Guvenen, Fatih; Kaplan, Greg; Song, Jae - In: American Economic Review 104 (2014) 5, pp. 148-53
How sensitive to business cycles are the earnings of top earners? 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 percent of...