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Wealth Distribution

Retirement wealth and lifetime earnings

International Economic Review, 2007, 48(2): 421-56.

Bibtex citation

How Important Is Discount Rate Heterogeneity for Wealth Inequality?

Journal of Economic Dynamics & Control, 2007, 31(9): 3042-68.

Bibtex citation

Intended and Accidental Bequests in a Life-cycle Economy

This paper studies quantitative importance of accidental versus intended bequests. The main finding is that accidental bequests account for at least half, and perhaps for all of observed bequests.

Paper [First draft: August 2001]

Bequests and Retirement Wealth in U.S. Data

This is a background paper for “Intended and Accidental Bequests in a Life-cycle Economy.” It documents bequests and retirement wealth in the SCF and the PSID.

Paper | Tables

Other Topics

Accounting for Changing Returns to Experience

BEJM 2018.

Proposes a simple model with time-invariant age-efficiency profiles to account for changing returns to experience in CPS data.

Paper | Bibtex citation | Code and additional results

Constructing Age-Earnings Profiles From CPS Data

Describes procedures for constructing age-wage profiles from March CPS data.

Intended as documentation for the data used in several of my projects.

The code is available on github.

Paper | Bibtex entry

Validation of IPUMS International Industry and Education Data

This document collects validation information for selected samples of the IPUMS International dataset. The focus is on industry and education data.

Paper (2010-Feb)

The Intergenerational Persistence of Lifetime Earnings

European Economic Review, 2007, 51: 125-44.