Tag Archives: Recessions

How Risky Are Recessions for Top Earners?

From Fatih Guvenen, Greg Kaplan and Jae Song: Our findings suggest large differences across sectors in the cyclicality of earnings growth. While average earnings growth (across workers in all sectors) is very similar for individuals in the top 1 percent compared … Continue reading

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Worker Flows Over the Business Cycle: the Role of Firm Quality

Lisa Kahn and Erika McEntarfer have an interesting paper on worker flows, firm quality, and the business cycle. They define firm quality as average pay (and their findings are robust to using other sensible definitions). Here’s one of their key … Continue reading

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Labs of Democracy & Today’s Fiscal Policy Debates

Here’s my latest Economix column on the labs of democracy & today’s fiscal policy debates on uncertainty, spending, and spending vs taxes: Many of the fiercest disagreements about fiscal policy today stem from disagreements about the causes of the slow … Continue reading

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