Details about Jonathan Heathcote

Access statistics for papers by Jonathan Heathcote.

Last updated 2023-08-22. Update your information in the RePEc Author Service.

Short-id: phe1

Working Papers

2023

1. More Unequal We Stand? Inequality Dynamics in the United States 1967–2021
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2023)

2022

2. Optimal Age-Based Vaccination and Economic Mitigation Policies for the Second Phase of the Covid-19 Pandemic
   Staff Report, Federal Reserve Bank of Minneapolis View citations (2)
   Also in Research Working Paper, Federal Reserve Bank of Kansas City (2021) View citations (4)
   See also Journal Article in Journal of Economic Dynamics and Control (2022)
3. The End of Privilege: A Reexamination of the Net Foreign Asset Position of the United States
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (6)
   Staff Report, Federal Reserve Bank of Minneapolis (2022) View citations (2)

2021

4. Practical Optimal Income Taxation
   Staff Report, Federal Reserve Bank of Minneapolis View citations (3)

2020

5. Health versus Wealth: On the Distributional Effects of Controlling a Pandemic
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (161)
   Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2020) View citations (224)
   Working Papers, Human Capital and Economic Opportunity Working Group (2020) View citations (218)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (223)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (227)
   Staff Report, Federal Reserve Bank of Minneapolis (2020) View citations (143)
6. How Should Tax Progressivity Respond to Rising Income Inequality
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2020) View citations (8)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (13)
7. The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (29)
   Staff Report, Federal Reserve Bank of Minneapolis (2020) View citations (19)
   See also Journal Article in Review of Economic Dynamics (2020)

2019

8. Illiquid Wealth and the Timing of Retirement
   2019 Meeting Papers, Society for Economic Dynamics View citations (2)
9. Optimal Progressivity with Age-Dependent Taxation
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   Also in 2018 Meeting Papers, Society for Economic Dynamics (2018)
   Staff Report, Federal Reserve Bank of Minneapolis (2017) View citations (8)
   NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (1)
   See also Journal Article in Journal of Public Economics (2020)

2018

10. College Tuition and Income Inequality
    Staff Report, Federal Reserve Bank of Minneapolis View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (6)
    See also Journal Article in American Economic Review (2022)

2017

11. Inverse Optimal Taxation in Closed Form
    2017 Meeting Papers, Society for Economic Dynamics View citations (2)

2016

12. Capital Controls and Competitiveness
    2016 Meeting Papers, Society for Economic Dynamics
13. College Pricing and Income Inequality
    2016 Meeting Papers, Society for Economic Dynamics View citations (2)
14. On the Desirability of Capital Controls
    Staff Report, Federal Reserve Bank of Minneapolis View citations (32)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (34)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (34)
    2015 Meeting Papers, Society for Economic Dynamics (2015)
    See also Journal Article in IMF Economic Review (2016)

2015

15. Optimal Income Taxation: Mirrlees Meets Ramsey
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (38)
    Also in 2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (1)
    Staff Report, Federal Reserve Bank of Minneapolis (2015) View citations (10)
    See also Journal Article in Journal of Political Economy (2021)
16. Wealth and Volatility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (22)
    Also in 2013 Meeting Papers, Society for Economic Dynamics (2013)
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (1)
    2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (18)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (21)
    Staff Report, Federal Reserve Bank of Minneapolis (2015) View citations (10)
    See also Journal Article in Review of Economic Studies (2018)

2014

17. Intergenerational Redistribution in the Great Recession
    Staff Report, Federal Reserve Bank of Minneapolis View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (31)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (26)
    Working Papers, Federal Reserve Bank of Minneapolis (2011) View citations (40)
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (24)
    See also Journal Article in Journal of Political Economy (2020)
18. Optimal Tax Progressivity: An Analytical Framework
    Staff Report, Federal Reserve Bank of Minneapolis View citations (43)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (81)
    IFS Working Papers, Institute for Fiscal Studies (2014) View citations (80)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (81)
    See also Journal Article in The Quarterly Journal of Economics (2017)

2013

19. Assessing International Efficiency
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2013) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (1)
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2013) View citations (1)
    See also Chapter (2014)
20. The international diversification puzzle is not as bad as you think
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (97)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations (38)
    2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (62)
    Working Papers, University of Minnesota, Department of Economics (2007) View citations (73)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (75)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (23)
    See also Journal Article in Journal of Political Economy (2013)

2012

21. Redistributive Taxation in a Partial Insurance Economy
    2012 Meeting Papers, Society for Economic Dynamics View citations (14)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (9)

2009

22. Consumption and Labor Supply with Partial Insurance: An Analytical Framework
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (23)
    Staff Report, Federal Reserve Bank of Minneapolis (2009) View citations (32)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (18)
    See also Journal Article in American Economic Review (2014)
23. Inequality and Aggregate Fluctuations
    2009 Meeting Papers, Society for Economic Dynamics
24. Opportunistic Matching in the Housing Market Over the Cycle
    2009 Meeting Papers, Society for Economic Dynamics
25. Quantitative Macroeconomics with Heterogeneous Households
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (281)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2009) View citations (243)
    See also Journal Article in Annual Review of Economics (2009)
26. Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (32)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (33)
    Staff Report, Federal Reserve Bank of Minneapolis (2009) View citations (15)
    See also Journal Article in Review of Economic Dynamics (2010)

2008

27. The Macroeconomic Implications of Rising Wage Inequality in the United States
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (75)
    Also in Working Papers, Georgetown University, Department of Economics (2003) View citations (40)
    See also Journal Article in Journal of Political Economy (2010)

2007

28. Dollarization and Financial Integration
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations (5)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2007) View citations (7)
    2004 Meeting Papers, Society for Economic Dynamics (2004)
    See also Journal Article in Journal of Economic Theory (2010)
29. Insurance and Opportunities: A Welfare Analysis of Labor Market Risk
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article in Journal of Monetary Economics (2008)

2005

30. A Tractable Framework for Understanding Dispersion in Labor Supply and Consumption
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
31. Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (8)
32. The Price and Quantity of Residential Land in the United States
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations (19)
    2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (24)
    See also Journal Article in Journal of Monetary Economics (2007)

2004

33. Housing and the business cycle
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (15)
    Also in Working Papers, Georgetown University, Department of Economics (2003) View citations (10)
    Working Papers, Duke University, Department of Economics (2001) View citations (19)
    See also Journal Article in International Economic Review (2005)
34. The Cross-Sectional Implications of Rising Wage Inequality in the United States
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (48)
35. Two Views of Inequality Over the Life-Cycle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    See also Journal Article in Journal of the European Economic Association (2005)

2003

36. Financial Globalization and Real Regionalization
    Working Papers, Georgetown University, Department of Economics View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (33)
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- (2001) View citations (38)
    Working Papers, Duke University, Department of Economics (2001) View citations (9)
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2001) View citations (7)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (34)
    See also Journal Article in Journal of Economic Theory (2004)
37. Fiscal Policy with Heterogeneous Agents and Incomplete Markets
    Working Papers, Georgetown University, Department of Economics View citations (10)
    Also in SSE/EFI Working Paper Series in Economics and Finance, Stockholm School of Economics (1999)
    Working Papers, Duke University, Department of Economics (2001) View citations (3)
    See also Journal Article in Review of Economic Studies (2005)
38. On the Distributional Effects of Reducing Capital Taxes (previously: Factor Taxation with Heterogeneous Agents)
    Working Papers, Georgetown University, Department of Economics

2001

39. Factor Taxation with Heterogeneous Agents
    Working Papers, Duke University, Department of Economics View citations (4)
    Also in SSE/EFI Working Paper Series in Economics and Finance, Stockholm School of Economics (2000) View citations (2)

2000

40. CAPITAL VERSUS LABOR INCOME TAXATION WITH HETEROGENEOUS AGENTS
    Computing in Economics and Finance 2000, Society for Computational Economics View citations (3)
41. Capital Versus Labor Taxation with Heterogeneous Agents
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (3)
42. Financial Autarky and International Business Cycles
    SSE/EFI Working Paper Series in Economics and Finance, Stockholm School of Economics View citations (26)
    See also Journal Article in Journal of Monetary Economics (2002)
43. Housing and the Business Cycle: Data Appendix
    Working Papers, Duke University, Department of Economics

Journal Articles

2022

1. College Tuition and Income Inequality
   American Economic Review, 2022, 112, (1), 81-121 View citations (2)
   See also Working Paper (2018)
2. Optimal age-Based vaccination and economic mitigation policies for the second phase of the covid-19 pandemic
   Journal of Economic Dynamics and Control, 2022, 140, (C) View citations (3)
   See also Working Paper (2022)

2021

3. Optimal Income Taxation: Mirrlees Meets Ramsey
   Journal of Political Economy, 2021, 129, (11), 3141 - 3184 View citations (21)
   See also Working Paper (2015)

2020

4. Intergenerational Redistribution in the Great Recession
   Journal of Political Economy, 2020, 128, (10), 3730 - 3778 View citations (17)
   See also Working Paper (2014)
5. Optimal progressivity with age-dependent taxation
   Journal of Public Economics, 2020, 189, (C) View citations (9)
   See also Working Paper (2019)
6. Presidential Address 2019: How Should Tax Progressivity Respond to Rising Income Inequality?
   Journal of the European Economic Association, 2020, 18, (6), 2715-2754 View citations (17)
7. The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?
   Review of Economic Dynamics, 2020, 37 Supplement 1, S181-S204 View citations (29)
   See also Software Item (2020)
   Working Paper (2020)

2018

8. Wealth and Volatility
   Review of Economic Studies, 2018, 85, (4), 2173-2213 View citations (39)
   See also Working Paper (2015)

2017

9. Optimal Tax Progressivity: An Analytical Framework
   The Quarterly Journal of Economics, 2017, 132, (4), 1693-1754 View citations (279)
   See also Working Paper (2014)
10. The macroeconomics of the quiet revolution: Understanding the implications of the rise in women’s participation for economic growth and inequality
    Research in Economics, 2017, 71, (3), 521-539 View citations (9)

2016

11. On the Desirability of Capital Controls
    IMF Economic Review, 2016, 64, (1), 75-102 View citations (34)
    See also Working Paper (2016)

2014

12. Consumption and Labor Supply with Partial Insurance: An Analytical Framework
    American Economic Review, 2014, 104, (7), 2075-2126 View citations (213)
    See also Working Paper (2009)

2013

13. The International Diversification Puzzle Is Not as Bad as You Think
    Journal of Political Economy, 2013, 121, (6), 1108 - 1159 View citations (109)
    See also Working Paper (2013)

2010

14. Dollarization and financial integration
    Journal of Economic Theory, 2010, 145, (3), 944-973 View citations (20)
    See also Working Paper (2007)
15. The Macroeconomic Implications of Rising Wage Inequality in the United States
    Journal of Political Economy, 2010, 118, (4), 681-722 View citations (360)
    See also Working Paper (2008)
16. Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States: 1967-2006
    Review of Economic Dynamics, 2010, 13, (1), 15-51 View citations (721)
    See also Working Paper (2009)
    Software Item (2010)

2009

17. Discussion of "Heterogeneous life-cycle profiles, income risk and consumption inequality" by Giorgio Primiceri and Thijs van Rens
    Journal of Monetary Economics, 2009, 56, (1), 40-42 View citations (3)
18. Quantitative Macroeconomics with Heterogeneous Households
    Annual Review of Economics, 2009, 1, (1), 319-354 View citations (284)
    See also Working Paper (2009)

2008

19. Insurance and opportunities: A welfare analysis of labor market risk
    Journal of Monetary Economics, 2008, 55, (3), 501-525 View citations (103)
    See also Working Paper (2007)

2007

20. The price and quantity of residential land in the United States
    Journal of Monetary Economics, 2007, 54, (8), 2595-2620 View citations (383)
    See also Working Paper (2005)

2005

21. Fiscal Policy with Heterogeneous Agents and Incomplete Markets
    Review of Economic Studies, 2005, 72, (1), 161-188 View citations (242)
    See also Working Paper (2003)
22. HOUSING AND THE BUSINESS CYCLE
    International Economic Review, 2005, 46, (3), 751-784 View citations (382)
    See also Working Paper (2004)
23. Two Views of Inequality Over the Life Cycle
    Journal of the European Economic Association, 2005, 3, (2-3), 765-775 View citations (101)
    See also Working Paper (2004)

2004

24. Financial globalization and real regionalization
    Journal of Economic Theory, 2004, 119, (1), 207-243 View citations (177)
    See also Working Paper (2003)
25. On The Distributional Effects Of Reducing Capital Taxes
    International Economic Review, 2004, 45, (2), 523-554 View citations (277)

2003

26. Why Has the U.S. Economy Become Less Correlated with the Rest of the World?
    American Economic Review, 2003, 93, (2), 63-69 View citations (44)

2002

27. Financial autarky and international business cycles
    Journal of Monetary Economics, 2002, 49, (3), 601-627 View citations (479)
    See also Working Paper (2000)

Chapters

2014

1. Assessing International Efficiency
   Elsevier View citations (21)
   See also Working Paper (2013)

Software Items

2020

1. Code and data files for "The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2020)

2010

2. Code and data files for "Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States: 1967-2006"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2010)

Editor

1. Computer Codes
   Review of Economic Dynamics
2. EconomicDynamics Newsletter
   Review of Economic Dynamics
3. Online Appendices
   Review of Economic Dynamics
4. Review of Economic Dynamics
   Elsevier for the Society for Economic Dynamics