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Consumption, Wealth, and Income Inequality: A Tale of Tails

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Entrepreneurship, Saving, and Social Mobility
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The design of tax structure: Direct versus indirect taxation
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The risk-free rate in heterogeneous-agent incomplete-insurance economies
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A theory of the saving rate of the rich
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Idiosyncratic production risk, growth and the business cycle
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A simpler theory of optimal capital taxation
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Uninsured idiosyncratic investment risk and aggregate saving
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Saving and wealth inequality
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Income and Wealth Heterogeneity in the Macroeconomy
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Cost of Business Cycles with Indivisibilities and Liquidity Constraints
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Accounting for the U.S. Earnings and Wealth Inequality
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Do the Rich Save More?
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Cyclical Dynamics in Idiosyncratic Labor Market Risk
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Entrepreneurship, Frictions, and Wealth
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Asset Pricing Implications of Pareto Optimality with Private Information
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The Double Power Law in Consumption and Implications for Testing Euler Equations
inferredcites →https://doi.org/10.1086/712332openalex-extracted
Sources of US Wealth Inequality: Past, Present, and Future
inferredcites →https://doi.org/10.1086/721702openalex-extracted
Consumption and Income Inequality in the United States since the 1960s
inferredcites →https://doi.org/10.1093/qje/qjab007openalex-extracted
Indebted Demand
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Use It or Lose It: Efficiency and Redistributional Effects of Wealth Taxation
inferredcites →https://doi.org/10.1093/qje/qjad039openalex-extracted
Measuring Growth in Consumer Welfare with Income-Dependent Preferences: Nonparametric Methods and Estimates for the United States
inferredcites →https://doi.org/10.1093/qje/qjw004openalex-extracted
Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data *
inferredcites →https://doi.org/10.1093/qje/qjx018openalex-extracted
Optimal Tax Progressivity: An Analytical Framework*
inferredcites →https://doi.org/10.1093/restud/rdab002openalex-extracted
Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach
inferredcites →https://doi.org/10.1111/j.1467-937x.2004.00302.xopenalex-extracted
Wealth Inequality and Intergenerational Links
inferredcites →https://doi.org/10.1111/j.1467-937x.2006.00373.xopenalex-extracted
Does Income Inequality Lead to Consumption Inequality? Evidence and Theory1
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Power-Law Distributions in Empirical Data
inferredcites →https://doi.org/10.1162/00335530360535135openalex-extracted
Income Inequality in the United States, 1913-1998
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Productivity Losses from Financial Frictions: Can Self-Financing Undo Capital Misallocation?
inferredcites →https://doi.org/10.1257/aer.104.5.122openalex-extracted
Consumption Inequality over the Last Half Century: Some Evidence Using the New PSID Consumption Measure
inferredcites →https://doi.org/10.1257/aer.20120599openalex-extracted
Has Consumption Inequality Mirrored Income Inequality?
inferredcites →https://doi.org/10.1257/aer.20121549openalex-extracted
Consumption Inequality and Family Labor Supply
inferredcites →https://doi.org/10.1257/aer.20151684openalex-extracted
Wealth Distribution and Social Mobility in the US: A Quantitative Approach
inferredcites →https://doi.org/10.1257/aer.20160042openalex-extracted
Monetary Policy According to HANK
inferredcites →https://doi.org/10.1257/aer.20170666openalex-extracted
Rich Pickings? Risk, Return, and Skill in Household Wealth
inferredcites →https://doi.org/10.1257/aer.p20161021openalex-extracted
Estimating the Top Tail of the Wealth Distribution
inferredcites →https://doi.org/10.1257/aeri.20220192openalex-extracted
Should We Tax Capital Income or Wealth?
inferredcites →https://doi.org/10.1257/jel.20161390openalex-extracted
Skewed Wealth Distributions: Theory and Empirics
inferredcites →https://doi.org/10.1257/mac.20150051openalex-extracted
Zipf's Law, Pareto's Law, and the Evolution of Top Incomes in the United States
inferredcites →https://doi.org/10.21033/wp-2022-03openalex-extracted
A Fair Day’s Pay for a Fair Day’s Work: Optimal Tax Design as Redistributional Arbitrage
inferredcites →https://doi.org/10.2139/ssrn.3642393openalex-extracted
Optimal Taxation of Capital Income with Heterogeneous Rates of Return
inferredcites →https://doi.org/10.2139/ssrn.3827608openalex-extracted
Redistribution of Return Inequality
inferredcites →https://doi.org/10.2139/ssrn.3915439openalex-extracted
Wealth Inequality in the US: the Role of Heterogeneous Returns
inferredcites →https://doi.org/10.2139/ssrn.3966130openalex-extracted
Wealth, Returns, and Taxation: A Tale of Two Dependencies
inferredcites →https://doi.org/10.2139/ssrn.4020783openalex-extracted
Wealth-in-Utility and the Optimal Capital Taxation
inferredcites →https://doi.org/10.2139/ssrn.4235473openalex-extracted
Sufficient Statistics for Nonlinear Tax Systems with General Across-Income Heterogeneity
inferredcites →https://doi.org/10.2139/ssrn.4552219openalex-extracted
National Accounts in a World of Naturally Occurring Data: A Proof of Concept for Consumption
inferredcites →https://doi.org/10.2139/ssrn.4665585openalex-extracted
The Preference for Wealth and Inequality: Towards a Piketty Theory of Wealth Inequality
inferredcites →https://doi.org/10.2307/1289979openalex-extracted
Measuring Poverty: A New Approach
inferredcites →https://doi.org/10.2307/1911412openalex-extracted
Pareto Superiority of Unegalitarian Equilibria in Stiglitz' Model of Wealth Distribution with Convex Saving Function
inferredcites →https://doi.org/10.2307/1912788openalex-extracted
Distribution of Income and Wealth Among Individuals
inferredcites →https://doi.org/10.2307/2118417openalex-extracted
Uninsured Idiosyncratic Risk and Aggregate Saving
inferredcites →https://doi.org/10.2307/2171853openalex-extracted
On the Concavity of the Consumption Function
inferredcites →https://doi.org/10.2307/2296780openalex-extracted
Capital Taxes, the Redistribution of Wealth and Individual Savings
inferredcites →https://doi.org/10.3386/w23963openalex-extracted
The Lifetime Costs of Bad Health
inferredcites →https://doi.org/10.3386/w6549openalex-extracted
Why Do the Rich Save So Much?
inferredcites →https://doi.org/10.3982/ecta14835openalex-extracted
Heterogeneity and Persistence in Returns to Wealth
inferredcites →https://doi.org/10.3982/ecta19417openalex-extracted
Uneven Growth: Automation's Impact on Income and Wealth Inequality
inferredcites →https://doi.org/10.48550/arxiv.2206.04257openalex-extracted
Capital and Labor Income Pareto Exponents in the United States, 1916-2019
inferredcites →https://doi.org/10.48550/arxiv.2211.15509openalex-extracted
Uncovering the Dynamics of the Wealth Distribution
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