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Heterogeneous Responses to Job Mobility Shocks in a HANK Model with a Frictional Labor Market

By Serdar Birinci, Fatih Karahan, Yusuf Mercan, and Kurt See

AEA Papers and Proceedings, May 2024

We use a heterogeneous agent New Keynesian model with a frictional labor market featuring on-the-job-search to study how job switching affects consumption decisions for individuals with different wealth levels. We find that an increased job switching rate...

Do Earmarks Target Low-Income and Minority Communities? Evidence from US Drinking Water

By David A. Keiser, Bhashkar Mazumder, David Molitor, Joseph S. Shapiro, and Brant J. Walker

AEA Papers and Proceedings, May 2024

The quality and inequality of US drinking water investments have gained attention after recent environmental disasters in Flint, Michigan, and elsewhere. We compare the targeting of subsidized loans provided through the Safe Drinking Water Act with the ta...