Replication data for: How Risky Are Recessions for Top Earners?
Principal Investigator(s): View help for Principal Investigator(s) Fatih Guvenen; Greg Kaplan; Jae Song
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| P2014_1091_data | 10/11/2019 10:09:PM | ||
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text/plain | 14.6 KB | 10/11/2019 06:09:PM |
Project Citation:
Guvenen, Fatih, Kaplan, Greg, and Song, Jae. Replication data for: How Risky Are Recessions for Top Earners? Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112771V1
Project Description
Summary:
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How sensitive to business cycles are the earnings of top earners? And, how does the business cycle sensitivity of top earners vary by industry? We use a confidential dataset on earnings histories of US males from the Social Security Administration. On average, individuals in the top 1 percent of the earnings distribution are slightly more cyclical than the population average. But there are large differences across sectors; top earners in Finance, Insurance, and Real Estate (FIRE) and Construction face substantial business cycle volatility, whereas those in Services (who make up 40 percent of individuals in the top 1 percent) have earnings that are less cyclical than the average worker.
Scope of Project
JEL Classification:
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E32 Business Fluctuations; Cycles
J31 Wage Level and Structure; Wage Differentials
E32 Business Fluctuations; Cycles
J31 Wage Level and Structure; Wage Differentials
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