Short Online CV


  • Phone:   1-612-204-5758
  • Email: fatihguvenen “at” gmail “dot” com


  • 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.
  • Founding Director, MEBDI (Minnesota Economics Big Data Institute), 2019 — present.
  • Consultant, Federal Reserve Bank of Minneapolis, 2015 – present.
  • Research Associate, National Bureau of Economic Research, 2013 – present. 


  • Use It or Lose It: Efficiency Gains from Wealth Taxation (with Gueorgui Kambourov, Burhan Kuruscu, Sergio Ocampo, and Daphne Chen), 2019 (R&R QJE)
  • Skewed Business Cycles (with Nick Bloom and Sergio Salgado), 2019 (R&R QJE)
  • Offshore Profit Shifting and Domestic Productivity Measurement, 2018 (with Raymond Mataloni, Dylan Rassier, Kim Ruhl), (R&R AER)
  • 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, forthcoming.
  • Skewed Idiosyncratic Income Risk over the Business Cycle: Sources and Insurance (with Christopher Busch, David Domeij, and Rocio Madera), AEJ: Macro, forthcoming.
  • Firming Up Inequality (with Jae Song, David Price, Nick Bloom, and Till von Wachter), QJE, February 2019.
  • Multidimensional Skill Mismatch, (with Burhan Kuruscu, Satoshi Tanaka, and David Wiczer), AEJ: Macro, 2020.
  • The Disappearing Large-Firm Premium (with Nick Bloom, Ben Smith, Till von Wachter, Jae Song), AEA P&P, 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 6pp. 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, 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.
  • 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.
  • Lifetime Incomes In the United States Over Six Decades (with Greg Kaplan and Jae Song), 2020 (AEJ: Applied, cond. accept).
  • Lifetime Incomes In the United States: TodayWork in Progress (with Greg Kaplan and Jae Song).
  • A Parsimonious Earnings Process for Business Cycle Analysis (with Alisdair McKay and Conor Ryan)
  • Benchmarking Global Optimizers (with Antoine Arnaud and Tatjana Kleineberg)
  • Top Earnings Dynamics, Work in Progress (with Greg Kaplan and Jae Song).
  • 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) 
  • Book Manuscript
    • Quantitative Economics With Heterogeneity: An A-to-Z Guidebook, under contract with Princeton University Press.



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