inequality.bib

@article{liu2022interest-power,
  title={Low interest rates, market power, and productivity growth},
  author={Liu, Ernest and Mian, Atif and Sufi, Amir},
  journal={Econometrica},
  volume={90},
  number={1},
  pages={193--221},
  year={2022},
  publisher={Wiley Online Library}
}

@article{aghion2018innovation-inequality,
    author = {Aghion, Philippe and Akcigit, Ufuk and Bergeaud, Antonin and Blundell, Richard and Hemous, David},
    title = {Innovation and Top Income Inequality},
    journal = {Review of Economic Studies},
    volume = 86,
    number = 1,
    pages = {1-45},
    year = 2018,
    month = 06,
    abstract = "{In this article, we use cross-state panel and cross-U.S. commuting-zone data to look at the relationship between innovation, top income inequality and social mobility. We find positive correlations between measures of innovation and top income inequality. We also show that the correlations between innovation and broad measures of inequality are not significant. Next, using instrumental variable analysis, we argue that these correlations at least partly reflect a causality from innovation to top income shares. Finally, we show that innovation, particularly by new entrants, is positively associated with social mobility, but less so in local areas with more intense lobbying activities.}",
    issn = {0034-6527},
    doi = {10.1093/restud/rdy027},
    url = {https://doi.org/10.1093/restud/rdy027},
    eprint = {https://academic.oup.com/restud/article-pdf/86/1/1/29210158/rdy027.pdf},
}

@techreport{akcigit2019business-dynamism,
  title={What happened to US business dynamism?},
  author={Akcigit, Ufuk and Ates, Sina T},
  year={2019},
  type={Working Paper},
  institution={National Bureau of Economic Research}
}

@article{acemoglu2018innovation-growth,
  title={Innovation, reallocation, and growth},
  author={Acemoglu, Daron and Akcigit, Ufuk and Alp, Harun and Bloom, Nicholas and Kerr, William},
  journal={American Economic Review},
  volume={108},
  number={11},
  pages={3450--91},
  year={2018}
}

@article{deloecker2020market-power,
    author = {De Loecker, Jan and Eeckhout, Jan and Unger, Gabriel},
    title = {The Rise of Market Power and the Macroeconomic Implications},
    journal = {Quarterly Journal of Economics},
    volume = {135},
    number = {2},
    pages = {561-644},
    year = {2020},
    month = {01},
    abstract = "{We document the evolution of market power based on firm-level data for the U.S. economy since 1955. We measure both markups and profitability. In 1980, aggregate markups start to rise from 21\% above marginal cost to 61\% now. The increase is driven mainly by the upper tail of the markup distribution: the upper percentiles have increased sharply. Quite strikingly, the median is unchanged. In addition to the fattening upper tail of the markup distribution, there is reallocation of market share from low- to high-markup firms. This rise occurs mostly within industry. We also find an increase in the average profit rate from 1\% to 8\%. Although there is also an increase in overhead costs, the markup increase is in excess of overhead. We discuss the macroeconomic implications of an increase in average market power, which can account for a number of secular trends in the past four decades, most notably the declining labor and capital shares as well as the decrease in labor market dynamism.}",
    issn = {0033-5533},
    doi = {10.1093/qje/qjz041},
    url = {https://doi.org/10.1093/qje/qjz041},
    eprint = {https://academic.oup.com/qje/article-pdf/135/2/561/32995291/qjz041.pdf},
}


@techreport{moll2022uneven,
  title={Uneven growth: automation's impact on income and wealth inequality},
  author={Moll, Benjamin and Rachel, Lukasz and Restrepo, Pascual},
  year={2022},
  type={Working Paper},
  institution={London School of Economics}
}

@techreport{lippi2021unequal,
  title={Unequal growth},
  author={Lippi, Francesco and Perri, Fabrizio},
  year={2021},
  type={Working Paper},
  institution={LUISS}
}

@techreport{kuchler2022expectations,
 title = "Housing Market Expectations",
 author = "Kuchler, Theresa and Piazzesi, Monika and Stroebel, Johannes",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "29909",
 year = "2022",
 month = "April",
 doi = {10.3386/w29909},
 URL = "http://www.nber.org/papers/w29909",
 abstract = {We review the recent literature on the determinants and effects of housing market expectations. We begin by providing an overview of existing surveys that elicit housing market expectations, and discuss how those surveys may be expanded in the future. We then document a number of facts about time-series and cross-sectional patterns of housing market expectations in these survey data, before summarizing research that has studied how individuals form these expectations. Housing market expectations are strongly influenced by recently observed house price changes, by personally or locally observed house price changes, by house price changes observed in a  person's social network, and by current home ownership status. Similarly, experienced house price volatility affects expectations uncertainty. We also summarize recent work that documents how differences in housing market expectations translate into differences in individuals’ housing market behaviors, including their home purchasing and mortgage financing decisions. Finally, we highlight research on how expectations affect aggregate outcomes in the housing market.},
}

@techreport{doettling2020secular,
  title={Secular Trends and Technological Progress},
  author={Döttling, Robin and Perotti, Enrico},
  year={2020},
  institution={University of Bonn and University of Cologne, Germany}
}

@techreport{Malmendier:2019,
Author = {Ulrike M. Malmendier and L. Sheng},
Title = {Scarred Consumption},
type = {Working Paper},
institution = {NBER},
year = {2019}
}

@techreport{Huber:2020,
Author = {Stefanie J. Huber and Christna Rott and Giovanni Giusti},
Title = {{Housing Consumption and Bubble Size}},
type = {Working Paper},
institution = {University of Amsterdam},
year = {2020}
}

@techreport{Huber:2019,
Author = {Stefanie J. Huber},
Title = {{Housing Booms and Busts: Convergence and Divergence in OECD countries}},
type = {Working Paper},
institution = {University of Amsterdam},
year = {2019}
}

@article{Huber:2022,
Author = {Stefanie J. Huber and Tobias Schmidt},
Title = {{Nevertheless, they persist: Cross-Country Difference in Homeownership Behavior}},
Journal = {Journal of Housing Economics},
Volume = {55},
year = {2022}
}

@article{Kuchler:2019,
author = {Kuchler, T.   and Zafar, B.},
title = {Personal Experiences and Expectations about Aggregate Outcomes},
journal = {Journal of Finance},
volume = {74},
number = {5},
pages = {2491-2542},
year = {2019}
}

@techreport{laibson2022mpc-to-mpx,
  title={A Simple Mapping from MPCs to MPXs},
  author={Laibson, David and Maxted, Peter and Moll, Benjamin},
  year={2022},
  type={Working Paper},
  institution={LSE}
}

@article{bertrand2016trickle,
  title={Trickle-down consumption},
  author={Bertrand, Marianne and Morse, Adair},
  journal={Review of Economics and Statistics},
  volume={98},
  number={5},
  pages={863--879},
  year={2016},
  publisher={The MIT Press}
}

@techreport{bellet2019mcmansion,
  title={The McMansion effect: Top house size and positional externalities in US suburbs},
  author={Bellet, Clement},
  type={Working Paper},
  institution={Erasmus University Rotterdam},
  year=2019
}

@techreport{exler2020consumer,
  title={Consumer debt and default: A Macroeconomic perspective},
  author={Exler, Florian and Tertilt, Mich{\`e}le},
  year={2020},
  type={Discussion Paper},
  institution={CEPR},
  number={14425}

}

@techreport{exler2020over-optimistic,
  title={Consumer credit with over-optimistic borrowers},
  author={Exler, Florian and Livshits, Igor and MacGee, Jim and Tertilt, Mich{\`e}le},
  year={2020},
  type={Discussion Paper},
  institution={CEPR},
  number={15570}
}

@techreport{laibson2021present,
  title={Present bias amplifies the household balance-sheet channels of macroeconomic policy},
  author={Laibson, David and Maxted, Peter and Moll, Benjamin},
  year={2021},
  type={Working Paper},
  institution={National Bureau of Economic Research}
}


@article{mian2021indebted-demand,
  title={Indebted demand},
  author={Mian, Atif and Straub, Ludwig and Sufi, Amir},
  journal={The Quarterly Journal of Economics},
  volume={136},
  number={4},
  pages={2243--2307},
  year={2021},
  publisher={Oxford University Press}
}

@article{kumhof2015inequality,
  title={Inequality, leverage, and crises},
  author={Kumhof, Michael and Ranci{\`e}re, Romain and Winant, Pablo},
  journal={American Economic Review},
  volume={105},
  number={3},
  pages={1217--45},
  year={2015}
}

@article{guren2021housing,
  title={Housing wealth effects: The long view},
  author={Guren, Adam M and McKay, Alisdair and Nakamura, Emi and Steinsson, J{\'o}n},
  journal={Review of Economic Studies},
  volume={88},
  number={2},
  pages={669--707},
  year={2021},
  publisher={Oxford University Press}
}

@article{berger2018house,
  title={House prices and consumer spending},
  author={Berger, David and Guerrieri, Veronica and Lorenzoni, Guido and Vavra, Joseph},
  journal={Review of Economic Studies},
  volume={85},
  number={3},
  pages={1502--1542},
  year={2018},
  publisher={Oxford University Press}
}

@article{berger2015consumption,
  title={Consumption dynamics during recessions},
  author={Berger, David and Vavra, Joseph},
  journal={Econometrica},
  volume={83},
  number={1},
  pages={101--154},
  year={2015},
  publisher={Wiley Online Library}
}

@techreport{bilbiie2018analytical,
  title={Monetary policy and heterogeneity: An analytical framework},
  author={Bilbiie, Florin Ovidiu},
  year={2018},
  institution={CEPR},
  type={Discussion Paper},
  number={12601}
}

@article{kaplan2018monetary,
  title={Monetary policy according to HANK},
  author={Kaplan, Greg and Moll, Benjamin and Violante, Giovanni L},
  journal={American Economic Review},
  volume=108,
  number=3,
  pages={697--743},
  year=2018
}

@article{kaplan2018microeconomic,
  title={Microeconomic heterogeneity and macroeconomic shocks},
  author={Kaplan, Greg and Violante, Giovanni L},
  journal={Journal of Economic Perspectives},
  volume={32},
  number={3},
  pages={167--94},
  year={2018}
}

@techreport{greimel2019understanding,
  title={Understanding Housing Wealth Effects: Debt, Homeownership and the Lifecycle},
  author={Greimel, Fabian and Zadow, Frederick},
  year=2019,
  institution={Working paper, University of Mannheim}
}

@article{kaplan2020housing,
  title={The housing boom and bust: Model meets evidence},
  author={Kaplan, Greg and Mitman, Kurt and Violante, Giovanni L},
  journal={Journal of Political Economy},
  volume={128},
  number={9},
  pages={3285--3345},
  year={2020},
  publisher={The University of Chicago Press Chicago, IL}
}

@article{bailey2018housing,
  title={The economic effects of social networks: Evidence from the housing market},
  author={Bailey, Michael and Cao, Ruiqing and Kuchler, Theresa and Stroebel, Johannes},
  journal={Journal of Political Economy},
  volume={126},
  number={6},
  pages={2224--2276},
  year={2018},
  publisher={University of Chicago Press Chicago, IL}
}

@article{bailey2019beliefs-leverage,
  title={House price beliefs and mortgage leverage choice},
  author={Bailey, Michael and D{\'a}vila, Eduardo and Kuchler, Theresa and Stroebel, Johannes},
  journal={Review of Economic Studies},
  volume={86},
  number={6},
  pages={2403--2452},
  year={2019},
  publisher={Oxford University Press}
}

@article{livshits2007consumer,
  title={Consumer bankruptcy: A fresh start},
  author={Livshits, Igor and MacGee, James and Tertilt, Michele},
  journal={American Economic Review},
  volume={97},
  number={1},
  pages={402--418},
  year={2007}
}

@article{chatterjee2007quantitative,
  title={A quantitative theory of unsecured consumer credit with risk of default},
  author={Chatterjee, Satyajit and Corbae, Dean and Nakajima, Makoto and R{\'\i}os-Rull, Jos{\'e}-V{\'\i}ctor},
  journal={Econometrica},
  volume={75},
  number={6},
  pages={1525--1589},
  year={2007},
  publisher={Wiley Online Library}
}

@article{athreya2002welfare,
  title={Welfare implications of the bankruptcy reform act of 1999},
  author={Athreya, Kartik B},
  journal={Journal of Monetary Economics},
  volume={49},
  number={8},
  pages={1567--1595},
  year={2002},
  publisher={Elsevier}
}

@article{mian2013household,
  title={Household balance sheets, consumption, and the economic slump},
  author={Mian, Atif and Rao, Kamalesh and Sufi, Amir},
  journal={Quarterly Journal of Economics},
  volume={128},
  number={4},
  pages={1687--1726},
  year={2013},
  publisher={MIT Press}
}

@techreport{drechsel2021falling-behind,
  title={Falling Behind: Has Rising Inequality Fueled the American Debt Boom?},
  author={Drechsel-Grau, Moritz and Greimel, Fabian},
  year=2021,
type={Working Paper},
  institution={University of Amsterdam}
}