Magne Mogstad is a Professor in Economics at the University of Chicago and a co-editor of the Journal of Political Economy. His research fields are labor economics and public economics.
In this paper, we consider the problem of accounting for such uncertainty by constructing confidence sets for the rank of each population. We consider both the problem of constructing marginal confidence sets for the rank of a particular population as well as simultaneous confidence sets for the ranks of all populations.
In this paper, the authors use rich Norwegian population panel data to answer important questions about labour income dynamics over the life-cycle, including the relative importance of persistent shocks, transitory shocks and heterogeneous profiles.
What do labor income dynamics look like over the life-cycle? What is the relative importance of persistent shocks, transitory shocks and heterogeneous profi les? To what extent do taxes, transfers and the family attenuate these various factors in the evolution of life-cycle inequality? In this paper, we use rich Norwegian data to answer these important questions.
