In this recent paper published in AEJ: Macro, Vasia Panousi, Shanthi Ramnath, and I estimate income dyanmics among pass-through business owners. Business income is much highly variable over time and across business owners. In addition, less of its variance is explained by heterogeneity in business owner characteristics, as compared to labor income.

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Office: DMSB 427B
Office phone: 803-777-1649
Department of Economics
Darla Moore School of Business
University of South Carolina
1014 Greene St.
Columbia, SC 29208