Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality … account for these empirical facts, I develop a theory based on an otherwise standard incomplete-markets OLG model with ex …

The inheritance tax is often seen as an effective tool to reduce wealth inequality, to raise public budgets if needed … tool for fighting wealth inequality without having distorting effects for the economy. For this purpose, the distributional …

heterogeneity to quantify their effects on wealth inequality. The results show that with the available estimates of the risk … aversion distribution from PSID data the model can match the observed degree of wealth inequality in the U.S., accounting for …

How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we … income risk and taxes. We find that adding data on inequality does not materially change the estimated shocks and frictions … income inequality. The systematic components of monetary and fiscal policy are important for inequality as well. …