Sergio Salgado 🏃
Sergio Salgado

Assistant Professor of Finance

The Wharton School, University of Pennsylvania

About Me

I am an Assistant Professor of Finance at the Wharton School at the University of Pennsylvania. My research focuses on how household and firm heterogeneity shape macroeconomic outcomes and affect economic policy

I am part of the technical team behind The Global Repository of Income Dynamics (GRID) which harmonizes individual information on labor income dynamics using administrative data. If you want to join the GRID, contact me and Serdar Ozkan

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Interests
  • Macroeconomics
  • Labor Economics
  • Public Economics
Education

  • PhD in Economics, 2019

    University of Minnesota

  • MSc in Economics, 2010

    University of Chile

  • BSc in Economics, 2005

    University of Santiago of Chile

Research
Nicholas Bloom, Fatih Guvenen, Sergio Salgado (2025). Skewed Business Cycles. Working Paper.
PDF NBER version Review in VoxEU.org
Mons Chan, Sergio Salgado, Ming Xu (2025). Heterogeneous Passthrough from TFP to Wages. Working Paper. R&R JOLE.
PDF
Mons Chan, Guangbin Hong, Serdar Ozkan, Joachim Hubmer, Sergio Salgado (2025). Scalable versus Productive Technologies. Working Paper.
PDF
Sergio Salgado, Nicholas Bloom, Fatih Guvenen, Luigi Pistaferri, John Sabelhaus (2023). Evaluating the Great Micro Moderation. Working Paper.
PDF
Mons Chan, Elena Mattana, Ming Xu, Sergio Salgado (2023). Wage Setting and Passthrough: The Role of Market Power, Production Technology, and Adjustment Costs. Working Paper.
PDF
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Work in Progress
Bence Bardoczy, Gideon Bornstein, Sergio Salgado (2025). Monopsony Power and the Transmission of Monetary Policy.
V.V. Chari, Patrick Kehoe, Pierlauro Lopez, Elena Pastorino, Sergio Salgado (2025). Taxing the Rich? A Theory of Income and Wealth Inequality.
Slides
Aureo De Paula, Cristina Gualdani, Elena Pastorino, Sergio Salgado (2024). On the Identification of Models of Uncertainty, Learning, and Human Capital Acquisition with Sorting.
Slides
Discussions
Gabriel Chodorow-Reich, Plamen T. Nenov, Vitor Santos, Alp Simsek. (2024). Stock Market Wealth and Entrepreneurship.
PDF
T. Mukoyama, N. Takayama, S. Tanaka (2024). Occupational Reallocation Within and Across Firms: Implications for Labor-Market Polarization.
PDF
Antonio De Vito, Juan-Pedro Gomez. (2022). The Effect of Within-Firm Pay Inequality on Firm Performance.
PDF