Full CV (pdf)

Short Online CV

FATIH GUVENEN

• Phone:   312-7586479
• Email: guvenen@umn.edu

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

• Professor of Economics, University of Minnesota, 2014- present.
• Consultant, Federal Reserve Bank of Minneapolis, 2015 – present.
• Research Associate, National Bureau of Economic Research, 2013 – present.

GRANTS AND HONORS

• 2017-2019: Russell Sage Foundation Grant for “Evolution of Inequality Within Firms,” 24 months (Amount: $118,205), Role: Co-PI (with Nicholas Bloom).
• 2014-2018: National Science Foundation Grant for “Big Data in Macro and Labor Economics: New Insights into Open Questions,” 36 months (Amount: $284,175), Role: Principle Investigator.
• 2012-2013: Retirement Research Consortium (SSA) Grant for “A User’s Guide to Idiosyncratic Income Risk,” 12 months (Amount: $72,000), Role: Principle Investigator.
• 2010-2013: National Science Foundation Grant for “Understanding Labor Market Trends from a Macroeconomic Perspective,” 36 months (Amount: $273,288), Role: Principle Investigator.
• 2007-2010: National Science Foundation Grant for “Theoretical and Quantitative Macroeconomic Analyses of Labor Market Trends: 1970-2000,” 36 months (Amount: $221,676), Role: Principle Investigator.
• 2004-2006: National Science Foundation Grant for “Inequality and the Distributional Effects of Macroeconomic Policy,” 24 months (Amount: $91,382), Role: Co-PI with Anthony Smith.
• 2008-2010: University of Minnesota Grant-in-Aid Award.
• 2010: University of Minnesota CLA Single Semester Leave Award.
• 2001: Alexander Henderson Award in Economic Theory, Carnegie-Mellon University.
• 2000: Carnegie-Bosch Institute Fellowship Award.
• 1996-1999: William Larimer Mellon Fellowship, Carnegie Mellon University.

Book Manuscript

Quantitative Economics With Heterogeneity: An A-to-Z Guidebook, under contract with Princeton University Press.

PAPERS 

1. 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.
2. Women’s Emancipation Through Education: A Macroeconomic Analysis, 2012 (with Michelle Rendall), Review of Economic Dynamics, forthcoming.
3. The Nature of Countercyclical Income Risk (with S. Ozkan and J. Song),  Journal of Political Economy, 2014, Vol. 122, No. 3, pp 621-660.
4. 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.
5. 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.
6. 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.
7. 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.
8. Macroeconomics with Heterogeneity: A Practical Guide, Federal Reserve Bank of Richmond’s Economic Quarterly, 2011, Vol. 97, No 3, pp. 255-326.
9. A Parsimonious Macroeconomic Model for Asset Pricing, Econometrica, (lead article), November   2009, Vol. 77, No 6, pp. 1711-1750.
10. 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.
11. An Empirical Investigation of Labor Income Processes, Review of Economic Dynamics, January  2009, Vol. 12, No 1, pp. 58-79.
12. Consumption Based Asset Pricing Models: Theory (with H. Lustig), New Palgrave Dictionary of Economics, 2^nd Edition, Eds. Steven N. Durlauf and Lawrence E. Blume, Palgrave Macmillan, 2008.
13. Consumption Based Asset Pricing Models: Empirical Performance (with H. Lustig ), New Palgrave Dictionary of Economics, 2^nd Edition, Eds. Steven N. Durlauf and Lawrence E. Blume, Palgrave Macmillan, 2008.
14. Learning your Earning: Are Labor Income Shocks Really Very Persistent? American Economic Review, June 2007, Vol. 97, No. 3, pp. 687-712.
15. Do Stockholders Share Risk More Effectively than Non-stockholders?, Review of Economics and Statistics, May 2007, Vol. 89, No. 2, pp. 275-288.
16. 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.
17. Does Market Incompleteness Matter for Asset Prices? (with B. Kuruscu),  Journal of the European Economic Association, P&P, April-May 2006, pp. 484-492.
18. Firming Up Inequality (with Nick Bloom, David Price, and Jae Song, Till von Wachter), In revision for QJE.
19. What Do Data on Millions of US Workers Reveal About Labor Income Dynamics? (with Fatih Karahan, Serdar Ozkan, and Jae Song), In revision for Econometrica.
20. The Glass Ceiling and The Paper Floor: Gender Differences Among Top Earners, 1981-2012  (with Greg Kaplan and Jae Song), In revision for QJE.
21. Multidimensional Skill Mismatch, (with Burhan Kuruscu, Satoshi Tanaka, and David Wiczer), in revision for AEJ: Macro.
22. Worker Betas: Five Facts about Systematic Earnings Risk (with Sam Schulhofer-Wohl, Jae Song, Motohiro Yogo), forthcoming, AER P&P, 2017.
23. Heterogeneous Scarring Effects of Full-Year Non-employment (with Fatih Karahan, Serdar Ozkan, Jae Song), forthcoming, AER P&P, 2017.
24. Top Income Inequality in the 21st Century: Some Cautionary Notes, 2017 (with Greg Kaplan)
25. Use It or Lose It: Efficiency Gains from Wealth Taxation, Work in Progress (with Gueorgui Kambourov, Burhan Kuruscu, Sergio Ocampo, and Daphne Chen).
26. Lifetime Incomes In the United States Over Six Decades, 2016 (with Greg Kaplan and Jae Song).
27. Lifetime Incomes In the United States: Today, Work in Progress (with Greg Kaplan and Jae Song).
28. Skewed Business Cycles  (with Nick Bloom and Sergio Salgado)
29. Offshore Profit Shifting and Domestic Productivity Management (with Kim Ruhl, Raymond Mataloni, and Dylan Rassier)
30. A Parsimonious Earnings Process for Business Cycle Analysis (with Alisdair McKay)
31. Benchmarking Global Optimizers (with Antoine Arnaud and Tatjana Kleineberg)
32. Top Earnings Dynamics, Work in Progress (with Greg Kaplan and Jae Song).
33. Asymmetric Business Cycle Risk And Government Policy (with Christopher Busch, David Domeij, Rocio Madera).
34. Origins of Wealth Inequality (with Andreas Fagerang, Luigi Guiso, Joachim Hubmer, and Luigi Pistaferri).
35. Higher-Order Wage and Hours Dynamics over the Life Cycle: Evidence from France and Germany (with Christopher Busch and Priscilla Fialho)
36. Consumption Choice Under High-Order Income Risk, Work in Progress (with Neng Wang and Jinqiang Yang)