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CONTACT INFO

Email: fatihguvenen “at” gmail “dot” com

EDUCATION

Ph.D, Economics, Carnegie Mellon University, 2001.
M.A, Economics, Carnegie Mellon University, 1998.
B.Sc., Electrical and Electronics Engineering, Bilkent University, 1995.

CURRENT AFFILIATIONS

Curtis L. Carlson Professor of Economics, University of Minnesota, 2017 – present.
Director, MEBDI (Minnesota Economics Big Data Institute), 2019 — present.
Research Consultant, Federal Reserve Bank of Minneapolis, 2015 — present.
Research Associate, National Bureau of Economic Research, 2013 — present.
Co-Director, GRID (Global Repository of Income Dynamics) Project, 2019 — present

PAPERS AND PUBLICATONS

  • Consumption Dynamics and Welfare under Non-Gaussian Earnings Risk (with Rocio Madera and Serdar Ozkan), Work in Progress.

  • The Lifecycle Origins of Inequality (with Luigi Pistaferri and David Price), Work in Progress.

  • Does it Really Pay More to Go to College Now than 50 Years Ago? A Cautionary Note (with Conor Ryan), Work in Progress.

  • Taxing Wealth and Capital Income when Returns are Heterogeneous (with Gueorgui Kambourov, Burhan Kuruscu, and Sergio Ocampo), 2022.

  • Benchmarking Global Optimizers (with Antoine Arnaud and Tatjana Kleineberg), 2022

  • The Great Micro Moderation (with Nick Bloom, Luigi Pistaferri, Sergio Salgado, John Sabelhaus, and Jae Song), 2017

  • On the Mechanics of Wealth Inequality (with Serdar Ozkan), 2022

  • A Tractable Income Process for Business Cycle Analysis (with Alisdair McKay, Conor Ryan), 2022.

  • Use It or Lose It: Efficiency Gains from Wealth Taxation (with Gueorgui Kambourov, Burhan Kuruscu, Sergio Ocampo, and Daphne Chen), 2022 Quarterly Journal of Economics, May 2023.

  • Global Trends in Income Inequality and Income Dynamics: New Insights from GRID (with Luigi Pistaferri and Giovanni Violante), Quantitative Economics special issue, November 2022.

  • Skewed Business Cycles (with Nick Bloom and Sergio Salgado), 2023.

  • Offshore Profit Shifting and Domestic Productivity Measurement, 2018 (with Raymond Mataloni, Dylan Rassier, Kim Ruhl), American Economic Review, June 2022.

  • Lifetime Incomes In the United States Over Six Decades (with Greg Kaplan, Jae Song, Justin Weidner), AEJ: Applied, October 2022.

  • Skewed Idiosyncratic Income Risk over the Business Cycle: Sources and Insurance (with Christopher Busch, David Domeij, and Rocio Madera), AEJ: Macro, April 2022.

  • What Do Data on Millions of U.S. Workers Reveal About Life Cycle Labor Income Risk? (with Fatih Karahan, Serdar Ozkan, and Jae Song), Econometrica, September 2021.

  • The Glass Ceiling and The Paper Floor: Changing Gender Composition of Top Earners Since the 1980s (with Greg Kaplan and Jae Song), NBER Macroannual, 2020.

  • Firming Up Inequality (with Jae Song, David Price, Nick Bloom, and Till von Wachter), Quarterly Journal of Economics, February 2019.

  • Multidimensional Skill Mismatch, (with Burhan Kuruscu, Satoshi Tanaka, and David Wiczer), AEJ: Macro, January 2020.

  • The Disappearing Large-Firm Premium (with Nick Bloom, Ben Smith, Till von Wachter, Jae Song), AEA P&P, May 2018.

  • Worker Betas: Five Facts about Systematic Earnings Risk (with Sam Schulhofer-Wohl, Jae Song, Motohiro Yogo), AER P&P, 2017.

  • Heterogeneous Scarring Effects of Full-Year Non-employment (with Fatih Karahan, Serdar Ozkan, Jae Song), AER P&P, 2017.

  • Top Income Inequality in the 21st Century: Some Cautionary Notes (with Greg Kaplan), FRB Minneapolis Quarterly Review, 2017.

  • Inferring Labor Income Risk and Partial Insurance from Economic Choices (with Anthony A. Smith, Jr.), Econometrica, November 2014, Vol 82, No 6, pp. 2085–2129.

  • Women’s Emancipation Through Education: A Macroeconomic Analysis, (with Michelle Rendall), Review of Economic Dynamics, 2014.

  • The Nature of Countercyclical Income Risk (with S. Ozkan and J. Song), Journal of Political Economy, 2014, Vol. 122, No. 3, pp 621-660.

  • Taxation of Human Capital and Wage Inequality: A Cross-Country Analysis (with B. Kuruscu and S. Ozkan), Review of Economic Studies, 2014, Vol. 81, pp. 818-850.

  • How Risky Are Recessions for Top Earners? (with Greg Kaplan and Jae Song), American Economic Review, P&P, 2014, Vol. 104, No 5, pp. 148-153.

  • Joint Search Theory: New Opportunities and New Frictions(with B. Guler and G. Violante), Journal of Monetary Economics, 2012, Vol. 59, No. 4, pp. 352-369.

  • Understanding the Evolution of the U.S. Wage Distribution: A Theoretical Analysis (with B. Kuruscu), Journal of the European Economic Association, 2012, Vol. 10, No. 3, pp. 482-517.

  • Macroeconomics with Heterogeneity: A Practical Guide, FRB Richmond Economic Quarterly, 2011, Vol. 97, No 3, pp. 255-326.

  • A Parsimonious Macroeconomic Model for Asset Pricing, Econometrica, (lead article), November 2009, Vol. 77, No 6, pp. 1711-1750.

  • A Quantitative Analysis of the Evolution of the U.S. Wage Distribution: 1970-2000 (with B. Kuruscu), NBER Macroeconomics Annual, 2009, Vol. 24, pp. 227-276, University of Chicago Press.

  • An Empirical Investigation of Labor Income Processes, Review of Economic Dynamics, January 2009, Vol. 12, No 1, pp. 58-79.

  • Consumption Based Asset Pricing Models: Theory (with H. Lustig), New Palgrave Dictionary of Economics, 2nd Edition, Eds. Steven N. Durlauf and Lawrence E. Blume, Palgrave Macmillan, 2008.

  • Consumption Based Asset Pricing Models: Empirical Performance (with H. Lustig ), New Palgrave Dictionary of Economics, 2nd Edition, Eds. Steven N. Durlauf and Lawrence E. Blume, Palgrave Macmillan, 2008.

  • Learning your Earning: Are Labor Income Shocks Really Very Persistent? American Economic Review, June 2007, Vol. 97, No. 3, pp. 687-712.

  • Do Stockholders Share Risk More Effectively than Non-stockholders?, Review of Economics and Statistics, May 2007, Vol. 89, No. 2, pp. 275-288.

  • Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective, Journal of Monetary Economics, October 2006, Vol. 53, No 7, pp. 1451-1472.

  • Does Market Incompleteness Matter for Asset Prices? (with B. Kuruscu), Journal of the European Economic Association P&P, April-May 2006, pp. 484-492.

    Book Manuscript

  • Quantitative Economics With Heterogeneity: An A-to-Z Guidebook, (with Dean Corbae), Under contract with Princeton University Press.