NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Serdar Ozkan

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

Working Papers and Chapters

May 2012The Nature of Countercyclical Income Risk
with Fatih Guvenen, Jae Song: w18035
This paper studies the cyclical nature of individual income risk using a confidential dataset from the U.S. Social Security Administration, which contains (uncapped) earnings histories for millions of individuals. The base sample is a nationally representative panel containing 10 percent of all U.S. males from 1978 to 2010. We use these data to decompose individual income growth during recessions into "between-group" and "within-group" components. We begin with the behavior of within-group shocks. Contrary to past research, we do not find the variance of idiosyncratic income shocks to be countercyclical. Instead, it is the left-skewness of shocks that is strongly countercyclical. That is, during recessions, the upper end of the shock distribution collapses--large upward income movements be...

Published: The Nature of Countercyclical Income Risk (with S. Ozkan and J. Song), Journal of Political Economy, 2014, Vol. 122, No. 3, pp. 621-660. citation courtesy of

November 2009Taxation of Human Capital and Wage Inequality: A Cross-Country Analysis
with Fatih Guvenen, Burhanettin Kuruscu: w15526
Wage inequality has been significantly higher in the United States than in continental European countries (CEU) since the 1970s. Moreover, this inequality gap has further widened during this period as the US has experienced a large increase in wage inequality, whereas the CEU has seen only modest changes. This paper studies the role of labor income tax policies for understanding these facts, focusing on male workers. We construct a life cycle model in which individuals decide each period whether to go to school, work, or stay non-employed. Individuals can accumulate skills either in school or while working. Wage inequality arises from differences across individuals in their ability to learn new skills as well as from idiosyncratic shocks. Progressive taxation compresses the (after-tax) wag...

Published: “Taxation of Human Capital and Wage Inequality: A Cross-Country Analysis” PAPER (with Burhanettin Kuruscu and Serdar Ozkan. Review of Economic Studies, 2014, Vol 81, pp. 818-850.

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

 
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