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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)

Links (mainly to economist friends and coauthors

UMN Economics

NBER


Bio

  Fatih Guvenen is a professor of economics at the University of Minnesota in Minneapolis, a research associate in the NBER’s Economic Fluctuations and Growth Program. He also serves as an adviser to the Federal Reserve Bank of Minneapolis. He received his bachelor’s degree in electronics engineering from Bilkent University in Ankara, Turkey, and his M.Sc. and … Continue reading