Jonathan Heathcote

Minneapolis Fed

Monetary Advisor

90 Hennepin Avenue

Minneapolis, MN 55480

United States

http://www.jonathanheathcote.com

SCHOLARLY PAPERS

32

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1,186

Scholarly Papers (32)

The Price and Quantity of Residential Land in the United States

Number of pages: 54 Posted: 28 Sep 2004
Morris A. Davis and Jonathan Heathcote
Rutgers Business School and Minneapolis Fed
Downloads 338 (168,547)
Citation 25

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Land, housing, house prices, land prices

The Price and Quantity of Residential Land in the United States

CEPR Discussion Paper No. 5333
Number of pages: 39 Posted: 05 Jan 2006
Morris A. Davis and Jonathan Heathcote
Rutgers Business School and Minneapolis Fed
Downloads 22 (982,741)
Citation 52
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Housing, land prices

2.

Housing and the Business Cycle

Finance and Economics Discussion Paper No. 2004-11
Number of pages: 43 Posted: 12 Apr 2004
Morris A. Davis and Jonathan Heathcote
Rutgers Business School and Minneapolis Fed
Downloads 349 (164,135)
Citation 8

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Residential investment, co-movement, home production, multisector models

Health versus Wealth: On the Distributional Effects of Controlling a Pandemic

PIER Working Paper No. 20-014
Number of pages: 50 Posted: 23 Apr 2020 Last Revised: 18 Aug 2020
Federal Reserve Bank of Kansas City, Minneapolis Fed, University of Pennsylvania and University of Pennsylvania - Department of Economics
Downloads 138 (394,121)
Citation 2

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COVID-19; Economic Policy; Redistribution

Health versus Wealth: On the Distributional Effects of Controlling a Pandemic

Federal Reserve Bank of Kansas City Working Paper No. 20-03
Number of pages: 49 Posted: 01 Jul 2020
Federal Reserve Bank of Kansas City, Minneapolis Fed, University of Pennsylvania and University of Pennsylvania - Department of Economics
Downloads 30 (903,119)

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COVID-19; Economic Policy; Redistribution

4.
Downloads 152 (364,116)
Citation 12

Dollarization and Financial Integration

FRB International Finance Discussion Paper No. 890
Number of pages: 44 Posted: 02 May 2007
Cristina Arellano and Jonathan Heathcote
University of Minnesota - Twin Cities - Department of Economics and Minneapolis Fed
Downloads 151 (366,306)

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dollarization, sovereign debt

Dollarization and Financial Integration

CEPR Discussion Paper No. DP6116
Number of pages: 40 Posted: 16 May 2008
Cristina Arellano and Jonathan Heathcote
University of Minnesota - Twin Cities - Department of Economics and Minneapolis Fed
Downloads 1 (1,211,172)
Citation 5
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Dollarization, sovereign debt

5.
Downloads 148 (372,198)
Citation 85

Financial Globalization and Real Regionalization

NYU Working Paper No. EC-01-11
Number of pages: 50 Posted: 31 Oct 2008
Jonathan Heathcote and Fabrizio Perri
Minneapolis Fed and Leonard N. Stern School of Business - Department of Economics
Downloads 72 (619,235)

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International business cycles, international diversification

Financial Globalization and Real Regionalization

NBER Working Paper No. w9292
Number of pages: 56 Posted: 25 Oct 2002 Last Revised: 23 Nov 2022
Jonathan Heathcote and Fabrizio Perri
Minneapolis Fed and Leonard N. Stern School of Business - Department of Economics
Downloads 55 (712,902)

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Financial Globalization and Real Regionalization

Number of pages: 52 Posted: 16 Apr 2002
Jonathan Heathcote and Fabrizio Perri
Minneapolis Fed and Leonard N. Stern School of Business - Department of Economics
Downloads 21 (993,406)
Citation 6
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International business cycles, international diversification

Quantitative Macroeconomics with Heterogeneous Households

NBER Working Paper No. w14768
Number of pages: 56 Posted: 05 Mar 2009 Last Revised: 09 Nov 2022
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Oslo - Department of Economics and New York University (NYU) - Department of Economics
Downloads 97 (514,249)

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Quantitative Macroeconomics with Heterogeneous Households

Annual Review of Economics, Vol. 1, pp. 319-354, 2009
Posted: 04 Jun 2010
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Oslo - Department of Economics and New York University (NYU) - Department of Economics

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Quantitative Macroeconomics with Heterogeneous Households

Annual Review of Economics, 2009
Posted: 31 Aug 2011
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Oslo - Department of Economics and New York University (NYU) - Department of Economics

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Intergenerational Redistribution in the Great Recession

FRB Atlanta CQER Working Paper No. 2014-1
Number of pages: 78 Posted: 30 Mar 2015
University of Texas at Austin, Minneapolis Fed, University of Pennsylvania - Department of Economics and University of Minnesota - Twin Cities
Downloads 58 (694,721)
Citation 3

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Recessions, overlapping generations, asset prices, aggregate risk

Intergenerational Redistribution in the Great Recession

NBER Working Paper No. w16924
Number of pages: 79 Posted: 11 Apr 2011 Last Revised: 31 Mar 2023
University of Texas at Austin, Minneapolis Fed, University of Pennsylvania - Department of Economics and University of Minnesota - Twin Cities
Downloads 33 (876,194)
Citation 8

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Intergenerational Redistribution in the Great Recession

CEPR Discussion Paper No. DP8329
Number of pages: 81 Posted: 18 Apr 2011
University of Texas at Austin, Minneapolis Fed, University of Pennsylvania - Department of Economics and University of Minnesota - Twin Cities
Downloads 5 (1,168,447)
Citation 6
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aggregate risk, asset prices, overlapping generations and recessions

The Cross-Sectional Implications of Rising Wage Inequality in the United States

NYU Working Paper No. S-MF-04-01
Number of pages: 52 Posted: 12 Nov 2008
Minneapolis Fed, affiliation not provided to SSRN and New York University (NYU) - Department of Economics
Downloads 63 (666,135)
Citation 1

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Consumption inequality, Labor supply, Wage inequality, Welfare

The Cross-Sectional Implications of Rising Wage Inequality in the United States

Number of pages: 58 Posted: 07 Apr 2004
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Oslo - Department of Economics and New York University (NYU) - Department of Economics
Downloads 20 (1,004,293)
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Consumption inequality, labour supply, wage inequality, welfare

9.

Insurance and Opportunities: A Welfare Analysis of Labor Market Risk

NBER Working Paper No. w13673
Number of pages: 50 Posted: 19 Dec 2007 Last Revised: 12 Nov 2022
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Oslo - Department of Economics and New York University (NYU) - Department of Economics
Downloads 79 (579,228)
Citation 1

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10.

The Macroeconomic Implications of Rising Wage Inequality in the United States

NBER Working Paper No. w14052
Number of pages: 63 Posted: 09 Jun 2008 Last Revised: 25 Nov 2022
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Oslo - Department of Economics and New York University (NYU) - Department of Economics
Downloads 70 (619,429)
Citation 81

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Consumption and Labor Supply with Partial Insurance: An Analytical Framework

NBER Working Paper No. w15257
Number of pages: 49 Posted: 18 Aug 2009 Last Revised: 11 Mar 2023
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Oslo - Department of Economics and New York University (NYU) - Department of Economics
Downloads 64 (666,135)
Citation 67

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Consumption and Labor Supply with Partial Insurance: An Analytical Framework

Federal Reserve Bank of Minneapolis Staff Report No. 432
Posted: 23 Sep 2009
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Oslo - Department of Economics and New York University (NYU) - Department of Economics

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wage inequality, consumption inequality, structural estimation

Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006

NBER Working Paper No. w15483
Number of pages: 62 Posted: 09 Nov 2009 Last Revised: 23 Apr 2023
Jonathan Heathcote, Fabrizio Perri and Giovanni L. Violante
Minneapolis Fed, Leonard N. Stern School of Business - Department of Economics and New York University (NYU) - Department of Economics
Downloads 48 (758,748)
Citation 136

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Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006

CEPR Discussion Paper No. DP7538
Number of pages: 64 Posted: 17 Nov 2009
Jonathan Heathcote, Fabrizio Perri and Giovanni L. Violante
Minneapolis Fed, Leonard N. Stern School of Business - Department of Economics and New York University (NYU) - Department of Economics
Downloads 5 (1,168,447)
Citation 51
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Inequality

Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006

Federal Reserve Bank of Minneapolis Staff Report No. 436
Posted: 03 Nov 2009
Jonathan Heathcote, Fabrizio Perri and Giovanni L. Violante
Minneapolis Fed, Leonard N. Stern School of Business - Department of Economics and New York University (NYU) - Department of Economics

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wage inequality, earnings inequality, income inequality, consumption inequality, wealth inequality

The International Diversification Puzzle is Not as Bad as You Think

NBER Working Paper No. w13483
Number of pages: 45 Posted: 15 Oct 2007 Last Revised: 05 Nov 2022
Jonathan Heathcote and Fabrizio Perri
Minneapolis Fed and Leonard N. Stern School of Business - Department of Economics
Downloads 43 (794,911)

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The International Diversification Puzzle is Not as Bad as You Think

CEPR Discussion Paper No. DP6982
Number of pages: 47 Posted: 02 Dec 2008
Jonathan Heathcote and Fabrizio Perri
Minneapolis Fed and Leonard N. Stern School of Business - Department of Economics
Downloads 4 (1,178,575)
Citation 11
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Country portfolios, Home bias, International business cycles

The International Diversification Puzzle is Not as Bad as You Think

Posted: 19 Jul 2008
Jonathan Heathcote and Fabrizio Perri
Minneapolis Fed and Leonard N. Stern School of Business - Department of Economics

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Home Bias, international diversification

14.
Downloads 46 (754,461)
Citation 205

Optimal Tax Progressivity: An Analytical Framework

NBER Working Paper No. w19899
Number of pages: 77 Posted: 16 Feb 2014 Last Revised: 17 May 2023
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Minnesota and New York University (NYU) - Department of Economics
Downloads 46 (772,671)
Citation 136

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Optimal Tax Progressivity: An Analytical Framework

CEPR Discussion Paper No. DP9866
Number of pages: 79 Posted: 02 Jun 2014
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Minnesota and New York University (NYU) - Department of Economics
Downloads 0
Citation 62
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income distribution, labor supply, partial insurance, progressivity, skill investment, valued government expenditures, welfare

Health Versus Wealth: On the Distributional Effects of Controlling a Pandemic

NBER Working Paper No. w27046
Number of pages: 62 Posted: 28 Apr 2020 Last Revised: 17 Jul 2023
University of Texas at Austin - Department of Economics, Minneapolis Fed, University of Pennsylvania and University of Pennsylvania - Department of Economics
Downloads 33 (876,194)
Citation 14

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Health Versus Wealth: On the Distributional Effects of Controlling a Pandemic

CEPR Discussion Paper No. DP14606
Number of pages: 76 Posted: 08 May 2020 Last Revised: 09 Nov 2021
University of Texas at Austin - Department of Economics, Minneapolis Fed, University of Pennsylvania and University of Pennsylvania - Department of Economics
Downloads 0
Citation 42
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COVID-19, Economic Policy, redistribution

16.
Downloads 30 (877,280)
Citation 18

On the Desirability of Capital Controls

NBER Working Paper No. w21898
Number of pages: 37 Posted: 20 Jan 2016 Last Revised: 03 May 2023
Jonathan Heathcote and Fabrizio Perri
Minneapolis Fed and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 30 (903,119)

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On the Desirability of Capital Controls

CEPR Discussion Paper No. DP11080
Number of pages: 38 Posted: 02 Feb 2016
Jonathan Heathcote and Fabrizio Perri
Minneapolis Fed and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 0
Citation 6
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capital controls, international risk sharing, terms of trade

17.
Downloads 29 (886,099)
Citation 30

Wealth and Volatility

NBER Working Paper No. w20994
Number of pages: 50 Posted: 02 Mar 2015 Last Revised: 14 May 2023
Jonathan Heathcote and Fabrizio Perri
Minneapolis Fed and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 29 (912,436)

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Wealth and Volatility

CEPR Discussion Paper No. DP10453
Number of pages: 51 Posted: 02 Mar 2015
Jonathan Heathcote and Fabrizio Perri
Minneapolis Fed and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 0
Citation 13
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aggregate demand, business cycles, multiple equilibria, precautionary saving

18.

Two Views of Inequality Over the Life-Cycle

Number of pages: 14 Posted: 24 Jan 2005
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Oslo - Department of Economics and New York University (NYU) - Department of Economics
Downloads 29 (886,099)
Citation 5
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Wage inequality, consumption inequality, cohort effects, labor supply

19.

The Rise of Us Earnings Inequality: Does the Cycle Drive the Trend?

NBER Working Paper No. w27345
Number of pages: 46 Posted: 15 Jun 2020 Last Revised: 20 Mar 2023
Jonathan Heathcote, Fabrizio Perri and Gianluca Violante
Minneapolis Fed, Federal Reserve Banks - Federal Reserve Bank of Minneapolis and Princeton University
Downloads 20 (972,659)

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Downloads 20 (972,659)
Citation 6

Assessing International Efficiency

NBER Working Paper No. w18956
Number of pages: 67 Posted: 13 Apr 2013 Last Revised: 19 Apr 2023
Jonathan Heathcote and Fabrizio Perri
Minneapolis Fed and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 19 (1,015,323)
Citation 1

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Assessing International Efficiency

CEPR Discussion Paper No. DP9424
Number of pages: 69 Posted: 16 Apr 2013
Jonathan Heathcote and Fabrizio Perri
Minneapolis Fed and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 1 (1,211,172)
Citation 2
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International business cycles, International risk sharing, Long-run growth, Long-run risk, Real exchange rate

21.

More Unequal We Stand? Inequality Dynamics in the United States 1967–2021

NBER Working Paper No. w31486
Number of pages: 62 Posted: 25 Jul 2023
Jonathan Heathcote, Fabrizio Perri, Gianluca Violante and Lichen Zhang
Minneapolis Fed, Federal Reserve Banks - Federal Reserve Bank of Minneapolis, Princeton University and The University of Hong Kong - University of Hong Kong
Downloads 19 (983,033)
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22.
Downloads 18 (993,469)
Citation 15

Optimal Progressivity with Age-Dependent Taxation

NBER Working Paper No. w25617
Number of pages: 77 Posted: 04 Mar 2019 Last Revised: 01 Jul 2023
Jonathan Heathcote, Kjetil Storesletten and Giovanni Violante
Minneapolis Fed, University of Oslo - Department of Economics and Princeton University
Downloads 18 (1,026,407)

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Optimal Progressivity with Age-Dependent Taxation

CEPR Discussion Paper No. DP13550
Number of pages: 82 Posted: 07 Mar 2019
Jonathan Heathcote, Kjetil Storesletten and Gianluca Violante
Minneapolis Fed, University of Oslo - Department of Economics and Princeton University
Downloads 0
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income distribution, incomplete markets, Labor Supply, Life Cycle, Skill investment, Tax progressivity

23.

There is No Excess Volatility Puzzle

NBER Working Paper No. w32481
Number of pages: 60 Posted: 21 May 2024
Andrew Atkeson, Jonathan Heathcote and Fabrizio Perri
University of California, Los Angeles (UCLA) - Department of Economics, Minneapolis Fed and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 17 (1,004,004)
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24.

How Should Tax Progressivity Respond to Rising Income Inequality?

NBER Working Paper No. w28006
Number of pages: 46 Posted: 27 Oct 2020 Last Revised: 10 Jul 2023
Jonathan Heathcote, Kjetil Storesletten and Gianluca Violante
Minneapolis Fed, University of Oslo - Department of Economics and Princeton University
Downloads 17 (1,004,004)

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25.

Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion

CEPR Discussion Paper No. 5200
Number of pages: 58 Posted: 05 Oct 2005
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Oslo - Department of Economics and New York University (NYU) - Department of Economics
Downloads 17 (1,004,004)
Citation 1
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Insurance, labor supply, productivity, wage dispersion, welfare

The End of Privilege: A Reexamination of the Net Foreign Asset Position of the United States

NBER Working Paper No. w29771
Number of pages: 103 Posted: 21 Feb 2022 Last Revised: 07 Jun 2023
Andrew Atkeson, Jonathan Heathcote and Fabrizio Perri
University of California, Los Angeles (UCLA) - Department of Economics, Minneapolis Fed and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 7 (1,147,971)
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The End of Privilege: A Reexamination of the Net Foreign Asset Position of the United States

CEPR Discussion Paper No. DP17268
Number of pages: 80 Posted: 27 May 2022
Andrew Atkeson, Jonathan Heathcote and Fabrizio Perri
University of California, Los Angeles (UCLA) - Department of Economics, Minneapolis Fed and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 0
Citation 2
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current account, Equity Markets, Global Imbalaces

27.

Consumption and Labour Supply with Partial Insurance: An Analytical Framework

CEPR Discussion Paper No. DP6280
Number of pages: 64 Posted: 21 May 2008
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Oslo - Department of Economics and New York University (NYU) - Department of Economics
Downloads 3 (1,142,876)
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Consumption, incomplete markets, inequality, labour supply, partial insurance

28.

College Tuition and Income Inequality

CEPR Discussion Paper No. DP13101
Number of pages: 68 Posted: 21 Aug 2018
Zhifeng Cai and Jonathan Heathcote
Rutgers, The State University of New Jersey - Camden College of Arts and Sciences and Minneapolis Fed
Downloads 2 (1,152,288)
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Club goods, College tuition, Income inequality

29.

Optimal Income Taxation: Mirrlees Meets Ramsey

CEPR Discussion Paper No. DP10380
Number of pages: 58 Posted: 02 Feb 2015
Jonathan Heathcote and Hitoshi Tsujiyama
Minneapolis Fed and Goethe University Frankfurt
Downloads 1 (1,162,100)
Citation 1
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flat tax, Mirrlees taxation, optimal income taxation, private insurance, Ramsey taxation, social welfare functions, tax progressivity

30.

How Should Tax Progressivity Respond to Rising Income Inequality

CEPR Discussion Paper No. DP15394
Number of pages: 48 Posted: 03 Nov 2020
Jonathan Heathcote, Kjetil Storesletten and Gianluca Violante
Minneapolis Fed, University of Oslo - Department of Economics and Princeton University
Downloads 0 (1,172,568)
Citation 11
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inequality, InequalityMarkets, Labor Supply, optimal taxation, redistribution, Tax progressivity

31.

The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?

CEPR Discussion Paper No. DP14870
Number of pages: 48 Posted: 16 Jun 2020
Jonathan Heathcote, Fabrizio Perri and Gianluca Violante
Minneapolis Fed, Federal Reserve Banks - Federal Reserve Bank of Minneapolis and Princeton University
Downloads 0 (1,172,568)
Citation 18
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Earnings Losses upon Displacement, Non Participation, Recession, Skill Biased Technological Change, Zero Earnings

32.

Quantitative Macroeconomies with Heterogeneous Households

Federal Reserve Bank of Minneapolis Staff Report No. 420
Posted: 24 Jun 2009
Jonathan Heathcote, Kjetil Storesletten and Giovanni L. Violante
Minneapolis Fed, University of Oslo - Department of Economics and New York University (NYU) - Department of Economics

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Incomplete Markets, Inequality, Insurance, Idiosyncratic Risk, Redistribution