hensel & Ingo E. Isphording, 2025. "Feedback, Confidence and Job Search Behavior," CRC TR 224 Discussion Paper Series crctr224_2025_668, University of Bonn and University of Mannheim, Germany.
    25. Garita, Jonathan & Pastrana, Guillermo & Slon, Pablo, 2024. "Job displacement effects and labor market sorting during COVID-19," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 5(2).
    26. Turrell, Arthur & Speigner, Bradley & Copple, David & Djumalieva, Jyldyz & Thurgood, James, 2021. "Is the UK’s productivity puzzle mostly driven by occupational mismatch? An analysis using big data on job vacancies," Labour Economics, Elsevier, vol. 71(C).
    27. Axel Gottfries & Coen N. Teulings, 2017. "Returns to On-The-Job Search and the Dispersion of Wages," CESifo Working Paper Series 6410, CESifo.
    28. Rongsheng Tang & Yang Tang & Ping Wang, 2020. "Within-Job Wage Inequality: Performance Pay and Job Relatedness," NBER Working Papers 27390, National Bureau of Economic Research, Inc.
    29. Xin Zhao & Dan Wu & Lijin Wang, 2025. "Wage Effect and Workers’ Skill Mismatch: Paths and Mechanisms," SAGE Open, , vol. 15(1), pages 21582440251, February.
    30. Gottfries, Axel & Teulings, Coen, 2016. "Returns to on-the-job search and the dispersion of wages," LSE Research Online Documents on Economics 86219, London School of Economics and Political Science, LSE Library.
    31. Papageorgiou, Theodore, 2018. "Large firms and within firm occupational reallocation," Journal of Economic Theory, Elsevier, vol. 174(C), pages 184-223.
    32. Freund, Lukas & Mann, Lukas, 2026. "Job Transformation, Specialization, and the Labor Market Effects of AI," IZA Discussion Papers 18565, IZA Network @ LISER.
    33. Francesco Roncone, 2025. "Work-Hour Instability, Occupational Mobility and Gender," Working Papers wp1201, Dipartimento Scienze Economiche, Universita' di Bologna.
    34. Cullen, Julie Berry & Dahl, Gordon B. & De Thorpe, Richard, 2025. "Job Mismatch and Early Career Success," IZA Discussion Papers 18098, IZA Network @ LISER.
    35. Patel, Pankaj C., 2025. "Look before you leap: Earnings gaps and elderly self-employment," Journal of Business Research, Elsevier, vol. 189(C).
    36. Gianni Betti & Francesca Gagliardi & Giulio Ghellini & Gabriele Lombardi, 2025. "Overqualification unreveled: a multidimensional and fuzzy set analysis," Quality & Quantity: International Journal of Methodology, Springer, vol. 59(2), pages 1103-1121, April.
    37. RENDALL, Michelle Petersen & TANAKA, Satoshi & YI, Zhang, 2026. "College Majors and Skill Mismatch in Labour Markets : A General Equilibrium Approach," CEI Working Paper Series 2025-01, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    38. Glenn Maenard A. Faustino & Ma. Lourdes G. Gabasa & Dr. Leonora De Jesus, 2025. "Systematic Literature Review on Skill Mismatch: Bridging the Gap through Educational Leadership and Industry Collaboration," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(5), pages 5151-5169, May.
    39. Neffke, Frank & Nedelkoska, Ljubica & Wiederhold, Simon, 2024. "Skill mismatch and the costs of job displacement," Research Policy, Elsevier, vol. 53(2).
    40. David Deming & Mikko Silliman, 2025. "Skills and human capital in the labor market," RFBerlin Discussion Paper Series 2520, ROCKWOOL Foundation Berlin (RFBerlin).
    41. Coraggio, Luca & Pagano, Marco & Scognamiglio, Annalisa & Tåg, Joacim, 2025. "JAQ of all trades: Job mismatch, firm productivity and managerial quality," Journal of Financial Economics, Elsevier, vol. 164(C).
    42. Michelle Rendall & Satoshi Tanaka & Yi Zhang, "undated". "College Majors and Skill Mismatch in Labour," MRG Discussion Paper Series 4924, School of Economics, University of Queensland, Australia.
    43. Gottfries, Axel & Teulings, Coen, 2023. "Returns to on-the-job search and wage dispersion," Labour Economics, Elsevier, vol. 80(C).
    44. Jorge Rodríguez & Fernando Saltiel & Sergio S. Urzúa, 2018. "Dynamic Treatment Effects of Job Training," NBER Working Papers 25408, National Bureau of Economic Research, Inc.
    45. Veli Safak, 2020. "Matching Multidimensional Types: Theory and Application," Papers 2006.14243, arXiv.org.
    46. Michael D. Makowsky & Kelsey Roberts Bacon, 2026. "The wages of irregular tasks: workers’ compensation benefits and occupational misclassification," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 51(1), pages 1-40, March.
    47. Shengjun Jiang, 2024. "Reasons for college major-job mismatch and subsequent job mobility and earnings growth," Empirical Economics, Springer, vol. 67(3), pages 1275-1301, September.
    48. Eric Floyd & Sorabh Tomar & Daniel J. Lee, 2024. "Making the Grade (But Not Disclosing It): How Withholding Grades Affects Student Behavior and Employment," Management Science, INFORMS, vol. 70(4), pages 2497-2517, April.
    49. Leonard Bocquet, 2022. "The Network Origin of Slow Labor Reallocation," PSE Working Papers halshs-03703862, HAL.
    50. John T. Addison & Liwen Chen & Orgul D. Ozturk, 2018. "Occupational Match Quality and Gender over Two Cohorts," CESifo Working Paper Series 7350, CESifo.
    51. Kali, Raja & Liu, Andrew Yizhou, 2024. "Labor market power and worker turnover," European Economic Review, Elsevier, vol. 163(C).
    52. Banfi, Stefano & Choi, Sekyu & Villena-Roldán, Benjamin, 2019. "Sorting On-line and On-time," MPRA Paper 120305, University Library of Munich, Germany, revised 13 Jan 2022.
    53. Chen, Liwen & Wang, Guanghua, 2024. "Good personality traits in bad times: Does conscientiousness mitigate the adverse effects of graduating in a recession?," Labour Economics, Elsevier, vol. 91(C).
    54. Tang, Rongsheng & Wang, Gaowang, 2021. "Educational mismatch and earnings inequality," MPRA Paper 106953, University Library of Munich, Germany.
    55. Stijepic, Damir, 2015. "Job Mobility and Sorting: Theory and Evidence," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112821, Verein für Socialpolitik / German Economic Association.
    56. Mirjam Bächli & Hélène Benghalem & Doriana Tinello & Damaris Aschwanden & Sascha Zuber & Matthias Kliegel & Michele Pellizzari & Rafael Lalive, 2024. "Ranking occupations by their proximity to workers’ profiles," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 160(1), pages 1-17, December.
    57. Bárány, Zsófia L. & Holzheu, Kerstin, 2026. "The two faces of worker specialization," Labour Economics, Elsevier, vol. 98(C).
    58. Seth Gordon Benzell & Kyle R. Myers, 2026. "Automation Experiments and Inequality," NBER Working Papers 34668, National Bureau of Economic Research, Inc.
    59. Tessa Conroy & Philip Watson, 2023. "Overeducation, natural amenities, and entrepreneurship," Small Business Economics, Springer, vol. 61(3), pages 1111-1131, October.
    60. Mohitosh Kejriwal & Xiaoxiao Li & Linh Nguyen & Evan Totty, 2024. "The efficacy of ability proxies for estimating the returns to schooling: A factor model‐based evaluation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(1), pages 3-21, January.
    61. Suguru Otani, 2024. "Nonparametric Estimation of Matching Efficiency and Mismatch in Labor Markets via Public Employment Security Offices in Japan, 1972-2024," Papers 2407.20931, arXiv.org, revised Dec 2024.
    62. Christina Patterson & Ayşegül Şahin & Giorgio Topa & Giovanni L. Violante, 2016. "Working hard in the wrong place: a mismatch-based explanation to the UK productivity puzzle," Staff Reports 757, Federal Reserve Bank of New York.
    63. Girsberger, Esther Mirjam & Koomen, Miriam & Krapf, Matthias, 2022. "Interpersonal, cognitive, and manual skills: How do they shape employment and wages?," Labour Economics, Elsevier, vol. 78(C).
    64. Tang, Rongsheng & Wang, Gaowang, 2021. "Educational mismatch and income inequality," Economic Modelling, Elsevier, vol. 100(C).
    65. Isaac Baley & Ana Figueiredo & Cristiano Mantovani & Alireza Sepahsalari, 2025. "Self-insurance in turbulent labor markets," Economics Working Papers 1931, Department of Economics and Business, Universitat Pompeu Fabra.
    66. Sona Badalyan, 2025. "Retirement Age Reforms and Worker Substitutability: Implications for Employment of Older Workers," CERGE-EI Working Papers wp794, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    67. Hartley, Jonathan S. & Olson, Matthew A., 2023. "Wage Cyclicality and Labor Market Sorting: Comment," I4R Discussion Paper Series 78, The Institute for Replication (I4R).
    68. Axel Gottfries & Coen Teulings, 2016. "Returns to On-the-Job Search and the Dispersion of Wages," Tinbergen Institute Discussion Papers 16-080/VI, Tinbergen Institute.
    69. Teulings, Coen & Gottfries, Axel, 2017. "Returns to on-the-job search and the dispersion of wages," CEPR Discussion Papers 11921, Centre for Economic Policy Research.
    70. Mahmoud Arayssi & Ali Fakih & Nathir Haimoun, 2023. "Skill Mismatch, Nepotism, Job Satisfaction, and Young Females in the MENA Region," Econometrics, MDPI, vol. 11(2), pages 1-20, June.
    71. Moumine Sissao, 2023. "Knowledge Management and Skill Needs Anticipation in Labor Market: Toward a Systematic, Dynamic, Interactive and Collaborative Framework to Address Skill Mismatches," Economic, Social and Environmental Sustainability; The Role of Technology and Political Dialogue,, ToKnowPress.
    72. Sergio Ocampo, 2022. "A Task-Based Theory of Occupations with Multidimensional Heterogeneity," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20222, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    73. Dogan Gülümser, 2024. "Hiring for old and new positions: Understanding wage formation, sorting, and," French Stata Users' Group Meetings 2024 05, Stata Users Group.
    74. Luca Coraggio & Monica Langella & Armando Miano & Marco Pagano & Marco Stenborg Petterson & Vincenzo Petone & Annalisa Scognamiglio, 2024. "Mismatch in the 21st Century:An Overview," CSEF Working Papers 745, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    75. Hadavand, Aboozar & Thomas, Sarah M & Almasi, Pooya & Gharehgozli, Orkideh, 2019. "Relevance of Education to Occupation: A New Empirical Approach Based on College Courses," OSF Preprints 8ysgz, Center for Open Science.
    76. Charles Ham & Rebecca N. Hann & MaryJane Rabier & Wenfeng Wang, 2025. "Auditor Skill Demands and Audit Quality: Evidence from Job Postings," Management Science, INFORMS, vol. 71(7), pages 5805-5829, July.
    77. Torres, Javier & Beverinotti, Javier & Canavire-Bacarreza, Gustavo, 2024. "Medium and Long Run Economic Assimilation of Venezuelan migrants to Peru," IDB Publications (Working Papers) 13361, Inter-American Development Bank.
    78. Daniel Goller & Enzo Brox & Stefan C. Wolter, 2026. "Imperfect Self-knowledge about Skills and Skill Mismatch," Economics of Education Working Paper Series 0253, University of Zurich, Department of Business Administration (IBW).
    79. John T. Addison & Liwen Chen & Orgul D. Ozturk, 2020. "Occupational Skill Mismatch: Differences by Gender and Cohort," ILR Review, Cornell University, ILR School, vol. 73(3), pages 730-767, May.
    80. Ek, Simon, 2025. "Worker specialization and the consequences of occupational decline," Working Paper Series 2025:7, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    81. Jiang, Shengjun & Guo, Yilan, 2022. "Reasons for college major-job mismatch and labor market outcomes: Evidence from China," China Economic Review, Elsevier, vol. 74(C).
    82. Duan, Jie & Jackson, Paul, 2025. "The underemployment trap," Journal of Monetary Economics, Elsevier, vol. 155(C).
    83. Birchenall, Javier A., 2024. "A competitive theory of mismatch," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
    84. Gottfries, A. & Teulings, T., 2017. "Returns to On-the-Job Search and the Dispersion of Wages," Cambridge Working Papers in Economics 1737, Faculty of Economics, University of Cambridge.
    85. Berloffa, Gabriella & Piazzalunga, Daniela & Pieri, Fabio, 2024. "Firm Human Resource Practices and Educational Mismatch," IZA Discussion Papers 17424, IZA Network @ LISER.
    86. Nicolas A. Roys & Christopher R. Taber, 2019. "Skill Prices, Occupations, and Changes in the Wage Structure for Low Skilled Men," NBER Working Papers 26453, National Bureau of Economic Research, Inc.
    87. Yadav, Anil & McIndoe-Calder, Tara, 2026. "Digital Transformation: Challenges and Opportunities for the Irish Labour Market," Quarterly Bulletin Articles, Central Bank of Ireland, pages 1-44, March.
    88. Keyon Vafa & Emil Palikot & Tianyu Du & Ayush Kanodia & Susan Athey & David M. Blei, 2022. "CAREER: A Foundation Model for Labor Sequence Data," Papers 2202.08370, arXiv.org, revised Feb 2024.

  22. Satoshi Tanaka & David Wiczer & Burhanettin Kuruscu & Fatih Guvenen, 2015. "Occupational Switching and Self-Discovery in the Labor Market," 2015 Meeting Papers 1181, Society for Economic Dynamics.

    Cited by:

    1. Rasmus Lentz & Nicolas Roys, 2015. "Training and Search On the Job," NBER Working Papers 21702, National Bureau of Economic Research, Inc.
    2. Fabien Postel-Vinay & Jeremy Lise, 2015. "Multidimensional Skills, Sorting, and Human Capital Accumulation," 2015 Meeting Papers 386, Society for Economic Dynamics.

  23. Rocio Madera & Fatih Guvenen & David Domeij & Christopher Busch, 2015. "Higher-Order Income Risk and Social Insurance Policy Over the Business Cycle," 2015 Meeting Papers 712, Society for Economic Dynamics.

    Cited by:

    1. Nicholas Bloom & Fatih Guvenen & Sergio Salgado, 2016. "Skewed Business Cycles," 2016 Meeting Papers 1621, Society for Economic Dynamics.
    2. Jeanne Commault, 2016. "How Does Nondurable Consumption Respond To Transitory Income Shocks? Reconciling Natural Experiments and Structural Estimations," Working Papers hal-01328904, HAL.
    3. Fatih Guvenen, 2015. "The Research Agenda: Fatih Guvenen on Findings from Big Data on Income Inequality and Income Uncertainty," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 16(1), April.

  24. Nick Bloom & Fatih Guvenen & David J. Price & Jae Song, 2015. "Firming Up Inequality," CEP Discussion Papers dp1354, Centre for Economic Performance, LSE.

    Cited by:

    1. Jari Vainiomäki, 2020. "The development of wage dispersion and wage rigidity in Finland," Finnish Economic Papers, Finnish Economic Association, vol. 29(1), pages 1-32, Spring.
    2. Cindy Cunningham & Lucia Foster & Cheryl Grim & John Haltiwanger & Sabrina Wulff Pabilonia & Jay Stewart & Zoltan Wolf, 2018. "Dispersion in Dispersion: Measuring Establishment-Level Differences in Productivity," Working Papers 18-25, Center for Economic Studies, U.S. Census Bureau.
    3. Matt Marx, 2018. "Punctuated Entrepreneurship (Among Women)," Working Papers 18-26, Center for Economic Studies, U.S. Census Bureau.
    4. Xiaoming Cai & Pieter A. Gautier & Ronald P. Wolthoff, 2021. "Search, Screening and Sorting," CESifo Working Paper Series 9158, CESifo.
    5. Bas Scheer & Wiljan van den Berge & Maarten Goos & Alan Manning & Anna Salomons, 2022. "Alternative Work Arrangements and Worker Outcomes: Evidence from Payrolling," CPB Discussion Paper 435, CPB Netherlands Bureau for Economic Policy Analysis.
    6. William Arbour & David J. Price, 2025. "What Occupations Do," Working Papers tecipa-800, University of Toronto, Department of Economics.
    7. Wolfgang Keller & William W. Olney, 2017. "Globalization and Executive Compensation," Department of Economics Working Papers 2017-04, Department of Economics, Williams College, revised Feb 2018.
    8. Nicholas Bloom & Scott Ohlmacher & Cristina Tello-Trillo & Melanie Wallskog, 2021. "Pay, Productivity and Management," Working Papers 21-31, Center for Economic Studies, U.S. Census Bureau.
    9. Kehrig, Matthias & Vincent, Nicolas, 2019. "Good Dispersion, Bad Dispersion," CEPR Discussion Papers 13772, Centre for Economic Policy Research.
    10. Juan C. Palomino & Gustavo A. Marrero & Juan G. Rodríguez, 2019. "Channels of Inequality of Opportunity: The Role of Education and Occupation in Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(3), pages 1045-1074, June.
    11. Bassier, Ihsaan, 2023. "Firms and inequality when unemployment is high," Journal of Development Economics, Elsevier, vol. 161(C).
    12. Carlos Oliveira, 2024. "Income and wage inequality in democratic Portugal, 1974–2020," Fiscal Studies, John Wiley & Sons, vol. 45(3), pages 393-414, September.
    13. Cortes, Guido Matias & Dabed, Diego & Oliveira, Ana & Salomons, Anna, 2024. "Fissured firms and worker outcomes," CLEF Working Paper Series 80, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    14. Albert Jan Hummel, 2021. "Monopsony Power, Income Taxation and Welfare," CESifo Working Paper Series 9128, CESifo.
    15. Kline, Patrick, 2024. "Firm wage effects," Handbook of Labor Economics,, Elsevier.
    16. Eric M. Kramer, 2016. "The Working Poor: Two Perspectives on Reality—A Communication to the Editor Inviting a Discussion," Poverty & Public Policy, John Wiley & Sons, vol. 8(3), pages 263-274, September.
    17. N. Cordemans, 2018. "Low productivity growth," Economic Review, National Bank of Belgium, issue iv, pages 67-80, december.
    18. José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Caterina Mendicino & Ettore Panetti & Dominik Supera & Martina Jašová & José-Luis Peydró, 2022. "Monetary Policy, Labor Income Redistribution and the Credit Channel: Evidence from Matched Employer-Employee and Credit Registers," Working Papers 1338, Barcelona School of Economics.
    19. Jarosch, Gregor, 2025. "Discussion of “Heterogeneous Job Ladders”," Journal of Monetary Economics, Elsevier, vol. 150(C).
    20. Francesco Trebbi & Miao Ben Zhang & Michael Simkovic, 2023. "The Cost of Regulatory Compliance in the United States," CESifo Working Paper Series 10589, CESifo.
    21. Hennig, Jan-Luca & Stadler, Balazs, 2021. "Firm-specific pay premiums and the gender wage gap in 21 European countries," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242354, Verein für Socialpolitik / German Economic Association.
    22. Thierry Magnac & Sébastien Roux, 2021. "Heterogeneity and wage inequalities over the life cycle," Post-Print hal-04532017, HAL.
    23. Reddy, Niall, 2024. "“Downsize And Distribute” Or “Merge And Monopolize”? A Critique Of Corporate Financialization Theories," SocArXiv 2zy5h, Center for Open Science.
    24. Adamopoulou, Effrosyni & Manaresi, Francesco & Rachedi, Omar & Yurdagul, Emircan, 2021. "Minimum Wages and Insurance within the Firm," IZA Discussion Papers 14943, IZA Network @ LISER.
    25. Guido Matias Cortes & Jeanne Tschopp, 2024. "Rising concentration and wage inequality," Scandinavian Journal of Economics, Wiley Blackwell, vol. 126(2), pages 320-354, April.
    26. Valeria Cirillo & Matteo Sostero & Federico Tamagni, 2019. "Firm-level pay agreements and within-firm wage inequalities: Evidence across Europe," LEM Papers Series 2019/12, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    27. Giordano Mion & Luca David Opromolla & Gianmarco I.P. Ottaviano, 2020. "Dream Jobs," Working Papers REM 2020/0138, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    28. Bonhomme, Stéphane & Denis, Angela, 2024. "Estimating heterogeneous effects: Applications to labor economics," Labour Economics, Elsevier, vol. 91(C).
    29. Díaz-Chao, Ángel & Ficapal-Cusí, Pilar & Torrent-Sellens, Joan, 2017. "Did small and medium enterprises maintain better jobs during the early years of the recession? Job quality multidimensional evidence from Spain," European Management Journal, Elsevier, vol. 35(3), pages 396-413.
    30. Nicholas Bloom & Tarek Alexander Hassan & Aakash Kalyani & Josh Lerner & Ahmed Tahoun, 2021. "The diffusion of disruptive technologies," POID Working Papers 016, Centre for Economic Performance, LSE.
    31. Phan, Van & Singleton, Carl & Bryson, Alex & Forth, John & Ritchie, Felix & Stokes, Lucy & Whittard, Damian, 2022. "Accounting for Firms in Ethnicity Wage Gaps throughout the Earnings Distribution," IZA Discussion Papers 15284, IZA Network @ LISER.
    32. Peter Hull, 2018. "Estimating Treatment Effects in Mover Designs," Papers 1804.06721, arXiv.org.
    33. Di Addario, Sabrina Lucia & Kline, Patrick & Saggio, Raffaele & Sølvsten, Mikkel, 2021. "'It Ain't Where You're from, It's Where You're At': Hiring Origins, Firm Heterogeneity, and Wages," IZA Discussion Papers 14446, IZA Network @ LISER.
    34. Dinara Alpysbayeva & Jozef Konings & Venkat Subramanian & Aigerim Yergabulova, 2022. "Wage dispersion and firm performance: evidence from Kazakhstan," Working Papers 2022/01, Nazarbayev University, Graduate School of Business.
    35. Jonas Hjort & Xuan Li & Heather Sarsons, 2020. "Across-Country Wage Compression in Multinationals," NBER Working Papers 26788, National Bureau of Economic Research, Inc.
    36. Zhijie Zheng & Ruiyang Hu, 2025. "Effects of monetary and fiscal policies on firm size distribution and economic growth," Journal of Economics, Springer, vol. 146(3), pages 347-377, December.
    37. Brenøe, Anne & Canaan, Serena & Royer, Heather & Harmon, Nikolaj, 2022. "Is Parental Leave Costly for Firms and Coworkers?," VfS Annual Conference 2022 (Basel): Big Data in Economics 264012, Verein für Socialpolitik / German Economic Association.
    38. Helm, Ines & Kügler, Alice & Schönberg, Uta, 2023. "Displacement Effects in Manufacturing and Structural Change," IZA Discussion Papers 16344, IZA Network @ LISER.
    39. Mertens, Matthias, 2021. "Labour market power and between-firm wage (in)equality," IWH-CompNet Discussion Papers 1/2020, Halle Institute for Economic Research (IWH), revised 2021.
    40. Kazakis, Pantelis, 2022. "Market Power & Within-Firm Inequality," MPRA Paper 112823, University Library of Munich, Germany.
    41. Sossdorf, Fernando, 2022. "Winners take all (the most): The effects of market concentration on labor share and wage inequality," MPRA Paper 113642, University Library of Munich, Germany.
    42. Victoria Gregory, 2020. "Firms as Learning Environments: Implications for Earnings Dynamics and Job Search," Working Papers 2020-036, Federal Reserve Bank of St. Louis, revised Sep 2023.
    43. Ulrich Schetter & Oriol Tejada, 2019. "On Globalization and the Concentration of Talent," Growth Lab Working Papers 161, Harvard's Growth Lab.
    44. Gulyas, Andreas & Meier, Matthias & Ryzhenkov, Mykola, 2024. "Labor market effects of monetary policy across workers and firms," European Economic Review, Elsevier, vol. 166(C).
    45. Van Reenen, John & Autor, David & Dorn, David & Katz, Lawrence & Patterson, Christina, 2017. "The Fall of the Labor Share and the Rise of Superstar Firms," CEPR Discussion Papers 12041, Centre for Economic Policy Research.
    46. Antonin Bergeaud & Clément Malgouyres & Clément Mazet-Sonilhac & Sara Signorelli, 2021. "Technological Change and Domestic Outsourcing," PSE Working Papers halshs-03265792, HAL.
    47. Berlingieri, Giuseppe & Pisch, Frank, 2022. "Managing export complexity: the role of service outsourcing," LSE Research Online Documents on Economics 117832, London School of Economics and Political Science, LSE Library.
    48. Milan Zafirovski, 2025. "Capitalist Dictatorship as Economic Non-democracy: Some Characteristics and Indicators," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 50(4), pages 495-514, November.
    49. Haufler, Andreas & Perroni, Carlo, 2020. "Incentives, Globalization, and Redistribution," CAGE Online Working Paper Series 492, Competitive Advantage in the Global Economy (CAGE).
    50. De Loecker, Jan & Obermeier, Tim & Van Reenen, John, 2024. "Firms and inequality," LSE Research Online Documents on Economics 121234, London School of Economics and Political Science, LSE Library.
    51. Philippe Aghion & Antonin Bergeaud & Richard Blundell & Rachel Griffith, 2019. "The innovation premium to soft skills in low-skilled occupations," CEP Discussion Papers dp1665, Centre for Economic Performance, LSE.
    52. Engbom, Niklas & Moser, Christian, 2018. "Earnings Inequality and the Minimum Wage: Evidence from Brazil," MPRA Paper 95384, University Library of Munich, Germany.
    53. Brand, Claus & Obstbaum, Meri & Coenen, Günter & Sondermann, David & Lydon, Reamonn & Ajevskis, Viktors & Hammermann, Felix & Angino, Siria & Hernborg, Nils & Basso, Henrique & Hertweck, Matthias & Bi, 2021. "Employment and the conduct of monetary policy in the euro area," Occasional Paper Series 275, European Central Bank.
    54. Paul Brandily & Camille Hémet & Clément Malgouyres, 2022. "Understanding the Reallocation of Displaced Workers to Firms," PSE Working Papers halshs-03082302, HAL.
    55. Brian Bell & Paweł Bukowski & Stephen Machin, 2024. "The Decline in Rent Sharing," Journal of Labor Economics, University of Chicago Press, vol. 42(3), pages 683-716.
    56. Eileen Appelbaum, 2017. "Domestic Outsourcing, Rent Seeking, and Increasing Inequality," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(4), pages 513-528, December.
    57. Thomas Amosse & Alex Bryson & John Forth & Heloise Petit, 2023. "The Micro-Foundations of Employment Systems: An Empirical Case Study of Britain and France," DoQSS Working Papers 23-04, Quantitative Social Science - UCL Social Research Institute, University College London.
    58. Bana, Sarah & Bedard, Kelly & Rossin-Slater, Maya & Stearns, Jenna, 2023. "Unequal use of social insurance benefits: The role of employers," Journal of Econometrics, Elsevier, vol. 233(2), pages 633-660.
    59. Gravina, Antonio Francesco & Foster-McGregor, Neil, 2020. "Automation, globalisation and relative wages: An empirical analysis of winners and losers," MERIT Working Papers 2020-040, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    60. Wenting Ma, 2024. "Employer Dominance and Worker Earnings in Finance," Working Papers 24-41, Center for Economic Studies, U.S. Census Bureau.
    61. Afonso, Oscar & Gil, Pedro Mazeda, 2024. "Territorial comparative advantage, wage inequality, and monetary policy in the global world," Journal of International Money and Finance, Elsevier, vol. 143(C).
    62. Eric Mak & Aloysius Siow, 2017. "Occupational Choice and Matching in the Labor Market," Working Papers tecipa-577, University of Toronto, Department of Economics.
    63. Maibom, Jonas & Vejlin, Rune Majlund, 2021. "Passthrough of Firm Performance to Income and Employment Stability," IZA Discussion Papers 14131, IZA Network @ LISER.
    64. Akerman, Anders, 2018. "The Relative Skill Demand of Superstar Firms and Aggregate Implications," Research Papers in Economics 2018:2, Stockholm University, Department of Economics.
    65. Maarten de Ridder, 2019. "Market Power and Innovation in the Intangible Economy," Discussion Papers 1907, Centre for Macroeconomics (CFM).
    66. Labanca, Claudio & Pozzoli, Dario, 2022. "Hours Constraints and Wage Differentials across Firms," IZA Discussion Papers 14992, IZA Network @ LISER.
    67. Whelan, Adele & Brosnan, Luke & McGuinness, Seamus, 2026. "The Gender Gap in Digital Skills at Work," IZA Discussion Papers 18675, IZA Network @ LISER.
    68. Bassier, Ihsaan, 2022. "Firms and inequality when unemployment is high," LSE Research Online Documents on Economics 121970, London School of Economics and Political Science, LSE Library.
    69. Arabzadeh, Hamzeh & Balleer, Almut & Gehrke, Britta & Taskin, Ahmet Ali, 2024. "Minimum wages, wage dispersion and financial constraints in firms," European Economic Review, Elsevier, vol. 163(C).
    70. Federico Huneeus & Kory Kroft & Kevin Lim, 2021. "Earnings Inequality in Production Networks," Working Papers Central Bank of Chile 907, Central Bank of Chile.
    71. Winkler, Erwin, 2020. "Diverging paths: Labor reallocation, sorting, and wage inequality," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224535, Verein für Socialpolitik / German Economic Association.
    72. Erik Brynjolfsson & Wang Jin & Kristina McElheran, 2021. "The power of prediction: predictive analytics, workplace complements, and business performance," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 56(4), pages 217-239, October.
    73. Lombardi, Stefano & Skans, Oskar Nordström & Vikström, Johan, 2018. "Targeted wage subsidies and firm performance," Labour Economics, Elsevier, vol. 53(C), pages 33-45.
    74. Xiaowei Xu, 2025. "On the move: local opportunities and youth migration," Fiscal Studies, John Wiley & Sons, vol. 46(4), pages 451-473, December.
    75. Andreas Gulyas & Krzysztof Pytka, 2019. "Understanding the Sources of Earnings Losses After Job Displacement: A Machine-Learning Approach," CRC TR 224 Discussion Paper Series crctr224_2019_131, University of Bonn and University of Mannheim, Germany.
    76. Cortes, Guido Matias & Salvatori, Andrea, 2019. "Delving into the demand side: Changes in workplace specialization and job polarization," Labour Economics, Elsevier, vol. 57(C), pages 164-176.
    77. Zhu, Weichao & Wang, Lu & Lang, Youze, 2022. "The costs and benefits of tournament in a frictional labor market," Economic Modelling, Elsevier, vol. 113(C).
    78. Fernandez Sierra, Manuel & Serrano, Gabriela, 2022. "New Perspectives on Inequality in Latin America," IZA Discussion Papers 15437, IZA Network @ LISER.
    79. Checchi, Daniele & Kreisman, Daniel & García-Peñalosa, Cecilia, 2025. "The Evolution of Hours Worked and the Gender Wage Gap: Theory and Evidence from Four Countries," IZA Discussion Papers 18265, IZA Network @ LISER.
    80. Daniel Baumgarten & Gabriel Felbermayr & Sybille Lehwald & Gabriel J. Felbermayr, 2018. "Dissecting Between-Plant and Within-Plant Wage Dispersion - Evidence from Germany," CESifo Working Paper Series 7356, CESifo.
    81. Soyoung Lee, 2023. "The Macroeconomic Effects of Debt Relief Policies During Recessions," Staff Working Papers 23-48, Bank of Canada.
    82. Benoit Dostie & Genevieve Dufour, 2024. "Évolution de la distribution de la productivité des entreprises québécoises entre 2005 et 2019," CIRANO Project Reports 2024rp-19, CIRANO.
    83. Michael Böhm & Daniel Metzger & Per Strömberg, 2022. "“Since You’re So Rich, You Must Be Really Smart”: Talent, Rent Sharing, and the Finance Wage Premium," ECONtribute Discussion Papers Series 147, University of Bonn and University of Cologne, Germany.
    84. Paul Osterman, 2024. "Reconsidering Occupational Internal Labor Markets: Incidence and Consequences," ILR Review, Cornell University, ILR School, vol. 77(3), pages 366-395, May.
    85. Afroza Alam & André Diegmann, 2026. "Patents, Firm Rents, and Worker Compensation: Causal Evidence from Quasi-Random Patent Allocation," CESifo Working Paper Series 12666, CESifo.
    86. Azar, José & Marinescu, Ioana & Steinbaum, Marshall & Taska, Bledi, 2020. "Concentration in US labor markets: Evidence from online vacancy data," Labour Economics, Elsevier, vol. 66(C).
    87. Sang-yoon Song, 2020. "Employer Size and Wage Inequality: Rent-Sharing Role of Performance Pay," Korean Economic Review, Korean Economic Association, vol. 36, pages 415-444.
    88. Alexandre Mas & Amanda Pallais, 2019. "Alternative Work Arrangements," Working Papers 634, Princeton University, Department of Economics, Industrial Relations Section..
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    1. Borusyak, Kirill & Jaravel, Xavier, 2024. "Are trade wars class wars? The importance of trade-induced horizontal inequality," LSE Research Online Documents on Economics 122606, London School of Economics and Political Science, LSE Library.
    2. Lippi, Francesco & Perri, Fabrizio, 2023. "Unequal growth," Journal of Monetary Economics, Elsevier, vol. 133(C), pages 1-18.
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    5. Champagne, Julien & Kurmann, Andre & Stewart, Jay, 2016. "Reconciling the Divergence in Aggregate U.S. Wage Series," IZA Discussion Papers 9754, IZA Network @ LISER.
    6. De Nardi, Mariacristina & Fella, Giulio, 2017. "Saving and Wealth Inequality," CEPR Discussion Papers 11746, Centre for Economic Policy Research.
    7. Dante Amengual & Jesus Bueren & Julio Crego, 2019. "Endogenous Health Groups and Heterogeneous Dynamics of the Elderly," 2019 Meeting Papers 332, Society for Economic Dynamics.
    8. Axelle Ferriere & Philipp Grubener & Gaston Navarro & Oliko Vardishvili, 2021. "Larger transfers financed with more progressive taxes? On the optimal design of taxes and transfers," PSE Working Papers halshs-03466762, HAL.
    9. Kelly, Robert & O'Malley, Terence & O'Toole, Conor, 2015. "Designing Macro-prudential Policy in Mortgage Lending: Do First Time Buyers Default Less?," Research Technical Papers 02/RT/15, Central Bank of Ireland.
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    124. Gobillon, Laurent & Magnac, Thierry & Roux, Sébastien, 2025. "Lifecycle Wages and Human Capital Investments: Selection and Missing Data," IZA Discussion Papers 17838, IZA Network @ LISER.
    125. Daniela Puggioni & Mariana Calderón & Alfonso Cebreros Zurita & León Fernández Bujanda & José Antonio Inguanzo González & David Jaume, 2022. "Inequality, income dynamics, and worker transitions: The case of Mexico," Quantitative Economics, Econometric Society, vol. 13(4), pages 1669-1705, November.
    126. Yonatan Berman, 2022. "Absolute intragenerational mobility in the United States, 1962–2014," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 20(3), pages 587-609, September.
    127. Bilbiie, F. O. & Galaasen, S. M. & Gurkaynak, R. S. & Maehlum, M. & Molnar, K, 2025. "Hanksson," Cambridge Working Papers in Economics 2516, Faculty of Economics, University of Cambridge.
      • Bilbiie, Florin & Galaasen, Sigurd & Gürkaynak, Refet & Maehlum, Mathis & Molnar, Krisztina, 2025. "Hanksson," CEPR Discussion Papers 20090, Centre for Economic Policy Research.
    128. Sagiri Kitao & Michio Suzuki & Tomoaki Yamada, 2025. "Nonlinear Earnings Dynamics and Inequality over the Life Cycle: Evidence from Japanese Municipal Tax Records," TUPD Discussion Papers 75, Graduate School of Economics and Management, Tohoku University.
    129. Daniel R. Carroll & Jim Dolmas & Eric Young, 2019. "The Politics of Flat Taxes," Working Papers 14-42R2, Federal Reserve Bank of Cleveland.
    130. Morten Olsen & Joshua Gottlieb & David Hemous & Jeffrey Clemens, 2017. "The Spill-over Effects of Top Income Inequality," 2017 Meeting Papers 332, Society for Economic Dynamics.
    131. Sebastian Graves, 2020. "Does Unemployment Risk Affect Business Cycle Dynamics?," International Finance Discussion Papers 1298, Board of Governors of the Federal Reserve System (U.S.).
    132. Cagri S. Kumru & John Piggott, 2017. "Optimal Capital Income Taxation with Means-tested Benefits," Scottish Journal of Political Economy, Scottish Economic Society, vol. 64(3), pages 227-262, July.
    133. Madeira, Carlos, 2026. "Identification of earnings dynamics using rotating samples over short periods: the case of Chile," World Development, Elsevier, vol. 199(C).
    134. Heinzel, Christoph & Peter, Richard, 2023. "Precaution with multiple instruments: The importance of substitution effects," Journal of Economic Behavior & Organization, Elsevier, vol. 207(C), pages 392-412.
    135. Fallick, Bruce & Villar, Daniel & Wascher, William, 2022. "Downward nominal wage rigidity in the United States in times of economic distress and low inflation," Labour Economics, Elsevier, vol. 78(C).
    136. Garnero, Andrea & Hijzen, Alexander & Martin, Sébastien, 2016. "More Unequal, But More Mobile? Earnings Inequality and Mobility in OECD Countries," IZA Discussion Papers 9753, IZA Network @ LISER.
    137. Job Boerma & Aleh Tsyvinski & Alexander P. Zimin, 2022. "Bunching and Taxing Multidimensional Skills," Papers 2204.13481, arXiv.org, revised Apr 2025.
    138. Krivenko, Pavel, 2023. "The Role of Moving Shocks, Unemployment, and Policy in Understanding Housing Bust," Journal of Banking & Finance, Elsevier, vol. 154(C).
    139. Costa, Carlos Eugênio da & Rodrigues, Artur, 2024. "Reassessing the efficiency-equity trade-off: progressivity’s impact on growth," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 839, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    140. Fatih Guvenen & Rocio Madera & Serdar Ozkan, 2024. "Consumption Dynamics and Welfare Under Non-Gaussian Earnings Risk," Working Papers 2024-007, Federal Reserve Bank of St. Louis, revised 27 Jul 2024.
    141. Yu-Ting Chiang & Mikayel Sukiasyan & Piotr Żoch, 2025. "The Distributional Effects of Bailouts," Review, Federal Reserve Bank of St. Louis, vol. 107(17), pages 1-10, November.
    142. Horneff, Vanya & Love, David & Maurer, Raimond, 2026. "Rules of thumb and retirement accounts," Journal of Banking & Finance, Elsevier, vol. 183(C).
    143. Sagiri Kitao & Tomoaki Yamada, 2025. "Earnings, income, and wealth inequality in Japan: a long-term perspective, 1984–2019," The Japanese Economic Review, Springer, vol. 76(2), pages 231-283, April.
    144. Heer, Burkhard & Trede, Mark, 2023. "Age-specific entrepreneurship and PAYG: Public pensions in Germany," Journal of Macroeconomics, Elsevier, vol. 75(C).
    145. Aurel Mélard & Simon Rabaté & Maxime Tô, 2024. "Hidden redistribution in lifetime earnings: the role of differential mortality," IFS Working Papers W24/44, Institute for Fiscal Studies.
    146. Ayşe İmrohoroğlu & Kyle Matoba & Şelale Tüzel, 2018. "Proposition 13: An Equilibrium Analysis," American Economic Journal: Macroeconomics, American Economic Association, vol. 10(2), pages 24-51, April.
    147. Alejandro Badel, 2015. "Quantitative Macro Versus Sufficient Statistic Approach: A Laffer Curve Dilemma?," Review, Federal Reserve Bank of St. Louis, vol. 97(3), pages 257-267.
    148. Nobuhiro Kiyotaki & Shengxing Zhang, 2018. "Intangibles, Inequality and Stagnation," Working Papers 2018-15, Princeton University. Economics Department..
    149. Heejeong Kim, 2022. "Inequality, Disaster risk, and the Great Recession," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 45, pages 187-216, July.
    150. Yongsung Chang & Jay Hong & Marios Karabarbounis & Yicheng Wang & Tao Zhang, 2022. "Income Volatility and Portfolio Choices," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 65-90, April.
    151. d’Astous, Philippe & Shore, Stephen H., 2024. "Programs of study and earnings dynamics," Labour Economics, Elsevier, vol. 88(C).
    152. Dan Ben-Moshe, 2023. "Identifying an Earnings Process With Dependent Contemporaneous Income Shocks," Papers 2303.08460, arXiv.org, revised May 2023.
    153. Kyle Herkenhoff & Jeremy Lise & Guido Menzio & Gordon M. Phillips, 2024. "Production and Learning in Teams," Econometrica, Econometric Society, vol. 92(2), pages 467-504, March.
    154. Inkmann, Joachim, 2024. "Aggregate portfolio choice," Journal of Empirical Finance, Elsevier, vol. 77(C).
    155. Karl Harmenberg & Raysa Lizarraga, 2025. "Earnings dynamics and top-earnings inequality," Working Papers 01/2025, Centre for Household Finance and Macroeconomic Research (HOFIMAR), BI Norwegian Business School.
    156. Raffaella Giacomini & Sokbae Lee & Silvia Sarpietro, 2023. "Individual Shrinkage for Random Effects," Papers 2308.01596, arXiv.org, revised May 2026.

  26. Fatih Guvenen & Greg Kaplan & Jae Song, 2014. "How Risky Are Recessions for Top Earners?," NBER Working Papers 19864, National Bureau of Economic Research, Inc.

    Cited by:

    1. Philippe Aghion & U. Akcigit & Antonin Bergeaud & R. Blundell & D. H mous, 2015. "Innovation and Top Income Inequality," Working papers 557, Banque de France.
    2. Born, Benjamin & Bayer, Christian & Luetticke, Ralph, 2020. "The Liquidity Channel of Fiscal Policy," CEPR Discussion Papers 14883, Centre for Economic Policy Research.
    3. Frédéric Teulon & Guillaume Bigot & Bernard Terrany & Negar Youssefian, 2016. "Rémunérations des PDG : toniques ou toxiques ? Une mise en perspective de la littérature," Post-Print hal-01865108, HAL.
    4. Christian Bayer & Benjamin Born & Ralph Luetticke, 2020. "Shocks, Frictions, and Inequality in US Business Cycles," CESifo Working Paper Series 8085, CESifo.
    5. Valadkhani, Abbas, 2023. "Asymmetric downside risk across different sectors of the US equity market," Global Finance Journal, Elsevier, vol. 57(C).
    6. Christian Bayer & Benjamin Born & Ralph Luetticke & Gernot J Müller, 2023. "The Coronavirus Stimulus Package: How Large is the Transfer Multiplier," The Economic Journal, Royal Economic Society, vol. 133(652), pages 1318-1347.
    7. Foellmi, Reto & Martínez, Isabel Z., 2014. "Volatile Top Income Shares in Switzerland? Reassessing the Evolution Between 1981 and 2009," CEPR Discussion Papers 10006, Centre for Economic Policy Research.
    8. Michael Böhm & Daniel Metzger & Per Strömberg, 2022. "“Since You’re So Rich, You Must Be Really Smart”: Talent, Rent Sharing, and the Finance Wage Premium," ECONtribute Discussion Papers Series 147, University of Bonn and University of Cologne, Germany.
    9. Strömberg, Per & Metzger, Daniel & Böhm, Michael, 2018. "“Since you’re so rich, you must be really smart†: Talent and the Finance Wage Premium," CEPR Discussion Papers 12711, Centre for Economic Policy Research.
    10. Foellmi, Reto & Martinez, Isabel Z., 2016. "Volatile Top Income Shares in Switzerland? Reassessing the Evolution Between 1981 and 2010," Economics Working Paper Series 1612, University of St. Gallen, School of Economics and Political Science.
    11. Alejandro Badel & Moira Daly & Mark Huggett & Martin Nybom, 2017. "Top Earners: Cross-Country Facts," Working Papers 2017-061, Human Capital and Economic Opportunity Working Group.
    12. Schmidt, Lawrence D.W., 2025. "Climbing and falling off the ladder: Asset pricing implications of labor market event risk," Journal of Financial Economics, Elsevier, vol. 172(C).
    13. Andrea Parma & Manos Matsaganis & Maria Giulia Montanari & Costanzo Ranci, 2025. "Incidence and Distribution of Earnings Shocks: Southern Europe in Comparative Perspective," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 178(1), pages 559-579, May.
    14. Stohler, Fabio & Bayer, Christian, 2025. "Can Public Debt Crowd in Private Investment?," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325410, Verein für Socialpolitik / German Economic Association.
    15. Böhm, Michael Johannes & Metzger, Daniel & Strömberg, Per, 2022. "'Since You're So Rich, You Must Be Really Smart': Talent, Rent Sharing, and the Finance Wage Premium," IZA Discussion Papers 15337, IZA Network @ LISER.
    16. Beatriz Muriel & Horacio Vera, 2015. "The Effects of Economic Growth on Earnings in Bolivia," Development Research Working Paper Series 08/2015, Institute for Advanced Development Studies.
    17. Jack Blundell, 2021. "Wage responses to gender pay gap reporting requirements," CEP Discussion Papers dp1750, Centre for Economic Performance, LSE.
    18. Marco D’Amico & Martina Fazio, 2025. "Modelling income risk dynamics in the UK: a parametric approach," Bank of England working papers 1129, Bank of England.
    19. Audra Bowlus & Émilien Gouin‐Bonenfant & Huju Liu & Lance Lochner & Youngmin Park, 2022. "Four decades of Canadian earnings inequality and dynamics across workers and firms," Quantitative Economics, Econometric Society, vol. 13(4), pages 1447-1491, November.
    20. Bernstein, Joshua, 2021. "A model of state-dependent monetary policy," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 904-917.
    21. Jesse Bricker & Alice Henriques & Jacob Krimmel & John Sabelhaus, 2016. "Measuring Income and Wealth at the Top Using Administrative and Survey Data," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 47(1 (Spring), pages 261-331.
    22. Böhm, Michael & Metzger, Daniel & Strömberg, Per, 2015. "Since you’re so rich, you must be really smart”: Talent and the Finance Wage Premium," Working Paper Series 313, Sveriges Riksbank (Central Bank of Sweden).
    23. Blundell, Jack, 2021. "Wage responses to gender pay gap reporting requirements," LSE Research Online Documents on Economics 114416, London School of Economics and Political Science, LSE Library.
    24. Luetticke, Ralph & Meyer, Timothy Andreas & Müller, Gernot J. & Schularick, Moritz, 2025. "The great leveler according to HANK," Kiel Working Papers 2308, Kiel Institute for the World Economy.
    25. Reto Foellmi & Isabel Z. Martínez, 2018. "Inequality in Switzerland: A Haven of Stability?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 19(02), pages 19-25, July.

  27. Fatih Guvenen & Michelle Rendall, 2014. "Online Appendix to "Women's Emancipation through Education: A Macroeconomic Analysis"," Online Appendices 14-159, Review of Economic Dynamics.

    Cited by:

    1. Andrew Shephard, 2019. "Marriage market dynamics, gender, and the age gap," PIER Working Paper Archive 19-003, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    2. Doepke, Matthias & Tertilt, Michèle, 2016. "Families in Macroeconomics," IZA Discussion Papers 9802, IZA Network @ LISER.
    3. Keller, Elisa, 2019. "Labor supply and gender differences in occupational choice," European Economic Review, Elsevier, vol. 115(C), pages 221-241.
    4. Emily Moschini, 2019. "Child Care Subsidies with One- and Two-Parent Families," 2019 Meeting Papers 42, Society for Economic Dynamics.
    5. Davoine, Thomas & Mankart, Jochen, 2017. "Changes in education, wage inequality and working hours over time," Discussion Papers 38/2017, Deutsche Bundesbank.
    6. Laurie S. M. Reijnders, 2018. "Wealth, Wages, and Wedlock: Explaining the College Gender Gap Reversal," Scandinavian Journal of Economics, Wiley Blackwell, vol. 120(2), pages 537-562, April.
    7. Gobbi, Paula E., 2018. "Childcare and commitment within households," Journal of Economic Theory, Elsevier, vol. 176(C), pages 503-551.
    8. Jeremy Greenwood & Nezih Guner & Guillaume Vandenbroucke, 2017. "Family Economics Writ Large," RCER Working Papers 598, University of Rochester - Center for Economic Research (RCER).
    9. Jialu Liu & Siqi Pei & Xiaoquan (Michael) Zhang, 2024. "Online Food Delivery Platforms and Female Labor Force Participation," Information Systems Research, INFORMS, vol. 35(3), pages 1074-1091, September.
    10. Edith Aguirre, 2019. "The (non) impact of education on marital dissolution," Discussion Papers 19/15, Department of Economics, University of York.
    11. Nezih Guner & Christopher Rauh & Elizabeth Caucutt, 2017. "Is Marriage for White People? Incarceration and the Racial Marriage Divide," 2017 Meeting Papers 779, Society for Economic Dynamics.
    12. Nawid Siassi, 2019. "Inequality and the Marriage Gap," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 160-181, January.
    13. David de la Croix & Fabio Mariani & Marion Mercier, 2023. "Driven By Institutions, Shaped By Culture: Human Capital And The Secularization Of Marriage In Italy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(4), pages 1777-1818, November.

  28. Fatih Guvenen & Greg Kaplan & Jae Song, 2014. "The Glass Ceiling and the Paper Floor: Gender Differences among Top Earners, 1981–2012," Working Papers 716, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Wolfgang Keller & William W. Olney, 2017. "Globalization and Executive Compensation," Department of Economics Working Papers 2017-04, Department of Economics, Williams College, revised Feb 2018.
    2. Doepke, Matthias & Tertilt, Michèle, 2016. "Families in Macroeconomics," IZA Discussion Papers 9802, IZA Network @ LISER.
    3. Anthony B. Atkinson & Alessandra Casarico & Sarah Voitchovsky, 2018. "Top incomes and the gender divide," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 16(2), pages 225-256, June.
    4. Jae Song & David J. Price & Fatih Guvenen & Nicholas Bloom & Till von Wachter, 2015. "Firming Up Inequality," NBER Working Papers 21199, National Bureau of Economic Research, Inc.
    5. Roman Bobilev & Anne Boschini & Jesper Roine, 2020. "Women in the Top of the Income Distribution: What Can We Learn From LIS-Data?," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 6(1), pages 63-107, March.
    6. Luetticke, Ralph, 2018. "Transmission of monetary policy with heterogeneity in household portfolios," LSE Research Online Documents on Economics 90377, London School of Economics and Political Science, LSE Library.
    7. Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2017. "Distributional National Accounts: Methods and Estimates for the United States," Working Papers halshs-02784725, HAL.
    8. Das,Jishnu & Joubert,Clement Jean Edouard, 2020. "Women in the Pipeline : A Dynamic Decomposition of Firm Pay Gaps," Policy Research Working Paper Series 9295, The World Bank.
    9. Popov, Alexander & Zaharia, Sonia, 2019. "Credit market competition and the gender gap in labor force participation: Evidence from local markets," European Economic Review, Elsevier, vol. 115(C), pages 25-59.
    10. Fortin, Nicole M. & Bell, Brian & Böhm, Michael Johannes, 2017. "Top Earnings Inequality and the Gender Pay Gap: Canada, Sweden and the United Kingdom," IZA Discussion Papers 10829, IZA Network @ LISER.
    11. Bailey, Martha J. & Byker, Tanya & Patel, Elena & Ramnath, Shanthi, 2019. "The Long-Term Effects of California’s 2004 Paid Family Leave Act on Women’s Careers: Evidence from U.S. Tax Data," CEPR Discussion Papers 14217, Centre for Economic Policy Research.
    12. Jack Britton & Neil Shephard & Anna Vignoles, 2015. "Comparing sample survey measures of English earnings of graduates with administrative data during the Great Recession," IFS Working Papers W15/28, Institute for Fiscal Studies.
    13. Boschini, Anne & Gunnarsson, Kristin & Roine, Jesper, 2018. "Women in Top Incomes – Evidence from Sweden 1974-2013," Working Paper Series 2018:3, Uppsala University, Department of Economics.
    14. Francesco Ferlaino, 2025. "Effects of different financial frictions on households," CIMEO Working Paper Series 191, Centre for Investigation and Modelling of Experimental Observations (CIMEO).
    15. Oliver Denk, 2015. "Who are the top 1% earners in Europe?," OECD Economics Department Working Papers 1274, OECD Publishing.
    16. Fabian Kindermann & Dirk Krueger, 2022. "High Marginal Tax Rates on the Top 1 Percent? Lessons from a Life-Cycle Model with Idiosyncratic Income Risk," American Economic Journal: Macroeconomics, American Economic Association, vol. 14(2), pages 319-366, April.
    17. Tom Phelan, 2019. "The Optimal Taxation of Business Owners," Working Papers 19-26R, Federal Reserve Bank of Cleveland, revised 28 May 2021.
    18. Fatih Karahan & Serdar Ozkan & Jae Song, 2019. "Anatomy of Lifetime Earnings Inequality: Heterogeneity in Job Ladder Risk vs. Human Capital," Staff Reports 908, Federal Reserve Bank of New York.
    19. Terhi Ravaska, 2018. "Top incomes and income dynamics from a gender perspective: Evidence from Finland 1995-2012," Working Papers 469, ECINEQ, Society for the Study of Economic Inequality.
    20. Martha J. Bailey & Tanya S. Byker & Elena Patel & Shanthi Ramnath, 2019. "The Long-Run Effects of California’s Paid Family Leave Act on Women’s Careers and Childbearing: New Evidence from a Regression Discontinuity Design and U.S. Tax Data," NBER Working Papers 26416, National Bureau of Economic Research, Inc.
    21. Bayer, Christian & Kuhn, Moritz, 2023. "Job Levels and Wages," IZA Discussion Papers 16177, IZA Network @ LISER.
    22. Ian Gregory‐Smith, 2018. "Positive Action Towards Gender Equality: Evidence from the Athena SWAN Charter in UK Medical Schools," British Journal of Industrial Relations, London School of Economics, vol. 56(3), pages 463-483, September.
    23. Ian Gregory-Smith, 2015. "The impact of Athena SWAN in UK medical schools," Working Papers 2015010, The University of Sheffield, Department of Economics.
    24. Fatih Guvenen & Greg Kaplan, 2017. "Top Income Inequality in the 21st Century: Some Cautionary Notes," Quarterly Review, Federal Reserve Bank of Minneapolis, issue October, pages 2-15.
    25. Gabaix, Xavier & Moll, Benjamin & Lasry, Jean-Michel & Lions, Pierre-Louis, 2015. "The Dynamics of Inequality," CEPR Discussion Papers 11028, Centre for Economic Policy Research.
    26. Boschini, Anne & Gunnarsson, Kristin & Roine, Jesper, 2020. "Women in top incomes – Evidence from Sweden 1971–2017," Journal of Public Economics, Elsevier, vol. 181(C).
    27. Terhi Ravaska, 2018. "Top incomes and income dynamics from a gender perspective: Evidence from Finland 1995–2012," Working Papers 321, Työn ja talouden tutkimus LABORE, The Labour Institute for Economic Research LABORE.
    28. Michela Braga & Francesco Scervini, 2015. "The performance of politicians. The effect of gender quotas," Working papers 35, Società Italiana di Economia Pubblica.
    29. Glaubitz, Rick & Harnack-Eber, Astrid & Wetter, Miriam, 2022. "The gender gap in lifetime earnings: The role of parenthood," Discussion Papers 2022/3, Free University Berlin, School of Business & Economics.
    30. Casarico, A. & Lattanzio, S., 2019. "What Firms Do: Gender Inequality in Linked Employer-Employee Data," Cambridge Working Papers in Economics 1966, Faculty of Economics, University of Cambridge.
    31. Isabel Martinez, 2021. "Evidence from Unique Swiss Tax Data on the Composition and Joint Distribution of Income and Wealth," NBER Chapters, in: Measuring Distribution and Mobility of Income and Wealth, pages 105-142, National Bureau of Economic Research, Inc.
    32. Rick Glaubitz & Astrid Harnack-Eber & Miriam Wetter, 2022. "The Gender Gap in Lifetime Earnings: The Role of Parenthood," Discussion Papers of DIW Berlin 2001, DIW Berlin, German Institute for Economic Research.
    33. Benny, Liza & Bhalotra, Sonia & Fernández, Manuel, 2021. "Occupation flexibility and the graduate gender wage gap in the UK," ISER Working Paper Series 2021-05, Institute for Social and Economic Research.
    34. Tomás R. Martinez & Antonio Martins-Neto & Ursula Mello, 2024. "Gender and Top Lifetime Earnings Inequality: Ten New Facts from Brazil," Business and Economics Working Papers 242, Unidade de Negocios e Economia, Insper.
    35. Katherine Lim, 2019. "Do American mothers use self-employment as a flexible work alternative?," Review of Economics of the Household, Springer, vol. 17(3), pages 805-842, September.
    36. Francesco Ferlaino, 2025. "Effects of different financial frictions on households," Working Papers in Public Economics 263, Department of Economics and Law, Sapienza University of Rome.
    37. Lusi Liao & Sasiwimon W. Paweenawat, 2020. "A Glass Ceiling? Gender Inequality of Top Earners in Thailand," Economics Bulletin, AccessEcon, vol. 40(1), pages 500-515.
    38. Niels-Jakob Harbo Hansen & Karl Harmenberg & Erik Öberg & Hans Henrik Sievertsen, 2021. "Gender disparities in top earnings: measurement and facts for Denmark 1980-2013," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 19(2), pages 347-362, June.
    39. Ravaska Terhi, 2018. "Top incomes and income dynamics from a gender perspective : Evidence from Finland 1995-2012," Working Papers 1822, Tampere University, Faculty of Management and Business, Economics.

  29. Serdar Ozkan & Jae Song & Fatih Karahan & Fatih Guvenen, 2013. "What Do Data on Millions of U.S. Workers Say About Labor Income Risk?," 2013 Meeting Papers 1271, Society for Economic Dynamics.

    Cited by:

    1. Fatih Karahan & Jae Song & Serdar Ozkan, 2018. "Sources of Inequality in Earnings Growth Over the Life Cycle," 2018 Meeting Papers 313, Society for Economic Dynamics.
    2. Serdar Ozkan & Kurt Mitman & Fatih Karahan & Aaron Hedlund, 2017. "Monetary Policy, Heterogeneity, and the Housing Channel," 2017 Meeting Papers 1610, Society for Economic Dynamics.
    3. Alejandro Badel & Mark Huggett, 2014. "Taxing top earners: a human capital perspective," Working Papers 2014-17, Federal Reserve Bank of St. Louis.
    4. Corina Boar, 2017. "Dynastic Precautionary Savings," 2017 Meeting Papers 343, Society for Economic Dynamics.
    5. Fatih Guvenen, 2015. "The Research Agenda: Fatih Guvenen on Findings from Big Data on Income Inequality and Income Uncertainty," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 16(1), April.
    6. Serdar Ozkan & Kjetil Storesletten & Hans Holter & Elin Halvorsen, 2017. "The Distributions of Income and Consumption Risk: Evidence from Norwegian Registry Data," 2017 Meeting Papers 1404, Society for Economic Dynamics.
    7. Corina Boar, 2020. "Dynastic Precautionary Savings," NBER Working Papers 26635, National Bureau of Economic Research, Inc.
    8. Fatih Guvenen & Fatih Karahan & Serdar Ozkan, 2018. "Consumption and Savings Under Non-Gaussian Income Risk," 2018 Meeting Papers 314, Society for Economic Dynamics.
    9. Mikhail Golosov & Maxim Troshkin & Aleh Tsyvinski, 2016. "Redistribution and Social Insurance," American Economic Review, American Economic Association, vol. 106(2), pages 359-386, February.
    10. Fatih Guvenen & Serdar Ozkan & Jae Song, 2014. "The Nature of Countercyclical Income Risk," Journal of Political Economy, University of Chicago Press, vol. 122(3), pages 621-660.

  30. Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2013. "What Do Data on Millions of U.S. Workers Say About Life Cycle Income Risk?," Working Papers wp302, University of Michigan, Michigan Retirement Research Center.

    Cited by:

    1. Nybom, Martin & Stuhler, Jan, 2015. "Biases in standard measures of intergenerational income dependence," Working Paper Series 2015:13, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    2. Mikhail Golosov & Aleh Tsyvinski & Nicolas Werquin, 2014. "A Variational Approach to the Analysis of Tax Systems," NBER Working Papers 20780, National Bureau of Economic Research, Inc.
    3. Mikhail Golosov & Maxim Troshkin & Aleh Tsyvinski, 2016. "Redistribution and Social Insurance," American Economic Review, American Economic Association, vol. 106(2), pages 359-386, February.
    4. Fatih Guvenen & Serdar Ozkan & Jae Song, 2014. "The Nature of Countercyclical Income Risk," Journal of Political Economy, University of Chicago Press, vol. 122(3), pages 621-660.
    5. Aubhik Khan, 2017. "Large Recessions in an Overlapping Generations with Unemployment," 2017 Meeting Papers 1559, Society for Economic Dynamics.

  31. Fatih Guvenen & Burhanettin Kurusçu & Serdar Ozkan, 2013. "Taxation of human capital and wage inequality: a cross-country analysis," Finance and Economics Discussion Series 2013-20, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Jan Eeckhout & Nezih Guner, 2017. "Optimal Spatial Taxation: Are Big Cities too Small?," Working Papers wp2017_1705, CEMFI.
    2. Blandin, Adam & Peterman, William B., 2019. "Taxing capital? The importance of how human capital is accumulated," European Economic Review, Elsevier, vol. 119(C), pages 482-508.
    3. Jeong, Minhyeon & Jung, Euiyoung & Lee, Chul-In, 2024. "Comovement of labor supply and human capital investment in policy analysis," Economics Letters, Elsevier, vol. 245(C).
    4. Koyuncu, Murat, 2011. "Can progressive taxation account for cross-country variation in labor supply?," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1474-1488, September.
    5. Carneiro, Fernando Moraes & Turnovsky, Stephen J. & Tourinho, Octavio Augusto Fontes, 2022. "Economic growth and inequality tradeoffs under progressive taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    6. Peterman, William B., 2013. "Determining the motives for a positive optimal tax on capital," Journal of Economic Dynamics and Control, Elsevier, vol. 37(1), pages 265-295.
    7. Chakraborty, Indraneel & Holter, Hans A. & Stepanchuk, Serhiy, 2015. "Marriage stability, taxation and aggregate labor supply in the U.S. vs. Europe," Journal of Monetary Economics, Elsevier, vol. 72(C), pages 1-20.
    8. Brant Abbott & Giovanni Gallipoli, 2017. "Human Capital Spillovers and the Geography of Intergenerational Mobility," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 208-233, April.
    9. Guner, Nezih & Ventura, Gustavo & Kaygusuz, Remzi, 2012. "Income Taxation of U.S. Households: Facts and Parametric Estimates," CEPR Discussion Papers 9078, Centre for Economic Policy Research.
    10. Thomas Hintermaier & Winfried Koeniger, 2018. "Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission," CESifo Working Paper Series 7088, CESifo.
    11. Hans A. Holter & Dirk Krueger & Serhiy Stepanchuk, 2014. "How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves?," PIER Working Paper Archive 14-039, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 09 Nov 2014.
    12. Dirk Krueger & Alexander Ludwig, 2015. "On the Optimal Provision of Social Insurance: Progressive Taxation versus Education Subsidies in General Equilibrium," NBER Working Papers 21538, National Bureau of Economic Research, Inc.
    13. Takahashi, Shuhei & Yamada, Ken, 2022. "Understanding international differences in the skill premium: The role of capital taxes and transfers," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    14. Luduvice, André Victor Doherty, 2024. "The macroeconomic effects of universal basic income programs," Journal of Monetary Economics, Elsevier, vol. 148(C).
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    5. Lee, Seungcheol & Luetticke, Ralph & Ravn, Morten O., 2021. "Financial frictions: micro vs macro volatility," Working Paper Series 2622, European Central Bank.
    6. Hryshko, Dmytro & Juhn, Chinhui & McCue, Kristin, 2017. "Trends in earnings inequality and earnings instability among U.S. couples: How important is assortative matching?," Labour Economics, Elsevier, vol. 48(C), pages 168-182.
    7. Makoto Nakajima, 2015. "Credit, Bankruptcy, and Aggregate Fluctuations," 2015 Meeting Papers 833, Society for Economic Dynamics.
    8. Paz-Pardo, Gonzalo, 2021. "Homeownership and portfolio choice over the generations," Working Paper Series 2522, European Central Bank.
    9. Hu, Zihao & Zhang, Dong & Xiong, Xueping, 2025. "Motivation, cognition, and capacity: How income risk shapes retirement saving in an aging society," International Review of Economics & Finance, Elsevier, vol. 102(C).
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    12. Carlos Carrillo-Tudela & Fraser Summerfield & Ludo Visschers, 2025. "Workers' Task and Employer Mobility over the Business Cycle," Edinburgh School of Economics Discussion Paper Series 315, Edinburgh School of Economics, University of Edinburgh.
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    20. Serdar Ozkan & Jae Song & Fatih Karahan & Fatih Guvenen, 2015. "What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?," 2015 Meeting Papers 1183, Society for Economic Dynamics.
    21. Elin Halvorsen & Hans Holter & Serdar Ozkan & Kjetil Storesletten, 2022. "Dissecting Idiosyncratic Earnings Risk," Working Papers 2022-024, Federal Reserve Bank of St. Louis, revised 02 Mar 2023.
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    35. Alisdair McKay & Christian K. Wolf, 2023. "Monetary Policy and Inequality," Journal of Economic Perspectives, American Economic Association, vol. 37(1), pages 121-144, Winter.
    36. Janet Gao & Wenting Ma & Qiping Xu, 2023. "Access to Financing and Racial Pay Gap Inside Firms," Working Papers 23-36, Center for Economic Studies, U.S. Census Bureau.
    37. Yunho Cho & James Morley & Aarti Singh, 2024. "Did marginal propensities to consume change with the housing boom and bust?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(1), pages 174-199, January.
    38. Gajendran Raveendranathan & Georgios Stefanidis, 2020. "The Unprecedented Fall in U.S. Revolving Credit," Department of Economics Working Papers 2020-05, McMaster University.
    39. Findeisen, Sebastian & Sachs, Dominik, 2017. "Redistribution and insurance with simple tax instruments," Journal of Public Economics, Elsevier, vol. 146(C), pages 58-78.
    40. Kartik B. Athreya & Ryan Mather & Jose Mustre-del-Rio & Juan M. Sanchez, 2020. "The Effects of Macroeconomic Shocks: Household Financial Distress Matters," Research Working Paper RWP 20-13, Federal Reserve Bank of Kansas City, revised 04 Jan 2024.
    41. Yuanchen Cai & Pablo Guerron-Quintana, 2025. "Lopsided Interest Rates in International Borrowing Markets," Boston College Working Papers in Economics 1088, Boston College Department of Economics.
    42. John Y. Campbell & Nuno Clara & João F. Cocco, 2020. "Structuring Mortgages for Macroeconomic Stability," NBER Working Papers 27676, National Bureau of Economic Research, Inc.
    43. Gajendran Raveendranathan & Kyle Herkenhoff, 2019. "Who Bears the Welfare Costs of Monopoly? The Case of the Credit Card Industry," 2019 Meeting Papers 67, Society for Economic Dynamics.
    44. Lars Ljungvist & Thomas Sargent, 2014. "Career Length: Effects of Curvature of Earnings Profiles, Earnings Shocks, Taxes, and Social Security," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(1), pages 1-20, January.
    45. Pora, Pierre & Wilner, Lionel, 2020. "A decomposition of labor earnings growth: Recovering Gaussianity?," Labour Economics, Elsevier, vol. 63(C).
    46. Benjamin Friedrich & Lisa Laun & Costas Meghir, 2022. "Earnings dynamics of immigrants and natives in Sweden 1985–2016," Quantitative Economics, Econometric Society, vol. 13(4), pages 1803-1847, November.
    47. Danilo Cascaldi-Garcia & Deepa Dhume Datta & Thiago Revil T. Ferreira & Olesya V. Grishchenko & Mohammad R. Jahan-Parvar & Juan M. Londono & Francesca Loria & Sai Ma & Marius del Giudice Rodriguez & J, 2020. "What is Certain about Uncertainty?," International Finance Discussion Papers 1294, Board of Governors of the Federal Reserve System (U.S.).
      • Danilo Cascaldi-Garcia & Cisil Sarisoy & Juan M. Londono & Bo Sun & Deepa D. Datta & Thiago Ferreira & Olesya Grishchenko & Mohammad R. Jahan-Parvar & Francesca Loria & Sai Ma & Marius Rodriguez & Ilk, 2023. "What Is Certain about Uncertainty?," Journal of Economic Literature, American Economic Association, vol. 61(2), pages 624-654, June.
    48. José-Elías Gallegos, 2024. "HANK beyond FIRE: Amplification, forward guidance, and belief shocks," Working Papers 2418, Banco de España.
    49. Alisdair McKay & Ricardo Reis, 2018. "Countercyclical fiscal policy in a low r∗ world," 2018 Meeting Papers 621, Society for Economic Dynamics.
    50. Kartik B. Athreya & Ryan Mather & Jose Mustre-del-Rio & Juan M. Sanchez, 2020. "Household Financial Distress and the Burden of 'Aggregate' Shocks," Working Paper 20-12, Federal Reserve Bank of Richmond.
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    196. Alisdair McKay & Emi Nakamura & Jón Steinsson, 2017. "The Discounted Euler Equation: A Note," Economica, London School of Economics and Political Science, vol. 84(336), pages 820-831, October.
    197. Krueger, D. & Mitman, K. & Perri, F., 2016. "Macroeconomics and Household Heterogeneity," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 843-921, Elsevier.
    198. Yosef Bonaparte & George M. Korniotis & Alok Kumar & Alexander Michaelides & Yuxin Zhang, 2025. "Stock Market Ownership Transitions," Management Science, INFORMS, vol. 71(6), pages 4977-5000, June.
    199. Jialu Shen, 2024. "Countercyclical Risks, Consumption, and Portfolio Choice: Theory and Evidence," Management Science, INFORMS, vol. 70(5), pages 2862-2881, May.
    200. Azzimonti, Marina & Yared, Pierre, 2019. "The optimal public and private provision of safe assets," Journal of Monetary Economics, Elsevier, vol. 102(C), pages 126-144.
    201. Ran Gu, 2023. "Human Capital and the Business Cycle Effects on the Postgraduate Wage Premium," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 48, pages 345-376, April.
    202. Farmer, Leland & Toda, Alexis Akira, 2016. "Discretizing Nonlinear, Non-Gaussian Markov Processes with Exact Conditional Moments," MPRA Paper 78981, University Library of Munich, Germany.
    203. Inkmann, Joachim, 2024. "Aggregate portfolio choice," Journal of Empirical Finance, Elsevier, vol. 77(C).
    204. Karl Harmenberg & Raysa Lizarraga, 2025. "Earnings dynamics and top-earnings inequality," Working Papers 01/2025, Centre for Household Finance and Macroeconomic Research (HOFIMAR), BI Norwegian Business School.
    205. Scott R. Baker & Nicholas Bloom & Stephen J. Terry, 2020. "Using Disasters to Estimate the Impact of Uncertainty," NBER Working Papers 27167, National Bureau of Economic Research, Inc.
    206. Krebs, Tom, 2022. "Economic consequences of a sudden stop of energy imports: The case of natural gas in Germany," ZEW Discussion Papers 22-021, ZEW - Leibniz Centre for European Economic Research, revised 2022.
    207. Catherine, Sylvain, 2022. "Keeping options open: What motivates entrepreneurs?," Journal of Financial Economics, Elsevier, vol. 144(1), pages 1-21.
    208. Altig, David & Barrero, Jose Maria & Bloom, Nicholas & Davis, Steven J. & Meyer, Brent & Parker, Nicholas, 2022. "Surveying business uncertainty," Journal of Econometrics, Elsevier, vol. 231(1), pages 282-303.
    209. Reto Foellmi & Isabel Z. Martínez, 2018. "Inequality in Switzerland: A Haven of Stability?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 19(02), pages 19-25, July.
    210. Jorge Eduardo Camusso & Ana Inés Navarro, 2021. "Asymmetries in aggregate income risk over the business cycle: evidence from administrative data of Argentina," Asociación Argentina de Economía Política: Working Papers 4447, Asociación Argentina de Economía Política.

  33. Fatih Guvenen & Anthony Smith, 2013. "Inferring labor income risk and partial insurance from economic choices," Staff Report 485, Federal Reserve Bank of Minneapolis.

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    1. Berk Yavuzoglu, 2018. "Labor Force Attachment Beyond Normal Retirement Age," Working Papers 1803, Nazarbayev University, Department of Economics, revised Nov 2018.
    2. Yulei Luo & Jun Nie & Gaowang Wang & Eric Young, 2014. "What we don’t know doesn’t hurt us: rational inattention and the permanent income hypothesis in general equilibrium," Research Working Paper RWP 14-14, Federal Reserve Bank of Kansas City.
    3. Scott Drewianka & Phillip Oberg, 2025. "Earnings risk and heterogeneous expected earnings profiles," Quantitative Economics, Econometric Society, vol. 16(3), pages 859-897, July.
    4. Daniel Jonas Schmidt, "undated". "Property transfer taxes, residential mobility, and welfare," Tinbergen Institute Discussion Papers 22-042/VI, Tinbergen Institute.
    5. Eleanor W. Dillon, 2018. "Risk and Return Trade-Offs in Lifetime Earnings," Journal of Labor Economics, University of Chicago Press, vol. 36(4), pages 981-1021.
    6. Serdar Ozkan & Jae Song & Fatih Karahan & Fatih Guvenen, 2015. "What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?," 2015 Meeting Papers 1183, Society for Economic Dynamics.
    7. Guiso, Luigi & Pistaferri, Luigi & Fagereng, Andreas, 2016. "Back to background risk?," CEPR Discussion Papers 11051, Centre for Economic Policy Research.
    8. Harry ter Rele & Carolijn de Kok & Nicoleta Ciurila & Peter Zwaneveld, 2021. "Optimizing the life cycle path of pension premium payments and the pension ambition in the Netherlands," CPB Discussion Paper 421, CPB Netherlands Bureau for Economic Policy Analysis.
    9. David Berger & Veronica Guerrieri & Guido Lorenzoni & Joseph Vavra, 2015. "House Prices and Consumer Spending," NBER Working Papers 21667, National Bureau of Economic Research, Inc.
    10. Mengus, Eric & Roberto Pancrazi, "undated". "The Inequality Accelerator," Economic Research Papers 270216, University of Warwick - Department of Economics.
    11. Callum Jones, 2018. "Household Leverage and the Recession," 2018 Meeting Papers 933, Society for Economic Dynamics.
    12. Yang, Guanyi, 2018. "Endogenous Skills and Labor Income Inequality," MPRA Paper 89638, University Library of Munich, Germany.
    13. Christopher D. Carroll & Edmund Crawley & Jiri Slacalek & Kiichi Tokuoka & Matthew N. White, 2020. "Sticky Expectations and Consumption Dynamics," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(3), pages 40-76, July.
    14. Giulio Fella & Serafín Frache & Winfried Koeniger, 2016. "Buffer-stock saving and households' response to income shocks," Documentos de trabajo 2016001, Banco Central del Uruguay.
    15. Corina Boar, 2021. "Dynastic Precautionary Savings [“Deconstructing Life Cycle Expenditure”]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(6), pages 2735-2765.
    16. John Carter Braxton & Kyle F. Herkenhoff & Jonathan Rothbaum & Lawrence Schmidt, 2021. "Changing Income Risk across the US Skill Distribution: Evidence from a Generalized Kalman Filter," Opportunity and Inclusive Growth Institute Working Papers 55, Federal Reserve Bank of Minneapolis.
    17. Ma, Qingyin & Stachurski, John & Toda, Alexis Akira, 2020. "The income fluctuation problem and the evolution of wealth," Journal of Economic Theory, Elsevier, vol. 187(C).
    18. Bayer, Christian & Kuhn, Moritz, 2018. "Which Ladder to Climb? Wages of Workers by Job, Plant, and Education," IZA Discussion Papers 11827, IZA Network @ LISER.
    19. Marios Karabarbounis, 2020. "A Life-Cycle Model with Individual Volatility Dynamics," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 4, pages 159-171.
    20. Luo, Yulei & Nie, Jun & Young, Eric, 2017. "Robustness, Low Risk-Free Rates, and Consumption Volatility in General Equilibrium," MPRA Paper 80046, University Library of Munich, Germany.
    21. Itzhak Ben-David & Elyas Fermand & Camelia M. Kuhnen & Geng Li, 2018. "Expectations Uncertainty and Household Economic Behavior," NBER Working Papers 25336, National Bureau of Economic Research, Inc.
    22. Ghosh, Anisha & Theloudis, Alexandros, 2023. "Consumption Partial Insurance in the Presence of Tail Income Risk," Discussion Paper 2023-024, Tilburg University, Center for Economic Research.
    23. Alexandros Theloudis, 2021. "Consumption Inequality across Heterogeneous Families," LISER Working Paper Series 2021-04, Luxembourg Institute of Socio-Economic Research (LISER).
    24. Yavuz Arslan & Bulent Guler & Burhan Kuruscu, 2020. "Credit supply driven boom-bust cycles," BIS Working Papers 885, Bank for International Settlements.
    25. Sterk, Vincent & SedlÃ¡Ä ek, Petr & Pugsley, Benjamin, 2018. "The Nature of Firm Growth," CEPR Discussion Papers 12670, Centre for Economic Policy Research.
    26. Pedroni, Marcelo & Singh, Swapnil & Stoltenberg, Christian A., 2025. "Advance information and consumption insurance: Evidence and structural estimation," Journal of Monetary Economics, Elsevier, vol. 151(C).
    27. Manuel Arellano & Stéphane Bonhomme, 2017. "Nonlinear Panel Data Methods for Dynamic Heterogeneous Agent Models," Annual Review of Economics, Annual Reviews, vol. 9(1), pages 471-496, September.
    28. David Splinter, 2022. "Income Mobility and Inequality: Adult‐Level Measures From the Us Tax Data Since 1979," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(4), pages 906-921, December.
    29. Bagliano, Fabio C. & Fugazza, Carolina & Nicodano, Giovanna, 2024. "Life-cycle risk-taking with personal disaster risk," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 378-396.
    30. Harmenberg, Karl & Öberg, Erik, 2021. "Consumption dynamics under time-varying unemployment risk," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 350-365.
    31. Sebastian Heise & Tommaso Porzio, 2019. "Spatial Wage Gaps in Frictional Labor Markets," Opportunity and Inclusive Growth Institute Working Papers 29, Federal Reserve Bank of Minneapolis.
    32. Qingyin Ma & John Stachurski & Alexis Akira Toda, 2018. "The Income Fluctuation Problem with Capital Income Risk: Optimality and Stability," Papers 1812.01320, arXiv.org.
    33. Lealand Morin & Ying Shang, 2021. "Federal Reserve policy after the zero lower bound: an indirect inference approach," Empirical Economics, Springer, vol. 60(4), pages 2105-2124, April.
    34. Kovacs, Agnes & Rondinelli, Concetta & Trucchi, Serena, 2021. "Permanent versus transitory income shocks over the business cycle," European Economic Review, Elsevier, vol. 139(C).
    35. Bulent Guler & Yasin Kürsat Önder & Mauricio Villamizar-Villegas & Jose Villegas, 2024. "Consumer Debt Moratoria," Borradores de Economia 1276, Banco de la Republica de Colombia.
    36. Christophe Gouel & Nicolas Legrand, 2022. "The Role of Storage in Commodity Markets: Indirect Inference Based on Grains Data," Working Papers 2022-04, CEPII research center.
    37. Corina Boar, 2017. "Dynastic Precautionary Savings," 2017 Meeting Papers 343, Society for Economic Dynamics.
    38. Jess Benhabib & Alberto Bisin, 2016. "Skewed Wealth Distributions: Theory and Empirics," NBER Working Papers 21924, National Bureau of Economic Research, Inc.
    39. Luigi Guiso & Luigi Pistaferri, 2020. "The insurance role of the firm," EIEF Working Papers Series 2001, Einaudi Institute for Economics and Finance (EIEF), revised Jan 2020.
    40. Christina Patterson, 2019. "The Matching Multiplier and the Amplification of Recessions," 2019 Meeting Papers 95, Society for Economic Dynamics.
    41. Krueger, Dirk & Malkov, Egor & Perri, Fabrizio, 2024. "How do households respond to income shocks?," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
    42. Richard Blundell & Christopher R. Bollinger & Charles Hokayem & James P. Ziliak, 2024. "Interpreting Cohort Profiles of Lifecycle Earnings Volatility," Working Papers 24-21, Center for Economic Studies, U.S. Census Bureau.
    43. Bayer, Christian & Kuhn, Moritz, 2023. "Job Levels and Wages," IZA Discussion Papers 16177, IZA Network @ LISER.
    44. Luo, Yulei & Nie, Jun & Wang, Gaowang & Young, Eric, 2017. "Rational Inattention and the Dynamics of Consumption and Wealth in General Equilibrium," MPRA Paper 80045, University Library of Munich, Germany.
    45. Robert M. Sauer & Christopher R. Taber, 2017. "Indirect Inference with Importance Sampling: An Application to Women’s Wage Growth," NBER Working Papers 23669, National Bureau of Economic Research, Inc.
    46. Fatih Guvenen & Serdar Ozkan & Rocio Madera, 2024. "Consumption Dynamics and Welfare under Non-Gaussian Earnings Risk," CESifo Working Paper Series 11135, CESifo.
    47. Arlene Wong, 2021. "Refinancing and The Transmission of Monetary Policy to Consumption," Working Papers 2021-57, Princeton University. Economics Department..
    48. Zhao, Zhiqi & Tang, Yunjie, 2024. "What does housing collateral mean for Hong Kong economy? From the perspective of modelling and policy implication," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 667-684.
    49. Melanie Morten, 2016. "Temporary Migration and Endogenous Risk Sharing in Village India," NBER Working Papers 22159, National Bureau of Economic Research, Inc.
    50. Rebelo, Sérgio & Eichenbaum, Martin & Wong, Arlene, 2018. "State Dependent Effects of Monetary Policy: the Refinancing Channel," CEPR Discussion Papers 13223, Centre for Economic Policy Research.
    51. Ivan Lagrosa, 2022. "Income dynamics in dual labor markets," Working Papers wp2022_2209, CEMFI.
    52. Erik Hurst & Benjamin J. Keys & Amit Seru & Joseph Vavra, 2016. "Regional Redistribution through the US Mortgage Market," American Economic Review, American Economic Association, vol. 106(10), pages 2982-3028, October.
    53. Bayer, Christian & Kuhn, Moritz, 2019. "Which Ladder to Climb? Decomposing Life Cycle Wage Dynamics," IZA Discussion Papers 12473, IZA Network @ LISER.
    54. Karen Clay & Peter Juul Egedes & Casper Worm Hansen & Peter Sandholt Jensen, 2018. "Controlling Tuberculosis? Evidence from the Mother of all Community-Wide Health Experiments," Discussion Papers 18-03, University of Copenhagen. Department of Economics.
    55. Hryshko, Dmytro, 2014. "Correlated income shocks and excess smoothness of consumption," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 41-62.
    56. Christian Stoltenberg & Arne Uhlendorff, 2022. "Consumption Choices and Earnings Expectations: Empirical Evidence and Structural Estimation," Tinbergen Institute Discussion Papers 22-049/VI, Tinbergen Institute.
    57. Thomas F. Crossley & Peter Levell & Stavros Poupakis, 2022. "Regression with an imputed dependent variable," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(7), pages 1277-1294, November.
    58. Coen-Pirani, Daniele & Sieg, Holger, 2019. "The impact of the Tax Cut and Jobs Act on the spatial distribution of high productivity households and economic welfare," Journal of Monetary Economics, Elsevier, vol. 105(C), pages 44-71.
    59. Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2021. "What Do Data on Millions of U.S. Workers Reveal About Lifecycle Earnings Dynamics?," Econometrica, Econometric Society, vol. 89(5), pages 2303-2339, September.
    60. Bradley L. Hardy & Elizabeth Krause & James P. Ziliak, 2024. "Income inequality in the United States, 1975–2022," Fiscal Studies, John Wiley & Sons, vol. 45(2), pages 155-171, June.
    61. Engbom, Niklas & Moser, Christian, 2020. "Firm Pay Dynamics," MPRA Paper 98477, University Library of Munich, Germany.
    62. Yongsung Chang & Jay H. Hong & Marios Karabarbounis & Yicheng Wang, 2020. "Income Volatility and Portfolio Choices," Working Paper 20-01, Federal Reserve Bank of Richmond.
    63. Krueger, Dirk & Malkov, Egor & Perri, Fabrizio, 2024. "Reprint of: How do households respond to income shocks?," Journal of Economic Dynamics and Control, Elsevier, vol. 169(C).
    64. Adegboro, Opeyemi Oluwole & Orekoya, Samuel & Adekunle, Wasiu, 2019. "An Assessment of the Stability and Diversity of the Nigerian Financial Service Sector," MPRA Paper 100995, University Library of Munich, Germany.
    65. Maksym Bryukhanov & Dmytro Hryshko, 2024. "Inequality in Russia over time and over the life cycle," Scandinavian Journal of Economics, Wiley Blackwell, vol. 126(2), pages 289-319, April.
    66. Meenagh, David & Minford, Patrick & Zhao, Zhiqi, 2021. "Should Hong Kong switch to Taylor Rule? Evidence from DSGE Model," Cardiff Economics Working Papers E2021/13, Cardiff University, Cardiff Business School, Economics Section.
    67. Marcelo Pedroni & Swapnil Singh & Christian Stoltenberg, 2022. "Advance Information and Consumption Insurance: Evidence from Panel Data," Tinbergen Institute Discussion Papers 22-032/VI, Tinbergen Institute.
    68. Dirk Krueger & Egor Malkov & Fabrizio Perri, 2023. "How Do Households Respond to Income Shocks?," Staff Report 655, Federal Reserve Bank of Minneapolis.
    69. Michal Mešťan & Ivan Králik & Matej Žofaj & Nikola Karkošiaková & Audrius Kabašinskas, 2021. "Projections of pension benefits in supplementary pension saving scheme in Slovakia," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 29(2), pages 687-712, June.
    70. Peter Ganong & Damon Jones & Pascal Noel & Diana Farrell & Fiona Greig & Chris Wheat, 2020. "Wealth, Race, and Consumption Smoothing of Typical Income Shocks," Working Papers 2020-49, Becker Friedman Institute for Research In Economics.
    71. Santaeulàlia-Llopis, Raül ; Zheng, Yu, 2016. "The Price of Growth: Consumption Insurance in China 1989-2009," Economics Working Papers ECO2016/13, European University Institute.
    72. Hong, Seungki, 2023. "MPCs in an emerging economy: Evidence from Peru," Journal of International Economics, Elsevier, vol. 140(C).
    73. Luo, Yulei & Nie, Jun & Young, Eric, 2015. "Robust Permanent Income in General Equilibrium," MPRA Paper 63985, University Library of Munich, Germany.
    74. Christoph Basten & Andreas Fagereng & Kjetil Telle, 2016. "Saving and Portfolio Allocation Before and After Job Loss," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(2-3), pages 293-324, March.
    75. Miranda-Pinto, Jorge & Murphy, Daniel & Walsh, Kieran James & Young, Eric R., 2025. "A model of expenditure shocks," Journal of Monetary Economics, Elsevier, vol. 154(C).
    76. Corina Boar, 2020. "Dynastic Precautionary Savings," NBER Working Papers 26635, National Bureau of Economic Research, Inc.
    77. Victoria Gregory & Guido Menzio & David Wiczer, 2021. "The Alpha Beta Gamma of the Labor Market," Department of Economics Working Papers 21-02, Stony Brook University, Department of Economics.
    78. Swapnil Singh & Christian A. Stoltenbergz, 2018. "How Much Do Households Really Know About Their Future Income?," Bank of Lithuania Working Paper Series 55, Bank of Lithuania.
    79. Iourii Manovskii & Dmytro Hryshko & Moira Daly, 2015. "Reconciling Estimates of Earnings Processes in Growth Rates and Levels," 2015 Meeting Papers 1395, Society for Economic Dynamics.
    80. Gizem Kosar & Wilbert van der Klaauw, 2023. "Workers’ Perceptions of Earnings Growth and Employment Risk," CESifo Working Paper Series 10300, CESifo.
    81. Orazio Attanasio & Kieran Larkin & Morten O. Ravn & Mario Padula, 2022. "(S)Cars and the Great Recession," Econometrica, Econometric Society, vol. 90(5), pages 2319-2356, September.
    82. Fatih Guvenen & Fatih Karahan & Serdar Ozkan, 2018. "Consumption and Savings Under Non-Gaussian Income Risk," 2018 Meeting Papers 314, Society for Economic Dynamics.
    83. Mariacristina De Nardi & Giulio Fella & Gonzalo Paz Pardo, 2018. "Nonlinear Household Earnings Dynamics, Self-insurance, and Welfare," NBER Working Papers 24326, National Bureau of Economic Research, Inc.
    84. Mykola Pinchuk, 2023. "Labor Income Risk and the Cross-Section of Expected Returns," Papers 2301.09173, arXiv.org.
    85. Yongsung Chang & Jay H. Hong & Marios Karabarbounis, 2014. "Labor-Market Uncertainty and Portfolio Choice Puzzles," Working Paper 14-13, Federal Reserve Bank of Richmond.
    86. Jean-Jacques Forneron, 2019. "A Sieve-SMM Estimator for Dynamic Models," Papers 1902.01456, arXiv.org, revised Jan 2023.
    87. Philippon, Thomas & Midrigan, Virgiliu, 2016. "Household Leverage and the Recession," CEPR Discussion Papers 11407, Centre for Economic Policy Research.
    88. Joseph Altonji & Disa Hynsjo & Ivan Vidangos, 2023. "Individual Earnings and Family Income: Dynamics and Distribution," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 225-250, July.
    89. Niyousha Hosseinichimeh & Hazhir Rahmandad & Mohammad S. Jalali & Andrea K. Wittenborn, 2016. "Estimating the parameters of system dynamics models using indirect inference," System Dynamics Review, System Dynamics Society, vol. 32(2), pages 154-178, April.
    90. Czellar, Veronika & Garcia, René & Le Grand, François, 2025. "Uncovering asset market participation from household consumption and income," Journal of Econometrics, Elsevier, vol. 248(C).
    91. Zhiqi Zhao & Kefeng Kuang & Yunjie Tang & David Meenagh & Zheyi Zhu, 2025. "How Much Price Stickiness in Hong Kong? —Evidence from Small Open Economy DSGE and Indirect Inference," Open Economies Review, Springer, vol. 36(3), pages 921-945, July.
    92. Druedahl, Jeppe & Munk-Nielsen, Anders, 2018. "Identifying heterogeneous income profiles using covariances of income levels and future growth rates," Journal of Economic Dynamics and Control, Elsevier, vol. 94(C), pages 24-42.
    93. Sarah Meyer & Mark Trede, 2016. "Explosive earnings dynamics: Whoever has will be given more," CQE Working Papers 4716, Center for Quantitative Economics (CQE), University of Muenster.
    94. Christina Patterson, 2022. "The Matching Multiplier and the Amplification of Recessions," Working Papers 22-20, Center for Economic Studies, U.S. Census Bureau.
    95. Shuowen Chen, 2022. "Indirect Inference for Nonlinear Panel Models with Fixed Effects," Papers 2203.10683, arXiv.org, revised Apr 2022.
    96. Ma, Qingyin & Toda, Alexis Akira, 2022. "Asymptotic linearity of consumption functions and computational efficiency," Journal of Mathematical Economics, Elsevier, vol. 98(C).
    97. Alejandro Badel & Mark Huggett, 2014. "Interpreting Life Cycle Inequality Patterns as an Efficient Allocation: Mission Impossible?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 613-629, October.
    98. Yang, Guanyi, 2025. "Better late than never: Macroeconomic impact of intermittent college enrollment and tuition subsidies," Journal of Economic Dynamics and Control, Elsevier, vol. 181(C).
    99. Christopher Busch & David Domeij & Fatih Guvenen & Rocio Madera, 2018. "Asymmetric Business-Cycle Risk and Social Insurance," NBER Working Papers 24569, National Bureau of Economic Research, Inc.
    100. Christian A. Stoltenberg & Swapnil Singh, 2020. "Consumption insurance with advance information," Quantitative Economics, Econometric Society, vol. 11(2), pages 671-711, May.
    101. Luigi Bocola & Alessandro Dovis, 2016. "Self-Fulfilling Debt Crises: A Quantitative Analysis," NBER Working Papers 22694, National Bureau of Economic Research, Inc.

  34. Fatih Guvenen & Michelle Rendall, 2013. "Women's emancipation through education: a macroeconomic analysis," Working Papers 704, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Andrew Shephard, 2019. "Marriage market dynamics, gender, and the age gap," PIER Working Paper Archive 19-003, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    2. Doepke, Matthias & Tertilt, Michèle, 2016. "Families in Macroeconomics," IZA Discussion Papers 9802, IZA Network @ LISER.
    3. Raquel Fernández & Joyce Cheng Wong, 2014. "Free to Leave? A Welfare Analysis of Divorce Regimes," NBER Working Papers 20251, National Bureau of Economic Research, Inc.
    4. Keller, Elisa, 2019. "Labor supply and gender differences in occupational choice," European Economic Review, Elsevier, vol. 115(C), pages 221-241.
    5. Chakraborty, Indraneel & Holter, Hans A. & Stepanchuk, Serhiy, 2015. "Marriage stability, taxation and aggregate labor supply in the U.S. vs. Europe," Journal of Monetary Economics, Elsevier, vol. 72(C), pages 1-20.
    6. Emily Moschini, 2019. "Child Care Subsidies with One- and Two-Parent Families," 2019 Meeting Papers 42, Society for Economic Dynamics.
    7. Davoine, Thomas & Mankart, Jochen, 2017. "Changes in education, wage inequality and working hours over time," Discussion Papers 38/2017, Deutsche Bundesbank.
    8. Laurie S. M. Reijnders, 2018. "Wealth, Wages, and Wedlock: Explaining the College Gender Gap Reversal," Scandinavian Journal of Economics, Wiley Blackwell, vol. 120(2), pages 537-562, April.
    9. Gobbi, Paula E., 2018. "Childcare and commitment within households," Journal of Economic Theory, Elsevier, vol. 176(C), pages 503-551.
    10. John Kennes & John Knowles, 2015. "Liberalization of Birth Control and the Unmarried Share of Births. Evidence from Single Mothers in the Marriage Market," Economics Working Papers 2015-25, Department of Economics and Business Economics, Aarhus University.
    11. Jeremy Greenwood & Nezih Guner & Guillaume Vandenbroucke, 2017. "Family Economics Writ Large," RCER Working Papers 598, University of Rochester - Center for Economic Research (RCER).
    12. Fernández, Raquel & Wong, Joyce Cheng, 2014. "Free to Leave? A Welfare Analysis of Divorce Regimes," CEPR Discussion Papers 10047, Centre for Economic Policy Research.
    13. Jialu Liu & Siqi Pei & Xiaoquan (Michael) Zhang, 2024. "Online Food Delivery Platforms and Female Labor Force Participation," Information Systems Research, INFORMS, vol. 35(3), pages 1074-1091, September.
    14. Edith Aguirre, 2019. "The (non) impact of education on marital dissolution," Discussion Papers 19/15, Department of Economics, University of York.
    15. Manuel Santos Silva & Stephan Klasen, 2021. "Gender inequality as a barrier to economic growth: a review of the theoretical literature," Review of Economics of the Household, Springer, vol. 19(3), pages 581-614, September.
    16. Nezih Guner & Christopher Rauh & Elizabeth Caucutt, 2017. "Is Marriage for White People? Incarceration and the Racial Marriage Divide," 2017 Meeting Papers 779, Society for Economic Dynamics.
    17. Nawid Siassi, 2019. "Inequality and the Marriage Gap," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 160-181, January.
    18. Naoki TAKAYAMA, 2017. "Living Arrangements and Family Formation in Japan," ESRI Discussion paper series 340, Economic and Social Research Institute (ESRI).
    19. David de la Croix & Fabio Mariani & Marion Mercier, 2023. "Driven By Institutions, Shaped By Culture: Human Capital And The Secularization Of Marriage In Italy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(4), pages 1777-1818, November.

  35. Michelle Rendall & Fatih Guvenen, 2012. "Emancipation Through Education," 2012 Meeting Papers 923, Society for Economic Dynamics.

    Cited by:

    1. Paula GOBBI, 2013. "Childcare and Commitment within Households," LIDAM Discussion Papers IRES 2013019, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    2. Paula Gobbi, 2014. "Childcare and commitment within households," 2014 Meeting Papers 633, Society for Economic Dynamics.

  36. Fatih Guvenen, 2011. "Macroeconomics With Heterogeneity: A Practical Guide," NBER Working Papers 17622, National Bureau of Economic Research, Inc.

    Cited by:

    1. Chakrabarti, Anindya S. & Mishra, Abinash & Mohaghegh, Mohsen, 2021. "Targeted interventions: Consumption dynamics and distributional effects," IIMA Working Papers WP 2021-09-02, Indian Institute of Management Ahmedabad, Research and Publication Department.
    2. Yves Achdou & Jiequn Han & Jean-Michel Lasry & Pierre-Louis Lions & Benjamin Moll, 2017. "Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach," NBER Working Papers 23732, National Bureau of Economic Research, Inc.
    3. Eugenio Caverzasi & Alberto Russo, 2018. "Toward a new microfounded macroeconomics in the wake of the crisis," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(6), pages 999-1014.
    4. Marcelo Zouain Pedroni & Sebastian Dyrda, 2016. "Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Shocks," 2016 Meeting Papers 1245, Society for Economic Dynamics.
    5. Villarreal, Francisco G., 2014. "Financial Services and Household Inequality in Mexico," MPRA Paper 57075, University Library of Munich, Germany.
    6. Davide Debortoli & Jordi Galí, 2021. "Idiosyncratic income risk and aggregate fluctuations," Economics Working Papers 1796, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2023.
    7. Ivan Werning, 2016. "Incomplete Markets and Aggregate Demand," 2016 Meeting Papers 932, Society for Economic Dynamics.
    8. Fan Wang, 2022. "An Empirical Equilibrium Model of Formal and Informal Credit Markets in Developing Countries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 224-243, October.
    9. Jukka Isohätälä & Feodor Kusmartsev & Alistair Milne & Donald Robertson, 2015. "Leverage Constraints and Real Interest Rates," Manchester School, University of Manchester, vol. 83, pages 83-109, December.
    10. Eduardo Zilberman & Anna Dos Reis, 2013. "On the Optimal Size of Public Employment," 2013 Meeting Papers 482, Society for Economic Dynamics.
    11. Jess Benhabib & Wei Cui & Jianjun Miao, 2024. "Capital income jumps and wealth distribution," Quantitative Economics, Econometric Society, vol. 15(4), pages 1197-1247, November.
    12. YiLi Chien & Yi Wen, 2019. "Don't Tax Capital---Optimal Ramsey Taxation in Heterogeneous Agent Economies with Quasi-Linear Preferences," 2019 Meeting Papers 258, Society for Economic Dynamics.
    13. Owen Freestone, 2018. "The Drivers of Life‐Cycle Wage Inequality in Australia," The Economic Record, The Economic Society of Australia, vol. 94(307), pages 424-444, December.
    14. Maximiliano Dvorkin, 2013. "Sectoral Shocks, Reallocation and Unemployment in a Model of Competitive Labor Markets," 2013 Meeting Papers 1229, Society for Economic Dynamics.
    15. Yamada, Tomoaki, 2013. "Cross-sectional Facts in Japan using Keio Household Panel Survey," MPRA Paper 49813, University Library of Munich, Germany.
    16. Qingyin Ma & John Stachurski & Alexis Akira Toda, 2018. "The Income Fluctuation Problem with Capital Income Risk: Optimality and Stability," Papers 1812.01320, arXiv.org.
    17. Villarreal, Francisco G., 2014. "Monetary Policy and Inequality in Mexico," MPRA Paper 57074, University Library of Munich, Germany.
    18. Casey O. Barkan, 2024. "Can an increase in productivity cause a decrease in production? Insights from a model economy with AI automation," Papers 2411.15718, arXiv.org.
    19. Yunmin Chen & YiLi Chien & C.C. Yang, 2017. "Implementing the Modified Golden Rule? Optimal Ramsey Capital Taxation with Incomplete Markets Revisited," Working Papers 2017-003, Federal Reserve Bank of St. Louis, revised 01 Oct 2020.
    20. Damien Nicholas Parker & Willi Semmler, 2024. "Monetary Policy and the Evolution of Wealth Disparity: An Assessment Using US Survey of Consumer Finance Data," Computational Economics, Springer;Society for Computational Economics, vol. 64(6), pages 3509-3541, December.
    21. Parro, Francisco, 2024. "Unveiling the impact of income taxes on inequality in a HACT model," Journal of Macroeconomics, Elsevier, vol. 79(C).
    22. Saito, Yuta, 2014. "Are Deep Parameters Policy-Invariant?," MPRA Paper 66236, University Library of Munich, Germany.
    23. Yang, C.C. & Zhao, Xueya & Zhu, Shenghao, 2023. "Tax progressivity and the Pareto tail of income distributions," Economics Letters, Elsevier, vol. 231(C).
    24. Chakraborty, Indraneel & Hai, Rong & Holter, Hans A. & Stepanchuk, Serhiy, 2017. "The real effects of financial (dis)integration: A multi-country equilibrium analysis of Europe," Journal of Monetary Economics, Elsevier, vol. 85(C), pages 28-45.
    25. Maurizio Bovi, 2016. "The tale of two expectations," Quality & Quantity: International Journal of Methodology, Springer, vol. 50(6), pages 2677-2705, November.
    26. Markus K. Brunnermeier & Thomas M. Eisenbach & Yuliy Sannikov, 2012. "Macroeconomics with Financial Frictions: A Survey," Levine's Working Paper Archive 786969000000000384, David K. Levine.
    27. Christian Friedrich, 2015. "Does Financial Integration Increase Welfare? Evidence from International Household-Level Data," Staff Working Papers 15-4, Bank of Canada.
    28. Janet L. Yellen, 2016. "Macroeconomic Research After the Crisis : a speech at \"The Elusive 'Great' Recovery: Causes and Implications for Future Business Cycle Dynamics\" 60th annual economic conference sponsored by the Federal Reserve Bank of Boston, Boston, Mass," Speech 915, Board of Governors of the Federal Reserve System (U.S.).
    29. Chipeniuk, Karsten O. & Katz, Nets Hawk & Walker, Todd B., 2022. "Households, auctioneers, and aggregation," European Economic Review, Elsevier, vol. 141(C).
    30. Yamada, Tomoaki, 2014. "A note on risk sharing against idiosyncratic shocks and geographic mobility in Japan," MPRA Paper 54886, University Library of Munich, Germany.
    31. Damián Pierri, 2023. "Simulations in Models with Heterogeneous Agents, Incomplete Markets and Aggregate Uncertainty," Working Papers 259, Red Nacional de Investigadores en Economía (RedNIE).
    32. Matteo Iacoviello & Marina Pavan, 2009. "Housing and Debt Over the Life Cycle and Over the Business Cycle," Boston College Working Papers in Economics 723, Boston College Department of Economics, revised 19 Sep 2011.
    33. Karsten O. Chipeniuk & Nets Hawk Katz & Todd Bruce Walker, 2022. "Households, Auctioneers, and Aggregation," CAEPR Working Papers 2022-005 Classification-E, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    34. Auster, Sarah & Kettering, Jeremy & Kochov, Asen, 2024. "Sequential trading with coarse contingencies," Journal of Economic Theory, Elsevier, vol. 220(C).
    35. Gambetti, Luca & De Giorgi, Giacomo, 2014. "Business Cycle Fluctuations and the Distribution of Consumption," CEPR Discussion Papers 10319, Centre for Economic Policy Research.
    36. Andrew G. Haldane & Arthur E. Turrell, 2019. "Drawing on different disciplines: macroeconomic agent-based models," Journal of Evolutionary Economics, Springer, vol. 29(1), pages 39-66, March.
    37. Anindya S. Chakrabarti & Abinash Mishra & Mohsen Mohaghegh, 2024. "Inequality and income mobility: the case of targeted and universal interventions in India," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 22(3), pages 781-807, September.
    38. Tao Wang, 2023. "Perceived versus Calibrated Income Risks in Heterogeneous-Agent Consumption Models," Staff Working Papers 23-59, Bank of Canada.
    39. Cherrier, Beatrice & Duarte, Pedro Garcia & Saïdi, Aurélien, 2023. "Household heterogeneity in macroeconomic models: A historical perspective," European Economic Review, Elsevier, vol. 158(C).
    40. Stephanie Ettmeier, 2022. "No Taxation without Reallocation: The Distributional Effects of Tax Changes," Discussion Papers of DIW Berlin 2022, DIW Berlin, German Institute for Economic Research.
    41. Hsu, Minchung & Yang, C.C., 2013. "Optimal linear and two-bracket income taxes with idiosyncratic earnings risk," Journal of Public Economics, Elsevier, vol. 105(C), pages 58-71.
    42. Lutz Hendricks & Oksana Leukhina, 2017. "How Risky is College Investment?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 140-163, October.
    43. Jean-Jacques Forneron, 2019. "A Scrambled Method of Moments," Papers 1911.09128, arXiv.org.
    44. Sanou Issa, 2021. "Jealousy and Wealth Inequality: The Cases of Heterogeneous Preferences and Elastic Labor Supply," Working Papers hal-03408115, HAL.
    45. Indrajit Mitra & Leonid Kogan, 2014. "Accuracy Verification for Numerical Solutions of Equilibrium Models," 2014 Meeting Papers 423, Society for Economic Dynamics.
    46. Alejandro Badel, 2015. "A Racial Inequality Trap," Working Papers 2015-34, Federal Reserve Bank of St. Louis.
    47. Ma, Qingyin & Toda, Alexis Akira, 2022. "Asymptotic linearity of consumption functions and computational efficiency," Journal of Mathematical Economics, Elsevier, vol. 98(C).
    48. Arkadiusz Florczak & Janusz Jabłonowski, 2016. "Consumption over the life cycle in Poland," NBP Working Papers 252, Narodowy Bank Polski.
    49. Christopher Busch & Rocio Madera, 2026. "The Insurance Value of Public Insurance Against Idiosyncratic Income Risk," CESifo Working Paper Series 12467, CESifo.
    50. Zuzana Mucka & Ludovit Odor, 2018. "Optimal sovereign debt: Case of Slovakia," Working Papers Working Paper No. 3/2018, Council for Budget Responsibility.
    51. Leonid Kogan & Indrajit Mitra, 2021. "Near-Rational Equilibria in Heterogeneous-Agent Models: A Verification Method," FRB Atlanta Working Paper 2021-16, Federal Reserve Bank of Atlanta.
    52. Krueger, D. & Mitman, K. & Perri, F., 2016. "Macroeconomics and Household Heterogeneity," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 843-921, Elsevier.
    53. Cavallari, Lilia & D’Addona, Stefano & Porchia, Paolo, 2025. "Demand, wealth inequality and the business cycle," Journal of Macroeconomics, Elsevier, vol. 85(C).
    54. Micheli, Martin & Schmidt, Torsten, 2015. "Welfare effects of rent control — A comparison of redistributive policies," Economic Modelling, Elsevier, vol. 48(C), pages 237-247.

  37. Fatih Guvenen & Anthony Smith, 2010. "Inferring labor income risk from economic choices: an indirect inference approach," Staff Report 450, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Carl Sanders, 2012. "Skill Uncertainty, Skill Accumulation, and Occupational Choice," 2012 Meeting Papers 633, Society for Economic Dynamics.
    2. Alexander Bick, 2011. "Life-Cycle Consumption: Can Single Agent Models Get it Right?," 2011 Meeting Papers 940, Society for Economic Dynamics.
    3. Matteo Barigozzi & Roxana Halbleib & David Veredas, 2012. "Which model to match?," Working Papers 1229, Banco de España.
    4. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2009. "Quantitative Macroeconomics with Heterogeneous Households," NBER Working Papers 14768, National Bureau of Economic Research, Inc.
    5. Jose Mustre-del-Rio, 2011. "The aggregate implications of individual labor supply heterogeneity," Research Working Paper RWP 11-09, Federal Reserve Bank of Kansas City.
    6. Blundell, Richard & Pistaferri, Luigi & Saporta-Eksten, Itay, 2012. "Consumption Inequality and Family Labor Supply," CEPR Discussion Papers 9172, Centre for Economic Policy Research.
    7. Mark Huggett & Greg Kaplan, 2012. "The Money Value of a Man," PIER Working Paper Archive 12-014, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    8. Bick, Alexander & Choi, Sekyu, 2011. "Life-cycle consumption: can single agent models get it right?," MPRA Paper 30910, University Library of Munich, Germany.
    9. Aushev, Alexander & Pesonen, Henri & Heinonen, Markus & Corander, Jukka & Kaski, Samuel, 2022. "Likelihood-free inference with deep Gaussian processes," Computational Statistics & Data Analysis, Elsevier, vol. 174(C).
    10. Matthew T. Johnson, 2010. "Borrowing Constraints, College Enrollment, and Delayed Entry," Working Papers 2011-006, Human Capital and Economic Opportunity Working Group, revised Sep 2012.
    11. Fulford, Scott L., 2015. "The surprisingly low importance of income uncertainty for precaution," European Economic Review, Elsevier, vol. 79(C), pages 151-171.
    12. Alisdair McKay, "undated". "Idiosyncratic risk, insurance, and aggregate consumption dynamics: a likelihood perspective," Boston University - Department of Economics - Working Papers Series 2013-013, Boston University - Department of Economics.
    13. Gustavsson, Magnus & Österholm, Pär, 2014. "Does the labor-income process contain a unit root? Evidence from individual-specific time series," Journal of Economic Dynamics and Control, Elsevier, vol. 47(C), pages 152-167.
    14. Hamish Low & Costas Meghir & Luigi Pistaferri, 2008. "Wage risk and employment risk over the life cycle," IFS Working Papers W08/06, Institute for Fiscal Studies.
    15. Josh Kinsler & Ronni Pavan, 2015. "The Specificity of General Human Capital: Evidence from College Major Choice," Journal of Labor Economics, University of Chicago Press, vol. 33(4), pages 933-972.
    16. Matthew T. Johnson, 2013. "Borrowing Constraints, College Enrollment, and Delayed Entry," Journal of Labor Economics, University of Chicago Press, vol. 31(4), pages 669-725.
    17. Joseph Altonji & Anthony Smith & Ivan Vidangos, 2009. "Modeling earnings dynamics," Finance and Economics Discussion Series 2009-08, Board of Governors of the Federal Reserve System (U.S.).
    18. Qingyin Ma & John Stachurski & Alexis Akira Toda, 2018. "The Income Fluctuation Problem with Capital Income Risk: Optimality and Stability," Papers 1812.01320, arXiv.org.
    19. Fatih Guvenen, 2009. "An Empirical Investigation of Labor Income Processes," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(1), pages 58-79, January.
    20. Bick, Alexander & Choi, Sekyu, 2011. "Life-Cycle Consumption: Can Single Agent Models Get it Right?," MPRA Paper 29017, University Library of Munich, Germany.
    21. Ruediger Bachmann & Jinhui Bai, 2013. "Politico-Economic Inequality and the Comovement of Government Purchases," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(4), pages 565-580, October.
    22. Feigenbaum James A. & Li Geng, 2012. "Life Cycle Dynamics of Income Uncertainty and Consumption," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(1), pages 1-49, May.
    23. Telyukova, Irina A., 2012. "Household Need for Liquidity and the Credit Card Debt Puzzle," University of California at San Diego, Economics Working Paper Series qt0ww2c04z, Department of Economics, UC San Diego.
    24. Hamish Low & Luigi Pistaferri, 2015. "Disability Insurance and the Dynamics of the Incentive Insurance Trade-Off," American Economic Review, American Economic Association, vol. 105(10), pages 2986-3029, October.
    25. Levin, Mark (Левин, Марк) & Matrosova, Ksenia (Матросова, Ксения), 2018. "Development and Research of Economic Behavior of Households in Changing Conditions [Разработка И Исследование Экономического Поведения Домохозяйств В Изменяющихся Условиях]," Working Papers 041825, Russian Presidential Academy of National Economy and Public Administration.
    26. James Feigenbaum & Geng Li, 2011. "Household income uncertainties over three decades," Finance and Economics Discussion Series 2011-25, Board of Governors of the Federal Reserve System (U.S.).
    27. Mark Huggett & Gustavo Ventura & Amir Yaron, 2007. "Sources of Lifetime Inequality," Working Papers gueconwpa~07-07-04, Georgetown University, Department of Economics.
    28. Klein, Paul & Telyukova, Irina A., 2013. "Measuring high-frequency income risk from low-frequency data," Journal of Economic Dynamics and Control, Elsevier, vol. 37(3), pages 535-542.
    29. Sarah Meyer & Mark Trede, 2012. "Eliciting earnings risk from labor and capital income," Norface Discussion Paper Series 2012039, Norface Research Programme on Migration, Department of Economics, University College London.
    30. Yi Wen, 2012. "Liquidity and welfare," Working Papers 2012-037, Federal Reserve Bank of St. Louis.
    31. Campos, Rodolfo G. & Reggio, Iliana, 2014. "Measurement error in imputation procedures," Economics Letters, Elsevier, vol. 122(2), pages 197-202.
    32. Alonso-Ortiz, Jorge, 2013. "Taxes, Transfers and the Macroeconomy," MPRA Paper 49569, University Library of Munich, Germany.
    33. Chen, Daphne & Corbae, Dean, 2011. "On the welfare implications of restricting bankruptcy information," Journal of Macroeconomics, Elsevier, vol. 33(1), pages 4-13, March.
    34. Kartik B. Athreya & Xuan S. Tam & Eric Young, 2009. "Are harsh penalties for default really better?," Working Paper 09-11, Federal Reserve Bank of Richmond.
    35. Andrés Erosa & Luisa Fuster & Gueorgui Kambourov, 2011. "Towards a micro-founded theory of aggregate labor supply," Working Papers 2011-13, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales, revised 23 Nov 2011.
    36. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2014. "Consumption and Labor Supply with Partial Insurance: An Analytical Framework," American Economic Review, American Economic Association, vol. 104(7), pages 2075-2126, July.

  38. Serdar Ozkan & Burhanettin Kuruscu & Fatih Guvenen, 2009. "Taxation of Human Capital and Cross-Country Trends in Wage Inequality," 2009 Meeting Papers 1170, Society for Economic Dynamics.

    Cited by:

    1. Fatih Guvenen & Burhanettin Kuruscu, 2010. "A Quantitative Analysis of the Evolution of the US Wage Distribution, 1970–2000," NBER Chapters, in: NBER Macroeconomics Annual 2009, Volume 24, pages 227-276, National Bureau of Economic Research, Inc.
    2. Blandin, Adam & Peterman, William B., 2019. "Taxing capital? The importance of how human capital is accumulated," European Economic Review, Elsevier, vol. 119(C), pages 482-508.
    3. Marina Mendes, 2013. "A Cross-Country Comparison of the Impact of Labor Income Tax on Female Labor Supply," Working Papers 1302, Centro de Investigacion Economica, ITAM.

  39. Bulent Guler & Fatih Guvenen & Giovanni L. Violante, 2009. "Joint-search theory: new opportunities and new frictions," Staff Report 426, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Mankart, Jochen & Oikonomou, Rigas, 2015. "Household search and the aggregate labor market," Discussion Papers 26/2015, Deutsche Bundesbank.
    2. Bobba, Matteo & Flabbi, Luca & Levy Algazi, Santiago & Tejada, Mauricio, 2019. "Labor Market Search, Informality, and On-The-Job Human Capital Accumulation," IZA Discussion Papers 12091, IZA Network @ LISER.
    3. Doepke, Matthias & Tertilt, Michèle, 2016. "Families in Macroeconomics," IZA Discussion Papers 9802, IZA Network @ LISER.
    4. Dyrda, Sebastian & Kaplan, Greg & Ríos-Rull, José-Víctor, 2024. "Living arrangements and labor market volatility of young workers," Journal of Economic Dynamics and Control, Elsevier, vol. 169(C).
    5. Ek Spector, Susanne & Holmlund, Bertil, 2010. "Family Job Search, Wage Bargaining, and Optimal Unemployment Insurance," IZA Discussion Papers 4701, IZA Network @ LISER.
    6. Sekyu Choi, 2013. "On Households and Unemployment," 2013 Meeting Papers 992, Society for Economic Dynamics.
    7. Kathrin Ellieroth, 2019. "Spousal Insurance, Precautionary Labor Supply, and the Business Cycle - A Quantitative Analysis," 2019 Meeting Papers 1134, Society for Economic Dynamics.
    8. Silvio Rendon & J. Ignacio García-Pérez, 2018. "Family Job Search and Wealth: The Added Worker Effect Revisited," 2018 Meeting Papers 503, Society for Economic Dynamics.
    9. Serena Rhee & Fatih Karahan, 2015. "Population Aging, Migration Spillovers and the Decline in Interstate Migration," 2015 Meeting Papers 1177, Society for Economic Dynamics.
    10. Martin Junge & Martin Munk & Panu Poutvaara, 2015. "International Migration of Couples," RFBerlin Discussion Paper Series 1519, ROCKWOOL Foundation Berlin (RFBerlin).
    11. Christine Braun & Charlie Nusbaum & Peter Rupert, 2017. "Dual Job Search and Migration," 2017 Meeting Papers 789, Society for Economic Dynamics.
    12. Gabriella Conti & Rita Ginja & Renata Narita, 2018. "The value of health insurance: a household job search approach," IFS Working Papers W18/20, Institute for Fiscal Studies.
    13. Rodolfo E. Manuelli & Adrian Peralta-Alva, 2011. "\\"Frictions in financial and labor markets\\": a summary of the 35th Annual Economic Policy Conference," Review, Federal Reserve Bank of St. Louis, vol. 93(July), pages 273-292.
    14. Roberto Bonilla & Alberto Trejos, 2017. "Marriage and Employment Participation with Wage Bargaining in Search Equilibrium," CESifo Working Paper Series 6543, CESifo.
    15. Choi Sekyu & Valladares-Esteban Arnau, 2018. "The marriage unemployment gap," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(1), pages 1-14, January.
    16. Salazar-Saenz,Mauricio & Robayo,Monica, 2020. "A Structural Model of the Labor Market to Understand Gender Gaps among Marginalized Roma Communities," Policy Research Working Paper Series 9398, The World Bank.
    17. van den Berg, Gerard J. & Uhlendorff, Arne & Wolf, Markus & Wolff, Joachim, 2025. "Effects of Welfare Sanctions in Couple Households," IZA Discussion Papers 18253, IZA Network @ LISER.
    18. Zaharieva, Anna, 2013. "Social welfare and wage inequality in search equilibrium with personal contacts," Labour Economics, Elsevier, vol. 23(C), pages 107-121.
    19. Jeremy Greenwood & Nezih Guner & Guillaume Vandenbroucke, 2017. "Family Economics Writ Large," RCER Working Papers 598, University of Rochester - Center for Economic Research (RCER).
    20. Nezih Guner & Yuliya Kulikova & Arnau Valladares-Esteban, 2025. "Does the Added Worker Effect Matter?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 56, April.
    21. Haomin Wang, 2018. "Intra-Household Risk Sharing and Job Search over the Business Cycle," Discussion Papers of DIW Berlin 1760, DIW Berlin, German Institute for Economic Research.
    22. Flabbi, Luca & Mabli, James, 2012. "Household Search or Individual Search: Does It Matter? Evidence from Lifetime Inequality Estimates," IZA Discussion Papers 6908, IZA Network @ LISER.
    23. Andrew Shephard, 2011. "Equilibrium Search and Tax Credit Reform," Working Papers 1336, Princeton University, Department of Economics, Center for Economic Policy Studies..
    24. Björn Nilsson, 2017. "The School-to-work transition in developing countries," Working Papers DT/2017/07, DIAL (Développement, Institutions et Mondialisation).
    25. Greg Kaplan & Sam Schulhofer-Wohl, 2012. "Understanding the Long-Run Decline in Interstate Migration," NBER Working Papers 18507, National Bureau of Economic Research, Inc.
    26. Yan Ji, 2017. "Job Search under Debt: Aggregate Implications of Student Loans," 2017 Meeting Papers 222, Society for Economic Dynamics.
    27. Bacher, Annika & Grübener, Philipp & Nord, Lukas, 2025. "Joint search over the life cycle," Journal of Monetary Economics, Elsevier, vol. 150(C).
    28. Murray-Close, Marta, 2019. "Living Far Apart Together: Dual-Career Location Constraints and Marital Noncohabitation," SocArXiv a9dc8, Center for Open Science.
    29. Jan Eeckhout, 2012. "Matching Information," 2012 Meeting Papers 835, Society for Economic Dynamics.
    30. Zaharieva, Anna, 2015. "Social contacts and referrals in a labor market with on-the-job search," Labour Economics, Elsevier, vol. 32(C), pages 27-43.
    31. Étienne Lalé, 2022. "Search and Multiple Jobholding," CIRANO Working Papers 2022s-28, CIRANO.
    32. Willemijn Van Der Straaten & Jan Rouwendal, 2011. "Why are the commuting distances of power couples so short? An analysis of the location preferences of households," ERSA conference papers ersa10p816, European Regional Science Association.
    33. Martinoty, Laurine, 2022. "Partner’s income shock and female labor supply. Evidence from the repeal of Argentina’s convertibility law," World Development, Elsevier, vol. 159(C).
    34. Stefania Marcassa, 2014. "Unemployment Duration of Spouses: Evidence From France," Post-Print hal-01078346, HAL.
    35. Zhou, Jidong, 2011. "Multiproduct search," MPRA Paper 37139, University Library of Munich, Germany.
    36. Fernández-Blanco, Javier, 2022. "Unemployment risks and intra-household insurance," Journal of Economic Theory, Elsevier, vol. 203(C).
    37. Valeria Rueda & Guillaume Wilemme, 2021. "Career Paths with a Two-Body Problem: Occupational Specialization and Geographic Mobility," Upjohn Working Papers 21-346, W.E. Upjohn Institute for Employment Research.
    38. Ilaria D'Angelis, 2024. "The Search for Parental Leave and the Early-Career Gender Wage Gap," Working Papers 2023-01, University of Massachusetts Boston, Economics Department.
    39. Mauring, Eeva, 2016. "A two-agent model of sequential search and choice," Journal of Economic Behavior & Organization, Elsevier, vol. 123(C), pages 122-137.
    40. Joanna Venator, 2022. "Dual-Earner Migration Decisions, Earnings, and Unemployment Insurance," Boston College Working Papers in Economics 1052, Boston College Department of Economics.
    41. Guler, Bulent & Taskin, Ahmet Ali, 2018. "Homeownership and unemployment: The effect of market size," Labour Economics, Elsevier, vol. 54(C), pages 191-209.
    42. Christine Braun & Charlie Nusbaum & Peter Rupert, 2021. "Labor Market Dynamics and the Migration Behavior of Married Couples," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 42, pages 239-263, October.
    43. Compton, Andrew, 2019. "A Search Theoretic Model of Part-Time Employment and Multiple Job Holdings," MPRA Paper 97003, University Library of Munich, Germany.
    44. Ji, Yan, 2021. "Job Search under Debt: Aggregate Implications of Student Loans," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 741-759.
    45. Manuel Santos Silva & Stephan Klasen, 2021. "Gender inequality as a barrier to economic growth: a review of the theoretical literature," Review of Economics of the Household, Springer, vol. 19(3), pages 581-614, September.
    46. Hanming Fang & Andrew Shephard, 2019. "Household Labor Search, Spousal Insurance, and Health Care Reform," PIER Working Paper Archive 19-019, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    47. Abrahams, Scott & Flabbi, Luca & Mabli, James, 2026. "Labor Market Dynamics and Public Assistance Programs: Evidence from an Estimated Model of SNAP Participation," IZA Discussion Papers 18392, IZA Network @ LISER.
    48. Bulent Guler, 2013. "Dual Income Couples and Interstate Migration," 2013 Meeting Papers 898, Society for Economic Dynamics.
    49. Greg Kaplan & Sam Schulhofer-Wohl, 2015. "Understanding the Long-Run Decline in Interstate Migration: Online Appendix," Working Papers 725, Federal Reserve Bank of Minneapolis.
    50. Jose Mustre-del-Rio, 2015. "Wealth and Labor Supply Heterogeneity," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(3), pages 619-634, July.
    51. Nawid Siassi, 2019. "Inequality and the Marriage Gap," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 160-181, January.
    52. Kevin X. D. Huang & Gregory W. Huffman, 2010. "A Defense of the Current US Tax Treatment of Employer-Provided Medical Insurance," Vanderbilt University Department of Economics Working Papers 1001, Vanderbilt University Department of Economics.

  40. Fatih Guvenen, 2009. "A parsimonious macroeconomic model for asset pricing," Staff Report 434, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Fousseni Chabi-Yo & Johnathan A. Loudis, 2024. "A Decomposition of Conditional Risk Premia and Implications for Representative Agent Models," Management Science, INFORMS, vol. 70(10), pages 6804-6834, October.
    2. Kraft, Holger & Seifried, Frank Thomas, 2013. "Stochastic differential utility as the continuous-time limit of recursive utility," SAFE Working Paper Series 17, Leibniz Institute for Financial Research SAFE.
    3. Eric Swanson, 2015. "A Macroeconomic Model of Equities and Real, Nominal, and Defaultable Debt," 2015 Meeting Papers 273, Society for Economic Dynamics.
    4. Choi, Paul Moon Sub & Chung, Chune Young & Kim, Dongnyoung, 2020. "Corporate tax, financial leverage, and portfolio risk," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    5. Mohammad R. Jahan‐Parvar & Xuan Liu & Philip Rothman, 2013. "Equity Returns and Business Cycles in Small Open Economies," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(6), pages 1117-1146, September.
    6. Juan Carlos Parra‐Alvarez & Olaf Posch & Andreas Schrimpf, 2022. "Peso problems in the estimation of the C‐CAPM," Quantitative Economics, Econometric Society, vol. 13(1), pages 259-313, January.
    7. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2019. "The fight-or-flight response to the Joneses and inequality," ISU General Staff Papers 201904010700001060, Iowa State University, Department of Economics.
    8. Jaccard, Ivan, 2010. "Asset pricing, habit memory, and the labor market," Working Paper Series 1163, European Central Bank.
    9. Lorenzo Menna & Patrizio Tirelli, 2021. "Risk Premiums, Nominal Rigidities, and Limited Asset Market Participation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(7), pages 1899-1921, October.
    10. James Staveley-O'Carroll & Olena M. Staveley-O'Carroll, 2016. "Impact of Pension System Structure on International Financial Capital Allocation," Working Papers 1601, College of the Holy Cross, Department of Economics.
    11. Bernard Dumas & Andrew Lyasoff, 2008. "Incomplete-Market Equilibria Solved Recursively on an Event Tree," NBER Working Papers 14629, National Bureau of Economic Research, Inc.
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    163. De Graeve, Ferre & Dossche, Maarten & Emiris, Marina & Sneessens, Henri & Wouters, Raf, 2010. "Risk premiums and macroeconomic dynamics in a heterogeneous agent model," Journal of Economic Dynamics and Control, Elsevier, vol. 34(9), pages 1680-1699, September.
    164. Kraft, Holger & Seifried, Frank Thomas, 2014. "Stochastic differential utility as the continuous-time limit of recursive utility," Journal of Economic Theory, Elsevier, vol. 151(C), pages 528-550.
    165. Andrés Schneider, 2022. "Risk‐Sharing and the Term Structure of Interest Rates," Journal of Finance, American Finance Association, vol. 77(4), pages 2331-2374, August.
    166. Kevin J. Lansing, 2011. "Asset pricing with concentrated ownership of capital," Working Paper 2011/18, Norges Bank.
    167. Harald Uhlig, 2010. "Easy EZ in DSGE," 2010 Meeting Papers 111, Society for Economic Dynamics.
    168. Gaudio, Francesco Saverio, 2025. "Stock market participation and macro-financial trends," Journal of Monetary Economics, Elsevier, vol. 156(C).
    169. Lettau, Martin & Ludvigson, Sydney & Ma, Sai, 2015. "Capital Share Risk and Shareholder Heterogeneity in U.S. Stock Pricing," CEPR Discussion Papers 10335, Centre for Economic Policy Research.
    170. Eva Carceles-Poveda, 2009. "Asset Prices and Business Cycles under Market Incompleteness," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(3), pages 405-422, July.
    171. Gregory R. Duffee, 2023. "Macroeconomic News in Asset Pricing and Reality," Journal of Finance, American Finance Association, vol. 78(3), pages 1499-1543, June.
    172. Eduard Dubin & Olesya V. Grishchenko & Vasily Kartashov, 2012. "Habit formation heterogeneity: Implications for aggregate asset pricing," Finance and Economics Discussion Series 2012-07, Board of Governors of the Federal Reserve System (U.S.).
    173. Eric Jondeau & Michael Rockinger, 2019. "Predicting Long‐Term Financial Returns: VAR versus DSGE Model—A Horse Race," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(8), pages 2239-2291, December.
    174. Alexis Akira Toda & Kieran Walsh, 2015. "Asset Pricing and the One Percent," 2015 Meeting Papers 858, Society for Economic Dynamics.
    175. Bartosz Maćkowiak & Mirko Wiederholt, 2015. "Business Cycle Dynamics under Rational Inattention," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 82(4), pages 1502-1532.
    176. Kosuke Aoki & Alexander Michaelides & Kalin Nikolov & Yuxin Zhang, 2026. "Inflation, Money Demand, and Portfolio Choice," Management Science, INFORMS, vol. 72(2), pages 853-873, February.
    177. Hubar, Sylwia & Koulovatianos, Christos & Li, Jian, 2020. "The role of labor-income risk in household risk-taking," European Economic Review, Elsevier, vol. 129(C).
    178. Denis Pelletier & Cengiz Tunc, 2019. "Endogenous Life‐Cycle Housing Investment and Portfolio Allocation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(4), pages 991-1019, June.
    179. Yuanyuan Chen & Stuart Fowler, 2016. "Hybrid Perturbation-Projection Method for Solving DSGE Asset Pricing Models," Computational Economics, Springer;Society for Computational Economics, vol. 48(4), pages 649-667, December.
    180. Dan Cao & Wenlan Luo & Guangyu Nie, 2023. "Global GDSGE Models," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 199-225, December.

  41. Fatih Guvenen & Burhanettin Kurusçu, 2009. "A quantitative analysis of the evolution of the U.S. wage distribution, 1970-2000," Staff Report 427, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Youngmin Park & Youngki Shin & Lance Lochner, 2017. "Earnings Dynamics and Returns to Skills," 2017 Meeting Papers 166, Society for Economic Dynamics.
    2. Vogel, Edgar & Ludwig, Alexander & Börsch-Supan, Axel, 2012. "Aging and pension reform: extending the retirement age and human capital formation," Working Paper Series 1476, European Central Bank.
    3. Diego Restuccia & Guillaume Vandenbroucke, 2012. "The Evolution of Education: A Macroeconomic Analysis," Working Papers tecipa-464, University of Toronto, Department of Economics.
    4. Audra J. Bowlus & Chris Robinson, 2010. "Human Capital Prices, Productivity and Growth," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20104, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    5. Guido Matias Cortes & Manuel Alejandro Hidalgo, 2015. "Changes in the Return to Skills and the Variance of Unobserved Ability," Working Paper series 15-45, Rimini Centre for Economic Analysis.
    6. Kredler, Matthias, 2014. "Experience vs. obsolescence: A vintage-human-capital model," Journal of Economic Theory, Elsevier, vol. 150(C), pages 709-739.
    7. Raquel Fonseca & Étienne Lalé & François Langot & Thepthida Sopraseuth, 2025. "The College Premium Rollercoaster and the Rebound of Lifetime Wage Growth: A Structural Analysis," CIRANO Working Papers 2025s-28, CIRANO.
    8. Michelle Rendall, 2011. "The Service Sector and Female Market Work: Europe vs US," 2011 Meeting Papers 778, Society for Economic Dynamics.
    9. Abida Naurin & Panayiotis M. Pourpourides, 2023. "On the causality between household and government spending on education: evidence from a panel of 40 countries," Empirical Economics, Springer, vol. 65(2), pages 567-585, August.
    10. Alexander Ludwig & Thomas Schelkle & Edgar Vogel, 2012. "Demographic Change, Human Capital and Welfare," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(1), pages 94-107, January.
    11. Alexis Anagnostopoulos & Orhan Erem Atesagaoglu & Eva Carceles-Poveda, 2012. "Skill-Biased Technological Change and Homeownership," Department of Economics Working Papers 12-09, Stony Brook University, Department of Economics.
    12. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2008. "The Macroeconomic Implications of Rising Wage Inequality in the United States," NBER Working Papers 14052, National Bureau of Economic Research, Inc.
    13. Julie L. Hotchkiss & Menbere Shiferaw, 2011. "Decomposing the education wage gap: everything but the kitchen sink," Review, Federal Reserve Bank of St. Louis, vol. 93(July), pages 243-272.
    14. Michelle Petersen Rendall & Andrew Rendall, 2018. "Math Matters: Education Choices and Wage Inequality," 2018 Meeting Papers 654, Society for Economic Dynamics.
    15. Fatih Guvenen & Michelle Rendall, 2013. "Women's emancipation through education: a macroeconomic analysis," Working Papers 704, Federal Reserve Bank of Minneapolis.
    16. Eberhard, Juan, 2012. "Immigration, Human Capital and the Welfare of Natives," MPRA Paper 37844, University Library of Munich, Germany.
    17. Vogel, Edgar & Ludwig, Alexander & Börsch-Supan, Axel, 2011. "Aging and Pension Reform in a Two-Region World: The Role of Human Capital," MEA discussion paper series 11246, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    18. Diego Restuccia & Guillaume Vandenbroucke, 2013. "Explaining Educational Attainment across Countries and over Time," Working Papers tecipa-469, University of Toronto, Department of Economics.
    19. Fatih Guvenen & Greg Kaplan & Jae Song, 2014. "The Glass Ceiling and The Paper Floor: Gender Differences among Top Earners, 1981-2012," NBER Working Papers 20560, National Bureau of Economic Research, Inc.
    20. Hanno Lustig & Chad Syverson & Stijn Van Nieuwerburgh, 2009. "Technological Change and the Growing Inequality in Managerial Compensation," NBER Working Papers 14661, National Bureau of Economic Research, Inc.
    21. Elisa Keller, 2013. "The Slowdown in American Educational Attainment," CEMAP Working Papers 2013_05, Durham University Business School.
    22. Dhritman Bhattacharya & Nezih Guner & Gustavo Ventura, 2013. "Distortions, Endogenous Managerial Skills and Productivity Differences," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(1), pages 11-25, January.
    23. Fatih Guvenen & Michelle Rendall, 2014. "Online Appendix to "Women's Emancipation through Education: A Macroeconomic Analysis"," Online Appendices 14-159, Review of Economic Dynamics.
    24. Wu, Chunzan, 2021. "More unequal income but less progressive taxation," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 949-968.
    25. Hyeok Jeong & Yong Kim & Iourii Manovskii, 2014. "The Price of Experience," NBER Working Papers 20457, National Bureau of Economic Research, Inc.
    26. Vasia Panousi & Ivan Vidangos & Giovanni Violante & Bradley Heim & Fatih Guvenen, 2010. "Idiosyncratic Income Risk Estimated From IRS Administrative Wage Data," 2010 Meeting Papers 108, Society for Economic Dynamics.

  42. Fatih Guvenen & Burhanettin Kuruscu, 2007. "Understanding the Evolution of the U.S. Wage Distribution: A Theoretical Analysis," NBER Working Papers 13096, National Bureau of Economic Research, Inc.

    Cited by:

    1. Fatih Guvenen & Burhanettin Kuruscu, 2010. "A Quantitative Analysis of the Evolution of the US Wage Distribution, 1970–2000," NBER Chapters, in: NBER Macroeconomics Annual 2009, Volume 24, pages 227-276, National Bureau of Economic Research, Inc.
    2. Raquel Fonseca & Étienne Lalé & François Langot & Thepthida Sopraseuth, 2025. "The College Premium Rollercoaster and the Rebound of Lifetime Wage Growth: A Structural Analysis," CIRANO Working Papers 2025s-28, CIRANO.
    3. Magnac, Thierry & Pistolesi, Nicolas & Roux, Sébastien, 2013. "Post Schooling Human Capital Investments and the Life Cycle Variance of Earnings," IZA Discussion Papers 7407, IZA Network @ LISER.
    4. Alexis Anagnostopoulos & Orhan Erem Atesagaoglu & Eva Carceles-Poveda, 2012. "Skill-Biased Technological Change and Homeownership," Department of Economics Working Papers 12-09, Stony Brook University, Department of Economics.
    5. Gomes, Renato & Lozachmeur, Jean-Marie & Pavan, Alessandro, 2017. "Differential Taxation and Occupational Choice," TSE Working Papers 17-773, Toulouse School of Economics (TSE).
    6. Wang, Tianxi & Wright, Greg C, 2014. "Techonolgical Change and the Income Distribution: Theory and Some Evidence," Economics Discussion Papers 12226, University of Essex, Department of Economics.
    7. Schäfer, Andreas, 2014. "Technological change, population dynamics, and natural resource depletion," Mathematical Social Sciences, Elsevier, vol. 71(C), pages 122-136.
    8. Kirill Borissov & Aleksey Minabutdinov & Roman Popov, 2024. "Ability Distribution and Dynamics of Wage Inequality: Unintended Consequences of Human Capital Accumulation," CER-ETH Economics working paper series 24/393, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    9. Ian Fillmore & Trevor Gallen, 2019. "Heterogeneity in Talent or in Tastes? Implications for Redistributive Taxation," 2019 Meeting Papers 94, Society for Economic Dynamics.
    10. Andrea Canidio, 2012. "The Determinants of Long-Run Inequality," CEU Working Papers 2012_10, Department of Economics, Central European University, revised 20 Mar 2012.
    11. Kyle Herkenhoff & Jeremy Lise & Guido Menzio & Gordon M. Phillips, 2024. "Production and Learning in Teams," Econometrica, Econometric Society, vol. 92(2), pages 467-504, March.
    12. Pierre Monnin, 2014. "Inflation and Income Inequality in Developed Economies," Working Papers 1401, Council on Economic Policies.
    13. Knoblach, Michael, 2019. "Skill-biased technological change, endogenous labor supply, and the skill premium," CEPIE Working Papers 03/19, Technische Universität Dresden, Center of Public and International Economics (CEPIE).

  43. Fatih Guvenen, 2007. "An empirical investigation of labor income processes," IFS Working Papers W07/13, Institute for Fiscal Studies.

    Cited by:

    1. Jäntti, Markus & Jenkins, Stephen P., 2013. "Income Mobility," IZA Discussion Papers 7730, IZA Network @ LISER.
    2. Fatih Guvenen & Burhanettin Kuruscu, 2010. "A Quantitative Analysis of the Evolution of the US Wage Distribution, 1970–2000," NBER Chapters, in: NBER Macroeconomics Annual 2009, Volume 24, pages 227-276, National Bureau of Economic Research, Inc.
    3. Juan Contreras & Joseph B. Nichols, 2010. "Consumption responses to permanent and transitory shocks to house appreciation," Finance and Economics Discussion Series 2010-32, Board of Governors of the Federal Reserve System (U.S.).
    4. Stephen Jenkins & Peter Lambert, 2011. "Robert Moffitt and Peter Gottschalk’s 1995 paper ‘Trends in the covariance structure of earnings in the US: 1969–1987’," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 9(3), pages 433-437, September.
    5. Yuri Ostrovsky, 2020. "Testing functional forms of the lifetime income process in the presence of factor loadings," Empirical Economics, Springer, vol. 59(1), pages 1-10, July.
    6. Marco Cozzi, 2019. "Has the Canadian Public Debt Been Too High? A Quantitative Assessment," Department Discussion Papers 1901, Department of Economics, University of Victoria.
    7. Scott Drewianka & Phillip Oberg, 2025. "Earnings risk and heterogeneous expected earnings profiles," Quantitative Economics, Econometric Society, vol. 16(3), pages 859-897, July.
    8. P. Jenkins, Stephen & Cappellari, Lorenzo, 2013. "Earnings and labour market volatility in Britain," ISER Working Paper Series 2013-10, Institute for Social and Economic Research.
    9. Koen Jochmans & Martin Weidner, 2019. "Inference on a distribution from noisy draws," CeMMAP working papers CWP44/19, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    10. Jiaying Gu & Roger Koenker, 2014. "Unobserved heterogeneity in income dynamics: an empirical Bayes perspective," CeMMAP working papers 43/14, Institute for Fiscal Studies.
    11. Bartzsch Nikolaus, 2008. "Precautionary Saving and Income Uncertainty in Germany – New Evidence from Microdata," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 228(1), pages 5-24, February.
    12. Fatih Guvenen & Burhanettin Kurusçu, 2006. "Ben-Porath meets skill-biased technical change: a theoretical analysis of rising inequality," Discussion Paper / Institute for Empirical Macroeconomics 144, Federal Reserve Bank of Minneapolis.
    13. Thierry Magnac & Sébastien Roux, 2021. "Heterogeneity and wage inequalities over the life cycle," Post-Print hal-04532017, HAL.
    14. Roux, Sébastien & Savignac, Frédérique, 2024. "SMEs’ financing in the aftermath of the financial and sovereign debt crises: A comparison across euro area countries," Journal of International Money and Finance, Elsevier, vol. 142(C).
    15. German Cubas & Pedro Silos, 2012. "Comparative Advantage and Risk Premia in Labor Markets," Documentos de trabajo 2012009, Banco Central del Uruguay.
    16. Broer, Tobias, 2011. "The wrong shape of insurance? What cross-sectional distributions tell us about models of consumption-smoothing," CEPR Discussion Papers 8701, Centre for Economic Policy Research.
    17. In Choi, 2014. "Unit root tests for dependent and heterogeneous micropanels," Working Papers 1404, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
    18. Mitman, Kurt & Krueger, Dirk & Perri, Fabrizio, 2016. "Macroeconomics and Household Heterogeneity," CEPR Discussion Papers 11308, Centre for Economic Policy Research.
    19. Ozan Eksi, 2023. "Traces of the past in income inequality," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 21(4), pages 815-834, December.
    20. Cristian Badarinza, 2019. "Mortgage Debt and Social Externalities," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 34, pages 43-60, October.
    21. Costanza Naguib & Patrick Gagliardini, 2023. "A Semi-nonparametric Copula Model for Earnings Mobility," Diskussionsschriften dp2302, Universitaet Bern, Departement Volkswirtschaft.
    22. Robin Jessen & Johannes König, 2023. "Hours risk and wage risk: repercussions over the life cycle," Scandinavian Journal of Economics, Wiley Blackwell, vol. 125(4), pages 956-996, October.
    23. Thomas J. Sargent & John Stachurski, 2024. "Dynamic Programming: Finite States," Papers 2401.10473, arXiv.org.
    24. Aedín Doris & Donal O’Neill & Olive Sweetman, 2013. "Identification of the covariance structure of earnings using the GMM estimator," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 11(3), pages 343-372, September.
    25. Claudio Campanale & Marcello Sartarelli, 2018. "Life-cycle Wealth Accumulation and Consumption Insurance," Working Papers. Serie AD 2018-06, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    26. Geonwoo Kim & Junkee Jeon, 2025. "Optimal Job-Switching and Portfolio Decisions with a Mandatory Retirement Date," Mathematics, MDPI, vol. 13(17), pages 1-16, September.
    27. Marco Cozzi, 2022. "Public Debt and Welfare in a Quantitative Schumpeterian Growth Model With Incomplete Markets," Department Discussion Papers 2006, Department of Economics, University of Victoria.
    28. Ni, Xinwen, 2019. "The role of medical expenses in the saving decision of elderly: a life cycle model," IRTG 1792 Discussion Papers 2019-011, Humboldt University of Berlin, International Research Training Group 1792 "High Dimensional Nonstationary Time Series".
    29. Chabé-Ferret, Sylvain, 2015. "Analysis of the bias of Matching and Difference-in-Difference under alternative earnings and selection processes," Journal of Econometrics, Elsevier, vol. 185(1), pages 110-123.
    30. Yavuz Arslan & Bulent Guler & Temel Taskin, 2020. "Price search, consumption inequality, and expenditure inequality over the life-cycle," BIS Working Papers 886, Bank for International Settlements.
    31. Blundell, Richard & Graber, Michael & Mogstad, Magne, 2014. "Labor Income Dynamics and the Insurance from Taxes, Transfers, and the Family," IZA Discussion Papers 7916, IZA Network @ LISER.
    32. Andini, Corrado, 2017. "Tertiary Education for All and Wage Inequality: Policy Insights from Quantile Regression," IZA Policy Papers 132, Institute of Labor Economics (IZA).
    33. Stéphane Bonhomme & Jean-Marc Robin, 2008. "Assessing the equalizing force of mobility using short panels: France 1990-2000," CeMMAP working papers CWP02/08, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    34. Andini, Corrado, 2014. "Persistence Bias and Schooling Returns," IZA Discussion Papers 8143, IZA Network @ LISER.
    35. Lochner, Lance & Park, Youngmin, 2024. "Earnings dynamics and intergenerational transmission of skill," Journal of Econometrics, Elsevier, vol. 243(1).
    36. Victoria Gregory, 2020. "Firms as Learning Environments: Implications for Earnings Dynamics and Job Search," Working Papers 2020-036, Federal Reserve Bank of St. Louis, revised Sep 2023.
    37. Ayşe İmrohoroğlu & Kai Zhao, 2022. "Homelessness," Working papers 2022-17, University of Connecticut, Department of Economics.
    38. Wang, Haijun, 2016. "Precautionary saving demand and consumption dynamics with the spirit of capitalism and regime switching," Journal of Mathematical Economics, Elsevier, vol. 64(C), pages 48-65.
    39. Manuel Arellano & Orazio Attanasio & Margherita Borella & Mariacristina De Nardi & Gonzalo Paz-Pardo, 2026. "Subjective Earnings and Employment Dynamics," Working Papers wp2026_2605, CEMFI.
    40. Costas Meghir & Luigi Pistaferri, 2010. "Earnings, Consumption and Lifecycle Choices," NBER Working Papers 15914, National Bureau of Economic Research, Inc.
    41. Edmond, Chris & Veldkamp, Laura, 2009. "Income dispersion and counter-cyclical markups," Journal of Monetary Economics, Elsevier, vol. 56(6), pages 791-804, September.
    42. Sun, Gang, 2013. "Complete Markets Strikes Back: Revisiting Risk Sharing Tests under Discount Rate Heterogeneity," SIRE Discussion Papers 2013-96, Scottish Institute for Research in Economics (SIRE).
    43. Cozzi, Marco, 2013. "Equilibrium Heterogeneous-Agent Models as Measurement Tools: some Monte Carlo Evidence," Queen's Economics Department Working Papers 274075, Queen's University - Department of Economics.
    44. Maurice J.G. Bun & Jasper Winter, 2022. "Capital and labor misallocation in the Netherlands," Journal of Productivity Analysis, Springer, vol. 57(1), pages 93-113, February.
    45. Alexander Bick & Adam Blandin & Richard Rogerson, 2021. "Hours and Wages," Working Papers 2022-005, Federal Reserve Bank of St. Louis.
    46. Yang, Guanyi, 2018. "Endogenous Skills and Labor Income Inequality," MPRA Paper 89638, University Library of Munich, Germany.
    47. Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2010. "Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States: 1967-2006," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(1), pages 15-51, January.
    48. Lance Lochner & Youngmin Park & Youngki Shin, 2017. "The Evolution of Unobserved Skill Returns in the U.S.: A New Approach Using Panel Data," Staff Working Papers 17-61, Bank of Canada.
    49. Robert Moffitt & Sisi Zhang, 2018. "The PSID and Income Volatility: Its Record of Seminal Research and Some New Findings," The ANNALS of the American Academy of Political and Social Science, , vol. 680(1), pages 48-81, November.
    50. Robert A. Moffitt & Sisi Zhang, 2018. "Income Volatility and the PSID: Past Research and New Results," NBER Working Papers 24390, National Bureau of Economic Research, Inc.
    51. Sun, Gang, 2013. "Consumption Inequality and Discount Rate Heterogeneity," SIRE Discussion Papers 2013-97, Scottish Institute for Research in Economics (SIRE).
    52. Cappellari, Lorenzo & Jenkins, Stephen P., 2014. "Earnings and labour market volatility in Britain, with a transatlantic comparison," LSE Research Online Documents on Economics 57302, London School of Economics and Political Science, LSE Library.
    53. Hospido, Laura, 2010. "Modelling Heterogeneity and Dynamics in the Volatility of Individual Wages," IZA Discussion Papers 4712, IZA Network @ LISER.
    54. Grey Gordon & John B. Jones & Urvi Neelakantan & Kartik Athreya, 2023. "Incarceration, Employment and Earnings: Dynamics and Differences," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 677-697, December.
    55. Damba Lkhagvasuren, 2005. "Big Locational Differences in Unemployment Despite High Labor Mobility," Working Papers 12002, Concordia University, Department of Economics, revised Feb 2012.
    56. Li Qian, 2020. "Dynamic effects of consumption tax reforms with durable consumption," The B.E. Journal of Macroeconomics, De Gruyter, vol. 20(2), pages 1-33, June.
    57. Pedro Albarrán & Raquel Carrasco & Maite Martínez-Granado, 2007. "Inequality for Wage Earners and Self-Employed: Evidence from Panel Data," Working Papers 0734, Banco de España.
    58. Enrique Mendoza, 2017. "Optimal Domestic (and External) Sovereign Default," 2017 Meeting Papers 279, Society for Economic Dynamics.
    59. Ozan EksiBy, 2017. "Lower volatility, higher inequality: are they related?," Oxford Economic Papers, Oxford University Press, vol. 69(4), pages 847-869.
    60. Marco Cozzi, 2018. "Efficiency Units of Labor: Life-Cycle Profiles Estimates from the CPS 1987-2017," Department Discussion Papers 1804, Department of Economics, University of Victoria.
    61. Mark Aguiar & Erik Hurst, 2008. "Deconstructing Lifecycle Expenditure," Working Papers wp173, University of Michigan, Michigan Retirement Research Center.
    62. Christiane Clemens & Maik Heinemann, 2010. "The Effects of International Financial Integration in a Model with Heterogeneous Firms and Credit Frictions," DEGIT Conference Papers c015_046, DEGIT, Dynamics, Economic Growth, and International Trade.
    63. Primiceri, Giorgio E. & van Rens, Thijs, 2009. "Heterogeneous life-cycle profiles, income risk and consumption inequality," Journal of Monetary Economics, Elsevier, vol. 56(1), pages 20-39, January.
    64. Postlewaite, Andrew & Krueger, Dirk & Hai, Rong, 2013. "On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods," CEPR Discussion Papers 9623, Centre for Economic Policy Research.
    65. Higgins, Tim & Sinning, Mathias, 2013. "Modeling Income Dynamics for Public Policy Design: An Application to Income Contingent Student Loans," IZA Discussion Papers 7556, IZA Network @ LISER.
    66. Corina Boar, 2021. "Dynastic Precautionary Savings [“Deconstructing Life Cycle Expenditure”]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(6), pages 2735-2765.
    67. M. Hashem Pesaran & Liying Yang, 2024. "Heterogeneous autoregressions in short T panel data models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(7), pages 1359-1378, November.
    68. Chaoran Chen & Zhigang Feng & Jiaying Gu, 2025. "Health, Health Insurance, And Inequality," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(1), pages 107-141, February.
    69. David Domeij & Martin Floden, 2010. "Inequality Trends in Sweden 1978-2004," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(1), pages 179-208, January.
    70. Sébastien Roux & Frédérique Savignac, 2017. "SMEs financing: Divergence across Euro area countries?," Working papers 654, Banque de France.
    71. Russell Cooper & Guozhong Zhu, 2016. "Household Finance over the Life-Cycle: What does Education Contribute?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 20, pages 63-89, April.
    72. Mark Huggett & Greg Kaplan, 2012. "The Money Value of a Man," PIER Working Paper Archive 12-014, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    73. Łukasz Rachel & Lawrence H. Summers, 2019. "On Secular Stagnation in the Industrialized World," NBER Working Papers 26198, National Bureau of Economic Research, Inc.
    74. Hospido, Laura, 2015. "Wage dynamics in the presence of unobserved individual and job heterogeneity," Labour Economics, Elsevier, vol. 33(C), pages 81-93.
    75. Rasmus Lentz & Suphanit Piyapromdee & Jean-Marc Robin, 2022. "The Anatomy of Sorting - Evidence from Danish Data," Working Papers hal-03869383, HAL.
    76. Bayer, Christian & Kuhn, Moritz, 2018. "Which Ladder to Climb? Wages of Workers by Job, Plant, and Education," IZA Discussion Papers 11827, IZA Network @ LISER.
    77. Gustafsson, Johan & Holmberg, Johan, 2022. "Permanent and transitory earnings dynamics and lifetime income inequality in Sweden," Umeå Economic Studies 1005, Umeå University, Department of Economics.
    78. Richard Audoly, 2024. "Self-Employment and Labor Market Risks," Staff Reports 1085, Federal Reserve Bank of New York.
    79. Marios Karabarbounis, 2020. "A Life-Cycle Model with Individual Volatility Dynamics," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 4, pages 159-171.
    80. Fuller, David L. & Kudlyak, Marianna & Lkhagvasuren, Damba, 2014. "Productivity insurance: The role of unemployment benefits in a multi-sector model," Journal of Economic Dynamics and Control, Elsevier, vol. 47(C), pages 39-53.
    81. Marco Cozzi, 2012. "Risk Aversion Heterogeneity, Risky Jobs And Wealth Inequality," Working Paper 1286, Economics Department, Queen's University.
    82. Valentina Bosetti & Marco Maffezzoli, 2013. "Taxing Carbon under Market Incompleteness," Working Papers 2013.72, Fondazione Eni Enrico Mattei.
    83. Wang, Neng, 2009. "Optimal consumption and asset allocation with unknown income growth," Journal of Monetary Economics, Elsevier, vol. 56(4), pages 524-534, May.
    84. Vincent Sterk & Petr Sedláček & Benjamin Pugsley, 2021. "The Nature of Firm Growth," American Economic Review, American Economic Association, vol. 111(2), pages 547-579, February.
    85. Gustafsson, Johan & Holmberg, Johan, 2023. "Permanent and transitory earnings dynamics and lifetime income inequality in Sweden," Labour Economics, Elsevier, vol. 85(C).
    86. Alonso, Cristian, 2018. "Hard vs. soft financial constraints: Implications for the effects of a credit crunch," Journal of Macroeconomics, Elsevier, vol. 58(C), pages 198-223.
    87. Magnac, Thierry & Pistolesi, Nicolas & Roux, Sébastien, 2013. "Post Schooling Human Capital Investments and the Life Cycle Variance of Earnings," IZA Discussion Papers 7407, IZA Network @ LISER.
    88. Kässi, Otto, 2011. "Earnings Dynamics of Men and Women in Finland: Permanent Inequality versus Earnings Instability," MPRA Paper 34301, University Library of Munich, Germany.
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    203. Graham, Liam & Wright, Stephen, 2010. "Information, heterogeneity and market incompleteness," Journal of Monetary Economics, Elsevier, vol. 57(2), pages 164-174, March.
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    210. Harenberg, Daniel & Ludwig, Alexander, 2018. "Idiosyncratic risk, aggregate risk, and the welfare effects of social security," ZEW Discussion Papers 18-016, ZEW - Leibniz Centre for European Economic Research.
    211. Raquel Fernández & Joyce Cheng Wong, 2011. "The Disappearing Gender Gap: The Impact of Divorce, Wages, and Preferences on Education Choices and Women's Work," NBER Working Papers 17508, National Bureau of Economic Research, Inc.
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  45. Fatih Guvenen & Burhanettin Kuruscu, 2006. "Understanding Wage Inequality: Ben-Porath Meets Skill-Biased Technical Change," 2006 Meeting Papers 881, Society for Economic Dynamics.

    Cited by:

    1. Fatih Guvenen & Burhanettin Kurusçu, 2006. "Ben-Porath meets skill-biased technical change: a theoretical analysis of rising inequality," Discussion Paper / Institute for Empirical Macroeconomics 144, Federal Reserve Bank of Minneapolis.
    2. José Luis Torres Chacon, 2015. "Introduction to Dynamic Macroeconomic General Equilibrium Models," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 2, number 54.
    3. Hui He, 2009. "What Drives the Skill Premium: Technological Change or Demographic Variation?," Working Papers 200911, University of Hawaii at Manoa, Department of Economics.
    4. Anelí Bongers & Carmen Díaz-Roldán & José L. Torres, 2018. "Brain Drain or Brain Gain? International labor mobility and human capital formation," Working Papers 2018-09, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center.
    5. Vasilev, Aleksandar, 2021. "A Real-Business-Cycle model with human capital accumulation: Lessons for Bulgaria (1999-2018)," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue forthcomi.
    6. Chanda, Areendam, 2008. "The rise in returns to education and the decline in household savings," Journal of Economic Dynamics and Control, Elsevier, vol. 32(2), pages 436-469, February.

  46. Fatih Guvenen & Burhanettin Kurusçu, 2006. "Ben-Porath meets skill-biased technical change: a theoretical analysis of rising inequality," Discussion Paper / Institute for Empirical Macroeconomics 144, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Favilukis, Jack, 2013. "Inequality, stock market participation, and the equity premium," Journal of Financial Economics, Elsevier, vol. 107(3), pages 740-759.
    2. Oleksiy Kryvtsov & Alexander Ueberfeldt, 2007. "Schooling, Inequality and Government Policy," Staff Working Papers 07-12, Bank of Canada.

  47. Anthony A Smith & Fatih Guvenen, 2006. "What Do Labor and Consumption Data Jointly Tell About Labor Income Risk?," 2006 Meeting Papers 500, Society for Economic Dynamics.

    Cited by:

    1. Richard Anton Braun & Huiyu Li & John Stachurski, 2009. "Computing Densities and Expectations in Stochastic Recursive Economies: Generalized Look-Ahead Techniques," CIRJE F-Series CIRJE-F-620, CIRJE, Faculty of Economics, University of Tokyo.

  48. Thomas Philippon & Fatih Guvenen, 2005. "Firm Volatility and Wage Inequality," 2005 Meeting Papers 230, Society for Economic Dynamics.

    Cited by:

    1. Yi Wen & Pengfei Wang, 2010. "Financial Development and Economic Volatility:A Unified Explanation," 2010 Meeting Papers 66, Society for Economic Dynamics.
    2. Pengfei Wang & Yi Wen & Zhiwei Xu, 2013. "Financial development and long-run volatility trends," Working Papers 2013-003, Federal Reserve Bank of St. Louis.
    3. Anna Batyra, 2013. "Are Turbulences of Sargent and Ljungqvist consistent with lower Aggregate Volatility?," GIAM Working Papers 13-2, Galatasaray University Economic Research Center.
    4. Diego Comin & Thomas Philippon, 2005. "The Rise in Firm-Level Volatility: Causes and Consequences," NBER Working Papers 11388, National Bureau of Economic Research, Inc.
    5. Shalini Mitra, 2012. "Does Financial Development Cause Higher Firm Volatility and Lower Aggregate Volatility?," Working papers 2012-07, University of Connecticut, Department of Economics.

  49. Burhanettin Kuruscu & Fatih Guvenen, 2005. "Understanding Consumption Inequality and Income Inequality: A Human Capital Approach," 2005 Meeting Papers 220, Society for Economic Dynamics.

    Cited by:

    1. Greg Kaplan & Giovanni L. Violante, 2009. "How Much Consumption Insurance Beyond Self-Insurance?," NBER Working Papers 15553, National Bureau of Economic Research, Inc.

  50. Fatih Guvenen, 2005. "Do Stockholders Share Risk More Effectively Than Non- stockholders?," Macroeconomics 0508006, University Library of Munich, Germany.

    Cited by:

    1. Guiso, Luigi & Pistaferri, Luigi & Fagereng, Andreas & Malacrino, Davide, 2016. "Heterogeneity and Persistence in Returns to Wealth," CEPR Discussion Papers 11635, Centre for Economic Policy Research.
    2. Fatih Guvenen, 2011. "Macroeconomics with hetereogeneity : a practical guide," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 97(3Q), pages 255-326.
    3. Lixin Tang, 2020. "Entrepreneur Income Inequality, Aggregate Saving and the Gains from Trade," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 273-295, October.
    4. Santos Monteiro, Paulo, 2008. "Testing Full Consumption Insurance in the Frequency Domain," The Warwick Economics Research Paper Series (TWERPS) 874, University of Warwick, Department of Economics.
    5. Kuo-Shing Chen & Chien-Chiang Lee & Huolien Tsai, 2019. "Taxation of Wealthy Individuals, Inequality Governance and Corporate Social Responsibility," Sustainability, MDPI, vol. 11(7), pages 1-23, March.
    6. Guo, Naijia & Leung, Charles Ka Yui & Zhang, Shumeng, 2025. "From pandemics to portfolios: Long-term impacts of the 2009 H1N1 outbreak on household investment choices," Journal of Economic Behavior & Organization, Elsevier, vol. 231(C).
    7. Kacperczyk, Marcin & Nosal, Jaromir & Stevens, Luminita, 2018. "Investor Sophistication and Capital Income Inequality," CEPR Discussion Papers 12870, Centre for Economic Policy Research.
    8. Gervais, Martin & Klein, Paul, 2010. "Measuring consumption smoothing in CEX data," Journal of Monetary Economics, Elsevier, vol. 57(8), pages 988-999, November.
    9. Christian Friedrich, 2015. "Does Financial Integration Increase Welfare? Evidence from International Household-Level Data," Staff Working Papers 15-4, Bank of Canada.
    10. Monteiro, Paulo Santos, "undated". "Testing Full Consumption Insurance in the Frequency Domain," Economic Research Papers 269910, University of Warwick - Department of Economics.
    11. Jonathan B. Berk & Johan Walden, 2013. "Limited Capital Market Participation and Human Capital Risk," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 3(1), pages 1-37.
    12. Khorunzhina, Natalia, 2013. "Structural estimation of stock market participation costs," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2928-2942.
    13. Lixin Tang, 2014. "Top Income Inequality, Aggregate Saving and the Gains from Trade," 2014 Papers pta581, Job Market Papers.
    14. Giacomo De Giorgi & Luca Gambetti, 2012. "Consumption Heterogenity Over the Business Cycle," UFAE and IAE Working Papers 904.12, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).

  51. Fatih Guvenen, 2004. "Learning your Earning: Are Labor Income Shocks Really That Persistent?," 2004 Meeting Papers 177, Society for Economic Dynamics.

    Cited by:

    1. Fatih Guvenen & Burhanettin Kuruscu, 2010. "A Quantitative Analysis of the Evolution of the US Wage Distribution, 1970–2000," NBER Chapters, in: NBER Macroeconomics Annual 2009, Volume 24, pages 227-276, National Bureau of Economic Research, Inc.
    2. Wang, Neng, 2004. "Precautionary saving and partially observed income," Journal of Monetary Economics, Elsevier, vol. 51(8), pages 1645-1681, November.
    3. Tom Krebs & Moritz Kuhn & Mark L. J. Wright, 2011. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," NBER Working Papers 17714, National Bureau of Economic Research, Inc.
    4. Sánchez-Marcos, Virginia & Pijoan-Mas, Josep, 2009. "Spain is Different: Falling Trends of Inequality," CEPR Discussion Papers 7489, Centre for Economic Policy Research.
    5. Scott Fulford, 2012. "The precaution of the rich and poor," Boston College Working Papers in Economics 814, Boston College Department of Economics.
    6. Blundell, Richard & Pistaferri, Luigi & Saporta-Eksten, Itay, 2012. "Consumption Inequality and Family Labor Supply," IZA Discussion Papers 6900, IZA Network @ LISER.
    7. Blundell, Richard & Low, Hamish & Preston, Ian, 2011. "Decomposing Changes in Income Risk Using Consumption Data," IZA Discussion Papers 6125, IZA Network @ LISER.
    8. Crawford, Ron, 2009. "Variations in earnings growth: evidence from earnings transitions in the NZ Linked Income Survey," ISER Working Paper Series 2009-18, Institute for Social and Economic Research.
    9. Wozniak, Abigail, 2006. "Educational Differences in the Migration Responses of Young Workers to Local Labor Market Conditions," IZA Discussion Papers 1954, IZA Network @ LISER.

  52. M. Fatih Guvenen, 2003. "A Parsimonious Macroeconomic Model for Asset Pricing: Habit Formation or Cross-sectional Heterogeneity?," RCER Working Papers 499, University of Rochester - Center for Economic Research (RCER).

    Cited by:

    1. Martin Lettau & Stijn Van Nieuwerburgh, 2006. "Reconciling the Return Predictability Evidence," 2006 Meeting Papers 29, Society for Economic Dynamics.
    2. Harald Uhlig, 2007. "Explaining Asset Prices with External Habits and Wage Rigidities in a DSGE Model," 2007 Meeting Papers 97, Society for Economic Dynamics.
    3. Stavros Panageas & Nicolae Garleanu, 2008. "Yooung, Old, Conservative and Bold: The implications of finite lives and heterogeneity for asset prices," 2008 Meeting Papers 409, Society for Economic Dynamics.
    4. Pascal St-Amour, 2004. "Ratchet vs Blasé Investors and Asset Markets," CIRANO Working Papers 2004s-11, CIRANO.
    5. Hanno Lustig & Stijn Van Nieuwerburgh, 2005. "The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street," NBER Working Papers 11564, National Bureau of Economic Research, Inc.
    6. Isaenko, Sergei, 2008. "The term structure of interest rates in a pure exchange economy where investors have heterogeneous recursive preferences," The Quarterly Review of Economics and Finance, Elsevier, vol. 48(3), pages 457-481, August.
    7. Gomes, Francisco & Michaelides, Alexander, 2005. "Asset pricing with limited risk sharing and heterogeneous agents," LSE Research Online Documents on Economics 24649, London School of Economics and Political Science, LSE Library.
    8. Kjetil Storesletten & Chris Telmer & Amir Yaron, 2007. "Asset Pricing with Idiosyncratic Risk and Overlapping Generations," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(4), pages 519-548, October.
    9. Christopher J. Gust & J. David López-Salido, 2009. "Portfolio inertia and the equity premium," International Finance Discussion Papers 984, Board of Governors of the Federal Reserve System (U.S.).
    10. Christiansen, Charlotte & Joensen, Juanna Schröter & Rangvid, Jesper, 2005. "Do More Economists Hold Stocks?," Finance Research Group Working Papers F-2005-02, University of Aarhus, Aarhus School of Business, Department of Business Studies.
    11. Hanno Lustig, "undated". "Exploring the Link between Housing and the Value Premium (joint with Stijn Van Nieuwerburgh)," UCLA Economics Online Papers 389, UCLA Department of Economics.
    12. Fatih Guvenen, 2005. "Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective," Macroeconomics 0507005, University Library of Munich, Germany.
    13. Bjørn Eraker, 2008. "Affine General Equilibrium Models," Management Science, INFORMS, vol. 54(12), pages 2068-2080, December.
    14. Jean-Pierre Danthine & John B. Donaldson & Paolo Siconolfi, 2005. "Distribution Risk and Equity Returns," Cahiers de Recherches Economiques du Département d'économie 05.10, Université de Lausanne, Faculté des HEC, Département d’économie.
    15. Fatih Guvenen, 2005. "Do Stockholders Share Risk More Effectively Than Non- stockholders?," Macroeconomics 0508006, University Library of Munich, Germany.
    16. López-Salido, J David & Gust, Christopher, 2009. "Monetary Policy, Velocity, and the Equity Premium," CEPR Discussion Papers 7388, Centre for Economic Policy Research.
    17. Huseyin Murat Ozbilgin, 2009. "Financial Market Participation and the Developing Country Business Cycle," Working Papers 0904, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    18. Mele, Antonio, 2007. "Asymmetric stock market volatility and the cyclical behavior of expected returns," Journal of Financial Economics, Elsevier, vol. 86(2), pages 446-478, November.
    19. George M. Constantinides, 2006. "Market Organization And The Prices Of Financial Assets," Manchester School, University of Manchester, vol. 74(s1), pages 1-23, September.
    20. Charlotte Christiansen & Juanna Schröter Joensen & Jesper Rangvid, 2007. "Are Economists More Likely to Hold Stocks?," CREATES Research Papers 2007-08, Department of Economics and Business Economics, Aarhus University.
    21. Rui Castro & Claudio Campanale & Gian Luca Clementi, 2007. "Asset Pricing in a General Equilibrium Production Economy with Chew-Dekel Risk Preferences," 2007 Meeting Papers 503, Society for Economic Dynamics.
    22. Minford, Patrick & Lungu, Laurian, 2005. "Explaining The Equity Risk Premium," CEPR Discussion Papers 5017, Centre for Economic Policy Research.
    23. Valery Polkovnichenko & Alexander Michaelides & Francisco Gomes, 2007. "Fiscal Policy, Asset Pricing and Economic Activity in a Savers-Spenders Economy," 2007 Meeting Papers 191, Society for Economic Dynamics.
    24. Eva de Francisco, 2005. "Limited Participation, Income Distribution and Capital Account Liberalization," Computing in Economics and Finance 2005 454, Society for Computational Economics.
    25. Pascal St-Amour, 2005. "Direct Preference for Wealth in Aggregate Household Portfolio," Cahiers de Recherches Economiques du Département d'économie 05.04, Université de Lausanne, Faculté des HEC, Département d’économie.
    26. Filippo Taddei, 2007. "Equity Premium: Interaction of Belief Heterogeneity and Distribution of Wealth?," Carlo Alberto Notebooks 67, Collegio Carlo Alberto.
    27. Stavros Panageas, 2020. "The Implications of Heterogeneity and Inequality for Asset Pricing," NBER Working Papers 26974, National Bureau of Economic Research, Inc.
    28. Walentin, Karl, 2007. "Earnings Inequality and the Equity Premium," Working Paper Series 215, Sveriges Riksbank (Central Bank of Sweden).
    29. Martin Lettau & Sydney Ludvigson, 2009. "Euler Equation Errors," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(2), pages 255-283, April.
    30. Sydney Ludvigson, 2008. "The Research Agenda: Sydney Ludvigson on Empirical Evaluation of Economic Theories of Risk Premia," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 9(2), April.
    31. Claudio Campanale & Rui Castro & Gian Luca Clementi, 2007. "Asset Pricing in a Production Economy with Chew-Dekel Preferences," Working Paper series 07_07, Rimini Centre for Economic Analysis.
    32. John Donaldson & Rajnish Mehra, 2007. "Risk Based Explanations of the Equity Premium," NBER Working Papers 13220, National Bureau of Economic Research, Inc.
    33. Luca Benzoni & Pierre Collin-Dufresne & Robert S. Goldstein, 2005. "Portfolio Choice over the Life-Cycle in the Presence of 'Trickle Down' Labor Income," NBER Working Papers 11247, National Bureau of Economic Research, Inc.
    34. YiLi Chien & Harold Cole & Hanno Lustig, 2007. "A Multiplier Approach to Understanding the Macro Implications of Household Finance," NBER Working Papers 13555, National Bureau of Economic Research, Inc.
    35. Eric R. Young & Ponpoje Porapakkarm, 2008. "Information Heterogeneity in the Macroeconomy," 2008 Meeting Papers 67, Society for Economic Dynamics.
    36. Polkovnichenko, Valery, 2004. "Limited stock market participation and the equity premium," Finance Research Letters, Elsevier, vol. 1(1), pages 24-34, March.
    37. Ludvigson, Sydney C., 2013. "Advances in Consumption-Based Asset Pricing: Empirical Tests," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, volume 2, chapter 0, pages 799-906, Elsevier.
    38. Faria, Adriano & Ornelas, Rafael & Almeida, Caio, 2016. "Empirical Selection of Optimal Portfolios and its Influence in the Estimation of Kreps-Porteus Utility Function Parameters," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 36(1), March.
    39. Pascal St-Amour, 2005. "Direct Preference Wealth in Aggregate Household Portfolios," FAME Research Paper Series rp136, International Center for Financial Asset Management and Engineering.
    40. Luca Benzoni & Pierre Collin-Dufresne & Robert S. Goldstein, 2007. "Portfolio choice over the life-cycle when the stock and labor markets are cointegrated," Working Paper Series WP-07-11, Federal Reserve Bank of Chicago.
    41. Eduard Dubin & Olesya V. Grishchenko & Vasily Kartashov, 2012. "Habit formation heterogeneity: Implications for aggregate asset pricing," Finance and Economics Discussion Series 2012-07, Board of Governors of the Federal Reserve System (U.S.).
    42. Eva de Francisco, 2005. "Limited Participation, Income Distribution and Capital-Account Liberalization: Working Paper 2005-02," Working Papers 16302, Congressional Budget Office.

  53. M. Fatih Guvenen, 2002. "Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective," RCER Working Papers 491, University of Rochester - Center for Economic Research (RCER), revised Mar 2003.

    Cited by:

    1. Bárány, Zsófia L. & Coeurdacier, Nicolas & Guibaud, Stéphane, 2023. "Capital flows in an aging world," Journal of International Economics, Elsevier, vol. 140(C).
    2. François Gourio & Michael Siemer & Adrien Verdelhan, 2011. "International Risk Cycles," NBER Working Papers 17277, National Bureau of Economic Research, Inc.
    3. Dalton, Michael & O'Neill, Brian & Prskawetz, Alexia & Jiang, Leiwen & Pitkin, John, 2008. "Population aging and future carbon emissions in the United States," Energy Economics, Elsevier, vol. 30(2), pages 642-675, March.
    4. Zilibotti, Fabrizio & Doepke, Matthias, 2013. "Culture, Entrepreneurship, and Growth," CEPR Discussion Papers 9516, Centre for Economic Policy Research.
    5. Marcel Aloy & Gilles de Truchis, 2012. "Estimation and Testing for Fractional Cointegration," AMSE Working Papers 1215, Aix-Marseille School of Economics, France.
    6. António Antunes & Tiago Cavalcanti & Anne Villamil, 2010. "Intermediation Costs and Welfare," Centre for Growth and Business Cycle Research Discussion Paper Series 142, Economics, The University of Manchester.
    7. Camilo Alvis & Cristian Castrill�n, 2011. "Tamano óptimo del gasto público colombiano: una aproximación desde la teoría del crecimiento endógeno," Borradores Departamento de Economía 8986, Universidad de Antioquia, CIE.
    8. Eden,Maya & Gaggl,Paul, 2015. "On the welfare implications of automation," Policy Research Working Paper Series 7487, The World Bank.
    9. Hirshleifer, David & Li, Jun & Yu, Jianfeng, 2015. "Asset pricing in production economies with extrapolative expectations," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 87-106.
    10. Richard K. Crump & Stefano Eusepi & Andrea Tambalotti & Giorgio Topa, 2015. "Subjective Intertemporal Substitution," Staff Reports 734, Federal Reserve Bank of New York.
    11. Axelle Ferriere & Anastasios Karantounias, 2019. "Fiscal Austerity in Ambiguous Times," PSE-Ecole d'économie de Paris (Postprint) halshs-02084280, HAL.
    12. George-Marios Angeletos & Vasia Panousi, 2007. "Revisiting the Supply-Side Effects of Government Spending Under Incomplete Markets," NBER Working Papers 13136, National Bureau of Economic Research, Inc.
    13. Pautrel, Xavier, 2009. "Pollution and life expectancy: How environmental policy can promote growth," Ecological Economics, Elsevier, vol. 68(4), pages 1040-1051, February.
    14. Evangelos V. Dioikitopoulos & Stephen J. Turnovsky & Roland Wendner, 2017. "Dynamic Status Effects, Savings, and Income Inequality," Graz Economics Papers 2017-08, University of Graz, Department of Economics.
    15. Arif Oduncu, 2012. "Determinants of Precautionary Savings: Elasticity of Intertemporal Substitution vs. Risk Aversion," EcoMod2012 4380, EcoMod.
    16. Stephen S. Poloz, 2016. "The Paul Storer Memorial Lecture—Cross-Border Trade Integration and Monetary Policy," Discussion Papers 16-20, Bank of Canada.
    17. GROWIEC, Jakub, 2006. "Fertility choice and semi-endogenous growth: where Becker meets Jones," LIDAM Discussion Papers CORE 2006023, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    18. Claudio Michelacci & Luigi Paciello, 2017. "Ambiguous Policy Announcements," EIEF Working Papers Series 1701, Einaudi Institute for Economics and Finance (EIEF), revised Dec 2017.
    19. Poghosyan, K., 2012. "Structural and reduced-form modeling and forecasting with application to Armenia," Other publications TiSEM ad1a24c3-15e6-4f04-b338-3, Tilburg University, School of Economics and Management.
    20. Guiso, Luigi & Jappelli, Tullio & Haliassos, Michael, 2003. "Household Stockholding in Europe: Where Do We Stand, and Where Do We Go?," CEPR Discussion Papers 3694, Centre for Economic Policy Research.
    21. Koyuncu, Murat, 2011. "Can progressive taxation account for cross-country variation in labor supply?," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1474-1488, September.
    22. Gokan, Yoichi & Turnovsky, Stephen J., 2023. "Taylor rules: Consequences for wealth and income inequality," Journal of Macroeconomics, Elsevier, vol. 77(C).
    23. Ruiyang Hu & Yibai Yang & Zhijie Zheng, 2023. "Effects of subsidies on growth and welfare in a quality‐ladder model with elastic labor," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 25(5), pages 1096-1137, October.
    24. Dongweon Lee & Yena Park, 2022. "Utility Curvature and Unemployment Volatility," Korean Economic Review, Korean Economic Association, vol. 38, pages 347-379.
    25. Cordoba, Juan & Ripoll, Marla, 2002. "Credit Cycles Redux," Working Papers 2002-07, Rice University, Department of Economics.
    26. Kwan, Yum K. & Leung, Charles Ka Yui & Dong, Jinyue, 2015. "Comparing consumption-based asset pricing models: The case of an Asian city," Journal of Housing Economics, Elsevier, vol. 28(C), pages 18-41.
    27. Karagiannides, Gabriel, 2018. "Exploring the Determinacy Dynamics in an Open Economy," MPRA Paper 89268, University Library of Munich, Germany.
    28. David Oxborrow & Stephen J. Turnovsky, 2017. "Closing the Small Open Economy Model: A Demographic Approach," Review of International Economics, Wiley Blackwell, vol. 25(1), pages 44-75, February.
    29. Bruno Lanz & Simon Dietz & Tim Swanson, 2014. "Global Population Growth, Technology and Malthusian Constraints: A Quantitative Growth Theoretic Perspective," CIES Research Paper series 25-2014, Centre for International Environmental Studies, The Graduate Institute, revised 01 May 2016.
    30. Li, Zhengming & Shen, Yang & Su, Jianxi, 2025. "Optimal consumption and annuity equivalent wealth with mortality model uncertainty," Insurance: Mathematics and Economics, Elsevier, vol. 120(C), pages 159-188.
    31. Niu, Yingjie & Yang, Jinqiang & Zou, Zhentao, 2024. "Disaster learning and aggregate investment," Journal of Economic Theory, Elsevier, vol. 220(C).
    32. Dimitrios Christelis & Tullio Jappelli & Mario Padula, 2006. "Cognitive Abilities and Portfolio Choice," CSEF Working Papers 157, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    33. Debajyoti Chakrabarty, 2023. "Relative deprivation, time preference, and economic growth," International Journal of Economic Theory, The International Society for Economic Theory, vol. 19(3), pages 489-525, September.
    34. Seyedmasood Dastan & Faraz Farhidi, 2026. "Occupational Preferences Heterogeneity in Labor Supply: Evidence from the PSID," Journal of Labor Research, Springer, vol. 47(1), pages 1-18, March.
    35. Bhamra, Harjoat Singh & Kuehn, Lars-Alexander & Strebulaev, Ilya, 2018. "The Levered Equity Risk Premium and Credit Spreads: A Unified Framework," CEPR Discussion Papers 12827, Centre for Economic Policy Research.
    36. Sampson, Thomas, 2016. "Dynamic selection: an idea flows theory of entry, trade and growth," LSE Research Online Documents on Economics 62623, London School of Economics and Political Science, LSE Library.
    37. Chabakauri, Georgy, 2010. "Asset pricing with heterogeneous investors and portfolio constraints," LSE Research Online Documents on Economics 43142, London School of Economics and Political Science, LSE Library.
    38. Bettoni, Luis G. & Santos, Marcelo R., 2022. "Public sector employment and aggregate fluctuations," Journal of Macroeconomics, Elsevier, vol. 72(C).
    39. Cordoba, Juan Carlos & Ripoll, Marla, 2014. "The Elasticity of Intergenerational Substitution, Parental Altruism, and Fertility Choice," Staff General Research Papers Archive 37765, Iowa State University, Department of Economics.
    40. Gomes, Fábio Augusto Reis & Ribeiro, Priscila Fernandes, 2015. "Estimating the elasticity of intertemporal substitution taking into account the precautionary savings motive," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 108-123.
    41. Bilias, Yannis & Georgarakos, Dimitris & Haliassos, Michael, 2005. "Equity culture and the distribution of wealth," CFS Working Paper Series 2005/20, Center for Financial Studies (CFS).
    42. Maebayashi, Noritaka, 2018. "Is an unfunded social security system good or bad for growth? A theoretical analysis of social security systems financed by VAT," MPRA Paper 90881, University Library of Munich, Germany.
    43. Stephen J. Turnovsky & Cecilia Garcia-Pe–alosa, 2006. "The Dynamics of Wealth and Income Distribution in a Neoclassical Growth Model," IDEP Working Papers 0604, Institut d'economie publique (IDEP), Marseille, France, revised Jul 2006.
    44. Feigenbaum, James & Gahramanov, Emin & Tang, Xueli, 2013. "Is it really good to annuitize?," Journal of Economic Behavior & Organization, Elsevier, vol. 93(C), pages 116-140.
    45. Turnovsky, Stephen J. & Garci­a-Peñalosa, Cecilia, 2008. "Distributional dynamics in a neoclassical growth model: The role of elastic labor supply," Journal of Economic Dynamics and Control, Elsevier, vol. 32(5), pages 1399-1431, May.
    46. Yulei Luo & Jun Nie & Haijun Wang, 2023. "Ambiguous Consumption and Asset Allocation with Unknown Markovian Income Growth," Annals of Economics and Finance, Society for AEF, vol. 24(2), pages 237-275, November.
    47. Daniel R. Carroll & Eric Young, 2014. "The Piketty Transition," Working Papers (Old Series) 1432, Federal Reserve Bank of Cleveland.
    48. Elizabeth M. Caucutt & Krishna B. Kumar, 2004. "Evaluating Explanations for Stagnation," Development and Comp Systems 0409002, University Library of Munich, Germany.
    49. Alkis Blanz & Beatriz Gaitan, 2023. "Reducing residential emissions: carbon pricing vs. subsidizing retrofits," Papers 2310.15687, arXiv.org.
    50. David Kohn & Fernando Leibovici & Michal Szkup, 2016. "Financial Frictions And New Exporter Dynamics," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(2), pages 453-486, May.
    51. Manoj Atolia & Santanu Chatterjee & Stephen Turnovsky, 2009. "Growth and Inequality: Dependence on the Time Path of Productivity Increases (and other Structural Changes)," Working Papers UWEC-2009-23, University of Washington, Department of Economics.
    52. Florin Bilbiie & Roland Straub, 2012. "Changes in the Output Euler Equation and Asset Markets Participation," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00680647, HAL.
    53. Kaustia, Markku & Conlin, Andrew & Luotonen, Niilo, 2023. "What drives stock market participation? The role of institutional, traditional, and behavioral factors," Journal of Banking & Finance, Elsevier, vol. 148(C).
    54. Thimme, Julian & Völkert, Clemens, 2015. "High order smooth ambiguity preferences and asset prices," Review of Financial Economics, Elsevier, vol. 27(C), pages 1-15.
    55. Black, Sandra & Devereux, Paul J. & Majlesi, Kaveh & Lundborg, Petter, 2015. "Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets," CEPR Discussion Papers 10525, Centre for Economic Policy Research.
    56. Cecilia García-Peñalosa & Stephen Turnovsky, 2008. "Consumption externalities: a representative consumer model when agents are heterogeneous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 439-467, December.
    57. Hikaru Saijo, 2019. "Technology Shocks and Hours Revisited: Evidence from Household Data," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 347-362, January.
    58. Daria Pignalosa, 2018. "The Role Of The Utility Function In The Estimation Of Preference Parameters," Departmental Working Papers of Economics - University 'Roma Tre' 0235, Department of Economics - University Roma Tre.
    59. Martin Herdegen & David Hobson & Joseph Jerome, 2025. "Proper solutions for Epstein–Zin stochastic differential utility," Finance and Stochastics, Springer, vol. 29(3), pages 885-932, July.
    60. Richard Harrison, 2017. "Optimal quantitative easing," Bank of England working papers 678, Bank of England.
    61. Gianluca Femminis, 2019. "Risk aversion heterogeneity and the investment–uncertainty relationship," Journal of Economics, Springer, vol. 127(3), pages 223-264, August.
    62. Tomáš Havránek, 2015. "Measuring Intertemporal Substitution: The Importance Of Method Choices And Selective Reporting," Journal of the European Economic Association, European Economic Association, vol. 13(6), pages 1180-1204, December.
    63. Antonio Cutanda & Juan A. Sanchis, 2024. "Labour Supply Status and Intertemporal Behaviour: Evidence from Spanish panel data," Working Papers 2408, Department of Applied Economics II, Universidad de Valencia.
    64. David Kohn & Fernando Leibovici & Michal Szkup, 2015. "Financial Frictions and Export Dynamics in Large Devaluations," Department of Economics Working Papers 2015_2, Universidad Torcuato Di Tella.
    65. Lena Dräger & Michael J. Lamla & Damjan Pfajfar & Lena Dräger & Michael Lamla, 2022. "The Hidden Heterogeneity of Inflation and Interest Rate Expectations: The Role of Preferences," CESifo Working Paper Series 9637, CESifo.
    66. Yoichi Gokan & Stephen J. Turnovsky, 2025. "Government Spending, Debt Management, and Wealth and Income Inequality in a Growing Monetary Economy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(1), pages 185-221, February.
    67. Yin Germaschewski, 2016. "Getting help from abroad: The macroeconomics of foreign direct investment in infrastructure in low‐income countries," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(4), pages 1502-1535, November.
    68. Bruno Lanz & Simon Dietz & Tim Swanson, 2017. "Global economic growth and agricultural land conversion under uncertain productivity improvements in agriculture," IRENE Working Papers 17-07, IRENE Institute of Economic Research.
    69. Yulei Luo & Jun Nie & Eric R Young, 2020. "Ambiguity, Low Risk-Free Rates and Consumption Inequality," The Economic Journal, Royal Economic Society, vol. 130(632), pages 2649-2679.
    70. Tyler Abbot, 2017. "General Equilibrium Under Convex Portfolio Constraints and Heterogeneous Risk Preferences," Papers 1706.05877, arXiv.org, revised Jun 2018.
    71. Lukáš Kovanda & Martin Komrska, 2017. "Deflace, odklad spotřeby a hospodářské krize: rétorika centrálních bank vs. ekonomická literatura [Deflation and Economic Crisis: Central Banks' Rhetoric vs. Economic Literature]," Politická ekonomie, Prague University of Economics and Business, vol. 2017(3), pages 351-369.
    72. Orazio P. Attanasio & Margherita Borella, 2014. "Modeling Movements In Individual Consumption: A Time‐Series Analysis Of Grouped Data," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(4), pages 959-991, November.
    73. Turnovsky, Stephen J., 2008. "The role of factor substitution in the theory of economic growth and income distribution: Two examples," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 604-629, June.
    74. Bechlioulis, Alexandros P. & Brissimis, Sophocles N., 2019. "Consumer debt non-payment and the borrowing constraint: Implications for consumer behavior," Journal of Banking & Finance, Elsevier, vol. 101(C), pages 161-172.
    75. Ly-Dai, Hung, 2015. "Saving Wedge, Productivity Growth and International Capital Flows," MPRA Paper 90239, University Library of Munich, Germany, revised Jan 2018.
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    226. Stephen J. Turnovsky & Zinan Wang, 2022. "The Effects of Globalization on Skilled Labor, Unskilled Labor, and the Skill Premium," Open Economies Review, Springer, vol. 33(3), pages 407-452, July.
    227. Hendricks, Lutz, 2007. "How important is discount rate heterogeneity for wealth inequality?," Journal of Economic Dynamics and Control, Elsevier, vol. 31(9), pages 3042-3068, September.
    228. Janice Eberly & Neng Wang, 2025. "Reallocating and Pricing Illiquid Capital: Two Productive Trees," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(5), pages 1887-1907, December.
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    232. Müller, Gernot J., 2008. "Understanding the dynamic effects of government spending on foreign trade," Journal of International Money and Finance, Elsevier, vol. 27(3), pages 345-371, April.
    233. Fábio Gomes & Lourenço Paz, 2015. "Large estimates of the elasticity of intertemporal substitution: is it the aggregate return series or the instrument list?," Economics Bulletin, AccessEcon, vol. 35(1), pages 168-181.
    234. Cecilia García-Peñalosa & Stephen J. Turnovsky, 2012. "Income Inequality, Mobility, and the Accumulation of Capital. The role of Heterogeneous Labor Productivity," AMSE Working Papers 1216, Aix-Marseille School of Economics, France.
    235. Carroll, Daniel R. & Young, Eric R., 2018. "Neoclassical inequality," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 83-109.
    236. Kim, Sangho & Lim, Hyunjoon & Park, Donghyun, 2010. "Productivity and Employment in a Developing Country: Some Evidence from Korea," World Development, Elsevier, vol. 38(4), pages 514-522, April.
    237. Toda, Alexis Akira, 2014. "Incomplete market dynamics and cross-sectional distributions," Journal of Economic Theory, Elsevier, vol. 154(C), pages 310-348.
    238. Turnovsky, Stephen J., 2019. "Demographic structures, savings, and international capital flows," Journal of International Money and Finance, Elsevier, vol. 98(C), pages 1-1.
    239. Charles I. Jones, 2016. "Life and Growth," Journal of Political Economy, University of Chicago Press, vol. 124(2), pages 539-578.
    240. Andrés Schneider, 2022. "Risk‐Sharing and the Term Structure of Interest Rates," Journal of Finance, American Finance Association, vol. 77(4), pages 2331-2374, August.
    241. Angeletos, George-Marios & Panousi, Vasia, 2009. "Revisiting the supply side effects of government spending," Journal of Monetary Economics, Elsevier, vol. 56(2), pages 137-153, March.
    242. Alfonso Irarrazabal & Juan Carlos Parra-Alvarez, 2015. "Time-varying disaster risk models: An empirical assessment of the Rietz-Barro hypothesis," CREATES Research Papers 2015-08, Department of Economics and Business Economics, Aarhus University.
    243. Ravi Bansal & Dana Kiku & Amir Yaron, 2009. "An Empirical Evaluation of the Long-Run Risks Model for Asset Prices," NBER Working Papers 15504, National Bureau of Economic Research, Inc.
    244. Chakraborty, Shankha & Papageorgiou, Chris & Pérez Sebastián, Fidel, 2010. "Diseases, infection dynamics, and development," Journal of Monetary Economics, Elsevier, vol. 57(7), pages 859-872, October.
    245. Cristiano Cantore & Mathan Satchi, 2009. "Credit Supply and Output Volatility," Studies in Economics 0904, School of Economics, University of Kent.
    246. Juan Carlos Hatchondo, 2008. "A quantitative study of the role of wealth inequality on asset prices," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 94(Win), pages 73-96.
    247. Gaudio, Francesco Saverio, 2025. "Stock market participation and macro-financial trends," Journal of Monetary Economics, Elsevier, vol. 156(C).
    248. Frode Brevik & Stefano d'Addona, 2005. "Information Quality and Stock Returns Revisited," Finance 0511006, University Library of Munich, Germany, revised 26 Mar 2006.
    249. David Kohn & Fernando Leibovici & Michal Szkup, 2018. "Financial Frictions, Trade, and Misallocation," 2018 Meeting Papers 385, Society for Economic Dynamics.
    250. Mumtaz, Haroon & Surico, Paolo, 2011. "Estimating the Aggregate Consumption Euler Equation with State-Dependent Parameters," CEPR Discussion Papers 8233, Centre for Economic Policy Research.
    251. Yulei Luo & Jun Nie & Heng-fu Zou, 2021. "Wealth in the Utility Function and Consumption Inequality," Research Working Paper RWP 21-17, Federal Reserve Bank of Kansas City.
    252. Marianne Andries, 2012. "Consumption-based Asset Pricing Loss Aversion," 2012 Meeting Papers 571, Society for Economic Dynamics.
    253. Tanisa Tawichsri, 2018. "Consumption Responses and Redistributive Implications of Luxury Durable Tax Rebates," PIER Discussion Papers 99, Puey Ungphakorn Institute for Economic Research, revised Nov 2025.
    254. Riccardo Colacito & Mariano M. Croce, 2011. "Risks for the Long Run and the Real Exchange Rate," Journal of Political Economy, University of Chicago Press, vol. 119(1), pages 153-181.
    255. Gregory R. Duffee, 2023. "Macroeconomic News in Asset Pricing and Reality," Journal of Finance, American Finance Association, vol. 78(3), pages 1499-1543, June.
    256. Mark A. Carlson & Thomas B. King & Kurt F. Lewis, 2009. "Distress in the financial sector and economic activity," Finance and Economics Discussion Series 2009-01, Board of Governors of the Federal Reserve System (U.S.).
    257. Ken-ichi Hashimoto, 2026. "Effects of trade liberalization with heterogeneous firms under stagnation," ISER Discussion Paper 1310, Institute of Social and Economic Research, The University of Osaka.
    258. Yannis Bilias & Dimitris Georgarakos & Michael Haliassos, 2017. "Has Greater Stock Market Participation Increased Wealth Inequality in the Us?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63(1), pages 169-188, March.
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    260. E. Black, Sandra & J. Devereux, Paul & Lundborg, Etter & Majlesi, Kaveh, 2016. "No. 2015/2 :Learning to Take Risks? The Effects of Education on Risk-Taking in Finacial Markets," Knut Wicksell Working Paper Series 2015/2, Lund University, Knut Wicksell Centre for Financial Studies.
    261. Hyuk Rhee & Nurlan Turdaliev, 2015. "Central bank policy instrument forecasts," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 10(2), pages 221-245, October.
    262. Andreas Tryphonides, 2020. "Identifying Preferences when Households are Financially Constrained," Papers 2005.02010, arXiv.org, revised Feb 2023.
    263. Michael Rauscher, 2007. "Tax Competition, Capital Mobility and Innovation in the Public Sector," German Economic Review, Verein für Socialpolitik, vol. 8(1), pages 28-40, February.
    264. Chu, Angus C., 2007. "Optimal Patent Breadth: Quantifying the Effects of Increasing Patent Breadth," MPRA Paper 3910, University Library of Munich, Germany.
    265. Heng‐Chuan Kao & Hsiao‐Wen Hung, 2024. "Patent protection, externalities, and income inequality," Manchester School, University of Manchester, vol. 92(5), pages 466-493, September.
    266. Luo, Yulei & Nie, Jun & Wang, Haijun, 2022. "Ignorance, pervasive uncertainty, and household finance," Journal of Economic Theory, Elsevier, vol. 199(C).
    267. Cecilia Garcia-Peñalosa & Stephen Turnovsky, 2013. "Income Inequality, Mobility and the Accumulation of Capital," CESifo Working Paper Series 4559, CESifo.
    268. Chatterjee, Santanu & Mahbub Morshed, A.K.M., 2011. "Reprint to: Infrastructure provision and macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1405-1423, September.
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    272. Santanu Chatterjee & Mark C. Kelly & Stephen J. Turnovsky, 2022. "Foreign aid, public investment, and the informal economy," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 174-201, January.
    273. Denis Pelletier & Cengiz Tunc, 2019. "Endogenous Life‐Cycle Housing Investment and Portfolio Allocation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(4), pages 991-1019, June.
    274. Jochen Mierau & Stephen Turnovsky, 2014. "Demography, growth, and inequality," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(1), pages 29-68, January.
    275. Gonzalez-Hernandez, Ramon A. & Karayalcin, Cem, 2013. "Habit formation, adjustment costs, and international transmission of fiscal policy," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 341-359.
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    278. Cavallari, Lilia & D’Addona, Stefano & Porchia, Paolo, 2025. "Demand, wealth inequality and the business cycle," Journal of Macroeconomics, Elsevier, vol. 85(C).
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  54. Muhammet Fatih Guvenen, 2000. "Does Stockholding Provide Perfect Risk Sharing?," GSIA Working Papers 2000-E48, Carnegie Mellon University, Tepper School of Business.

    Cited by:

    1. Francisco Covas, 2005. "Uninsured Idiosyncratic Production Risk with Borrowing Constraints," Staff Working Papers 05-26, Bank of Canada.
    2. M. Fatih Guvenen, 2002. "Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective," RCER Working Papers 491, University of Rochester - Center for Economic Research (RCER), revised Mar 2003.

  55. Muhammet Fatih Guvenen, 2000. "Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution," GSIA Working Papers 2000-E50, Carnegie Mellon University, Tepper School of Business.

    Cited by:

    1. Andrew T. Levin & Alexei Onatski & John C. Williams & Noah Williams, 2005. "Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models," NBER Working Papers 11523, National Bureau of Economic Research, Inc.

  56. Muhammet Fatih Guvenen, 2000. "Mismeasurement of the Elasticity of Intertemporal Substitution:The Role of Limited Stock Market Participation," GSIA Working Papers 2000-E26, Carnegie Mellon University, Tepper School of Business.

    Cited by:

    1. Salman Ahmed Shaikh & Mohd Adib Ismail & Abdul Ghafar Ismail & Shahida Shahimi & Muhammad Hakimi Mohd. Shafiai, 2018. "An Empirical Investigation Of Consumption Behaviour In Selected Oic Countries," Journal of Islamic Monetary Economics and Finance, Bank Indonesia, vol. 4(1), pages 101-116, August.
    2. Yacine Ait-Sahalia & Jonathan A. Parker & Motohiro Yogo, 2002. "Luxury Goods and the Equity Premium," Working Papers 145, Princeton University, School of Public and International Affairs, Discussion Papers in Economics.
    3. Ravi Bansal, 2007. "Long-run risks and financial markets," Review, Federal Reserve Bank of St. Louis, vol. 89(Jul), pages 283-300.
    4. Domeij, David & Floden, Martin, 2001. "The labor-supply elasticity and borrowing constraints: Why estimates are biased," SSE/EFI Working Paper Series in Economics and Finance 480, Stockholm School of Economics.
    5. Jonathan Gruber, 2013. "A Tax-Based Estimate of the Elasticity of Intertemporal Substitution," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 3(01), pages 1-20.
    6. Benzoni, Luca & Collin-Dufresne, Pierre & Goldstein, Robert S., 2011. "Explaining asset pricing puzzles associated with the 1987 market crash," Journal of Financial Economics, Elsevier, vol. 101(3), pages 552-573, September.

Articles

  1. Fatih Guvenen & Alisdair McKay & Conor Ryan, 2026. "A Tractable Income Process for Business Cycle Analysis," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 61, August.
    See citations under working paper version above.
  2. Fatih Guvenen & Raymond J. Mataloni Jr. & Dylan G. Rassier & Kim J. Ruhl, 2022. "Offshore Profit Shifting and Aggregate Measurement: Balance of Payments, Foreign Investment, Productivity, and the Labor Share," American Economic Review, American Economic Association, vol. 112(6), pages 1848-1884, June.
    See citations under working paper version above.
  3. Christopher Busch & David Domeij & Fatih Guvenen & Rocio Madera, 2022. "Skewed Idiosyncratic Income Risk over the Business Cycle: Sources and Insurance," American Economic Journal: Macroeconomics, American Economic Association, vol. 14(2), pages 207-242, April.
    See citations under working paper version above.
  4. Fatih Guvenen & Luigi Pistaferri & Giovanni L. Violante, 2022. "Global trends in income inequality and income dynamics: New insights from GRID," Quantitative Economics, Econometric Society, vol. 13(4), pages 1321-1360, November.
    See citations under working paper version above.
  5. Fatih Guvenen & Greg Kaplan & Jae Song & Justin Weidner, 2022. "Lifetime Earnings in the United States over Six Decades," American Economic Journal: Applied Economics, American Economic Association, vol. 14(4), pages 446-479, October.

    Cited by:

    1. Jean-Guillaume Sahuc & Barbara Annicchiarico & Rebecca Clipal, 2025. "Intergenerational Household Finance and the Green Transition Cost," EconomiX Working Papers 2025-30, University of Paris Nanterre, EconomiX.
    2. Annie Liu & Pinghui Wu, 2026. "Educational Attainment and the Evolution of Cumulative Earnings across 45 US Birth Cohorts," Working Papers 26-5, Federal Reserve Bank of Boston.
    3. Battiston, Diego & Maurer, Stephan & Potlogea, Andrei & Rodríguez Mora, José Vicente, 2025. "The short and long run dynamics of the Great Gatsby Curve," Working Papers 49, University of Konstanz, Cluster of Excellence "The Politics of Inequality. Perceptions, Participation and Policies".
    4. Arpad Abraham & Pavel Brendler & Eva Carceles-Poveda, 2026. "Optimal Income Redistribution," Bristol Economics Discussion Papers 25/820, School of Economics, University of Bristol, UK.
    5. Richard Blundell & Christopher Bollinger & Charles Hokayem & James P. Ziliak, 2024. "Interpreting cohort profiles of lifecycle earnings volatility," IFS Working Papers W24/14, Institute for Fiscal Studies.
    6. Karger, Ezra & Wray, Anthony, 2024. "The Black–white lifetime earnings gap," Explorations in Economic History, Elsevier, vol. 94(C).
    7. César Urquizo Ubillús, 2025. "Lifetime Hours Inequality and Occupational Choice," Working Papers 208, Peruvian Economic Association.
    8. Bertrand Garbinti & Cecilia Garcia-Peñalosa & Vladimir Pecheu & Frédérique Savignac, 2025. "Explaining the Dynamics of the Gender Gap in Lifetime Earnings," Working papers 994, Banque de France.
    9. Martinez, Tomás R. & Martins-Neto, Antonio & Mello, Ursula, 2025. "Gender and Top Lifetime Earnings Inequality: Ten New Facts from Brazil," IZA Discussion Papers 17602, IZA Network @ LISER.
    10. Ozkan, Serdar, 2025. "Income differences and health disparities: Roles of preventive vs. curative medicine," Journal of Monetary Economics, Elsevier, vol. 150(C).
    11. Teresa Backhaus & Mattis Beckmannshagen, 2026. "Personality and Life-Cycle Labour Earnings," CRC TR 224 Discussion Paper Series crctr224_2025_752, University of Bonn and University of Mannheim, Germany.
    12. Bloomfield, Adam & Goodman, Lucas & Rao, Manita & Slavov, Sita, 2025. "State Auto-IRA policies and firm behavior: Lessons from administrative tax data," Journal of Public Economics, Elsevier, vol. 247(C).
    13. Aneta Bonikowska & René Morissette & Grant Schellenberg, 2024. "Cumulative earnings of Black, Chinese, South Asian and White individuals born in Canada," Economic and Social Reports 202401100004e, Statistics Canada, Analytical Studies and Modelling Branch.
    14. Audoly, Richard & Paz-Pardo, Gonzalo & McGee, Rory & Ocampo, Sergio, 2024. "The life-cycle dynamics of wealth mobility," Working Paper Series 2976, European Central Bank.
    15. Guvenen, Fatih & Ozkan, Serdar & Madera, Rocio, 2024. "Consumption dynamics and welfare under non-Gaussian earnings risk," Journal of Economic Dynamics and Control, Elsevier, vol. 169(C).
    16. Alexander Bick & Adam Blandin & Richard Rogerson, 2025. "After 40 Years, How Representative Are Labor Market Outcomes in the NLSY79?," Review, Federal Reserve Bank of St. Louis, vol. 107(2), pages 1-50, February.
    17. J. Carter Braxton & Kyle Herkenhoff & Jonathan Rothbaum & Lawrence Schmidt, 2025. "Changing Income Risk across the US Skill Distribution: Evidence from a Generalized Kalman Filter," American Economic Review, American Economic Association, vol. 115(12), pages 4438-4475, December.
    18. Aurel Mélard & Simon Rabaté & Maxime Tô, 2024. "Hidden redistribution in lifetime earnings: the role of differential mortality," IFS Working Papers W24/44, Institute for Fiscal Studies.
    19. David Card & Francesco Devicienti & Mariacristina Rossi & Andrea Weber, 2025. "The Gender Gap in Career Trajectories: Do Firms Matter?," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 11(3), pages 831-853, November.
    20. Robert Kirkby, 2025. "Discretizing earnings dynamics: implications of Gaussian-mixture shocks for life-cycle models," The Japanese Economic Review, Springer, vol. 76(2), pages 493-519, April.
    21. Alexander Bick & Adam Blandin & Richard Rogerson, 2024. "Hours Worked and Lifetime Earnings Inequality," Working Papers 2024-024, Federal Reserve Bank of St. Louis, revised 06 Apr 2025.

  6. Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2021. "What Do Data on Millions of U.S. Workers Reveal About Lifecycle Earnings Dynamics?," Econometrica, Econometric Society, vol. 89(5), pages 2303-2339, September.
    See citations under working paper version above.
  7. Fatih Guvenen & Greg Kaplan & Jae Song, 2021. "The Glass Ceiling and the Paper Floor: Changing Gender Composition of Top Earners since the 1980s," NBER Macroeconomics Annual, University of Chicago Press, vol. 35(1), pages 309-373.

    Cited by:

    1. Buda, G. & Carvalho, V. M. & Hansen, S. & Mora, J. V. R. & Ortiz, A. & Rodrigo, T., 2022. "National Accounts in a World of Naturally Occurring Data: A Proof of Concept for Consumption," Cambridge Working Papers in Economics 2244, Faculty of Economics, University of Cambridge.
    2. Moritz Drechsel‐Grau & Andreas Peichl & Kai D. Schmid & Johannes F. Schmieder & Hannes Walz & Stefanie Wolter, 2022. "Inequality and income dynamics in Germany," Quantitative Economics, Econometric Society, vol. 13(4), pages 1593-1635, November.
    3. Campanale, Claudio & Fernández-Bastidas, Rocío, 2023. "Top earners: A labor productivity process," Economics Letters, Elsevier, vol. 229(C).
    4. Paola Sapienza, 2020. "Comment on "The Glass Ceiling and the Paper Floor: Changing Gender Composition of Top Earners since the 1980s"," NBER Chapters, in: NBER Macroeconomics Annual 2020, volume 35, pages 374-380, National Bureau of Economic Research, Inc.
    5. Fatih Guvenen & Luigi Pistaferri & Giovanni L. Violante, 2022. "Global trends in income inequality and income dynamics: New insights from GRID," Quantitative Economics, Econometric Society, vol. 13(4), pages 1321-1360, November.
    6. Paul Goldsmith‐Pinkham & Kelly Shue, 2023. "The Gender Gap in Housing Returns," Journal of Finance, American Finance Association, vol. 78(2), pages 1097-1145, April.
    7. Campanale Claudio & Rocio Fernandez-Bastidas, 2022. "Top Earners: a Labor Productivity Process," Working papers 074, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.

  8. Jae Song & David J Price & Fatih Guvenen & Nicholas Bloom & Till von Wachter, 2019. "Firming Up Inequality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(1), pages 1-50.
    See citations under working paper version above.
  9. Nicholas Bloom & Fatih Guvenen & Benjamin S. Smith & Jae Song & Till von Wachter, 2018. "The Disappearing Large-Firm Wage Premium," AEA Papers and Proceedings, American Economic Association, vol. 108, pages 317-322, May.

    Cited by:

    1. Nicholas Bloom & Scott Ohlmacher & Cristina Tello-Trillo & Melanie Wallskog, 2021. "Pay, Productivity and Management," Working Papers 21-31, Center for Economic Studies, U.S. Census Bureau.
    2. Kline, Patrick, 2024. "Firm wage effects," Handbook of Labor Economics,, Elsevier.
    3. Hennig, Jan-Luca & Stadler, Balazs, 2021. "Firm-specific pay premiums and the gender wage gap in 21 European countries," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242354, Verein für Socialpolitik / German Economic Association.
    4. Kovalenko, Tim & Sauerbier, Timo & Schröpf, Benedikt, 2023. "The fall and rebound of average establishment size in West Germany," Discussion Papers 126, Friedrich-Alexander University Erlangen-Nuremberg, Chair of Labour and Regional Economics.
    5. David W. Berger & Kyle F. Herkenhoff & Simon Mongey, 2019. "Labor Market Power," NBER Working Papers 25719, National Bureau of Economic Research, Inc.
    6. Berlingieri, Giuseppe & Pisch, Frank, 2022. "Managing export complexity: the role of service outsourcing," LSE Research Online Documents on Economics 117832, London School of Economics and Political Science, LSE Library.
    7. Bertheau, Antoine & Bunzel, Henning & Vejlin, Rune Majlund, 2020. "Employment Reallocation over the Business Cycle: Evidence from Danish Data," IZA Discussion Papers 13681, IZA Network @ LISER.
    8. Egger, Hartmut & Jahn, Elke & Kornitzky, Stefan, 2022. "How does the position in business group hierarchies affect workers’ wages?," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 244-263.
    9. Cirera,Xavier & Soares Martins Neto,Antonio, 2020. "Do Innovative Firms Pay Higher Wages? : Micro-Level Evidence from Brazil," Policy Research Working Paper Series 9442, The World Bank.
    10. Justin C. Wiltshire, 2023. "Walmart Supercenters and Monopsony Power: How A Large, Low-Wage Employer Impacts Local Labor Markets," Department Discussion Papers 2304, Department of Economics, University of Victoria.
    11. Ai Oku & Shun Inoue & Tsubasa Masui, 2020. "Does Firm Size Effect Wages and Labor productivity? -Micro data analysis in case of Japan-," Discussion papers ron320, Policy Research Institute, Ministry of Finance Japan.
    12. Bias, Daniel & Chen, Lin & Lochner, Benjamin & Schmid, Thomas, 2020. "Measuring workers' financial incentives," FAU Discussion Papers in Economics 07/2020, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
    13. Kimberly Bayard & Tomaz Cajner & Vivi Gregorich & Maria D. Tito, 2022. "Are Manufacturing Jobs Still Good Jobs? An Exploration of the Manufacturing Wage Premium," Finance and Economics Discussion Series 2022-011r1, Board of Governors of the Federal Reserve System (U.S.), revised 24 Sep 2024.
    14. Xue, Gang & Cai, Yanxi & Zhang, Yan, 2025. "The influence of income tax incentives on small and low-profit enterprises’ production factor investment," Economic Systems, Elsevier, vol. 49(1).
    15. Jahn, Elke & Egger, Hartmut & Kornitzky, Stefan, 2021. "Does the Position in Business Group Hierarchies Affect Workers' Wages?," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242374, Verein für Socialpolitik / German Economic Association.
    16. Gunnarsson, Emma & Kärnä, Anders & Olsson, Martin & Persson, Lars, 2023. "Family Firms: In All Shapes and Sizes," Working Paper Series 1461, Research Institute of Industrial Economics.
    17. John M. Abowd & Joelle Abramowitz & Margaret C. Levenstein & Kristin McCue & Dhiren Patki & Trivellore Raghunathan & Ann M. Rodgers & Matthew D. Shapiro & Nada Wasi & Dawn Zinsser, 2021. "Finding Needles in Haystacks: Multiple-Imputation Record Linkage Using Machine Learning," Working Papers 21-35, Center for Economic Studies, U.S. Census Bureau.
    18. Daniel Schaefer & Carl Singleton, 2019. "Recent changes in British wage inequality: Evidence from firms and occupations," Economics Discussion Papers em-dp2019-01, Department of Economics, University of Reading.
    19. Jones, Melanie & Kaya, Ezgi, 2022. "The UK Gender Pay Gap: Does Firm Size Matter?," GLO Discussion Paper Series 1149, Global Labor Organization (GLO).
    20. Maarten Goos & Melanie Arntz & Ulrich Zierahn & Terry Gregory & Stephanie Carretero Gomez & Ignacio Gonzalez Vazquez & Koen Jonkers, 2019. "The Impact of Technological Innovation on the Future of Work," JRC Working Papers on Labour, Education and Technology 2019-03, Joint Research Centre.
    21. John M. Abowd & Joelle Abramowitz & Margaret C. Levenstein & Kristin McCue & Dhiren Patki & Trivellore Raghunathan & Ann M. Rodgers & Matthew D. Shapiro & Nada Wasi, 2019. "Optimal Probabilistic Record Linkage: Best Practice for Linking Employers in Survey and Administrative Data," Working Papers 19-08, Center for Economic Studies, U.S. Census Bureau.
    22. Lochner, Benjamin & Seth, Stefan & Wolter, Stefanie, 2020. "Decomposing the large firm wage premium in Germany," Economics Letters, Elsevier, vol. 194(C).
    23. Arellano-Bover, Jaime, 2020. "Career Consequences of Firm Heterogeneity for Young Workers: First Job and Firm Size," IZA Discussion Papers 12969, IZA Network @ LISER.
    24. Babina, Tania & Ma, Wenting & Moser, Christian & Ouimet, Paige & Zarutskie, Rebecca, 2019. "Pay, Employment, and Dynamics of Young Firms," MPRA Paper 95382, University Library of Munich, Germany.
    25. Berlingieri, Giuseppe & Blanchenay, Patrick & Criscuolo, Chiara, 2024. "The great divergence(s)," Research Policy, Elsevier, vol. 53(3).
    26. Sabrina Wulff Pabilonia & Victoria Vernon, 2025. "Remote work, wages, and hours worked in the United States," Journal of Population Economics, Springer;European Society for Population Economics, vol. 38(1), pages 1-49, March.
    27. Sharat Ganapati, 2020. "Comment on The Servicification of the US Economy: The Role of Startups versus Incumbent Firms," NBER Chapters, in: The Role of Innovation and Entrepreneurship in Economic Growth, pages 390-396, National Bureau of Economic Research, Inc.
    28. Patrick Kline, 2025. "Branching Fixed Effects: A Proposal for Communicating Uncertainty," Papers 2512.08101, arXiv.org, revised Dec 2025.
    29. soyoung Lee, 2018. "The Role of Firm Heterogeneity in the Earnings Inequality," 2018 Meeting Papers 1155, Society for Economic Dynamics.
    30. Daniel Schaefer & Carl Singleton, 2020. "Recent Changes in British Wage Inequality: Evidence from Large Firms and Occupations," Scottish Journal of Political Economy, Scottish Economic Society, vol. 67(1), pages 100-125, February.
    31. Jae Song & David J Price & Fatih Guvenen & Nicholas Bloom & Till von Wachter, 2019. "Firming Up Inequality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(1), pages 1-50.
    32. Pabilonia, Sabrina Wulff & Vernon, Victoria, 2021. "Telework, Wages, and Time Use in the United States," GLO Discussion Paper Series 546 [rev.], Global Labor Organization (GLO).
    33. Brendan Moore & Judith Scott-Clayton, 2019. "The Firm's Role in Displaced Workers' Earnings Losses," NBER Working Papers 26525, National Bureau of Economic Research, Inc.
    34. Vanessa Boese & Markus Eberhardt, 2021. "Democracy doesn't always happen overnight: Regime change in stages and economic growth," Discussion Papers 2021-01, University of Nottingham, GEP.
    35. Nezih Guner & Alessandro Ruggieri, 2021. "Misallocation and inequality," Discussion Papers 2021/01, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    36. Hartmut Egger & Elke Jahn & Stefan Kornitzky, 2021. "How Does the Position in Business Group Hierarchies Affect Workers’ Wages?," Working Papers 213, Bavarian Graduate Program in Economics (BGPE).
    37. Colin P. Green & John S. Heywood & Nikolaos Theodoropoulos, 2021. "Hierarchy and the Employer Size Effect on Wages: Evidence from Britain," Economica, London School of Economics and Political Science, vol. 88(351), pages 671-696, July.
    38. Marashdeh, Hazem & Dhiaf, Mohamed M. & Atayah, Osama F. & Nasrallah, Nohade & Frederico, Guilherme F. & Najaf, Khakan, 2023. "Sensitivity of market performance to social risk index: Evidence from global listed companies in logistics and transportation industry," Socio-Economic Planning Sciences, Elsevier, vol. 87(PA).
    39. Porcher, Charly & Rubinton, Hannah & Santamaría, Clara, 2023. "JUE insight: The role of establishment size in the city-size earnings premium," Journal of Urban Economics, Elsevier, vol. 136(C).
    40. Brian Callaci & Matthew Gibson & Sérgio Pinto & Marshall Steinbaum & Matt Walsh, 2024. "Grads on the Go: The Effect of Franchise No-Poaching Restrictions On Worker Earnings," Upjohn Working Papers 24-405, W.E. Upjohn Institute for Employment Research.
    41. Chih-Hai Yang, 2022. "Corporate philanthropy and employee wellbeing: do types of corporate philanthropy matter?," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(4), pages 803-828, December.
    42. Edouard Ribes, 2021. "Scoping the transformation of the professional services industry," Working Papers hal-01889350, HAL.

  10. Fatih Guvenen & Sam Schulhofer-Wohl & Jae Song & Motohiro Yogo, 2017. "Worker Betas: Five Facts about Systematic Earnings Risk," American Economic Review, American Economic Association, vol. 107(5), pages 398-403, May.
    See citations under working paper version above.
  11. Fatih Guvenen & Greg Kaplan, 2017. "Top Income Inequality in the 21st Century: Some Cautionary Notes," Quarterly Review, Federal Reserve Bank of Minneapolis, issue October, pages 2-15.
    See citations under working paper version above.
  12. Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2017. "Heterogeneous Scarring Effects of Full-Year Nonemployment," American Economic Review, American Economic Association, vol. 107(5), pages 369-373, May.

    Cited by:

    1. Filomena, Mattia & Picchio, Matteo, 2023. "You'll Never Walk Alone: Unemployment, Social Networks and Leisure Activities," IZA Discussion Papers 16579, IZA Network @ LISER.
    2. Frank T Denton & Byron G Spencer & Terry A Yip, 2019. "Age-Income Dynamics Over The Life Course: Cohort Transition Patterns In Relative Income Based On Canadian Tax Returns," Department of Economics Working Papers 2019-02, McMaster University.
    3. Andreas Gulyas & Krzysztof Pytka, 2019. "Understanding the Sources of Earnings Losses After Job Displacement: A Machine-Learning Approach," CRC TR 224 Discussion Paper Series crctr224_2019_131, University of Bonn and University of Mannheim, Germany.
    4. Bagliano, Fabio C. & Fugazza, Carolina & Nicodano, Giovanna, 2021. "Life-cycle welfare losses from rules-of-thumb asset allocation," Economics Letters, Elsevier, vol. 198(C).
    5. Bagliano, Fabio C. & Fugazza, Carolina & Nicodano, Giovanna, 2024. "Life-cycle risk-taking with personal disaster risk," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 378-396.
    6. Garcia-Louzao, Jose & Hospido, Laura & Ruggieri, Alessandro, 2021. "Dual Returns to Experience," IZA Discussion Papers 14596, IZA Network @ LISER.
    7. Lous, Bjorn, 2020. "On free markets, income inequality, happiness and trust," Other publications TiSEM e2480eed-722b-4e2a-8e29-4, Tilburg University, School of Economics and Management.
    8. Bjorn Lous & Johan Graafland, 2022. "Who Becomes Unhappy when Income Inequality Increases?," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(1), pages 299-316, February.
    9. Kikuchi, Shinnosuke & Kitao, Sagiri & Mikoshiba, Minamo, 2021. "Who suffers from the COVID-19 shocks? Labor market heterogeneity and welfare consequences in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 59(C).
    10. Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2021. "What Do Data on Millions of U.S. Workers Reveal About Lifecycle Earnings Dynamics?," Econometrica, Econometric Society, vol. 89(5), pages 2303-2339, September.
    11. Mattia Filomena, 2024. "Unemployment Scarring Effects: An Overview and Meta-analysis of Empirical Studies," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 10(2), pages 459-518, July.
    12. Mark Garmaise & Yaron Levi & Hanno Lustig, 2020. "Spending Less After (Seemingly) Bad News," NBER Working Papers 27010, National Bureau of Economic Research, Inc.
    13. He,Yiming & Narayan,Ambar & Olinto,Pedro & Sinha Roy,Sutirtha & Sarma,Nayantara, 2023. "Synthesis of the Impacts of Covid-19 on India’s Labor Market : Looking at People, Placesand Policies," Policy Research Working Paper Series 10366, The World Bank.
    14. Oana IACOB PARGARU & Irina Elena PETRESCU & Radu Alexandru CHIOTAN & Ovidiu Andrei Cristian BUZOIANU & Otilia GANEA, 2023. "Unemployment In Romania In The Period 2010-2022," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(1), pages 678-683, November.
    15. Bagliano, Fabio C. & Fugazza, Carolina & Nicodano, Giovanna, 2019. "Life-cycle portfolios, unemployment and human capital loss," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 325-340.
    16. Reto Foellmi & Isabel Z. Martínez, 2018. "Inequality in Switzerland: A Haven of Stability?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 19(02), pages 19-25, July.

  13. Fatih Guvenen & Michelle Rendall, 2015. "Women's Emancipation through Education: A Macroeconomic Analysis," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(4), pages 931-956, October.
    See citations under working paper version above.
  14. Fatih Guvenen & Serdar Ozkan & Jae Song, 2014. "The Nature of Countercyclical Income Risk," Journal of Political Economy, University of Chicago Press, vol. 122(3), pages 621-660.
    See citations under working paper version above.
  15. Fatih Guvenen & Anthony A. Smith, 2014. "Inferring Labor Income Risk and Partial Insurance From Economic Choices," Econometrica, Econometric Society, vol. 82, pages 2085-2129, November.
    See citations under working paper version above.
  16. Fatih Guvenen & Greg Kaplan & Jae Song, 2014. "How Risky Are Recessions for Top Earners?," American Economic Review, American Economic Association, vol. 104(5), pages 148-153, May.
    See citations under working paper version above.
  17. Fatih Guvenen & Burhanettin Kuruscu & Serdar Ozkan, 2014. "Taxation of Human Capital and Wage Inequality: A Cross-Country Analysis," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(2), pages 818-850.
    See citations under working paper version above.
  18. Guler, Bulent & Guvenen, Fatih & Violante, Giovanni L., 2012. "Joint-search theory: New opportunities and new frictions," Journal of Monetary Economics, Elsevier, vol. 59(4), pages 352-369.
    See citations under working paper version above.
  19. Fatih Guvenen & Burhanettin Kuruscu, 2012. "Understanding The Evolution Of The Us Wage Distribution: A Theoretical Analysis," Journal of the European Economic Association, European Economic Association, vol. 10(3), pages 482-517, May.
    See citations under working paper version above.
  20. Fatih Guvenen, 2011. "Macroeconomics with hetereogeneity : a practical guide," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 97(3Q), pages 255-326.
    See citations under working paper version above.
  21. Fatih Guvenen, 2009. "An Empirical Investigation of Labor Income Processes," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(1), pages 58-79, January.
    See citations under working paper version above.
  22. Fatih Guvenen, 2009. "A Parsimonious Macroeconomic Model for Asset Pricing," Econometrica, Econometric Society, vol. 77(6), pages 1711-1750, November.
    See citations under working paper version above.
  23. Fatih Guvenen, 2007. "Do Stockholders Share Risk More Effectively than Nonstockholders?," The Review of Economics and Statistics, MIT Press, vol. 89(2), pages 275-288, May.
    See citations under working paper version above.
  24. Fatih Guvenen, 2007. "Learning Your Earning: Are Labor Income Shocks Really Very Persistent?," American Economic Review, American Economic Association, vol. 97(3), pages 687-712, June.
    See citations under working paper version above.
  25. Fatih Guvenen & Burhanettin Kuruscu, 2006. "Does Market Incompleteness Matter for Asset Prices?," Journal of the European Economic Association, MIT Press, vol. 4(2-3), pages 484-492, 04-05.

    Cited by:

    1. Mohammad R. Jahan‐Parvar & Xuan Liu & Philip Rothman, 2013. "Equity Returns and Business Cycles in Small Open Economies," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(6), pages 1117-1146, September.
    2. Bernard Dumas & Andrew Lyasoff, 2008. "Incomplete-Market Equilibria Solved Recursively on an Event Tree," NBER Working Papers 14629, National Bureau of Economic Research, Inc.
    3. Agnieszka (A.P.) Markiewicz & Rafal Raciborski, 2018. "Income Inequality and Stock Market Returns," Tinbergen Institute Discussion Papers 18-075/IV, Tinbergen Institute.
    4. Francisco Covas & Shigeru Fujita, 2007. "Private risk premium and aggregate uncertainty in the model of uninsurable investment risk," Working Papers 07-30, Federal Reserve Bank of Philadelphia.
    5. Pietro Dindo & Andrea Modena & Loriana Pelizzon, 2019. "Risk Pooling, Leverage, and the Business Cycle," CESifo Working Paper Series 7772, CESifo.
    6. Zervou, Anastasia S., 2013. "Financial market segmentation, stock market volatility and the role of monetary policy," European Economic Review, Elsevier, vol. 63(C), pages 256-272.
    7. Charlotte Christiansen & Juanna Schröter Joensen & Jesper Rangvid, 2007. "Are Economists More Likely to Hold Stocks?," CREATES Research Papers 2007-08, Department of Economics and Business Economics, Aarhus University.
    8. Covas Francisco & Fujita Shigeru, 2011. "Private Equity Premium and Aggregate Uncertainty in a Model of Uninsurable Investment Risk," The B.E. Journal of Macroeconomics, De Gruyter, vol. 11(1), pages 1-36, July.
    9. Edouard Djeutem & Geoffrey R. Dunbar, 2018. "Uncovered Return Parity: Equity Returns and Currency Returns," Staff Working Papers 18-22, Bank of Canada.

  26. Guvenen, Fatih, 2006. "Reconciling conflicting evidence on the elasticity of intertemporal substitution: A macroeconomic perspective," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1451-1472, October.
    See citations under working paper version above.

Software components

  1. Fatih Guvenen & Michelle Rendall, 2014. "Code and data files for "Women's Emancipation through Education: A Macroeconomic Analysis"," Computer Codes 14-159, Review of Economic Dynamics.
    See citations under working paper version above.
  2. Fatih Guvenen, 2008. "Code and data files for "An Empirical Investigation of Labor Income Processes"," Computer Codes 06-15, Review of Economic Dynamics.
    See citations under working paper version above.Sorry, no citations of software components recorded.

Chapters

  1. Fatih Guvenen & Greg Kaplan & Jae Song, 2020. "The Glass Ceiling and the Paper Floor: Changing Gender Composition of Top Earners since the 1980s," NBER Chapters, in: NBER Macroeconomics Annual 2020, volume 35, pages 309-373, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Stefan Bender & Nicholas Bloom & David Card & John Van Reenen & Stefanie Wolter, 2015. "Management Practices, Workforce Selection, and Productivity," NBER Chapters, in: Firms and the Distribution of Income: The Roles of Productivity and Luck, National Bureau of Economic Research, Inc.

    Cited by:

    1. Labanca, Claudio & Pozzoli, Dario, 2018. "Coordination of Hours within the Firm," IZA Discussion Papers 12062, IZA Network @ LISER.
    2. Baltrunaite, Audinga & Bovini, Giulia & Mocetti, Sauro, 2023. "Managerial talent and managerial practices: Are they complements?," Journal of Corporate Finance, Elsevier, vol. 79(C).
    3. Bilicka, Katarzyna & Scur, Daniela, 2024. "Organizational capacity and profit shifting," Journal of Public Economics, Elsevier, vol. 238(C).
    4. Eckel, Carsten & Yeaple, Stephen R., 2024. "Inefficient labor market sorting," Journal of Economic Theory, Elsevier, vol. 221(C).
    5. Peng Li & Xiangrong Li & Gonglin Yuan, 2023. "Cross-Regional Allocation of Human Capital and Sustainable Development of China’s Regional Economy—Based on the Perspective of Population Mobility," Sustainability, MDPI, vol. 15(12), pages 1-32, June.
    6. Matthias Bahr & Leif Laszig, 2021. "Productivity development in the construction industry and human capital: a literature review," Papers 2104.00129, arXiv.org.
    7. Manaresi, Francesco & Palma, Alessandro & Salvatici, Luca & Scrutinio, Vincenzo, 2022. "Managerial input and firm performance. Evidence from a policy experiment," LSE Research Online Documents on Economics 117989, London School of Economics and Political Science, LSE Library.
    8. Andrew B. Bernard & Emmanuel Dhyne & Glenn Magerman & Kalina Manova & Andreas Moxnes, 2019. "The Origins of Firm Heterogeneity: A Production Network Approach," NBER Working Papers 25441, National Bureau of Economic Research, Inc.
    9. Saswat Barpanda & Athira S., 2022. "Cause of Attrition in an Information Technology-Enabled Services Company: A Triangulation Approach," International Journal of Human Capital and Information Technology Professionals (IJHCITP), IGI Global Scientific Publishing, vol. 13(1), pages 1-22, January.
    10. Biro, Aniko & Bisztray, Márta & da Fonseca, João G. & Molnár, Tímea Laura, 2023. "Accident-Induced Absence from Work and Wage Ladders," IZA Discussion Papers 16312, IZA Network @ LISER.
    11. Muñoz, Pablo & Otero, Cristóbal, 2025. "Managers and Public Hospital Performance," CINCH Working Paper Series (since 2020) 83337, Duisburg-Essen University Library, DuEPublico.
    12. Paul Knott & Chatchai Thnarudee, 2022. "Strategic planning as inter-unit coordination: An in depth case study in Thailand," Asia Pacific Journal of Management, Springer, vol. 39(1), pages 201-224, March.
    13. Tianru Qin & Lin Liang & Peng Liang & Wenqun Liang, 2025. "Can industrial robot utilization drive the total factor productivity of enterprises?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(1), pages 129-148, January.
    14. Scur, Daniela & Lemos, Renata & Muralidharan, Karthik, 2021. "Personnel Management and School Productivity: Evidence from India," CEPR Discussion Papers 15659, Centre for Economic Policy Research.
    15. Chen, Sophia & Lee, Do, 2023. "Small and vulnerable: SME productivity in the great productivity slowdown," Journal of Financial Economics, Elsevier, vol. 147(1), pages 49-74.
    16. Daniela Scur & Sarah Wolfolds, 2024. "Revisiting the World Management Survey in Strategy: Applications to Theory and Replication," Strategy Science, INFORMS, vol. 9(1), pages 58-78, March.
    17. Anna Valero, 2021. "Education and management practices," CEP Discussion Papers dp1767, Centre for Economic Performance, LSE.
    18. Elango, B. & Talluri, Srinivas (Sri), 2023. "A study of the impact of cultural dimensions on the operational orientation of manufacturing firms," International Journal of Production Economics, Elsevier, vol. 255(C).
    19. Spencer Bastani & Thomas Giebe & Oliver Gürtler, 2023. "Overconfidence and Gender Equality in the Labor Market," CESifo Working Paper Series 10339, CESifo.
    20. Prat, Andrea & Hansen, Stephen & Sadun, Raffaella & Bandiera, Oriana, 2017. "CEO Behavior and Firm Performance," CEPR Discussion Papers 11960, Centre for Economic Policy Research.
    21. Kampkötter, Patrick & Maier, Patrick, 2020. "The effect of appraisal interviews and target agreements on employee effort - New evidence using representative data," University of Tübingen Working Papers in Business and Economics 136, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    22. Divya Singhvi & Somya Singhvi & Xinyu Zhang, 2026. "A Data-Driven Approach to Improve Artisans’ Productivity in Distributed Supply Chains," Operations Research, INFORMS, vol. 74(1), pages 281-300, January.
    23. Braunerhjelm, Pontus & Lappi, Emma, 2023. "Employees' entrepreneurial human capital and firm performance," Research Policy, Elsevier, vol. 52(2).
    24. Steffen Mueller & Georg Neuschaeffer, 2021. "Worker Participation in Decision‐making, Worker Sorting, and Firm Performance," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 60(4), pages 436-478, October.
    25. Bhattacharya, Sourav & Chakraborty, Pavel & Chatterjee, Chirantan, 2022. "Intellectual property regimes and wage inequality," Journal of Development Economics, Elsevier, vol. 154(C).
    26. Labanca, Claudio & Pozzoli, Dario, 2022. "Hours Constraints and Wage Differentials across Firms," IZA Discussion Papers 14992, IZA Network @ LISER.
    27. Ozgen, Ceren & Cole, Matthew A. & Jabbour, Liza & Yumoto, Hiromi, 2024. "Refugees' Economic Integration and Firms," IZA Discussion Papers 16828, IZA Network @ LISER.
    28. Haylock, Michael & Kampkötter, Patrick & Kosfeld, Michael & von Siemens, Ferdinand, 2023. "Helping and Antisocial Behavior in the Workplace," IZA Discussion Papers 16147, IZA Network @ LISER.
    29. Ohlsbom, Roope, 2021. "Management Practices Drive Productivity – But Not Without Human Capital," ETLA Working Papers 88, The Research Institute of the Finnish Economy.
    30. Joe‐Ming Lee, 2023. "The relationship among employee mobility and corporate governance: Evidence from Taiwan's food industry and technology industry," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 2742-2752, July.
    31. Butschek, Sebastian & Sauermann, Jan, 2019. "The Effect of Employment Protection on Firms' Worker Selection," IZA Discussion Papers 12305, IZA Network @ LISER.
    32. Dylan Nelson & Nathan Wilmers & Letian Zhang, 2025. "Work Organization and Cumulative Advantage," Working Papers 25-18, Center for Economic Studies, U.S. Census Bureau.
    33. Andrea Lamorgese & Megha Patnaik & Andrea Linarello & Fabiano Schivardi, 2024. "Management Practices and Resilience to Shocks: Evidence from COVID-19," Management Science, INFORMS, vol. 70(12), pages 9058-9072, December.
    34. Dorgyles C.M. Kouakou, 2022. "Determinants of employees' participation in decision‐making in developing countries: Does a firm's formal versus informal status matter?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(5), pages 1501-1514, July.
    35. Emma Duchini & Victor Lavy & Stephen Machin & Shqiponja Telhaj, 2025. "Personnel policy in public sector organizations: evidence from England's academy schools," CEP Discussion Papers dp2129, Centre for Economic Performance, LSE.
    36. Chen, Yuyu & Hensel, Lukas & Yao, Xinjue, 2025. "From Followers to Leaders: The Career Impact of High-Quality Managers," IZA Discussion Papers 17848, IZA Network @ LISER.
    37. Cirera,Xavier & Soares Martins Neto,Antonio, 2020. "Do Innovative Firms Pay Higher Wages? : Micro-Level Evidence from Brazil," Policy Research Working Paper Series 9442, The World Bank.
    38. Broszeit, Sandra & Laible, Marie-Christine, 2017. "Examining the link between health measures, management practices and establishment performance," IAB-Discussion Paper 201726, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    39. Simone Haeckl & Mari Rege, 2025. "Effects of Supportive Leadership Behaviors on Employee Satisfaction, Engagement, and Performance: An Experimental Field Investigation," Management Science, INFORMS, vol. 71(1), pages 347-365, January.
    40. Anna Valero, 2021. "Education and economic growth," POID Working Papers 006, Centre for Economic Performance, LSE.
    41. Görg, Holger & Hanley, Aoife, 2017. "Firms' Global Engagement and Management Practices," KCG Working Papers 2, Kiel Centre for Globalization (KCG).
    42. Christopher Cornwell & Ian M. Schmutte & Daniela Scur, 2019. "Building a productive workforce: the role of structured management practices," CEP Discussion Papers dp1644, Centre for Economic Performance, LSE.
    43. Sivropoulos-Valero, Anna Valero, 2021. "Education and management practices," LSE Research Online Documents on Economics 114436, London School of Economics and Political Science, LSE Library.
    44. Alecos Papadopoulos, 2021. "Measuring the effect of management on production: a two-tier stochastic frontier approach," Empirical Economics, Springer, vol. 60(6), pages 3011-3041, June.
    45. Brändle, Tobias & Grunau, Philipp & Haylock, Michael & Kampkötter, Patrick, 2020. "Recruitment strategies and match quality - New evidence from representative linked employer-employee data," University of Tübingen Working Papers in Business and Economics 134, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    46. Mitchell Hoffman & Steven Tadelis, 2018. "People Management Skills, Employee Attrition, and Manager Rewards: An Empirical Analysis," NBER Working Papers 24360, National Bureau of Economic Research, Inc.
    47. Scur, Daniela & Schmutte, Ian & Cornwell, Christopher, 2019. "Building a productive workforce: the role of structured management," CEPR Discussion Papers 13908, Centre for Economic Policy Research.
    48. Alzate,David & Eliana Carranza & Duran-Franch,Joana & Truman G. Packard & Celina Proffen, 2024. "How Regulations Impact the Labor Market : A Review of the Literatures on Product and Labor Market Regulations," Policy Research Working Paper Series 10961, The World Bank.
    49. Desiderio Romero-Jordán & Ismael Sanz-Labrador & José Félix Sanz-Sanz, 2020. "Is the corporation tax a barrier to productivity growth?," Small Business Economics, Springer, vol. 55(1), pages 23-38, June.
    50. Kilian Huber & Volker Lindenthal & Fabian Waldinger, 2020. "Discrimination, Managers, and Firm Performance: Evidence from "Aryanizations" in Nazi Germany," CESifo Working Paper Series 8736, CESifo.
    51. Li, Qing & Hu, Dezhuang & Li, Tang, 2022. "The innovation of family firms in China: New evidence from the China employer-employee survey," China Economic Review, Elsevier, vol. 72(C).
    52. Broszeit, Sandra & Fritsch, Ursula & Görg, Holger & Laible, Marie-Christine, 2016. "Management Practices and Productivity in Germany," IZA Discussion Papers 10370, IZA Network @ LISER.
    53. Shujiang Cao & Shutao Cao, 2025. "Worker Quality, Matching and Productivity Slowdown," Papers 2509.00516, arXiv.org.
    54. Carsten Eckel & Stephen R. Yeaple, 2017. "Too Much of a Good Thing? Labor Market Imperfections as a Source of Exceptional Exporter Performance," NBER Working Papers 23834, National Bureau of Economic Research, Inc.
    55. Julien Sauvagnat & Fabiano Schivardi, 2020. "Are Executives in Short Supply? Evidence from Deaths' Events," Working Papers LuissLab 20154, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    56. Ehmann, Stefanie & Kampkötter, Patrick & Wenzel, Julian & Wolter, Stefanie, 2025. "In the hand of the family: Management practices and perceived job quality," Journal of Economic Behavior & Organization, Elsevier, vol. 237(C).
    57. Kathrin Manthei & Dirk Sliwka & Timo Vogelsang, 2023. "Talking About Performance or Paying for It? A Field Experiment on Performance Reviews and Incentives," Management Science, INFORMS, vol. 69(4), pages 2198-2216, April.
    58. Adam Pilny & Felix Roesel, 2020. "Are Doctors Better Health Ministers?," American Journal of Health Economics, University of Chicago Press, vol. 6(4), pages 498-532.
    59. Poege, Felix & Gaessler, Fabian & Hoisl, Karin & Harhoff, Dietmar & Dorner, Matthias, 2022. "Filling the Gap: The Consequences of Collaborator Loss in Corporate R&D," Rationality and Competition Discussion Paper Series 340, CRC TRR 190 Rationality and Competition.
    60. Feng, Andy & Valero, Anna, 2019. "Skill based management: evidence from manufacturing firms," LSE Research Online Documents on Economics 102603, London School of Economics and Political Science, LSE Library.
    61. Edoardo Di Porto & Marco Pagano & Vincenzo Pezone & Raffaele Saggio & Raffaele Saggio & Fabiano Schivardi, 2024. "Careers and Wages in Family Firms:Evidence from Matched Employer-Employee Data," CSEF Working Papers 736, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    62. Elizabeth Weber Handwerker & James R. Spletzer, 2015. "The Role of Establishments and the Concentration of Occupations in Wage Inequality," Working Papers 15-26, Center for Economic Studies, U.S. Census Bureau.
    63. Anna Valero, 2021. "Education and economic growth," CEP Discussion Papers dp1764, Centre for Economic Performance, LSE.
    64. Chen Xiangxiang & Gu Zhen, 2024. "Accounting Comparability and Labor Productivity: Evidence from China’s A-Share Listed Firms," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 18(1), pages 1-20.
    65. Alessandro Arrighetti & Eleonora Bartoloni & Fabio Landini & Chiara Pollio, 2019. "Exuberant Proclivity Towards Non-Standard Employment:Evidence from Linked Employer-Employee Data," Working Papers 1905, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2019.
    66. Guido Friebel & Matthias Heinz & Mitchell Hoffman & Nick Zubanov, 2022. "What Do Employee Referral Programs Do? Measuring the Direct and Overall Effects of a Management Practice," ECONtribute Discussion Papers Series 164, University of Bonn and University of Cologne, Germany.
    67. Laible Marie-Christine & Görg Holger, 2019. "The German Management and Organizational Practices (GMOP) Survey," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 239(4), pages 723-732, August.
    68. Mertens, Matthias & Müller, Steffen & Neuschäffer, Georg, 2025. "Identifying Rent-sharing Using Firmsʼ Energy Input Mix," IWH Discussion Papers 19/2022, Halle Institute for Economic Research (IWH), revised 2025.
    69. Knutsson, Polina, 2018. "Sorting on Unobserved Skills into New Firms," Working Papers 2018:38, Lund University, Department of Economics.
    70. Xuan Zhang, 2023. "The impact of digital finance on corporate labor productivity: evidence from Chinese-listed companies," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 50(3), pages 527-550, September.
    71. Li, Jianqiang & Ge, Zhiyi & Yu, Jingyi & Yao, Jiatong & Xu, Yan, 2026. "Impact of pension contribution rate reduction policies on labor productivity: Evidence from China," Journal of Asian Economics, Elsevier, vol. 102(C).
    72. Maryam Khosravi & Mahmood Yahyazadehfar & Mohsen Alizadeh Sani, 2023. "Economic growth and human capital in Iran: A phenomenological study in a major Central Asian economy," Asia Pacific Journal of Management, Springer, vol. 40(2), pages 645-679, June.
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