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Serdar Ozkan

Not to be confused with: Serdar Ozkan

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.

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. 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 ()
  2. 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 ()

Working papers

  1. Fatih Guvenen & Serdar Ozkan & Rocio Madera, 2024. "Consumption Dynamics and Welfare under Non-Gaussian Earnings Risk," CESifo Working Paper Series 11135, CESifo.

    Cited by:

    1. 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.

  2. Serdar Ozkan & Joachim Hubmer & Sergio Salgado & Elin Halvorsen, 2023. "Why Are the Wealthiest So Wealthy? A Longitudinal Empirical Investigation," Working Papers 07/2023, Centre for Household Finance and Macroeconomic Research (HOFIMAR), BI Norwegian Business School.

    Cited by:

    1. Audoly, Richard & McGee, Rory & Ocampo Díaz, Sergio & Paz Pardo, Gonzalo, 2024. "The life-cycle dynamics of wealth mobility," CLEF Working Paper Series 68, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    2. Helu Jiang & Yu Zheng & Lijun Zhu, 2024. "Entry Barriers And Growth: The Role Of Endogenous Market Structure," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(3), pages 1221-1248, August.
    3. 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," World Inequality Lab Working Papers halshs-04753529, HAL.
    4. Jean-Baptiste Michau & Yoshiyasu Ono & Matthias Schlegl, 2023. "The Preference for Wealth and Inequality: Towards a Piketty Theory of Wealth Inequality," ISER Discussion Paper 1223, Institute of Social and Economic Research, Osaka University.

  3. Fatih Karahan & Serdar Ozkan & Jae Song, 2022. "Anatomy of Lifetime Earnings Inequality: Heterogeneity in Job Ladder Risk vs. Human Capital," Working Papers 2022-002, Federal Reserve Bank of St. Louis, revised 04 Mar 2023.

    Cited by:

    1. Kevin L. McKinney & John M. Abowd & Hubert P. Janicki, 2021. "U.S. Long-Term Earnings Outcomes by Sex, Race, Ethnicity, and Place of Birth," Working Papers 21-07, Center for Economic Studies, U.S. Census Bureau.
    2. 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.
    3. Elin Halvorsen & Joachim Hubmer & Serdar Ozkan & Sergio Salgado, 2023. "Why Are the Wealthiest So Wealthy? A Longitudinal Empirical Investigation," Working Papers 2023-004, Federal Reserve Bank of St. Louis, revised 13 Jul 2023.
    4. Andrew Caplin & Victoria Gregory & Eungik Lee & Søren Leth-Petersen & Johan Sæverud, 2023. "Subjective Earnings Risk," NBER Working Papers 31019, National Bureau of Economic Research, Inc.
    5. Naijia Guo & Charles Ka Yui Leung, 2021. "Do Elite Colleges Matter? The Impact on Entrepreneurship Decisions and Career Dynamics," ISER Discussion Paper 1126, Institute of Social and Economic Research, Osaka University.
    6. Guner, Nezih & Ruggieri, Alessandro, 2022. "Misallocation and Inequality," CEPR Discussion Papers 17113, C.E.P.R. Discussion Papers.
    7. Victoria Gregory & Guido Menzio & David Wiczer, 2022. "The Alpha Beta Gamma of the Labor Market," Working Papers 22-10, Center for Economic Studies, U.S. Census Bureau.
    8. Campanale, Claudio & Fernández-Bastidas, Rocío, 2023. "Top earners: A labor productivity process," Economics Letters, Elsevier, vol. 229(C).
    9. Serdar Birinci & Fatih Karahan & Yusuf Mercan & Kurt See, 2022. "Labor Market Shocks and Monetary Policy," Working Papers 2022-016, Federal Reserve Bank of St. Louis, revised Sep 2023.
    10. Elin Halvorsen & Hans A Holter & Serdar Ozkan & Kjetil Storesletten, 2024. "Dissecting Idiosyncratic Earnings Risk," Journal of the European Economic Association, European Economic Association, vol. 22(2), pages 617-668.
    11. Elin Halvorsen & Serdar Ozkan & Sergio Salgado, 2022. "Earnings dynamics and its intergenerational transmission: Evidence from Norway," Quantitative Economics, Econometric Society, vol. 13(4), pages 1707-1746, November.
    12. 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.

  4. 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.

    Cited by:

    1. Audoly, Richard & McGee, Rory & Ocampo Díaz, Sergio & Paz Pardo, Gonzalo, 2024. "The life-cycle dynamics of wealth mobility," CLEF Working Paper Series 68, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    2. Moritz Drechsel-Grau & Andreas Peichl & Johannes Friedrich Schmieder & Kai D. Schmid & Hannes Walz & Stefanie Wolter, 2022. "Inequality and Income Dynamics in Germany," CESifo Working Paper Series 9605, CESifo.
    3. 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.
    4. Domenico Depalo & Salvatore Lattanzio, 2023. "The increase in earnings inequality and volatility in Italy: the role and persistence of atypical contracts," Questioni di Economia e Finanza (Occasional Papers) 801, Bank of Italy, Economic Research and International Relations Area.
    5. 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.
    6. 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.
    7. Javier Cortés Orihuela & Juan D. Díaz & Pablo Gutiérrez Cubillos & Pablo A. Troncoso & Gabriel I. Villarroel, 2024. "Intergenerational earnings mobility in Chile: the tale of the upper tail," Empirical Economics, Springer, vol. 67(5), pages 2411-2447, November.
    8. Francis Kramarz & Elio Nimier‐David & Thomas Delemotte, 2022. "Inequality and earnings dynamics in France: National policies and local consequences," Quantitative Economics, Econometric Society, vol. 13(4), pages 1527-1591, November.
    9. Ricky Kanabar, 2024. "Assortative mating and wealth inequality in Great Britain: evidence from the baby boomer and Gen X cohorts," CEPEO Working Paper Series 24-07, UCL Centre for Education Policy and Equalising Opportunities, revised Nov 2024.

  5. Storesletten, Kjetil & Halvorsen, Elin & Holter, Hans & Ozkan, Serdar, 2020. "Dissecting Idiosyncratic Earnings Risk," CEPR Discussion Papers 15395, C.E.P.R. Discussion Papers.

    Cited by:

    1. Püschel, Veronika & Kindermann, Fabian, 2023. "Progressive Pensions as an Incentive for Labor Force Participation," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277643, Verein für Socialpolitik / German Economic Association.
    2. Darapheak Tin & Chung Tran, 2022. "Lifecycle Earnings Risk and Insurance: New Evidence from Australia," ANU Working Papers in Economics and Econometrics 2022-686, Australian National University, College of Business and Economics, School of Economics.
    3. Ragnar Enger Juelsrud & Ella Getz Wold, 2023. "The importance of unemployment risk for individual savings," Working Papers 06/2023, Centre for Household Finance and Macroeconomic Research (HOFIMAR), BI Norwegian Business School.
    4. Edmund Crawley & Martin Holm & Håkon Tretvoll, 2022. "A Parsimonious Model of Idiosyncratic Income," Finance and Economics Discussion Series 2022-026, Board of Governors of the Federal Reserve System (U.S.).
    5. Ana Sofia Pessoa, 2021. "Earnings Dynamics in Germany," CESifo Working Paper Series 9117, CESifo.
    6. Mitman, Kurt & Broer, Tobias & Kramer, John, 2022. "The Curious Incidence of Monetary Policy Across the Income Distribution," CEPR Discussion Papers 17589, C.E.P.R. Discussion Papers.
    7. Joseph G. Altonji & Disa M. Hynsjö & Ivan Vidangos, 2022. "Individual Earnings and Family Income: Dynamics and Distribution," NBER Working Papers 30095, National Bureau of Economic Research, Inc.
    8. 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.

  6. Elin Halvorsen & Hans Holter & Kjetil Storesletten & Serdar Ozkan, 2019. "Dissecting Idiosyncratic Income Risk," 2019 Meeting Papers 1337, Society for Economic Dynamics.

    Cited by:

    1. Pedro Brinca & Miguel H. Ferreira & Francesco Franco & Hans A. Holter & Laurence Malafry, 2017. "Fiscal Consolidation Programs and Income Inequality," CEF.UP Working Papers 1703, Universidade do Porto, Faculdade de Economia do Porto.
    2. , 2020. "Family and Government Insurance: Wage, Earnings, and Income Risks in the Netherlands and the U.S," Opportunity and Inclusive Growth Institute Working Papers 42, Federal Reserve Bank of Minneapolis.
    3. 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.
    4. 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.
    5. De Nardi, Mariacristina & Fella, Giulio & ,, 2020. "Wage Risk and Government and Spousal Insurance," CEPR Discussion Papers 15608, C.E.P.R. Discussion Papers.
    6. Elin Halvorsen & Serdar Ozkan & Sergio Salgado, 2022. "Earnings dynamics and its intergenerational transmission: Evidence from Norway," Quantitative Economics, Econometric Society, vol. 13(4), pages 1707-1746, November.

  7. 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.

    Cited by:

    1. Joachim Hubmer, 2018. "The Job Ladder and its Implications for Earnings Risk," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 29, pages 172-194, July.
    2. 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.

  8. 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. Botosaru, Irene, 2023. "Time-varying unobserved heterogeneity in earnings shocks," Journal of Econometrics, Elsevier, vol. 235(2), pages 1378-1393.
    2. Corsetti, Giancarlo & Lipinska, Anna & Lombardo, Giovanni, 2021. "Sharing Asymmetric Tail Risk: Smoothing, Asset Pricing and Terms of Trade," CEPR Discussion Papers 16443, C.E.P.R. Discussion Papers.
    3. 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.).

  9. Serdar Ozkan & Kurt Mitman & Fatih Karahan & Aaron Hedlund, 2016. "Monetary Policy, Heterogeneity and the Housing Channel," 2016 Meeting Papers 663, Society for Economic Dynamics.

    Cited by:

    1. Thomas Hintermaier & Winfried Koeniger, 2018. "Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission," CESifo Working Paper Series 7088, CESifo.
    2. Baksa, Dániel & Munkácsi, Zsuzsa, 2020. "More Gray, More Volatile? Aging and (Optimal) Monetary Policy," Dynare Working Papers 58, CEPREMAP.
    3. Koeniger, Winfried & Ramelet, Marc-Antoine, 2018. "Home ownership and monetary policy transmission," CFS Working Paper Series 615, Center for Financial Studies (CFS).
    4. Pavel Vikharev & Anna Novak & Andrei Shulgin, 2023. "Inequality and monetary policy: THRANK model," Bank of Russia Working Paper Series wps113, Bank of Russia.
    5. Funke, Michael & Kirkby, Robert & Mihaylovski, Petar, 2018. "House prices and macroprudential policy in an estimated DSGE model of New Zealand," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 152-171.
    6. 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.
    7. Bachman, RÜdiger & Bai, Jinhui & Lee, Minjoon & Zhang, Fudong, 2020. "The Welfare and Distributional Effects of Fiscal Volatility: A Quantitative Evaluation," Working Papers 2020-2, School of Economic Sciences, Washington State University.
    8. Bruno Albuquerque, 2019. "One Size Fits All? Monetary Policy and Asymmetric Household Debt Cycles in U.S. States," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(5), pages 1309-1353, August.
    9. John Muellbauer, 2016. "Macroeconomics and Consumption," Economics Series Working Papers Paper-811, University of Oxford, Department of Economics.
    10. Cloyne, James & Ferreira, Clodomiro & Surico, Paolo, 2016. "Monetary policy when households have debt: new evidence on the transmission mechanism," Bank of England working papers 589, Bank of England.
    11. Carlos Garriga & Finn E. Kydland & Roman Šustek, 2019. "MoNK: Mortgages in a New-Keynesian Model," NBER Working Papers 26427, National Bureau of Economic Research, Inc.
    12. Parra-Alvarez, Juan Carlos & Posch, Olaf & Wang, Mu-Chun, 2020. "Estimation of heterogeneous agent models: A likelihood approach," Discussion Papers 42/2020, Deutsche Bundesbank.
    13. Carlos Garriga & Aaron Hedlund, 2019. "Crises in the Housing Market: Causes, Consequences, and Policy Lessons," Working Papers 2019-33, Federal Reserve Bank of St. Louis.
    14. Soyoung Lee, 2023. "The Macroeconomic Effects of Debt Relief Policies During Recessions," Staff Working Papers 23-48, Bank of Canada.
    15. Benjamin Pugsley & Hannah Rubinton, 2019. "Inequality in the Welfare Costs of Disinflation," Working Papers 2020-021, Federal Reserve Bank of St. Louis, revised 23 Sep 2021.
    16. Dias, Daniel A. & Duarte, João B., 2015. "Monetary Policy and Homeownership: Empirical Evidence, Theory, and Policy Implications," MPRA Paper 112252, University Library of Munich, Germany, revised 05 Mar 2021.
    17. Martin Flodén & Matilda Kilström & Jósef Sigurdsson & Roine Vestman, 2021. "Household Debt and Monetary Policy: Revealing the Cash-Flow Channel," The Economic Journal, Royal Economic Society, vol. 131(636), pages 1742-1771.
    18. Namkhaijantsan, Ninjin, 2018. "Consumption and Savings Behaviour under Household Heterogeneity and Mortgage Debt," MPRA Paper 107033, University Library of Munich, Germany.
    19. Ruediger Bachmann & Jinhui Bai & Minjoon Lee & Fudong Zhang, 2020. "Online Appendix to "The Welfare and Distributional Effects of Fiscal Volatility: a Quantitative Evaluation"," Online Appendices 18-207, Review of Economic Dynamics.
    20. Ekaterina Pirozhkova & Nicola Viegi, 2024. "The Bank Lending Channel of Monetary Policy Transmission in South Africa," Working Papers 202443, University of Pretoria, Department of Economics.
    21. Juan Carlos Parra‐Alvarez & Olaf Posch & Mu‐Chun Wang, 2023. "Estimation of Heterogeneous Agent Models: A Likelihood Approach," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(2), pages 304-330, April.
    22. Myroslav Pidkuyko, 2019. "Heterogeneous spillovers of housing credit policy," Working Papers 1940, Banco de España.
    23. Cumming, Fergus, 2022. "Mortgage cash-flows and employment," European Economic Review, Elsevier, vol. 144(C).
    24. Luzie Thiel, 2023. "Monetary Policy and Inequality: A Two-way Relation," MAGKS Papers on Economics 202304, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    25. Aikman, David & Beale, Daniel & Brinley-Codd, Adam & Covi, Giovanni & Hüser, Anne‑Caroline & Lepore, Caterina, 2023. "Macroprudential stress‑test models: a survey," Bank of England working papers 1037, Bank of England.
    26. Zhang, Xiaoyu & Pan, Fanghui, 2021. "Asymmetric effects of monetary policy and output shocks on the real estate market in China," Economic Modelling, Elsevier, vol. 103(C).
    27. Arlene Wong, 2021. "Refinancing and The Transmission of Monetary Policy to Consumption," Working Papers 2021-57, Princeton University. Economics Department..
    28. David F Hendry & John N J Muellbauer, 2018. "The future of macroeconomics: macro theory and models at the Bank of England," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 34(1-2), pages 287-328.
    29. Cumming, Fergus, 2018. "Mortgages, cash-flow shocks and local employment," Bank of England working papers 773, Bank of England.
    30. Minjoon Lee & Jinhui Bai & Fudong Zhang & Ruediger Bachmann, 2014. "The Welfare Costs of Fiscal Uncertainty: a Quantitative Evaluation," 2014 Meeting Papers 744, Society for Economic Dynamics.
    31. Winfried Koeniger & Benedikt Lennartz & Dr. Marc-Antoine Ramelet, 2021. "On the transmission of monetary policy to the housing market," Working Papers 2021-06, Swiss National Bank.
    32. Amina Enkhbold, 2023. "Monetary Policy Transmission, Bank Market Power, and Wholesale Funding Reliance," Staff Working Papers 23-35, Bank of Canada.
    33. Muellbauer, John, 2018. "The Future of Macroeconomics," INET Oxford Working Papers 2018-10, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    34. Valérie Chauvin & John Muellbauer, 2018. "Consumption, household portfolios and the housing market in France," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 500-501-5, pages 157-178.
    35. Head, Allen & Sun, Hongfei & Zhou, Chenggang, 2023. "Indebted sellers, liquidity and mortgage standards," European Economic Review, Elsevier, vol. 151(C).
    36. Myroslav Pidkuyko, 2022. "Online Appendix to "Heterogeneous Spillovers of Housing Credit Policy"," Online Appendices 21-100, Review of Economic Dynamics.
    37. Ben Moll, 2020. "The Research Agenda: Ben Moll on the Rich Interactions between Inequality and the Macroeconomy," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 21(2), November.
    38. Juan Carlos Parra-Alvarez & Olaf Posch & Mu-Chun Wang, 2017. "Identification and estimation of heterogeneous agent models: A likelihood approach," CREATES Research Papers 2017-35, Department of Economics and Business Economics, Aarhus University.

  10. 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. Champagne, Julien & Kurmann, Andre & Stewart, Jay, 2016. "Reconciling the Divergence in Aggregate U.S. Wage Series," IZA Discussion Papers 9754, Institute of Labor Economics (IZA).
    2. 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.
    3. Yongsung Chang & Jay Hong & Marios Karabarbounis & Yicheng Wang & Tao Zhang, 2021. "Online Appendix to "Income Volatility and Portfolio Choices"," Online Appendices 20-409, Review of Economic Dynamics.
    4. Martin Eichenbaum & Sergio Rebelo & Arlene Wong, 2022. "State-Dependent Effects of Monetary Policy: The Refinancing Channel," American Economic Review, American Economic Association, vol. 112(3), pages 721-761, March.
    5. John Grigsby & Erik Hurst, 2019. "Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data," 2019 Meeting Papers 153, Society for Economic Dynamics.
    6. Ricardo Reis & Alisdair McKay, 2015. "Optimal Automatic Stabilizers," 2015 Meeting Papers 608, Society for Economic Dynamics.
    7. 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.
    8. J. Carter Braxton & Kyle F. Herkenhoff & Jonathan L. Rothbaum & Lawrence Schmidt, 2021. "Changing Income Risk across the US Skill Distribution: Evidence from a Generalized Kalman Filter," NBER Working Papers 29567, National Bureau of Economic Research, Inc.
    9. 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.
    10. 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.
    11. Andrea Garnero & Alexander Hijzen & Sébastien Martin, 2016. "More unequal, but more mobile?: Earnings inequality and mobility in OECD countries," OECD Social, Employment and Migration Working Papers 177, OECD Publishing.
    12. 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.
    13. Sang Yoon (Tim) Lee & Yongseok Shin & Donghoon Lee, 2015. "The Option Value of Human Capital: Higher Education and Wage Inequality," NBER Working Papers 21724, National Bureau of Economic Research, Inc.
    14. Aubhik Khan, 2016. "Aggregate Fluctuations in a Quantitative Overlapping Generations Economy with Unemployment Risk," 2016 Meeting Papers 1468, Society for Economic Dynamics.
    15. 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.
    16. Giesecke, Matthias & Bönke, Timm & Lüthen, Holger, 2011. "The Dynamics of Earnings in Germany: Evidence from Social Security Records," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48692, Verein für Socialpolitik / German Economic Association.
    17. Hector Moreno & Francois Bourguignon & Hai-Anh Dang, 2021. "On Synthetic Income Panels," Working Papers 577, ECINEQ, Society for the Study of Economic Inequality.
    18. 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.
    19. Chen, Li-Shiun & Wang, Ping & Yao, Yao, 2018. "Power of personalized smoking cessation: A unified lifecycle framework for policy evaluation," Working Paper Series 20333, Victoria University of Wellington, School of Economics and Finance.
    20. , 2020. "Family and Government Insurance: Wage, Earnings, and Income Risks in the Netherlands and the U.S," Opportunity and Inclusive Growth Institute Working Papers 42, Federal Reserve Bank of Minneapolis.
    21. Jianmin Shi, 2020. "Optimal control of multiple Markov switching stochastic system with application to portfolio decision," Papers 2010.16102, arXiv.org.
    22. Callum Jones, 2018. "Aging, Secular Stagnation and the Business Cycle," IMF Working Papers 2018/067, International Monetary Fund.
    23. Lukasz Rachel & Lawrence H. Summers, 2019. "On Secular Stagnation in the Industrialized World," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 50(1 (Spring), pages 1-76.
    24. Joachim Hubmer, 2018. "The Job Ladder and its Implications for Earnings Risk," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 29, pages 172-194, July.
    25. 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.
    26. John Muellbauer, 2016. "Macroeconomics and Consumption," Economics Series Working Papers Paper-811, University of Oxford, Department of Economics.
    27. Mikhail Golosov & Aleh Tsyvinski & Nicolas Werquin, 2016. "Recursive Contracts and Endogenously Incomplete Markets," NBER Working Papers 22012, National Bureau of Economic Research, Inc.
    28. Gabaix, Xavier & Moll, Benjamin & Lasry, Jean-Michel & Lions, Pierre-Louis, 2015. "The Dynamics of Inequality," CEPR Discussion Papers 11028, C.E.P.R. Discussion Papers.
    29. Kimberly A. Berg & Chadwick C. Curtis & Steven Lugauer & Nelson C. Mark, 2019. "Demographics and Monetary Policy Shocks," NBER Working Papers 25970, National Bureau of Economic Research, Inc.
    30. Amengual, D.; Bueren, J.; Crego, J.A.;, 2017. "Endogenous Health Groups and Heterogeneous Dynamics of the Elderly," Health, Econometrics and Data Group (HEDG) Working Papers 17/18, HEDG, c/o Department of Economics, University of York.
    31. Sarantis Tsiaplias, 2021. "Consumer inflation expectations, income changes and economic downturns," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 36(6), pages 784-807, September.
    32. Hero Ashman & Seth Neumuller, 2020. "Can Income Differences Explain the Racial Wealth Gap: A Quantitative Analysis," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 35, pages 220-239, January.
    33. Teresa Ghilarducci & Michael Papadopoulos & Siavash Radpour, 2017. "Relative Wages in Aging America: The Baby Boomer Effect," SCEPA working paper series. 2017-03, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    34. Tetsugen HARUYAMA, 2021. "A Schumpeterian Exploration of Gini and Top/Bottom Income Shares," Discussion Papers 2125, Graduate School of Economics, Kobe University.
    35. Preston Mui & Benjamin Schoefer, 2021. "Reservation Raises: The Aggregate Labor Supply Curve at the Extensive Margin," NBER Working Papers 28770, National Bureau of Economic Research, Inc.
    36. 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.
    37. Druedahl Jeppe & Jørgensen Thomas H., 2017. "Persistent vs. Permanent Income Shocks in the Buffer-Stock Model," The B.E. Journal of Macroeconomics, De Gruyter, vol. 17(1), pages 1-16, January.
    38. Kraft, Holger & Munk, Claus & Wagner, Sebastian, 2015. "Housing habits and their implications for life-cycle consumption and investment," SAFE Working Paper Series 85, Leibniz Institute for Financial Research SAFE, revised 2015.
    39. Agustin Velasquez & Svetlana Vtyurina, 2019. "How Does Taxation Affect Hours Worked in EU New Member States?," IMF Working Papers 2019/130, International Monetary Fund.
    40. Mariacristina De Nardi & Giulio Fella & Gonzalo Paz-Pardo, 2018. "Nonlinear household earnings dynamics, self-insurance, and welfare," Discussion Papers 1817, Centre for Macroeconomics (CFM).
    41. 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.
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    66. Mons Chan & Ming Xu & Sergio Salgado, 2019. "Heterogeneous Passthrough from TFP to Wages," 2019 Meeting Papers 1447, Society for Economic Dynamics.
    67. Campanale, Claudio & Fernández-Bastidas, Rocío, 2023. "Top earners: A labor productivity process," Economics Letters, Elsevier, vol. 229(C).
    68. Chong Wang & Neng Wang & Jinqiang Yang, 2013. "Optimal Consumption and Savings with Stochastic Income and Recursive Utility," NBER Working Papers 19319, National Bureau of Economic Research, Inc.
    69. Botosaru, Irene, 2023. "Time-varying unobserved heterogeneity in earnings shocks," Journal of Econometrics, Elsevier, vol. 235(2), pages 1378-1393.
    70. Gálvez, Julio & Paz-Pardo, Gonzalo, 2023. "Richer earnings dynamics, consumption and portfolio choice over the life cycle," Working Paper Series 2810, European Central Bank.
    71. Makoto Nakajima, 2019. "Cyclical Labor Income Risk," 2019 Meeting Papers 1233, Society for Economic Dynamics.
    72. Edmund Crawley & Martin Holm & Håkon Tretvoll, 2022. "A Parsimonious Model of Idiosyncratic Income," Finance and Economics Discussion Series 2022-026, Board of Governors of the Federal Reserve System (U.S.).
    73. 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).
    74. Christopher D. Carroll & Edmund Crawley, 2017. "Comment on "When Inequality Matters for Macro and Macro Matters for Inequality"," NBER Chapters, in: NBER Macroeconomics Annual 2017, volume 32, pages 76-92, National Bureau of Economic Research, Inc.
    75. Bilbiie, F. & Primiceri, G. E. & Tambalotti, A., 2022. "Inequality and Business Cycles," Cambridge Working Papers in Economics 2275, Faculty of Economics, University of Cambridge.
    76. 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.
    77. Tao Wang, 2023. "Perceived versus Calibrated Income Risks in Heterogeneous-Agent Consumption Models," Staff Working Papers 23-59, Bank of Canada.
    78. 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.
    79. Elin Halvorsen & Serdar Ozkan & Sergio Salgado, 2022. "Earnings dynamics and its intergenerational transmission: Evidence from Norway," Quantitative Economics, Econometric Society, vol. 13(4), pages 1707-1746, November.
    80. Yongsung Chang & Jay Hong & Marios Karabarbounis & Yicheng Wang, 2018. "Income Volatility and Portfolio Choices," 2018 Meeting Papers 412, Society for Economic Dynamics.
    81. Raffaella Giacomini & Sokbae Lee & Silvia Sarpietro, 2023. "A Robust Method for Microforecasting and Estimation of Random Effects," Working Paper Series WP 2023-26, Federal Reserve Bank of Chicago.
    82. 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.
    83. 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.
    84. 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.
    85. THELOUDIS Alexandros, 2017. "Consumption Inequality across Heterogeneous Families," LISER Working Paper Series 2017-18, Luxembourg Institute of Socio-Economic Research (LISER).
    86. 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.
    87. 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.
    88. Francis Kramarz & Elio Nimier‐David & Thomas Delemotte, 2022. "Inequality and earnings dynamics in France: National policies and local consequences," Quantitative Economics, Econometric Society, vol. 13(4), pages 1527-1591, November.
    89. Joseph G. Altonji & Disa M. Hynsjö & Ivan Vidangos, 2022. "Individual Earnings and Family Income: Dynamics and Distribution," NBER Working Papers 30095, National Bureau of Economic Research, Inc.
    90. 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.
    91. Devereux, Kevin, 2018. "Identifying the value of teamwork: Application to professional tennis," CLEF Working Paper Series 14, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    92. Ivan Lagrosa, 2022. "Income dynamics in dual labor markets," Working Papers wp2022_2209, CEMFI.
    93. Matthias Krapf, 2023. "Does Income Risk Affect the Wealth Distribution?," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 49(4), pages 475-515, October.
    94. Mariacristina De Nardi, 2015. "Quantitative Models of Wealth Inequality: A Survey," NBER Working Papers 21106, National Bureau of Economic Research, Inc.
    95. Erzo G. J. Luttmer, 2015. "An Assignment Model of Knowledge Diffusion and Income Inequality," Staff Report 509, Federal Reserve Bank of Minneapolis.
    96. Ricardo T. Fernholz, 2016. "A Statistical Model of Inequality," Papers 1601.04093, arXiv.org.
    97. Marlon Azinovic & Luca Gaegauf & Simon Scheidegger, 2022. "Deep Equilibrium Nets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(4), pages 1471-1525, November.
    98. Nobuhiro Kiyotaki & Shengxing Zhang, 2018. "Intangibles, Inequality and Stagnation," 2018 Meeting Papers 110, Society for Economic Dynamics.
    99. Gabriella Grosz & Gabor Izsak & Alexandr Maxim Palicz & Katinka Szasz, 2023. "Improving Access to Credit for First-Time Home Buyers under Borrower-Based Measures," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 22(2), pages 25-53.
    100. Michael Boutros & Nuno Clara & Francisco Gomes, 2023. "Borrow Now, Pay Even Later: A Quantitative Analysis of Student Debt Payment Plans," Staff Working Papers 23-54, Bank of Canada.
    101. 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.).
    102. 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).
    103. Job Boerma & Aleh Tsyvinski & Alexander P. Zimin, 2022. "Bunching and Taxing Multidimensional Skills," Papers 2204.13481, arXiv.org.
    104. 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.
    105. Nobuhiro Kiyotaki & Shengxing Zhang, 2018. "Intangibles, Inequality and Stagnation," Working Papers 2018-15, Princeton University. Economics Department..
    106. Dan Ben-Moshe, 2023. "Identifying an Earnings Process With Dependent Contemporaneous Income Shocks," Papers 2303.08460, arXiv.org, revised May 2023.
    107. Bell, Brian & Bloom, Nicholas & Blundell, Jack, 2022. "Income dynamics in the United Kingdom and the impact of the Covid-19 recession," LSE Research Online Documents on Economics 117637, London School of Economics and Political Science, LSE Library.
    108. 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.
    109. Stephen Snudden, 2024. "Idiosyncratic Asset Return and Wage Risk of US Households," LCERPA Working Papers jc0144, Laurier Centre for Economic Research and Policy Analysis.
    110. 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.
    111. Gallipoli, Giovanni, 2023. "Comments on unequal growth," Journal of Monetary Economics, Elsevier, vol. 133(C), pages 19-24.
    112. Andrew Caplin, 2024. "A Comment on: “Presidential Address: Economics and Measurement: New Measures to Model Decision Making” by Ingvild Almås, Orazio Attanasio, and Pamela Jervis," Econometrica, Econometric Society, vol. 92(4), pages 979-985, July.
    113. Roger E A Farmer, 2019. "The Indeterminacy Agenda in Macroeconomics," National Institute of Economic and Social Research (NIESR) Discussion Papers 507, National Institute of Economic and Social Research.
    114. soyoung Lee, 2018. "The Role of Firm Heterogeneity in the Earnings Inequality," 2018 Meeting Papers 1155, Society for Economic Dynamics.
    115. Staley, Mark, 2018. "The Knowledge-Diffusion Bottleneck in Economic Growth and Development," MPRA Paper 87255, University Library of Munich, Germany.
    116. 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.
    117. Ghosh, Anisha & Theloudis, Alexandros, 2023. "Consumption Partial Insurance in the Presence of Tail Income Risk," Other publications TiSEM c8da0a17-57cb-40bf-ab61-6, Tilburg University, School of Economics and Management.
    118. 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).
    119. Inkmann, Joachim, 2024. "Aggregate portfolio choice," Journal of Empirical Finance, Elsevier, vol. 77(C).

  12. 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. Serdar Ozkan & Kurt Mitman & Fatih Karahan & Aaron Hedlund, 2017. "Monetary Policy, Heterogeneity, and the Housing Channel," 2017 Meeting Papers 1610, Society for Economic Dynamics.
    2. Alejandro Badel & Mark Huggett, 2014. "Taxing top earners: a human capital perspective," Working Papers 2014-17, Federal Reserve Bank of St. Louis.
    3. Corina Boar, 2020. "Dynastic Precautionary Savings," NBER Working Papers 26635, National Bureau of Economic Research, Inc.
    4. Fatih Guvenen & Fatih Karahan & Serdar Ozkan, 2018. "Consumption and Savings Under Non-Gaussian Income Risk," 2018 Meeting Papers 314, Society for Economic Dynamics.
    5. 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.
    6. Corina Boar, 2017. "Dynastic Precautionary Savings," 2017 Meeting Papers 343, Society for Economic Dynamics.
    7. 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.
    8. Mikhail Golosov & Maxim Troshkin & Aleh Tsyvinski, 2016. "Redistribution and Social Insurance," American Economic Review, American Economic Association, vol. 106(2), pages 359-386, February.
    9. 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.
    10. 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.

  13. Fatih Guvenen & Burhanettin Kuruscu & 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. Alexander Bick & Nicola Fuchs-Schündeln, 2018. "Taxation and Labour Supply of Married Couples across Countries: A Macroeconomic Analysis," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(3), pages 1543-1576.
    2. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2014. "Optimal Tax Progressivity: An Analytical Framework," Staff Report 496, Federal Reserve Bank of Minneapolis.
    3. 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.
    4. 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.
    5. Thomas Hintermaier & Winfried Koeniger, 2018. "Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission," CESifo Working Paper Series 7088, CESifo.
    6. 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).
    7. Hans A. Holter & Dirk Krueger & Serhiy Stepanchuk, 2014. "How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves?," NBER Working Papers 20688, National Bureau of Economic Research, Inc.
    8. Fatih Guvenen, 2011. "Macroeconomics with hetereogeneity : a practical guide," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 97(3Q), pages 255-326.
    9. Daniele Coen-Pirani, 2017. "Geographic Mobility and Redistribution - A Macro-Economic Analysis," 2017 Meeting Papers 1079, Society for Economic Dynamics.
    10. David Lagakos & Benjamin Moll & Tommaso Porzio & Nancy Qian, 2012. "Experience Matters: Human Capital and Development Accounting," Working Papers 2012-021, Human Capital and Economic Opportunity Working Group.
    11. Andrés Erosa & Luisa Fuster & Gueorgui Kambourov, 2011. "Labor supply and government programs: A cross-country analysis," Working Papers 2011-08, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales, revised 19 Oct 2011.
    12. Musab Kurnaz & Mehmet Soytas, 2019. "Early Childhood Investment and Income Taxation," 2019 Meeting Papers 290, Society for Economic Dynamics.
    13. Alejandro Badel & Mark Huggett, 2014. "Taxing top earners: a human capital perspective," Working Papers 2014-17, Federal Reserve Bank of St. Louis.
    14. Oded Galor & Marc Klemp & Daniel C. Wainstock, 2023. "Roots of Inequality," NBER Working Papers 31580, National Bureau of Economic Research, Inc.
    15. Kazushige Matsuda, 2024. "Progressive Taxation versus College Subsidies with College Dropout," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(4), pages 955-975, June.
    16. Parro, Francisco, 2024. "Unveiling the impact of income taxes on inequality in a HACT model," Journal of Macroeconomics, Elsevier, vol. 79(C).
    17. Du Rietz, Gunnar & Henrekson, Magnus & Waldenström, Daniel, 2012. "Swedish Inheritance and Gift Taxation, 1885–2004," Working Paper Series 2012:18, Uppsala University, Department of Economics, revised 04 Aug 2015.
    18. Michael P. Keane & Nada Wasi, 2016. "Labour Supply: the Roles of Human Capital and the Extensive Margin," Economics Papers 2016-W05, Economics Group, Nuffield College, University of Oxford.
    19. Freddy Heylen & Renaat Van de Kerckhove, 2014. "Heterogeneous ability and the effects of fiscal policy on employment, income and welfare in general equilibrium," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 14/898, Ghent University, Faculty of Economics and Business Administration.
    20. Adnen Ben Nasr & Mehmet Balcilar & Rangan Gupta & Seyi Saint Akadiri, 2018. "Asymmetric Effects of Inequality on Per Capita Real GDP of the United States," Working Papers 201820, University of Pretoria, Department of Economics.
    21. Kerr, William R., 2014. "Income inequality and social preferences for redistribution and compensation differentials," Journal of Monetary Economics, Elsevier, vol. 66(C), pages 62-78.
    22. Abraham, Arpad; Koehne, Sebastian; Pavoni, Nicola, 2014. "Optimal Income Taxation with Asset Accumulation," Economics Working Papers ECO2014/14, European University Institute.
    23. Ian Fillmore & Trevor Gallen, 2019. "Heterogeneity in Talent or in Tastes? Implications for Redistributive Taxation," 2019 Meeting Papers 94, Society for Economic Dynamics.
    24. Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2014. "Heterogeneity and Government Revenues: Higher Taxes at the Top?," IZA Discussion Papers 8335, Institute of Labor Economics (IZA).
    25. Laun, Tobias & Wallenius, Johanna, 2013. "Social Insurance and Retirement: A Cross-Country Perspective," Working Paper Series, Center for Fiscal Studies 2013:6, Uppsala University, Department of Economics.
    26. Alexander Ludwig & Dirk Krueger, 2015. "Optimal Capital and Progressive Labor Income Taxation with Endogenous Schooling Decisions and Intergenerational Transfers," 2015 Meeting Papers 334, Society for Economic Dynamics.
    27. NIREI Makoto, 2011. "Investment Risk, Pareto Distribution, and the Effects of Tax," Discussion papers 11015, Research Institute of Economy, Trade and Industry (RIETI).
    28. Fatih Guvenen & Fatih Karahan & Serdar Ozkan, 2018. "Consumption and Savings Under Non-Gaussian Income Risk," 2018 Meeting Papers 314, Society for Economic Dynamics.
    29. Vera Tolstova, 2021. "Marital Sorting and Cross-Country Differences in Intergenerational Earnings Persistence," CERGE-EI Working Papers wp680, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    30. William Peterman, 2016. "The effect of endogenous human capital accumulation on optimal taxation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 21, pages 46-71, July.
    31. Manasi Deshpande & Rebecca Dizon-Ross, 2023. "The (Lack of) Anticipatory Effects of the Social Safety Net on Human Capital Investment," NBER Working Papers 31512, National Bureau of Economic Research, Inc.
    32. Krueger, Dirk & Ludwig, Alexander, 2015. "On the optimal provision of social insurance," SAFE Working Paper Series 110 [rev.], Leibniz Institute for Financial Research SAFE, revised 2015.
    33. Krueger, Dirk & Ludwig, Alexander, 2016. "On the optimal provision of social insurance: Progressive taxation versus education subsidies in general equilibrium," Journal of Monetary Economics, Elsevier, vol. 77(C), pages 72-98.
    34. William B. Peterman, 2015. "Taxing Capital? The Importance of How Human Capital is Accumulated," Finance and Economics Discussion Series 2015-117, Board of Governors of the Federal Reserve System (U.S.).
    35. Fatih Karahan & Serdar Ozkan, 2013. "On the Persistence of Income Shocks over the Life Cycle: Evidence, Theory, and Implications," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(3), pages 452-476, July.
    36. Eeckhout, Jan & Guner, Nezih, 2015. "Optimal Spatial Taxation: Are Big Cities Too Small?," IZA Discussion Papers 8781, Institute of Labor Economics (IZA).
    37. Yena Park, 2014. "Constrained Efficiency in a Risky Human Capital Model," RCER Working Papers 585, University of Rochester - Center for Economic Research (RCER).
    38. Gustavo Ventura & Andrii Parkhomenko & Nezih Guner, 2015. "Managers and Productivity Differences," 2015 Meeting Papers 784, Society for Economic Dynamics.
    39. Christopher Herrington, 2015. "Public Education Financing, Earnings Inequality, and Intergenerational Mobility," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(4), pages 822-842, October.
    40. Tom Krebs & Moritz Kuhn & Mark Wright, 2016. "Insurance in human capital models with limited enforcement," CAMA Working Papers 2016-48, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    41. Diana Alessandrini, 2021. "Progressive Taxation and Economic Stability," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(2), pages 422-452, April.
    42. Kirill Shakhnov, 2022. "The Allocation of Talent: Finance versus Entrepreneurship," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 161-195, October.
    43. Kerk Phillips & Richard W. Evans & Jason DeBacker, 2017. "Integrating Microsimulation Tax Functions into a DGE Macroeconomic Model: A Canonical Example," EcoMod2017 10191, EcoMod.
    44. Adnen Ben Nasr & Mehmet Balcilar & Rangan Gupta & Seyi Saint Akadiri, 2020. "Asymmetric effects of inequality on real output levels of the United States," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(1), pages 47-69, March.
    45. Moritz Kuhn & Mark Wright & Tom Krebs, 2012. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," 2012 Meeting Papers 159, Society for Economic Dynamics.
    46. Brant Abbott & Giovanni Gallipoli, 2015. "Human Capital Spillovers and the Geography of Intergenerational Mobility," 2015 Meeting Papers 319, Society for Economic Dynamics.
    47. Brinca, Pedro & Holter, Hans A. & Krusell, Per & Malafry, Laurence, 2016. "Fiscal multipliers in the 21st century," Journal of Monetary Economics, Elsevier, vol. 77(C), pages 53-69.
    48. Slavik, Ctirad & Yazici, Hakki, 2015. "Determinants of Wage and Earnings Inequality in the United States," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113021, Verein für Socialpolitik / German Economic Association.
    49. Alonso-Ortiz, Jorge, 2014. "Social security and retirement across the OECD," Journal of Economic Dynamics and Control, Elsevier, vol. 47(C), pages 300-316.
    50. Christopher Herrington, 2013. "Public Education Financing Systems, Earnings Inequality, and Intergenerational Mobility," 2013 Meeting Papers 1233, Society for Economic Dynamics.
    51. Blandin, Adam, 2018. "Learning by Doing and Ben-Porath: Life-cycle Predictions and Policy Implications," Journal of Economic Dynamics and Control, Elsevier, vol. 90(C), pages 220-235.
    52. Youngsoo Jang, 2023. "Credit, Default, And Optimal Health Insurance," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(3), pages 943-977, August.
    53. Vardan Baghdasaryan & Hayk Hambardzumyan, 2017. "Optimal Income tax rates with non-democratic political constraints: case of Armenia," EcoMod2017 10405, EcoMod.
    54. Bhattacharya, Dhritiman & Guner, Nezih & Ventura, Gustavo, 2011. "Distortions, Endogenous Managerial Skills and Productivity Differences," IZA Discussion Papers 5963, Institute of Labor Economics (IZA).
    55. Andra Filote & Georgi Kocharkov & Jan Mellert, 2017. "Teenage Childbearing and the Welfare State," Working Paper Series of the Department of Economics, University of Konstanz 2017-01, Department of Economics, University of Konstanz.
    56. Fang, Lei & Yang, Fang, 2022. "Consumption and hours in the United States and Europe," Journal of Economic Dynamics and Control, Elsevier, vol. 144(C).
    57. Dirk Krueger & Alexander Ludwig, 2013. "Optimal Progressive Labor Income Taxation and Education Subsidies When Education Decisions and Intergenerational Transfers Are Endogenous," American Economic Review, American Economic Association, vol. 103(3), pages 496-501, May.
    58. Sang Yoon (Tim) Lee, 2019. "Entrepreneurs, managers and inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 42-67, April.
    59. Holter, Hans A, 2011. "Accounting for Cross-Country Differences in Intergenerational Earnings Persistence: The Impact of Taxation and Public Education Expenditure," Working Paper Series, Center for Fiscal Studies 2011:14, Uppsala University, Department of Economics.
    60. Ryosuke Okazawa, 2013. "Skill-biased technical change, educational choice, and labor market polarization: the U.S. versus Europe," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 11(3), pages 321-342, September.
    61. Wu, Chunzan, 2021. "More unequal income but less progressive taxation," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 949-968.
    62. Castelluccio, Marco, 2021. "Flat tax? Maybe not a bad idea after all," Research in Economics, Elsevier, vol. 75(1), pages 60-78.
    63. Alexander Ludwig & Dirk Krueger, 2010. "Optimal Progressive Taxation and Education Subsidies in a Model of Endogenous Human Capital Formation," 2010 Meeting Papers 388, Society for Economic Dynamics.
    64. 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.
    65. 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).
    66. Nicola Fuchs-Schündeln & Alexander Bick, 2014. "Taxation and Labor Supply of Married Women across Countries: A Macroeconomic Analysis," 2014 Meeting Papers 321, Society for Economic Dynamics.
    67. Laura K. Gee & Marco Migueis & Sahar Parsa, 2017. "Redistributive choices and increasing income inequality: experimental evidence for income as a signal of deservingness," Experimental Economics, Springer;Economic Science Association, vol. 20(4), pages 894-923, December.
    68. Adam Blandin, 2015. "Disciplining the Human Capital Model: Learning By Doing, Ben-Porath, and Policy Analysis," 2015 Meeting Papers 1147, Society for Economic Dynamics.
    69. 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.
    70. Nezih Guner & Remzi Kaygusuz & Gustavo Ventura, 2013. "Income Taxation of U.S. Households: Facts and Parametric Estimates," Working Papers 705, Barcelona School of Economics.
    71. Gaston Navarro & Axelle Ferriere & Daniel Feenberg, 2017. "Evolution of Tax Progressivity in the U.S.: New Estimates and Welfare Implications," 2017 Meeting Papers 989, Society for Economic Dynamics.
    72. Pham-Dao, Lien, 2016. "Public Insurance and Wealth Inequality - A Euro Area Analysis," VfS Annual Conference 2016 (Augsburg): Demographic Change 145942, Verein für Socialpolitik / German Economic Association.
    73. Rachel Ngai & Lei Fang & Robert Duval Hernandez, 2017. "Taxes and Market Hours -- the Role of Gender and Skill," 2017 Meeting Papers 680, Society for Economic Dynamics.
    74. Adam Blandin, 2021. "Human Capital And The Social Security Tax Cap," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(4), pages 1599-1626, November.
    75. Lei Fang & Fang Yang, 2021. "Consumption and Hours between the United States and France," FRB Atlanta Working Paper 2021-7, Federal Reserve Bank of Atlanta.
    76. Heylen, Freddy & Van de Kerckhove, Renaat, 2019. "Getting low educated and older people into work: The role of fiscal policy," Journal of Policy Modeling, Elsevier, vol. 41(4), pages 586-606.
    77. Alonso Ortiz, Jorge, 2009. "Social security and retirement across OECD countries," MPRA Paper 18752, University Library of Munich, Germany.
    78. Rong Hai, 2013. "The Determinants of Rising Inequality in Health Insurance and Wages, Second Version," PIER Working Paper Archive 13-071, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 21 Dec 2013.
    79. Pedro Silos & German Cubas, 2017. "Risk Taking to Succeed: Occupational Choice and the Positive Effects of Progressive Taxation," 2017 Meeting Papers 1581, Society for Economic Dynamics.
    80. Rong Hai, 2013. "The Determinants of Rising Inequality in Health Insurance and Wages: An Equilibrium Model of Workers' Compensation and Health Care Policies," PIER Working Paper Archive 13-019, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    81. Daniele Coen‐Pirani, 2021. "Geographic Mobility And Redistribution," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(3), pages 921-952, August.
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    127. Pora, Pierre & Wilner, Lionel, 2020. "A decomposition of labor earnings growth: Recovering Gaussianity?," Labour Economics, Elsevier, vol. 63(C).
    128. Knesl, Jiří, 2023. "Automation and the displacement of labor by capital: Asset pricing theory and empirical evidence," Journal of Financial Economics, Elsevier, vol. 147(2), pages 271-296.
    129. Gajendran Raveendranathan, 2018. "Improved Matching, Directed Search, and Bargaining in the Credit Card Market," Department of Economics Working Papers 2018-05, McMaster University.
    130. Vasileios Karaferis & Tatiana Kirsanova & Campbell Leith, 2024. "Equity versus Efficiency: Optimal Monetary and Fiscal Policy in a HANK Economy," Working Papers 2024_11, Business School - Economics, University of Glasgow.
    131. Francis Kramarz & Elio Nimier‐David & Thomas Delemotte, 2022. "Inequality and earnings dynamics in France: National policies and local consequences," Quantitative Economics, Econometric Society, vol. 13(4), pages 1527-1591, November.
    132. Samuel Ackerman & John Edward Sabelhaus, 2012. "The effect of self-reported transitory income shocks on household spending," Finance and Economics Discussion Series 2012-64, Board of Governors of the Federal Reserve System (U.S.).
    133. Carlos Madeira & Leonardo Salazar, 2023. "The Impact of Monetary Policy on a Labor Market with Heterogeneous Workers: The Case of Chile," Working Papers Central Bank of Chile 980, Central Bank of Chile.
    134. 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.
    135. Kartik Athreya, 2014. "Labor Market Upheaval, Default Regulations, and Consumer Debt," 2014 Meeting Papers 273, Society for Economic Dynamics.
    136. Christina Patterson, 2019. "The Matching Multiplier and the Amplification of Recessions," 2019 Meeting Papers 95, Society for Economic Dynamics.
    137. John List & Harald Uhlig, 2017. "Introduction," Journal of Political Economy, University of Chicago Press, vol. 125(6), pages 1723-1727.
    138. Savoia, Ettore, 2023. "The effects of labor income risk heterogeneity on the marginal propensity to consume," Working Paper Series 2866, European Central Bank.
    139. Alejandro Badel & Mark Huggett, 2015. "The Sufficient Statistic Approach: Predicting the Top of the Laffer Curve," Working Papers 2015-38, Federal Reserve Bank of St. Louis.
    140. Alessandro Lin & Marcel Peruffo, 2024. "Aggregate uncertainty, HANK, and the ZLB," Temi di discussione (Economic working papers) 1442, Bank of Italy, Economic Research and International Relations Area.
    141. Kim, Seewon, 2013. "Prudent consumers: New evidence from the Consumer Expenditure Survey," Economic Modelling, Elsevier, vol. 33(C), pages 77-85.
    142. Ufuk Akcigit & Fernando Alvarez & Stephane Bonhomme & George M Constantinides & Douglas W Diamond & Eugene F Fama & David W Galenson & Michael Greenstone & Lars Peter Hansen & Uhlig Harald & James J H, 2017. "The Past, Present, and Future of Economics: A Celebration of the 125-Year Anniversary of the JPE and of Chicago Economics," Natural Field Experiments 00635, The Field Experiments Website.
    143. Joao Cocco & Nuno Clara, 2016. "An Analysis of Consumer Debt Restructuring Policies," 2016 Meeting Papers 480, Society for Economic Dynamics.
    144. Suzuki, Shiba, 2018. "Inequality and asset fire sales," MPRA Paper 90906, University Library of Munich, Germany.
    145. Barrela, Rodrigo & Costa, Eduardo & Portugal, Pedro, 2024. "On the Asymmetrical Sensitivity of the Distribution of Real Wages to Business Cycle Fluctuations," IZA Discussion Papers 16911, Institute of Labor Economics (IZA).
    146. Carr, Michael D. & Wiemers, Emily E., 2021. "The role of low earnings in differing trends in male earnings volatility," Economics Letters, Elsevier, vol. 199(C).
    147. Marina Azzimonti & Pierre Yared, 2018. "The Optimal Public and Private Provision of Safe Assets," NBER Working Papers 24534, National Bureau of Economic Research, Inc.
    148. Mehmet Balcilar & Zeynel Abidin Ozdemir, 2017. "A re-examination of growth and growth uncertainty relationship in a stochastic volatility in mean model with time-varying parameters," Working Papers 15-32, Eastern Mediterranean University, Department of Economics.
    149. Toda, Alexis Akira, 2017. "Huggett economies with multiple stationary equilibria," Journal of Economic Dynamics and Control, Elsevier, vol. 84(C), pages 77-90.
    150. 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.
    151. Botosaru, Irene & Sasaki, Yuya, 2018. "Nonparametric heteroskedasticity in persistent panel processes: An application to earnings dynamics," Journal of Econometrics, Elsevier, vol. 203(2), pages 283-296.
    152. Scott R. Baker & Nicholas Bloom, 2013. "Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments," NBER Working Papers 19475, National Bureau of Economic Research, Inc.
    153. 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.
    154. Herskovic, Bernard & Kelly, Bryan & Lustig, Hanno & Van Nieuwerburgh, Stijn, 2016. "The common factor in idiosyncratic volatility: Quantitative asset pricing implications," Journal of Financial Economics, Elsevier, vol. 119(2), pages 249-283.
    155. Martin B. Holm, 2023. "Monetary transmission with income risk," Scandinavian Journal of Economics, Wiley Blackwell, vol. 125(2), pages 441-460, April.
    156. Adam M. Guren & Arvind Krishnamurthy & Timothy J. McQuade, 2018. "Mortgage Design in an Equilibrium Model of the Housing Market," NBER Working Papers 24446, National Bureau of Economic Research, Inc.
    157. John Y. Campbell & Nuno Clara & João F. Cocco, 2020. "Structuring Mortgages for Macroeconomic Stability," NBER Working Papers 27676, National Bureau of Economic Research, Inc.
    158. Chen, Zhanhui & Yang, Bowen, 2019. "In search of preference shock risks: Evidence from longevity risks and momentum profits," Journal of Financial Economics, Elsevier, vol. 133(1), pages 225-249.
    159. Fatih Guvenen, 2014. "Comment on "Labor Market Polarization over the Business Cycle"," NBER Chapters, in: NBER Macroeconomics Annual 2014, Volume 29, pages 425-441, National Bureau of Economic Research, Inc.
    160. George M. Constantinides, 2017. "Asset Pricing: Models and Empirical Evidence," Journal of Political Economy, University of Chicago Press, vol. 125(6), pages 1782-1790.
    161. Mehran Ebrahimian & Jessica Wachter, 2020. "Risks to Human Capital," NBER Working Papers 26823, National Bureau of Economic Research, Inc.
    162. Ricardo Barahona & Stefano Cassella & Kristy A. E. Jansen, 2023. "Do Teams Alleviate or Exacerbate the Extrapolation Bias in the Stock Market?," Working Papers 2335, Banco de España.
    163. Rampini, Adriano A. & Viswanathan, S., 2018. "Financing Insurance," CEPR Discussion Papers 12855, C.E.P.R. Discussion Papers.
    164. 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.
    165. Lenney, Jamie, 2022. "Monetary policy transmission, the labour share and HANK models," Bank of England working papers 960, Bank of England.
    166. Sewon Hur, 2018. "The Lost Generation of the Great Recession," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 30, pages 179-202, October.
    167. Capehart, Kevin W., 2017. "Inequality and top income cyclicality," Economics Letters, Elsevier, vol. 157(C), pages 152-154.
    168. 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.
    169. Macartney, Hugh & Nielsen, Eric & Rodriguez, Viviana, 2021. "Unequal worker exposure to establishment deaths," Labour Economics, Elsevier, vol. 73(C).
    170. Coibion, Olivier & Gorodnichenko, Yuriy & Kueng, Lorenz & Silvia, John, 2017. "Innocent Bystanders? Monetary policy and inequality," Journal of Monetary Economics, Elsevier, vol. 88(C), pages 70-89.
    171. Marta Escalonilla & Begoña Cueto & María José Pérez-Villadóniga, 2022. "Is the Millennial Generation Left Behind? Inter-Cohort Labour Income Inequality in a Context of Economic Shock," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(1), pages 285-321, November.
    172. 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.).
    173. Gajendran Raveendranathan & Georgios Stefanidis, 2022. "Designing “Win-Win” Rate Caps," Department of Economics Working Papers 2022-03, McMaster University.
    174. 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.
    175. Theophilopoulou, Angeliki, 2018. "The impact of macroeconomic uncertainty on inequality: An empirical study for the UK," MPRA Paper 90448, University Library of Munich, Germany.
    176. Eran B. Hoffmann & Mr. Davide Malacrino, 2018. "Employment Time and the Cyclicality of Earnings Growth," IMF Working Papers 2018/115, International Monetary Fund.
    177. Inkmann, Joachim, 2024. "Aggregate portfolio choice," Journal of Empirical Finance, Elsevier, vol. 77(C).
    178. 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.

  15. 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. 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.
    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. Nicolas Werquin & Aleh Tsyvinski & Mikhail Golosov, 2015. "A Variational Approach to the Analysis of Tax Systems," 2015 Meeting Papers 244, Society for Economic Dynamics.
    5. Aubhik Khan, 2017. "Large Recessions in an Overlapping Generations with Unemployment," 2017 Meeting Papers 1559, Society for Economic Dynamics.

  16. Serdar Ozkan, 2011. "Income Differences and Health Care Expenditures over the Life Cycle," 2011 Meeting Papers 478, Society for Economic Dynamics.

    Cited by:

    1. Ponpoje (Poe) Porapakkarm & Svetlana Pashchenko, 2013. "Cross-subsidization in employer-based health insurance and the effects of tax subsidy reform," 2013 Meeting Papers 1086, Society for Economic Dynamics.
    2. Elena Capatina, 2012. "Life Cycle Effects of Health Risk," Working Papers 201216, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales.
    3. Mariacristina De Nardi & Eric French & John Bailey Jones, 2013. "Medicaid Insurance in Old Age," NBER Working Papers 19151, National Bureau of Economic Research, Inc.
    4. Laurence Ales & Roozbeh Hosseini & Larry Jones, "undated". "Is There ``Too Much'''' Inequality in Health Spending Across Income Groups?," GSIA Working Papers 2014-E18, Carnegie Mellon University, Tepper School of Business.
    5. Pashchenko, Svetlana & Porapakkarm, Ponpoje, 2012. "Quantitative analysis of health insurance reform: separating regulation from redistribution," MPRA Paper 41193, University Library of Munich, Germany.
    6. Cole, Harold & Krueger, Dirk & Kim, Soojin, 2012. "Analyzing the Effects of Insuring Health Risks: On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Co," CEPR Discussion Papers 9239, C.E.P.R. Discussion Papers.
    7. Matthew N. White, 2015. "An Ounce of Prevention at Half Price:Evaluating a Subsidy on Health Investments," Working Papers 15-06, University of Delaware, Department of Economics.
    8. Schön, Matthias, 2015. "Unemployment, Sick Leave and Health," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113013, Verein für Socialpolitik / German Economic Association.
    9. Harold L. Cole & Soojin Kim & Dirk Krueger, 2012. "Analyzing the Effects of Insuring Health Risks: On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Costs," PIER Working Paper Archive 12-047, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    10. Chao Fu & Naoki Aizawa, 2017. "Local Market Equilibrium and the Design of Public Health Insurance System," 2017 Meeting Papers 1448, Society for Economic Dynamics.
    11. Florian PELGRIN & Pascal ST-AMOUR, 2014. "Life Cycle Responses to Health Insurance Status," Swiss Finance Institute Research Paper Series 14-31, Swiss Finance Institute, revised Jun 2015.
    12. Martin Dumav, 2013. "Health Insurance over the Life Cycle with Adverse Selection," 2013 Meeting Papers 1138, Society for Economic Dynamics.

  17. 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, 2009. "A quantitative analysis of the evolution of the U.S. wage distribution, 1970-2000," Staff Report 427, Federal Reserve Bank of Minneapolis.
    2. William B. Peterman, 2015. "Taxing Capital? The Importance of How Human Capital is Accumulated," Finance and Economics Discussion Series 2015-117, Board of Governors of the Federal Reserve System (U.S.).
    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.

  18. Fatih Karahan & Serdar Ozkan, 2009. "On the Persistence of Income Shocks over the Life Cycle: Evidence and Implications," PIER Working Paper Archive 09-045, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.

    Cited by:

    1. Bulent Guler & Yavuz Arslan & Temel Taskin, 2016. "Price Search, Consumption Inequality, and Expenditure Inequality over the Life Cycle," CAEPR Working Papers 2017-015, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    2. Fatih Karahan & Serdar Ozkan, 2013. "On the Persistence of Income Shocks over the Life Cycle: Evidence, Theory, and Implications," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(3), pages 452-476, July.
    3. Kartik B. Athreya & Xuan S. Tam & Eric Young, 2012. "Debt default and the insurance of labor income risks," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 98(4Q), pages 255-307.

  19. Fatih Karahan & Serdar Ozkan, 2009. "On the Persistence of Income Shocks over the Life Cycle: Evidence and Implications, Second Version," PIER Working Paper Archive 10-012, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 05 Apr 2010.

    Cited by:

    1. Bulent Guler & Yavuz Arslan & Temel Taskin, 2016. "Price Search, Consumption Inequality, and Expenditure Inequality over the Life Cycle," CAEPR Working Papers 2017-015, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    2. David Weiss & Cezar Santos, 2011. "Why Not Settle Down Already? A Quantitative Question," 2011 Meeting Papers 921, Society for Economic Dynamics.

Articles

  1. Elin Halvorsen & Hans A Holter & Serdar Ozkan & Kjetil Storesletten, 2024. "Dissecting Idiosyncratic Earnings Risk," Journal of the European Economic Association, European Economic Association, vol. 22(2), pages 617-668.
    See citations under working paper version above.
  2. Serdar Ozkan & Jae Song & Fatih Karahan, 2023. "Anatomy of Lifetime Earnings Inequality: Heterogeneity in Job-Ladder Risk versus Human Capital," Journal of Political Economy Macroeconomics, University of Chicago Press, vol. 1(3), pages 506-550.

    Cited by:

    1. 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.
    2. Leo Kaas & Etienne Lalé & Nawid Siassi, 2023. "Job Ladder and Wealth Dynamics in General Equilibrium," CESifo Working Paper Series 10847, CESifo.

  3. Elin Halvorsen & Serdar Ozkan & Sergio Salgado, 2022. "Earnings dynamics and its intergenerational transmission: Evidence from Norway," Quantitative Economics, Econometric Society, vol. 13(4), pages 1707-1746, November.
    See citations under working paper version above.
  4. 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.
  5. 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. 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.
    2. 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.
    3. Jose Garcia-Louzao & Laura Hospido & Alessandro Ruggieri, 2022. "Dual returns to experience," Working Papers 2211, Banco de España.
    4. KIKUCHI Shinnosuke & KITAO Sagiri & MIKOSHIBA Minamo, 2020. "Who Suffers from the COVID-19 Shocks? Labor Market Heterogeneity and Welfare Consequences in Japan," Discussion papers 20064, Research Institute of Economy, Trade and Industry (RIETI).
    5. Fabio C. Bagliano & Carolina Fugazza & Giovanna Nicodano, 2018. "Life-Cycle Portfolios, Unemployment and Human Capital Loss," Carlo Alberto Notebooks 577, Collegio Carlo Alberto.
    6. 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.
    7. Pytka, Krzysztof & Gulyas, Andreas, 2021. "Understanding the Sources of Earnings Losses After Job Displacement: A Machine-Learning Approach," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242402, Verein für Socialpolitik / German Economic Association.
    8. Filomena, Mattia & Picchio, Matteo, 2023. "You'll Never Walk Alone: Unemployment, Social Networks and Leisure Activities," IZA Discussion Papers 16579, Institute of Labor Economics (IZA).
    9. Fabio C. Bagliano & Carolina Fugazza & Giovanna Nicodano, 2020. "Life-Cycle Welfare Losses from Rules-of-Thumb Asset Allocation," Carlo Alberto Notebooks 616, Collegio Carlo Alberto.
    10. 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.
    11. Mark Garmaise & Yaron Levi & Hanno Lustig, 2020. "Spending Less After (Seemingly) Bad News," NBER Working Papers 27010, National Bureau of Economic Research, Inc.
    12. 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.
    13. 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.
    14. 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.

  6. 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.
  7. Serdar Ozkan & Cagnur Balsari & Secil Varan, 2014. "Effect of Banking Regulation on Performance: Evidence from Turkey," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 50(4), pages 196-211.

    Cited by:

    1. Kutan, Ali M. & Muradoğlu, Yaz G., 2016. "Financial and real sector returns, IMF-related news, and the Asian crisis," Finance Research Letters, Elsevier, vol. 16(C), pages 28-37.
    2. Nurboja, Bashkim & Košak, Marko, 2017. "Banking efficiency in South East Europe: Evidence for financial crises and the gap between new EU members and candidate countries," Economic Systems, Elsevier, vol. 41(1), pages 122-138.
    3. Ivan Gržeta & Saša Žiković & Ivana Tomas Žiković, 2023. "Size matters: analyzing bank profitability and efficiency under the Basel III framework," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-28, December.
    4. Aydemir, Resul & Ovenc, Gokhan, 2016. "Interest rates, the yield curve and bank profitability in an emerging market economy," Economic Systems, Elsevier, vol. 40(4), pages 670-682.
    5. Bouteska, Ahmed & Büyükoğlu, Burak & Ekşi, Ibrahim Halil, 2023. "How effective are banking regulations on banking performance and risk? Evidence from selected European countries," Finance Research Letters, Elsevier, vol. 53(C).
    6. Nuri Altintas & Alessandra Ferrari & Claudia Girardone, 2022. "Do financial reforms always improve banks efficiency and competition? A long-term analysis of Turkey’s experience," Journal of Banking Regulation, Palgrave Macmillan, vol. 23(4), pages 458-469, December.
    7. Suzan Dsouza & Mustafa Raza Rabbani & Iqbal Thonse Hawaldar & Ajay Kumar Jain, 2022. "Impact of Bank Efficiency on the Profitability of the Banks in India: An Empirical Analysis Using Panel Data Approach," IJFS, MDPI, vol. 10(4), pages 1-18, October.
    8. RNuket Kirci Cevik & Sel Dibooglu & Ali M. Kutan, 2016. "Real and Financial Sector Studies in Central and Eastern Europe: A Review," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 66(1), pages 2-31, February.

  8. 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.
  9. Fatih Karahan & Serdar Ozkan, 2013. "On the Persistence of Income Shocks over the Life Cycle: Evidence, Theory, and Implications," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(3), pages 452-476, July.

    Cited by:

    1. Bosetti, Valentina & Maffezzoli, Marco, 2013. "Taxing Carbon under Market Incompleteness," Climate Change and Sustainable Development 158665, Fondazione Eni Enrico Mattei (FEEM).
    2. Sebastian Findeisen & Dominik Sachs, 2015. "Redistribution and Insurance with Simple Tax Instruments," CESifo Working Paper Series 5400, CESifo.
    3. J. Carter Braxton & Kyle F. Herkenhoff & Jonathan L. Rothbaum & Lawrence Schmidt, 2021. "Changing Income Risk across the US Skill Distribution: Evidence from a Generalized Kalman Filter," NBER Working Papers 29567, National Bureau of Economic Research, Inc.
    4. Joaquin Garcia-Cabo & Rocio Madera, 2024. "Does Self-Employment Pay? The Role of Unemployment and Earnings Risk," CESifo Working Paper Series 11136, CESifo.
    5. Postlewaite, Andrew & Krueger, Dirk & Hai, Rong, 2013. "On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods," CEPR Discussion Papers 9623, C.E.P.R. Discussion Papers.
    6. Bulent Guler & Yavuz Arslan & Temel Taskin, 2016. "Price Search, Consumption Inequality, and Expenditure Inequality over the Life Cycle," CAEPR Working Papers 2017-015, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    7. Giesecke, Matthias & Bönke, Timm & Lüthen, Holger, 2011. "The Dynamics of Earnings in Germany: Evidence from Social Security Records," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48692, Verein für Socialpolitik / German Economic Association.
    8. Findeisen, Sebastian & Sachs, Dominik, 2014. "Efficient Labor and Capital Income Taxation over the Life Cycle," Working Papers 14-17, University of Mannheim, Department of Economics.
    9. , 2020. "Family and Government Insurance: Wage, Earnings, and Income Risks in the Netherlands and the U.S," Opportunity and Inclusive Growth Institute Working Papers 42, Federal Reserve Bank of Minneapolis.
    10. Heidrich, Stefanie, 2016. "A study of the Missing Data Problem for Intergenerational Mobility using Simulations," Umeå Economic Studies 930, Umeå University, Department of Economics.
    11. 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.
    12. Antonio Cabrales & Maia Güell & Rocio Madera & Analía Viola, 2018. "Income contingent university loans: policy design and an application to Spain," Policy Papers 2018-06, FEDEA.
    13. Koray Aktas, 2021. "Characterizing Life-Cycle Dynamics of Annual Days of Work, Wages, and Cross-Covariances," Working Papers 465, University of Milano-Bicocca, Department of Economics.
    14. 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.
    15. Druedahl Jeppe & Jørgensen Thomas H., 2017. "Persistent vs. Permanent Income Shocks in the Buffer-Stock Model," The B.E. Journal of Macroeconomics, De Gruyter, vol. 17(1), pages 1-16, January.
    16. Corina Boar, 2020. "Dynastic Precautionary Savings," NBER Working Papers 26635, National Bureau of Economic Research, Inc.
    17. Roozbeh Hosseini & Karen A. Kopecky & Kai Zhao, 2019. "The Evolution of Health over the Life Cycle," FRB Atlanta Working Paper 2019-12, Federal Reserve Bank of Atlanta.
    18. Mariacristina De Nardi & Giulio Fella & Gonzalo Paz-Pardo, 2018. "Nonlinear household earnings dynamics, self-insurance, and welfare," Discussion Papers 1817, Centre for Macroeconomics (CFM).
    19. 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.
    20. William Blankenau & Xiaoyan Youderian, 2015. "Early childhood education expenditures and the intergenerational persistence of income," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(2), pages 334-349, April.
    21. Sumudu Kankanamge & Alexandre Gaillard, 2019. "Entrepreneurship, Inter-Generational Business Transmission and Aging," 2019 Meeting Papers 1503, Society for Economic Dynamics.
    22. Krueger, Dirk & Ludwig, Alexander, 2016. "On the optimal provision of social insurance: Progressive taxation versus education subsidies in general equilibrium," Journal of Monetary Economics, Elsevier, vol. 77(C), pages 72-98.
    23. 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.
    24. Cezar Santos & David Weiss, 2016. "“Why Not Settle Down Already?” A Quantitative Analysis Of The Delay In Marriage," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(2), pages 425-452, May.
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