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The Nature of Countercyclical Income Risk

Guvenen, Fatih; Song, Jae; Ozkan, Serdar - National Bureau of Economic Research (NBER) - 2012

This paper studies the cyclical nature of individual income risk using a confidential dataset from the U.S. Social Security Administration, which contains (uncapped) earnings histories for millions of individuals. The base sample is a nationally representative panel containing 10 percent of all...

Persistent link: https://www.econbiz.de/10011271386

What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?

Guvenen, Fatih; Song, Jae; Karahan, Fatih; Ozkan, Serdar - National Bureau of Economic Research (NBER) - 2015

We study the evolution of individual labor earnings over the life cycle using a large panel data set of earnings histories drawn from U.S. administrative records. Using fully nonparametric methods, our analysis reaches two broad conclusions. First, earnings shocks display substantial deviations...

Persistent link: https://www.econbiz.de/10011159892

The Glass Ceiling and The Paper Floor: Gender Differences among Top Earners, 1981-2012

Guvenen, Fatih; Song, Jae; Kaplan, Greg - National Bureau of Economic Research (NBER) - 2014

We analyze changes in the gender structure at the top of the earnings distribution in the United States over the last 30 years using a 10% sample of individual earnings histories from the Social Security Administration. Despite making large inroads, females still constitute a small proportion of...

Persistent link: https://www.econbiz.de/10010951325

An Empirical Investigation of Labor Income Processes

Guvenen, Fatih - National Bureau of Economic Research (NBER) - 2007

In this paper we reassess the evidence on labor income risk. There are two leading views on the nature of the income process in the current literature. The first view, which we call the "Restricted Income Profiles" (RIP) process, holds that individuals are subject to large and very persistent...

Persistent link: https://www.econbiz.de/10005084897

Understanding the Evolution of the U.S. Wage Distribution: A Theoretical Analysis

Guvenen, Fatih; Kuruscu, Burhanettin - National Bureau of Economic Research (NBER) - 2007

study its implications for the evolution of the U.S. wage distribution from 1970 to 2000. The key feature of the model, and … the only source of heterogeneity, is that individuals differ in their ability to accumulate human capital. Therefore, wage … features of the U.S. data including (i) a rise in overall wage inequality both in the short run and long run, (ii) an initial …

Persistent link: https://www.econbiz.de/10005714763

Macroeconomics With Heterogeneity: A Practical Guide

Guvenen, Fatih - National Bureau of Economic Research (NBER) - 2011

This article reviews macroeconomic models with heterogeneous households. A key question for the relevance of these models concerns the degree to which markets are complete. This is because the existence of complete markets imposes restrictions on (i) how much heterogeneity matters for aggregate...

Persistent link: https://www.econbiz.de/10009372433

Women's Emancipation Through Education: A Macroeconomic Analysis

Guvenen, Fatih; Rendall, Michelle - National Bureau of Economic Research (NBER) - 2013

In this paper, we study the role of education as insurance against a bad marriage. Historically, due to disparities in earning power and education across genders, married women often found themselves in an economically vulnerable position, and had to suffer one of two fates in a bad marriage:...

Persistent link: https://www.econbiz.de/10010640500

Joint-Search Theory: New Opportunities and New Frictions

Guvenen, Fatih; Guler, Bulent; Violante, Giovanni L. - National Bureau of Economic Research (NBER) - 2009

, is to characterize the reservation wage behavior of the couple and compare it to the single-agent search model in order … to understand the ramifications of partnerships for individual labor market outcomes and wage dynamics. We focus on two …

Persistent link: https://www.econbiz.de/10004991934

Taxation of Human Capital and Wage Inequality: A Cross-Country Analysis

Guvenen, Fatih; Kuruscu, Burhanettin; Ozkan, Serdar - National Bureau of Economic Research (NBER) - 2009

Wage inequality has been significantly higher in the United States than in continental European countries (CEU) since … in wage inequality, whereas the CEU has seen only modest changes. This paper studies the role of labor income tax … while working. Wage inequality arises from differences across individuals in their ability to learn new skills as well as …

Persistent link: https://www.econbiz.de/10008628330

How Risky Are Recessions for Top Earners?

Guvenen, Fatih; Song, Jae; Kaplan, Greg - National Bureau of Economic Research (NBER) - 2014

How sensitive are the earnings of top earners to business cycles? And, how does the business cycle sensitivity of top earners vary by industry? We use a confidential dataset on earnings histories of US males from the Social Security Administration. On average, individuals in the top 1% of the...

Persistent link: https://www.econbiz.de/10010796561