Accounting for the U.S. Earnings and Wealth Inequality

By Ana Castaneda, Javier Dı́az-Giménez, José-Víctor Ríos-Rull. Journal of Political Economy, 2003

683 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/cda3206905218dc9e39940086074c3cabb2215ea

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Citations in the corpus

An empirical investigation of labor income processes (2007, background): “…and Samwick, 1997; Campbell et al., 2001; Gourinchas and Parker, 2002; Guvenen, 2007), the determination of wealth inequality (Huggett, 1996; Castaneda et al., 2003), the welfare costs of business cycles (Storesletten et al., 2001; Lucas, 2003), and the determination of asset prices…”
Measuring Income and Wealth at the Top Using Administrative and Survey Data (2016, neutral): “The results in 42 Castaneda, Diaz-Gimenez, and Rios-Rull (2003) look at the dynamic relationship between income and wealth from a theoretical perspective, in the context of a lifecycle model calibration exercise.”
Income taxation of U.S. households: facts and parametric estimates (2014, neutral): “See Ventura (1999), Altig et al. (2001), Castañeda et al. (2003), Díaz-Giménez and Pijoan-Mas (2005), Nishiyama and Smetters (2005), Conesa and Krueger (2006), Erosa and Koreshkova (2007), Conesa et al. (2009) and Guner et al. (2012a, 2012b), among others.”
Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy (2015, background): “Our paper is also broadly related to the literature on misallocation (Hsieh and Klenow, 2009; Caselli and Gennaioli, 2013; Midrigan and Xu, 2014; Moll, 2014) and inequality (Davies, 1982; Huggett, 1996; Aghion and Bolton, 1997; Castaneda et al., 2003; Nardi, 2004).”
Wealth Distribution and Social Mobility in the US: A Quantitative Approach (2015, background): “Castañeda et al. (2003) and Kindermann and Krueger (2015).3 Another factor which could contribute to generating a skewed distribution of wealth is differential saving rates across wealth levels, with higher saving and accumulation rates for the rich.”
Saving and Wealth Inequality (2017, neutral): “…skewness and kurtosis, and that the conditional moments of earnings changes display substantial variation by age and previous earnings level.9 Castañeda et al. (2003) were the first to highlight how a stochastic process featuring negative skewness may help generate a long right tail in the…”
Income and Wealth Inequality in America, 1949–2016 (2018, neutral): “3 See also Castaneda, Díaz-Giménez, and Ríos-Rull (2003) for a benchmarkmodel of crosssectional income and wealth inequality and Kaymak and Poschke (2016) for another recent attempt to explain time trends.”
On-the-Job Search and Precautionary Savings (2013, methodology): “This mechanism, which arises endogenously in the model, can readily be related to the work of Krusell and Smith (1998) and Castañeda et al. (2003).”
Consumption and labor supply with partial insurance: An analytical framework (2014, neutral): “Macroeconomists working with heterogeneous-agents models have traditionally been more interested in the levels (e.g., Aiyagari 1994; Huggett 1996; Castaneda et al. 2003; Krusell and Smith 1998).”
How Much Consumption Insurance beyond Self-Insurance? (2010, methodology): “We do it by inverting the non-linear tax function estimated by Gouveia & Strauss (1994) and used, for example, by Castaneda et al. (2003).”