Jonathan Heathcote

Minneapolis Fed

Monetary Advisor

90 Hennepin Avenue

Minneapolis, MN 55480

United States

http://www.jonathanheathcote.com

SCHOLARLY PAPERS

31

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Scholarly Papers (31)

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1.

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 335 (150,438)
Citation 8

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

2.

The Price and Quantity of Residential Land in the United States

Downloads 297 (170,890)
Citation 175

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 275 (184,183)
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 (859,409)
Citation 53
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Housing, land prices

3.

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

Downloads 151 (320,602)
Citation 1

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
Andrew Glover, Jonathan Heathcote, Dirk Krueger and José-Victor Rios-Rull
Federal Reserve Bank of Kansas City, Minneapolis Fed, University of Pennsylvania and University of Pennsylvania - Department of Economics
Downloads 127 (368,307)
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
Andrew Glover, Jonathan Heathcote, Dirk Krueger and José-Victor Rios-Rull
Federal Reserve Bank of Kansas City, Minneapolis Fed, University of Pennsylvania and University of Pennsylvania - Department of Economics
Downloads 24 (840,756)

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COVID-19; Economic Policy; Redistribution

4.

Dollarization and Financial Integration

Downloads 135 (350,372)
Citation 10

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 134 (353,427)

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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 (1,062,877)
Citation 4
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Dollarization, sovereign debt

5.

Financial Globalization and Real Regionalization

Downloads 133 (354,385)
Citation 80

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 62 (589,632)

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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 50 (649,424)

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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 (868,833)
Citation 6
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International business cycles, international diversification

6.

Quantitative Macroeconomics with Heterogeneous Households

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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, Department of Economics
Downloads 83 (495,297)

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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, 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, Department of Economics

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7.

Intergenerational Redistribution in the Great Recession

Downloads 79 (504,869)
Citation 21

Intergenerational Redistribution in the Great Recession

FRB Atlanta CQER Working Paper No. 2014-1
Number of pages: 78 Posted: 30 Mar 2015
Andrew S. Glover, Jonathan Heathcote, Dirk Krueger and Jose-Victor Rios-Rull
University of Texas at Austin, Minneapolis Fed, University of Pennsylvania - Department of Economics and University of Minnesota - Twin Cities
Downloads 47 (667,786)
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
Andrew S. Glover, Jonathan Heathcote, Dirk Krueger and Jose-Victor Rios-Rull
University of Texas at Austin, Minneapolis Fed, University of Pennsylvania - Department of Economics and University of Minnesota - Twin Cities
Downloads 27 (814,511)
Citation 7

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Intergenerational Redistribution in the Great Recession

CEPR Discussion Paper No. DP8329
Number of pages: 81 Posted: 18 Apr 2011
Andrew S. Glover, Jonathan Heathcote, Dirk Krueger and Jose-Victor Rios-Rull
University of Texas at Austin, Minneapolis Fed, University of Pennsylvania - Department of Economics and University of Minnesota - Twin Cities
Downloads 5 (1,028,327)
Citation 6
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aggregate risk, asset prices, overlapping generations and recessions

8.

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

Downloads 76 (516,303)
Citation 8

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
Jonathan Heathcote, Kjetil Storeslettenand and Giovanni L. Violante
Minneapolis Fed, affiliation not provided to SSRN and New York University, Department of Economics
Downloads 56 (615,759)
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, Department of Economics
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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, Department of Economics
Downloads 52 (630,899)
Citation 1

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10.

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

Downloads 48 (647,536)
Citation 288

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, Department of Economics
Downloads 43 (693,202)
Citation 113

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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, Department of Economics
Downloads 5 (1,028,327)
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, Department of Economics

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

11.

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, Department of Economics
Downloads 45 (664,880)
Citation 64

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12.

Optimal Tax Progressivity: An Analytical Framework

Downloads 43 (676,891)
Citation 165

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, Department of Economics
Downloads 43 (693,202)
Citation 99

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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, Department of Economics
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Citation 62
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income distribution, labor supply, partial insurance, progressivity, skill investment, valued government expenditures, welfare

13.

Consumption and Labor Supply with Partial Insurance: An Analytical Framework

Downloads 39 (702,459)
Citation 50

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, Department of Economics
Downloads 39 (720,640)
Citation 50

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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, Department of Economics

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wage inequality, consumption inequality, structural estimation

14.

The International Diversification Puzzle is Not as Bad as You Think

Downloads 38 (709,239)
Citation 45

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 34 (757,255)

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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 (1,037,021)
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

15.

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, Department of Economics
Downloads 29 (774,511)
Citation 5
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Wage inequality, consumption inequality, cohort effects, labor supply

16.

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

Downloads 26 (798,231)
Citation 47

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
Andrew Glover, Jonathan Heathcote, Dirk Krueger and José-Victor Rios-Rull
University of Texas at Austin - Department of Economics, Minneapolis Fed, University of Pennsylvania and University of Pennsylvania - Department of Economics
Downloads 26 (823,125)
Citation 5

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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
Andrew Glover, Jonathan Heathcote, Dirk Krueger and José-Victor Rios-Rull
University of Texas at Austin - Department of Economics, Minneapolis Fed, University of Pennsylvania and University of Pennsylvania - Department of Economics
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Citation 46
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COVID-19, Economic Policy, redistribution

17.

On the Desirability of Capital Controls

Downloads 25 (806,494)
Citation 16

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 25 (831,706)

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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
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Citation 6
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capital controls, international risk sharing, terms of trade

18.

Wealth and Volatility

Downloads 24 (814,956)
Citation 26

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 24 (840,756)

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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
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Citation 13
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aggregate demand, business cycles, multiple equilibria, precautionary saving

19.

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 17 (878,044)
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20.

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, Department of Economics
Downloads 17 (878,044)
Citation 1
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Insurance, labor supply, productivity, wage dispersion, welfare

21.

Assessing International Efficiency

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Citation 4

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 15 (928,512)
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 (1,062,877)
Citation 2
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International business cycles, International risk sharing, Long-run growth, Long-run risk, Real exchange rate

22.

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 13 (916,768)

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23.

Optimal Progressivity with Age-Dependent Taxation

Downloads 10 (945,790)
Citation 9

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 10 (980,250)

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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
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income distribution, incomplete markets, Labor Supply, Life Cycle, Skill investment, Tax progressivity

24.

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

Downloads 7 (973,101)
Citation 3

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 (1,009,937)
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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
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Citation 2
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current account, Equity Markets, Global Imbalaces

25.

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 5 (989,430)

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26.

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, Department of Economics
Downloads 3 (1,004,481)
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Consumption, incomplete markets, inequality, labour supply, partial insurance

27.

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 (1,012,050)
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Club goods, College tuition, Income inequality

28.

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 (1,019,906)
Citation 1
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flat tax, Mirrlees taxation, optimal income taxation, private insurance, Ramsey taxation, social welfare functions, tax progressivity

29.

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 (1,028,662)
Citation 10
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inequality, InequalityMarkets, Labor Supply, optimal taxation, redistribution, Tax progressivity

30.

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 (1,028,662)
Citation 12
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Earnings Losses upon Displacement, Non Participation, Recession, Skill Biased Technological Change, Zero Earnings

31.

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, Department of Economics

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Incomplete Markets, Inequality, Insurance, Idiosyncratic Risk, Redistribution