Universität Bonn

Department of Economics

MEF-Seminar Winter 25/26

Frank Schorfheide (University of Pennsylvania)

Using an administrative data set from Germany we estimate a functional VAR to measure the response of the earnings distribution to a productivity shock. We then replace the functional part of the VAR by cross-sectional-unit-level income dynamics equations (csuVAR), discuss model properties and estimation. In the empirical application we compare the csuVAR responses to the fVAR results and discuss the pros and cons of the respective modeling approaches.
Time
Wednesday, 12.11.25 - 12:00 PM - 01:15 PM
Topic
"Measuring the Effects of Aggregate Shocks on Cross-sectional Distributions: Functional vs. Panel Approach" (with Stephanie Ettmeier und Chi Hyun Kim)
Speaker
https://web.sas.upenn.edu/schorf/
Location
Juridicum, Adenauerallee 24-42
Reservation
not required
Organizer
Center for Advanced Studies "Finance and Inequality"
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