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- Ph.D, Economics, Carnegie Mellon University, 2001.
- M.A, Economics, Carnegie Mellon University, 1998.
- B.Sc., Electrical and Electronics Engineering, Bilkent University, 1995.
- Curtis L. Carlson Professor of Economics, University of Minnesota, 2017 – 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.
Quantitative Economics With Heterogeneity: An A-to-Z Guidebook, under contract with Princeton University Press.
- 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, 2012 (with Michelle Rendall), Review of Economic Dynamics, forthcoming.
- 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, Federal Reserve Bank of Richmond’s 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.
- Firming Up Inequality (with Nick Bloom, David Price, and Jae Song, Till von Wachter), In revision for QJE.
- 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.
- The Glass Ceiling and The Paper Floor: Gender Differences Among Top Earners, 1981-2012 (with Greg Kaplan and Jae Song), In revision for QJE.
- Multidimensional Skill Mismatch, (with Burhan Kuruscu, Satoshi Tanaka, and David Wiczer), in revision for AEJ: Macro.
- Worker Betas: Five Facts about Systematic Earnings Risk (with Sam Schulhofer-Wohl, Jae Song, Motohiro Yogo), forthcoming, AER P&P, 2017.
- Heterogeneous Scarring Effects of Full-Year Non-employment (with Fatih Karahan, Serdar Ozkan, Jae Song), forthcoming, AER P&P, 2017.
- Top Income Inequality in the 21st Century: Some Cautionary Notes, 2017 (with Greg Kaplan)
- Use It or Lose It: Efficiency Gains from Wealth Taxation, Work in Progress (with Gueorgui Kambourov, Burhan Kuruscu, Sergio Ocampo, and Daphne Chen).
- Lifetime Incomes In the United States Over Six Decades, 2016 (with Greg Kaplan and Jae Song).
- Lifetime Incomes In the United States: Today, Work in Progress (with Greg Kaplan and Jae Song).
- Skewed Business Cycles (with Nick Bloom and Sergio Salgado)
- Offshore Profit Shifting and Domestic Productivity Management (with Kim Ruhl, Raymond Mataloni, and Dylan Rassier)
- A Parsimonious Earnings Process for Business Cycle Analysis (with Alisdair McKay)
- Benchmarking Global Optimizers (with Antoine Arnaud and Tatjana Kleineberg)
- Top Earnings Dynamics, Work in Progress (with Greg Kaplan and Jae Song).
- Asymmetric Business Cycle Risk And Government Policy (with Christopher Busch, David Domeij, Rocio Madera).
- Origins of Wealth Inequality (with Andreas Fagerang, Luigi Guiso, Joachim Hubmer, and Luigi Pistaferri).
- Higher-Order Wage and Hours Dynamics over the Life Cycle: Evidence from France and Germany (with Christopher Busch and Priscilla Fialho)
- Consumption Choice Under High-Order Income Risk, Work in Progress (with Neng Wang and Jinqiang Yang)