Jonathan Heathcote

Minneapolis Fed

Monetary Advisor

90 Hennepin Avenue

Minneapolis, MN 55480

United States

http://www.jonathanheathcote.com

SCHOLARLY PAPERS

34

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Scholarly Papers (34)

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 387 (164,306)
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 24 (1,141,040)
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 361 (179,287)
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 150 (422,531)
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 35 (1,009,799)

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COVID-19; Economic Policy; Redistribution

4.

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
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Club goods, College tuition, Income inequality

5.
Downloads 168 (383,426)
Citation 5

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 166 (387,077)

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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 2 (1,386,977)
Citation 5
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Dollarization, sovereign debt

6.
Downloads 168 (383,426)
Citation 6

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 81 (667,100)

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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 64 (763,188)

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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 23 (1,154,281)
Citation 6
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International business cycles, international diversification

7.

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 123 (494,947)
Citation 1

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8.

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 114 (524,463)
Citation 81

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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 64 (763,188)
Citation 2

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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 41 (947,725)
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 7 (1,352,236)
Citation 6
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aggregate risk, asset prices, overlapping generations and recessions

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 111 (538,776)
Citation 81

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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

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 100 (582,834)

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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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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 69 (732,311)
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 (1,194,460)
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Consumption inequality, labour supply, wage inequality, welfare

13.
Downloads 65 (743,754)
Citation 233

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 63 (769,761)
Citation 171

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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 2 (1,386,977)
Citation 62
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income distribution, labor supply, partial insurance, progressivity, skill investment, valued government expenditures, welfare

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 53 (841,742)
Citation 149

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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 6 (1,360,247)
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 52 (849,656)

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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 (1,373,961)
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

16.
Downloads 42 (915,790)
Citation 13

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 41 (947,725)

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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 1 (1,395,640)
Citation 13
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aggregate demand, business cycles, multiple equilibria, precautionary saving

17.

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 41 (925,111)
Citation 1
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flat tax, Mirrlees taxation, optimal income taxation, private insurance, Ramsey taxation, social welfare functions, tax progressivity

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 37 (988,490)
Citation 16

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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 1 (1,395,640)
Citation 42
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COVID-19, Economic Policy, redistribution

19.

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 36 (973,908)

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20.

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 34 (994,494)

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21.
Downloads 34 (994,494)
Citation 6

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 34 (1,020,747)

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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

22.

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 33 (1,005,071)
Citation 5
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Wage inequality, consumption inequality, cohort effects, labor supply

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 31 (1,054,548)

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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 1 (1,395,640)
Citation 2
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current account, Equity Markets, Global Imbalaces

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 30 (1,066,215)

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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 1 (1,395,640)
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income distribution, incomplete markets, Labor Supply, Life Cycle, Skill investment, Tax progressivity

25.

There is No Excess Volatility Puzzle

NBER Working Paper No. w32481
Number of pages: 62 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 27 (1,072,348)
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26.

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 26 (1,084,097)

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Downloads 24 (1,108,278)
Citation 3

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 22 (1,167,641)
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 2 (1,386,977)
Citation 2
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International business cycles, International risk sharing, Long-run growth, Long-run risk, Real exchange rate

28.

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 18 (1,182,409)
Citation 1
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Insurance, labor supply, productivity, wage dispersion, welfare

29.

Reconciling Macroeconomics and Finance for the U.S. Corporate Sector: 1929 to Present

NBER Working Paper No. w33459
Number of pages: 63 Posted: 11 Feb 2025
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 12 (1,252,870)
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30.

Fiscal Progressivity of the U.S. Federal and State Governments

NBER Working Paper No. w33385
Number of pages: 115 Posted: 28 Jan 2025
Board of Governors of the Federal Reserve System, Minneapolis Fed, University of Minnesota and Princeton University
Downloads 5 (1,311,598)
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31.

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 (1,322,161)
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Consumption, incomplete markets, inequality, labour supply, partial insurance

32.

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 2 (1,327,747)
Citation 11
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inequality, InequalityMarkets, Labor Supply, optimal taxation, redistribution, Tax progressivity

33.

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 1 (1,334,629)
Citation 26
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Earnings Losses upon Displacement, Non Participation, Recession, Skill Biased Technological Change, Zero Earnings

34.

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