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  • Revised Draft:  Multidimensional Skill Mismatch

  • Firming Up Inequality  (Updated SLIDES) Paper Coming Very Soon.

  • First Draft:  What Do Data on Millions of U.S. Workers Reveal About Life-Cycle Earnings Risk?

  • Updated Slides:  Income Inequality and Income Risk: Old Myths vs. New Facts,  Princeton JDP Lecture.

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Q: How much do CEOs and Top Executives Contribute to Rising Inequality Within the Top 1%? A: Very Little. (Source: Song, Price, Guvenen, Bloom, and von Wachter 2015)

Source: Song, Price, Guvenen, Bloom, von Wachter (2015). Rise in Earnings Inequality Mirrored in Rise in Pay Inequality Across Employers. Even Within the Top 1% the Gap Between 99.99th Percentile and 99.01th Percentile Grew By Similar Amounts for Individuals and Average Firm Pay.

FIG_histogram_DeltaY_PrimeAge_P90_WEB4

Are Idiosyncratic Income Shocks Lognormal? (Guvenen, Karahan, Ozkan, Song, 2014)

Average Growth in Log Earnings Over the Life Cycle, By Percentiles of Lifetime Income Distribution (Source: Guvenen, Karahan, Ozkan, Song, 2014)

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Links (mainly to economist friends and coauthors

UMN Economics

NBER

Burhan Kuruscu
Serdar Ozkan
Greg Kaplan
Anthony Smith 
Nick Bloom
Michelle Rendall
Fatih Karahan
Gueorgui Kambourov
Daphne Chen
Chris Tonetti
David Wiczer
Satoshi Tanaka