Heterogeneous Passthrough from TFP to Wages
We estimate how firms' productivity shocks pass through to hourly wages, finding an average passthrough of 0.08 that is twice as large for negative shocks, consistent with labor market power.
Feb 3, 2026
Why Are the Wealthiest So Wealthy?
We decompose the excess wealth of the top 0.1% into saving rates, inheritances, returns, and labor income using Norwegian administrative data, revealing distinct "New Money" and "Old Money" dynamics.
Dec 23, 2025
Wage Setting and Passthrough: The Role of Market Power, Production Technology, and Adjustment Costs
We develop a framework for how firm productivity impacts wages under imperfect competition, finding that labor market power and adjustment costs reduce passthrough and lower wage volatility by 77%.
Aug 17, 2023
Earnings Dynamics and Its Intergenerational Transmission: Evidence from Norway
We characterize Norwegian earnings dynamics and their intergenerational transmission, showing that children of high-income fathers face more volatile but positively skewed income paths, while children of poorer fathers face higher downside risk.
Feb 28, 2022