Fatih Guvenen

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4-101 HMH

1925 4th Street South


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. He received his bachelor’s degree in electronics engineering from Bilkent University in Ankara, Turkey, and his M.Sc. and Ph.D. in economics from Carnegie Mellon University. He has held visiting or full-time academic positions at various institutions, including the University of Rochester, New York University’s Stern School of Business, Yale University, and the Federal Reserve Bank of Chicago. Guvenen’s research focuses on macroeconomic issues in the presence of vast inequality and heterogeneity, which are central features of modern economies. His papers have appeared in the American Economic Review, Econometrica, Review of Economic Studies, Journal of Political Economy, Journal of the European Economic Association, and Journal of Monetary Economics, among others, and have been covered in the media (New York Times, Wall Street Journal, Washington Post, New Yorker, Bloomberg, Fortune, Forbes, among others). His work has been supported by grants from the National Science Foundation, the Retirement Research Consortium, the Russell Sage Foundation, and other organizations.

Educational Background & Specialties

Educational Background

  • Ph.D.: Economics, Carnegie Mellon University, 2001.
  • M.A.: Economics, Carnegie Mellon University, 1998.
  • B.Sc.: Electrical and Electronics Engineering, Bilkent University, Turkey, 1995.


  • macroeconomics
  • labor economics
  • financial economics
Courses Taught
  • Econ 4960H: Topics in Economics: Modern Economic Growth
  • Econ 8185: Computational and Numerical Methods for Dynamic Economics
  • Econ 8501: Wages and Employment
  • Econ 8791-8792: Workshop in Macroeconomics
Research & Professional Activities

Professional Activities

  • Curtis Carlson Professor of Economics: University of Minnesota , 2017 - present
  • Kumho Visiting Professor of Economics: Yale University , July 2015 - June 2016
  • Consultant: Federal Reserve Bank of Minneapolis , 2015 - present
  • Member, Conference on Research in Income and Wealth: 2015 - present
  • Associate Editor, Journal of Monetary Economics: 2016 - 2019
  • Associate Editor: Review of Economic Dynamics , 2013 - 2017
  • Editorial Board Member: Central Bank Review (Central Bank of Turkey)
  • Adviser, Central Bank of Turkey: 2013 - 2015
  • Senior Economist, Research Department,: Federal Reserve Bank of Chicago , July 2011 - July 2012
  • Assistant/Associate/Full Professor: Department of Economics , 2008 - 2017
  • Assistant Professor of Economics: University of Texas-Austin , January 2006 - December 2007
  • Visiting Associate Professor : New York University Stern School of Management , August 2004 - January 2005
  • Assistant Professor of Economics: University of Rochester , July 2001 - January 2006


  • Founding Director: Minnesota Big Data Institute, 2019 - present
  • Research Associate: National Bureau of Economic Research, 2013 - present
  • International Research Fellow, Institute for Fiscal Studies, UK: 2007 - present
  • Faculty Research Fellow: National Bureau of Economic Research, April 2007 - September 2013
  • Visiting Scholar: Federal Reserve Bank of Minneapolis, 2008 - 2014
  • The Glass Ceiling and The Paper Floor: Changing Gender Composition of Top Earners Since the 1980s: Guvenen, Fatih, Greg Kaplan and Jae Song, NBER Macroannual 2020, forthcoming.
  • Multidimensional Skill Mismatch: Guvenen, Fatih, Burhan Kuruscu, Satoshi Tanaka, David Wiczer , American Economic Journal: Macroeconomic, 12:1 210-244, January 2020.
  • Quantitative Economics With Heterogeneity: An A-to-Z Guidebook. Guvenen, Fatih, Princeton University Press, Author, forthcoming.
  • Firming Up Inequality: Guvenen, Fatih, Jae Song, David Price, Nick Bloom, Till von Wachter, The Quarterly Journal of Economics, 134: 1 1-50, February 2019.
  • The Disappearing Large-Firm Premium: Guvenen, Fatih, Nick Bloom, Ben Smith, Till von Wachter, Jae Song, American Economic Association: Papers and Proceedings, 108 317-22, May 2018.
  • Worker Betas: Five Facts about Systematic Earnings Risk: Guvenen, Fatih, Sam Schulhofer-Wohl, Jae Song, Motohiro Yogo, American Economic Review, 107:5 398-403, May 2017.
  • Heterogeneous Scarring Effects of Full-Year Non-Employment : Guvenen, Fatih, Fatih Karahan, Serdar Ozkan,Jae Song, American Economic Review, 107:5 369-73, May 2017.
  • Russell Sage Foundation Grant for "Evolution of Inequality Within Firms" Co-PI with Nicholas Bloom, 2017 - 2019
  • NSF Grant for "Big Data in Macro and Labor Economics: New Insights into Open Questions", 2014 - 2018
  • Washington Center for Equitable Growth, Grant for funding the first “Global Income Database Conference”, 2018
  • Roger F. Murray Prize, 2nd Prize, Awarded by the Q-Group to Best Research/Presentations on Quantitative Finance , 2017
  • Retirement Research Consortium Grant for "A User's Guide to Idiosyncratic Income Risk", 2012 - 2013