University of Bonn

Fabrizio Perri

Summer School 2020
The macroeconomics of inequality. Week 1



Slides and readings

1. Dimensions of inequality in the US and other countries: earnings, income, consumption and wealth (Revised Jun 22, 2020)

    - Does income inequality lead to consumption inequality? Evidence and theory

    - RED special issue on cross sectional facts for macroeconomists

    - Has Consumption Inequality Mirrored Income Inequality?

    - Consumption and Income Inequality in the U.S. Since the 1960s

2. Neo-classical macro models of inequality, part 1 (Revised Jun 22, 2020)

    - The risk-free rate in heterogeneous-agent incomplete-insurance economies

    - Uninsured Idiosyncratic Risk and Aggregate Saving

    - Income and Wealth Heterogeneity in the Macroeconomy

    - Caballero Meets Bewley: The Permanent-Income Hypothesisin General Equilibrium

3. Neo-classical macro models of inequality, part 2 (Revised Jun 23, 2020)

    - Macroeconomics and Household Heterogeneity

    - Consumption, Savings, and the Distribution of Permanent Income

4. Neo-keynesian models of inequality (Revised Jun 23, 2020)

    - Monetary Policy According to HANK

    - Wealth and Volatility

5. Business cycles and inequality (Revised Jun 23, 2020)

    - The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?

    - Imperfect Risk Sharing and the Business Cycle

6. Inequality and growth (Revised Jun 23, 2020)

    - Unequal growth

Data Sources

IPUMS CPS. Harmonized micro data from the US Current Population Survey

PSID. Panel Study of Income Dynamics

World bank World Development Indicators. Time series of economic and social indicators for every country in the world