What do data on millions of US workers reveal about lifecycle earnings dynamics?

F Guvenen, F Karahan, S Ozkan, J Song - Econometrica, 2021 - Wiley Online Library
We study individual male earnings dynamics over the life cycle using panel data on millions
of US workers. Using nonparametric methods, we first show that the distribution of earnings …

[HTML][HTML] Family and government insurance: Wage, earnings, and income risks in the Netherlands and the US

M De Nardi, G Fella, M Knoef, G Paz-Pardo… - Journal of Public …, 2021 - Elsevier
We document new facts about risk in male wages and earnings, household earnings, and
pre-and post-tax income in the Netherlands and the United States. We find that, in both …

Changing income risk across the US skill distribution: Evidence from a generalized Kalman filter

For whom has earnings risk changed, and why? To answer these questions, we develop a
filtering method that estimates parameters of an income process and recovers persistent and …

Fiscal consolidation programs and income inequality

P Brinca, MH Ferreira, F Franco… - International …, 2021 - Wiley Online Library
We document a strong empirical relationship between higher income inequality and
stronger recessive impacts of fiscal consolidation episodes across time and space. To …

Optimal taxes on capital in the OLG model with uninsurable idiosyncratic income risk

D Krueger, A Ludwig, S Villalvazo - Journal of Public Economics, 2021 - Elsevier
We characterize the optimal linear tax on capital in an Overlapping Generations model with
two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey …

Individual earnings and family income: Dynamics and distribution

JG Altonji, DM Hynsjö, I Vidangos - Review of Economic Dynamics, 2023 - Elsevier
We review research on the dynamics and distribution of individual earnings and family
income. We start with univariate earnings models, which dominate the literature and are …

Anatomy of lifetime earnings inequality: Heterogeneity in job-ladder risk versus human capital

S Ozkan, J Song, F Karahan - Journal of Political Economy …, 2023 - journals.uchicago.edu
We study the determinants of lifetime earnings (LE) inequality in the United States by
focusing on latent heterogeneity in job-ladder dynamics and on-the-job learning. We use …

[PDF][PDF] The cyclicality of earnings growth along the distribution-causes and consequences

J Kramer - Institute for International Studies, Stockholm University, 2022 - jvkramer.github.io
Earnings growth is more procyclical at the bottom of the income distribution than at the top.
Using high-quality administrative data from Germany, I show that the heterogeneity is chiefly …

Anatomy of lifetime earnings inequality: Heterogeneity in job ladder risk vs. human capital

F Karahan, S Ozkan, J Song - FRB St. Louis Working Paper, 2022 - papers.ssrn.com
We study the determinants of lifetime earnings (LE) inequality in the US by focusing on job
ladder dynamics and on-the-job learning as sources of wage growth. Using administrative …

Inequality and dynamics of earnings and disposable income in Denmark 1987–2016

S Leth‐Petersen, J Sæverud - Quantitative Economics, 2022 - Wiley Online Library
We document facts about earnings and disposable income inequality and growth in
Denmark in the period 1987–2016. During this period, the distribution of log earnings growth …