The Macroeconomic Implications of Rising Wage Inequality in the United States

By Jonathan Heathcote, Kjetil Storesletten, Giovanni L. Violante. Journal of Political Economy, 2008

475 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Gender Studies

View Paper: https://www.semanticscholar.org/paper/127d28708c41a6fefd18ae2ec1e7b1ba8cb27669

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Citations in the corpus

Inequality and the Lifecycle (2011, methodology): “Heathcote, Storesletten, and Violante (2010a) used a similar model to understand low frequency time trends in inequality in the United States.”
What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk? (2015, background): “30This figure is on the high end of earlier estimates; see, for example, Haider (2001), Storesletten et al. (2004), and Heathcote et al. (2010).”
Divorce Risk, Wages and Working Wives: A Quantitative Life‐Cycle Analysis of Female Labour Force Participation (2014, unknown): “© 2014 Royal Economic Society. wealth to average earnings generated by the model is 3.87, which is close to the value of 3.94 for the US found by Heathcote et al. (2010).39 Second, recall that wedidnot directly target theLFPofwomenwith children and thus a comparison with the data is informative.”
EVOLUTION OF GENDER DIFFERENCES IN POST-SECONDARY HUMAN CAPITAL INVESTMENTS: COLLEGE MAJORS (2014, unknown): “On the other hand, unlike other studies which explicitly model the equilibrium in skill prices (e.g. Lee and Wolpin 2005; Heathcote, Storesletten, and Violante 2010), we do not model the equilibrium.”
Heterogeneity and Government Revenues: Higher Taxes at the Top? (2014, unknown): “To capture the relationship between income and income taxes paid at the federal level, our analysis uses a parametric tax function – put forward by Benabou (2002) and used recently by Heathcote et al. (2016) and others – that captures the effective tax rates emerging from the Internal Revenue Servic”
Consumption, Income and Earnings Inequality in Britain (2010, background): “…attempted to explain the empirical phenomena underlying the observed distributional dynamics of consumption and income inequality: including, Blundell and Preston (1998), Blundell et al. (2008c), Guvenen (2006), Heathcote et al. (2004, 2007), Krueger and Perri (2006) and Storesletten et al. (2004).”
Consumption, Income, and Wealth Inequality in Canada (2010, background): “These patterns are quite different from those observed in the U.S., where the college premium and the supply of college graduates have been rising simultaneously since the late 1970’s (Heathcote et al. (2008)).”
The Quantitative Role of Child Care for Female Labor Force Participation and Fertility (2016, unknown): “Hotz and Miller (1988), Francesconi (2002) or Haan and Wrohlich (2011), I abstract from savings.”
Families in Macroeconomics (2016, unknown): “ai Another perspective on higher premarital investments by women is provided by Iyigun and Walsh (2007a), who focus on the impact of investments both on sorting of spouses and on bargaining power within marriage (see also Iyigun and Walsh, 2007b; Chiappori et al.”
Reflections on societal and business model transformation arising from digitization and big data analytics: A research agenda (2015, background): “Bekman et al. (1998) and Heathcote et al. (2010) point to technical change favoring skilled over unskilled labor by increasing its relative productivity and its relative demand.”
The equilibrium effect of fundamentals on house prices and rents (2013, methodology): “18 Using data from the Panel Study of Income Dynamics (PSID), work by Card (1994) and Heathcote et al. (2010b) indicates ρw in the range 0.88–0.96, and sw in the range 0.12–0.25. aggregator, α, the discount factor, β, and the landlord utility loss parameter, χ.19 These three parameters are…”
How Well Does the U.S. Social Insurance System Provide Social Insurance? (2010, methodology): “We approximate each productivity process with a discrete number of shocks.12 10 Heathcote et al. (2008) analyze a related model with time-varying variances of different components of wages to account for the change in cross-sectional hours, wage, earnings, and consumption inequality in the United…”
The evolution of wealth inequality over half a century: The role of taxes, transfers and technology (2016, methodology): “The Gini coefficient of earnings in the model is very close to that reported by Heathcote et al. (2010a), while top earnings shares are slightly higher in the model than in the data. The main reason for this discrepancy is that the data figures on top earnings shares come from Piketty and Saez (2003”