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Understanding Earnings Dispersion

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Abstract

How much someone earns is an important determinant of many significant decisions over the course of a lifetime. Therefore, understanding how and why earnings are dispersed across individuals is central to understanding dispersion in a wide range of areas such as durable and non-durable consumption expenditures, debt, hours worked, and even health. Drawing on a recent New York Fed staff report \\"What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risks?\\", this blog post investigates the nature of earnings inequality over a lifetime. It finds that earnings are subject to significant downside risk and that such risk contributes substantially to overall earnings dispersion.

Suggested Citation

  • Fatih Karahan, 2015. "Understanding Earnings Dispersion," Liberty Street Economics 20151102, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87075
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    File URL: https://libertystreeteconomics.newyorkfed.org/2015/11/understanding-earnings-dispersion.html
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    More about this item

    Keywords

    labor market risk; earnings dispersion;

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • J00 - Labor and Demographic Economics - - General - - - General

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