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REVISED DRAFT: What Do Data on Millions of U.S. Workers Reveal About Life-Cycle Earnings Dynamics? (Substantially revised and expanded, Aug. 3, 2016)
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NEW! First draft: Skewed Business Cycles
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First Complete Draft: Firming Up Inequality (June 17, 2016)
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Updated Slides: Income Inequality and Income Risk: Old Myths vs. New Facts, WAMS Keynote Lecture, August 2016.
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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.
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)
