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Top Income Inequality in the 21st Century : Some Cautionary Notes
Guvenen, Fatih - 2017
We revisit recent empirical evidence about the rise in top income inequality in the United States, drawing attention to … to inform researchers, policy makers, and journalists who are interested in top income inequality …
Persistent link: https://www.econbiz.de/10012958983
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How Risky are Recessions for Top Earners?
Guvenen, Fatih - 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/10013059765
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The Nature of Countercyclical Income Risk
Guvenen, Fatih - 2015
This paper studies the cyclical nature of individual income risk using a confidential dataset from the U.S. Social … individual income growth during recessions into "between-group" and "within-group" components. We begin with the behavior of … within-group shocks. Contrary to past research, we do not find the variance of idiosyncratic income shocks to be …
Persistent link: https://www.econbiz.de/10013036930
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What Do Data on Millions of U.S. Workers Reveal About Life-Cycle Earnings Risk?
Guvenen, Fatih - 2015
earnings shocks and find important asymmetries: positive shocks to high-income individuals are quite transitory, whereas … negative shocks are very persistent; the opposite is true for low-income individuals. Finally, we use these rich sets of …
Persistent link: https://www.econbiz.de/10013029023