New Insights from Big Data into Inequality and Risk
SpeakerFatih Guvenen (University of Minnesota)
FieldTI Data Science
June 11, 2019 until June 13, 2019
Fatih Guvenen is the Curtis L. Carlson professor of economics at the University of Minnesota and a research associate in the NBER’s Economic Fluctuations and Growth Program. He also serves as an adviser to the Federal Reserve Bank of Minneapolis. For further information see his website.
This mini-course will review the growing body of empirical research that draws new insights from Big Data about economic inequality and micro risks. It will cover new methods that can harness the power of Big Data. We will discuss different types of inequality (in annual versus lifetime incomes; at the top versus elsewhere, between versus within: firms, regions, genders, etc.; inequality in wealth, health, and others), why they each matter, what we know about them, and how they have changed over time. We will discuss various types of micro risks (facing households, workers, or firms), how they vary across the population, their non-Gaussian nature, how these risks vary over the business cycle and over long horizons. We will discuss the new insights into these questions provided by research from Big Data.
Registration is closedFor participants who want to take this course for credits: the sit-in exam is scheduled for June 20.