In the United States, the employment rate is nearly flat across wealth quintiles with the exception of the first … quintile. Correlations between wealth and employment are close to zero or moderately positive. However, incomplete markets … models with a standard utility function counterfactually generate a strongly negative relationship between wealth and …

role of inequality in labor markets and wealth.In Chapter 1, I study whether the effects of unemployment insurance (UI …. Meltem Daysal and Michael F. Lovenheim, we study the effect of changes in parental wealth in childhood on the … intergenerational transmission of wealth. Rising wealth inequality has spurred an increased interest in understanding how and why wealth …