Simulating the Transmission of Wealth Inequality

By Jagadeesh Gokhale and Laurence J. Kotlikoff

American Economic Review, May 2002

Wealth Inequality and Altruistic Bequests

By John Laitner

American Economic Review, May 2002

Setting the Record Straight on Racial Wealth Inequality

By Fenaba R. Addo, William A. Darity Jr., and Samuel L. Myers Jr.

AEA Papers and Proceedings, May 2024

The racial wealth gap in the United States is the object of much misrepresentation and misunderstanding. Our paper is intended to provide a corrective. We will address how the mainstream economic view of the drivers of racial disparities in wealth is a hu...

The Importance of Bequests and Life-Cycle Saving in Capital Accumulation: A New Answer

By Karen E. Dynan, Jonathan Skinner, and Stephen P. Zeldes

American Economic Review, May 2002

Racial Wealth Inequality and Access to Care with High-Deductible Health Insurance

By Naomi Zewde

AEA Papers and Proceedings, May 2024

This paper evaluates racial inequalities in health-care affordability between high-deductible and conventional insurance. Using the 2011–2017 National Health Interview Survey, the study finds that Blacks in high-deductible plans are not disproportionate...

Analytic Approaches to Measuring the Black-White Wealth Gap

By Jermaine Toney, Fenaba R. Addo, and Darrick Hamilton

AEA Papers and Proceedings, May 2024

Does the measurement of the racial wealth gap shift depending on the model, method, and dataset used? We contrast the traditional mean Oaxaca-Blinder decomposition with the distributional Recentered Influence Function (RIF) methods. The untransformed, log...

American Indian Wealth in the Early Twentieth Century

By Donn. L. Feir, Maggie E. C. Jones, and Angela Redish

AEA Papers and Proceedings, May 2024

We use data from the Bureau of Indian Affairs annual reports between 1912 and 1927 to examine the wealth of Indigenous nations in the contiguous United States during the early twentieth century. Our estimates reveal considerable heterogeneity in wealth ho...

Student Debt Relief and Racial Wealth Gaps

By Gerald E. Daniels Jr., Jeffrey Galloway, and Venoo Kakar

AEA Papers and Proceedings, May 2024

The Biden-Harris Administration released a plan to cancel federal student loans for 43 million borrowers on August 24, 2022. While the Supreme Court struck down the Biden-Harris student debt relief plan on June 30, 2023, the White House is now planning to...

Heterogeneous Effects of Monetary Policy on Job Flows across Income, Race, Gender, and Age

By Ester Faia, Ekaterina Shabalina, and David Wiczer

AEA Papers and Proceedings, May 2024

We study the heterogenous impact of monetary policy, through high-frequency identified shocks, across demographic and income groups. Our evidence shows significant heterogeneity in the monetary transmission across income groups, while significant differen...

Asymmetric Information in Community Banking and Its Relationship to Credit-Market Discrimination

By Christopher Henderson

American Economic Review, May 2002

Using Multiple Data Sources to Learn about the Race and Ethnicity of Taxpayers

By Rebecca Heller, Shannon Mok, James Pearce, and Jonathan Rothbaum

AEA Papers and Proceedings, May 2024

Recently, studying income by race and ethnicity has gained interest among policymakers. The Congressional Budget Office (CBO) regularly reports on the distribution of household income, using a statistically matched dataset with survey and administrative t...

Cooperatives and Wealth Accumulation: Preliminary Analysis

By Jessica Gordon Nembhard

American Economic Review, May 2002

Wealth: Asset-Accumulation Differences by Race-SCF Data, 1995 and 1998

By Ronald L. Straight

American Economic Review, May 2002

IQ and Income Inequality in a Sample of Sibling Pairs from Advantaged Family Backgrounds

By Charles Murray

American Economic Review, May 2002

Status Externalities in Education and Low Birth Rates in Korea

By Seongeun Kim, Michèle Tertilt, and Minchul Yum

American Economic Review, June 2024

South Koreans appear to be preoccupied with their offspring's education and also have the lowest total fertility rate in the world. We propose a novel theory with status externalities and endogenous fertility connecting these facts, motivated by novel emp...

Children and Household Income Packages: A Cross-National Analysis

By Erin Todd and Dennis Sullivan

American Economic Review, May 2002

Aggregate and Intergenerational Implications of School Closures: A Quantitative Assessment

By Youngsoo Jang and Minchul Yum

American Economic Journal: Macroeconomics, July 2024

This paper quantitatively investigates the medium- and long-term macroeconomic and distributional consequences of school closures through intergenerational channels. The model economy is a dynastic overlapping-generations general equilibrium model in whic...

The US Individual Income Tax: Recent Evolution and Evidence

[Symposium: The Tax Cuts and Jobs Act of 2017]

By Jon Bakija

Journal of Economic Perspectives, Summer 2024

This paper assesses the current state of the US federal individual taxation, and considers its recent evolution, with an emphasis on the changes to the individual income tax enacted in the 2017 Tax Cuts and Jobs Act (TCJA), and evidence on their impacts...

The Socioeconomic Distribution of Choice Quality: Evidence from Health Insurance in the Netherlands

By Benjamin Handel, Jonathan Kolstad, Thomas Minten, and Johannes Spinnewijn

American Economic Review: Insights, September 2024

We study how choice quality relates to socioeconomic factors, using population-wide data on health insurance choices and utilization in the Netherlands. We document a striking choice quality gradient with respect to socioeconomic status, finding that thos...

The Origins of Enduring Economic Inequality

By Samuel Bowles and Mattia Fochesato

Journal of Economic Literature, December 2024

We survey archaeological evidence suggesting that among hunter-gatherers and farmers in Neolithic western Eurasia (11,700 to 5,300 years ago) elevated levels of wealth inequality occurred but were ephemeral and rare compared to the substantial enduring in...