Ozkan, Serdar; Song, Jae; Guvenen, Fatih - Society for Economic Dynamics - SED - 2012
data set with tens of millions of observations on individual earnings histories from the Social Security Administration … income distribution, (ii) one's inherent sensitivity to business cycles as measured by the correlation of one's earnings with … Recession, workers in the 20th percentile of the lifetime income distribution, on average, experienced a decline in their income …