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
Technical Change and Entrepreneurship
I argue that skill-biased technical change and falling capital prices explain three-quarters of the decline in U.S. entrepreneurship by raising the returns to high-skill wage employment.
Jul 29, 2020