NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Earnings Dynamics and Firm-Level Shocks

Benjamin Friedrich, Lisa Laun, Costas Meghir, Luigi Pistaferri

NBER Working Paper No. 25786
Issued in April 2019

---- Acknowledgments ----

We thank the IFAU for providing the data and supporting the project. We are grateful to participants in seminars at the SED, University of Chicago, Northwestern, IFAU, NBER Summer Institute 2016, and the Conference in honor of Joe Altonji for valuable comments. We thank Joe Altonji, Peter Arcidiacono, Thibaut Lamadon, Anders Forslund, Greg Kaplan, Magne Mogstad and Emily Nix for fruitful discussions and comments. Costas Meghir thanks the Cowles Foundation and the ISPS at Yale for funding. All errors and interpretations are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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