An empirical investigation of labor income processes

By Fatih Guvenen. 2007

502 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, General Health Professions

View Paper: https://www.semanticscholar.org/paper/93df501e288afeb4e02222e31b5f9034dee28f7f

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Citations in the corpus

Inferring Labor Income Risk and Partial Insurance from Economic Choices (2014, methodology): “…cross-equation restrictions that the structural model places on these parameters.3 The key findings of our analysis regarding the nature of income risk are that (i) informal mechanisms insure about one-half of a given income surprise, 2The modeling of this learning process builds on Guvenen (2007).”
Consumption Inequality and Family Labor Supply (2014, unknown): “See moreover Guvenen (2007) and Guvenen and Smith (2010) for an alternative view about the nature of the income process and its implications for the consumption-income nexus.”
A Model of the Consumption Response to Fiscal Stimulus Payments (2011, background): “This explains the sizeable MPC out of lump-sum tax cuts reported in some of Heathcote’s (2005) experiments.(6) In all our parameterizations, the two-asset version of the life-cycle incomplete markets model exhibits a sharp magnification of the average MPC out of stimulus payments relative to its one”
Inequality and the Lifecycle (2011, methodology): “…in the transitory and persistent variances as well as the “price” of the fixed effect; allowing for profile heterogeneity in the manner advocated by Guvenen (2009); using alternative weighting matrices and different sets of lags for the targeted autocovariance matrix; us- ing alternative…”
Macroeconomics and Household Heterogeneity (2016, background): “See Meghir and Pistaferri (2004), Storesletten, Telmer and Yaron (2004a), Guvenen (2009) and the many references discussed therein.”
Matching, sorting and wages (2011, background): “…MaCurdy (1982), Altonji and Shakotko (1987), Abowd and Card (1989), Topel (1991), Topel and Ward (1992), Meghir and Pistaferri (2004), Altonji and Williams (2005), Guvenen (2007), Bonhomme and Robin (2009), Altonji, Smith, and Vidangos (2009), Guvenen (2009), Low, Meghir, and Pistaferri (2010).”
Inferring Labor Income Risk From Economic Choices: An Indirect Inference Approach (2010, background): “Substituting this into (12), one can show: Ct = r t;T b it b it 1 + r; T tb t (13)”
Deconstructing Life Cycle Expenditure (2008, unknown): “These patterns pose a challenge to familiar lifecycle models that emphasize inter-temporal substitution or movements in income, including standard models of precautionary savings, myopia, and limited commitment.”
Analysis of the bias of Matching and Difference-in-Difference under alternative earnings and selection processes (2015, methodology): “Ui,t follows an ARMA(1,2) process in the model (equation (1b)), with |ρ| 1.”