Details about Giovanni Luca Violante

Homepage:	http://www.econ.nyu.edu/user/violante
Phone:	+1 212 992-9771
Postal address:	Department of Economics New York University 269 Mercer Street New York, NY 10003-6687 USA
Workplace:	Department of Economics, New York University (NYU), (more information at EDIRC) Centre for Economic Policy Research (CEPR), (more information at EDIRC)

Access statistics for papers by Giovanni Luca Violante.

Last updated 2025-04-24. Update your information in the RePEc Author Service.

Short-id: pvi7

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Working Papers

2025

1. Fiscal Progressivity of the U.S. Federal and State Governments
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Job Amenity Shocks and Labor Reallocation
   NBER Working Papers, National Bureau of Economic Research, Inc
3. Monetary Policy Under Okun’s Hypothesis
   NBER Working Papers, National Bureau of Economic Research, Inc

2024

4. From Micro to Macro Hysteresis: Long-Run Effects of Monetary Policy
   Staff Working Papers, Bank of Canada

2023

5. More Unequal We Stand? Inequality Dynamics in the United States 1967–2021
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
6. Price Level and Inflation Dynamics in Heterogeneous Agent Economies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
7. Who Bears the Costs of Inflation? Euro Area Households and the 2021–2023 Shock
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   See also Chapter Who Bears the Costs of Inflation? Euro Area Households and the 2021–2023 Shock, NBER Chapters, National Bureau of Economic Research, Inc (2024) View citations (2) (2024)

2022

8. Global Trends in Income Inequality and Income Dynamics: New Insights from GRID
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
9. The Marginal Propensity to Consume in Heterogeneous Agent Models
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (34)

2021

10. Labor Market Dynamics When Ideas are Harder to Find
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

2020

11. Household Balance Sheet Channels of Monetary Policy: A Back of the Envelope Calculation for the Euro Area
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (78)
12. How Should Tax Progressivity Respond to Rising Income Inequality?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
13. The Great Lockdown and the Big Stimulus: Tracing the Pandemic Possibility Frontier for the U.S
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (221)
14. The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
    See also Journal Article The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (41) (2020)

2019

15. "And Yet It Moves": Intergenerational Mobility in Italy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
16. Firm and Worker Dynamics in a Frictional Labor Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
17. Macro Recruiting Intensity from Micro Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
18. Optimal Progressivity with Age-Dependent Taxation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2018

19. Microeconomic Heterogeneity and Macroeconomic Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (138)

2017

20. The Housing Boom and Bust: Model Meets Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (89)

2016

21. Aggregate Recruiting Intensity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
22. Monetary Policy According to HANK
    Working Papers, Council on Economic Policies View citations (146)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (146)
23. Non-durable Consumption and Housing Net Worth in the Great Recession: Evidence from Easily Accessible Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (64)
24. Working hard in the wrong place: a mismatch-based explanation to the UK productivity puzzle
    Staff Reports, Federal Reserve Bank of New York View citations (24)

2014

25. Optimal Tax Progressivity: An Analytical Framework
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (85)
26. The Wealthy Hand-to-Mouth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (377)

2013

27. Education Policy and Intergenerational Transfers in Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (84)
28. Search and Work in Optimal Welfare Programs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)

2012

29. Mismatch Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in Staff Reports, Federal Reserve Bank of New York (2012) View citations (10)

2011

30. A Model of the Consumption Response to Fiscal Stimulus Payments
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (57)

2009

31. Consumption and Labor Supply with Partial Insurance: An Analytical Framework
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2009) View citations (32)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (18)
32. Cross Sectional Facts for Macroeconomists
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (7)
    See also Journal Article Cross Sectional Facts for Macroeconomists, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (161) (2010)
33. How Much Consumption Insurance Beyond Self-Insurance?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article How Much Consumption Insurance beyond Self-Insurance?, American Economic Journal: Macroeconomics, American Economic Association (2010) View citations (262) (2010)
34. Joint-Search Theory: New Opportunities and New Frictions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2009) View citations (32)
35. Quantitative Macroeconomics with Heterogeneous Households
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (300)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2009) View citations (245)
    See also Journal Article Quantitative Macroeconomics with Heterogeneous Households, Annual Review of Economics, Annual Reviews (2009) View citations (303) (2009)
36. 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 Staff Report, Federal Reserve Bank of Minneapolis (2009) View citations (15)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (33)
    See also Journal Article Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States: 1967-2006, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (764) (2010)

2008

37. The Macroeconomic Implications of Rising Wage Inequality in the United States
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (75)
    See also Journal Article The Macroeconomic Implications of Rising Wage Inequality in the United States, Journal of Political Economy, University of Chicago Press (2010) View citations (384) (2010)

2007

38. Frictional Wage Dispersion in Search Models: A Quantitative Assessment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
    Also in Working Paper, Federal Reserve Bank of Richmond (2006) View citations (27)
    See also Journal Article Frictional Wage Dispersion in Search Models: A Quantitative Assessment, American Economic Review, American Economic Association (2011) View citations (249) (2011)
39. 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 Insurance and opportunities: A welfare analysis of labor market risk, Journal of Monetary Economics, Elsevier (2008) View citations (104) (2008)

2006

40. Frictional Wage Dispersion in Search Models: A Quantitative Approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
41. Frictional Wage Inequality: A Puzzle?
    2006 Meeting Papers, Society for Economic Dynamics
42. Optimal Welfare-to-Work Programs
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (2005) View citations (23)
43. Technical appendix for \"Frictional wage dispersion in search models: a quantitative assessment\"
    Working Paper, Federal Reserve Bank of Richmond View citations (7)
44. Technology-policy interaction in frictional labor markets
    Working Paper, Federal Reserve Bank of Richmond View citations (5)

2005

45. A Tractable Framework for Understanding Dispersion in Labor Supply and Consumption
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
46. Education Decisions, Equilibrium Policies and Wages Dispersion
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
47. Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
48. The Effects of Technical Change on Labour Market Inequalities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in Working Paper, Federal Reserve Bank of Richmond (2004) View citations (9)
    See also Chapter The Effects of Technical Change on Labor Market Inequalities, Handbook of Economic Growth, Elsevier (2005) View citations (103) (2005)
49. The Replacement Problem in Frictional Economies: An 'Equivalence Result'
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
50. The replacement problem in frictional economies: a near equivalence result
    Working Paper, Federal Reserve Bank of Richmond View citations (9)
    See also Journal Article The Replacement Problem In Frictional Economies: A Near-Equivalence Result, Journal of the European Economic Association, MIT Press (2005) View citations (9) (2005)

2004

51. A Quantitative Study of the Replacement Problem in Frictional Economies
    2004 Meeting Papers, Society for Economic Dynamics
52. The Cross-Sectional Implications of Rising Wage Inequality in the United States
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (48)
53. The Employment Effects of Severance Payments with Wage Rigidities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    See also Journal Article The Employment Effects of Severance Payments with Wage Rigidities, Economic Journal, Royal Economic Society (2005) View citations (162) (2005)
54. Two Views of Inequality Over the Life-Cycle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    See also Journal Article Two Views of Inequality Over the Life Cycle, Journal of the European Economic Association, MIT Press (2005) View citations (108) (2005)

2002

55. Firing Tax and Severance Payment in Search Economies: A Comparison
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (17)
56. Investment-Specific Technical Change in the US (1947-2000): Measurement and Macroeconomic Consequences
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (173)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (79)
    See also Journal Article Investment-Specific Technical Change in the US (1947-2000): Measurement and Macroeconomic Consequences, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2002) View citations (159) (2002)
57. Vintage Capital as an Origin of Inequalities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in Working Paper, Federal Reserve Bank of Richmond (2002) View citations (5)
    See also Journal Article Vintage capital as an origin of inequalities, Proceedings, Federal Reserve Bank of San Francisco (2002) View citations (6) (2002)

2001

58. Deunionization, Technical Change and Inequality
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (149)
    See also Journal Article Deunionization, technical change and inequality, Carnegie-Rochester Conference Series on Public Policy, Elsevier (2001) View citations (153) (2001)
59. Technological Acceleration, Skill Transferability and the Rise in Residual Inequality
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

2000

60. General Purpose Technology and Within-Group Inequality
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
61. The Demographic Transition in Closed and Open Economies: A Tale of Two Regions
    Research Department Publications, Inter-American Development Bank, Research Department View citations (31)
62. The Nonlinear Dynamics of Output and Unemployment in the US
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article The non-linear dynamics of output and unemployment in the U.S, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2001) View citations (38) (2001)
63. Transición demográfica en economías cerradas y abiertas: historia de dos regiones
    Research Department Publications, Inter-American Development Bank, Research Department

1998

64. Nonlinear VAR: Some Theory and an Application to the US GNP and Unemployment
    Working Papers, Banca Italia - Servizio di Studi View citations (2)

1997

65. Capital-skill complementarity and inequality: a macroeconomic analysis
    Staff Report, Federal Reserve Bank of Minneapolis View citations (191)
    See also Journal Article Capital-Skill Complementarity and Inequality: A Macroeconomic Analysis, Econometrica, Econometric Society (2000) View citations (1028) (2000)

Journal Articles

2023

1. More Unequal We Stand? Inequality Dynamics in the United States, 1967–2021
   Review of Economic Dynamics, 2023, 50, 235-266 View citations (9)

2020

2. The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?
   Review of Economic Dynamics, 2020, 37 Supplement 1, S181-S204 View citations (41)
   See also Working Paper The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?, NBER Working Papers (2020) View citations (40) (2020)

2016

3. The design of 'soft' welfare-to-work programs
   Review of Economic Dynamics, 2016, 20, 160-180 View citations (3)

2011

4. Frictional Wage Dispersion in Search Models: A Quantitative Assessment
   American Economic Review, 2011, 101, (7), 2873-98 View citations (249)
   See also Working Paper Frictional Wage Dispersion in Search Models: A Quantitative Assessment, NBER Working Papers (2007) View citations (40) (2007)

2010

5. Cross Sectional Facts for Macroeconomists
   Review of Economic Dynamics, 2010, 13, (1), 1-14 View citations (161)
   See also Working Paper Cross Sectional Facts for Macroeconomists, NBER Working Papers (2009) View citations (6) (2009)
6. How Much Consumption Insurance beyond Self-Insurance?
   American Economic Journal: Macroeconomics, 2010, 2, (4), 53-87 View citations (262)
   See also Working Paper How Much Consumption Insurance Beyond Self-Insurance?, NBER Working Papers (2009) View citations (9) (2009)
7. The Macroeconomic Implications of Rising Wage Inequality in the United States
   Journal of Political Economy, 2010, 118, (4), 681-722 View citations (384)
   See also Working Paper The Macroeconomic Implications of Rising Wage Inequality in the United States, NBER Working Papers (2008) View citations (75) (2008)
8. 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 (764)
   See also Software Item Code and data files for "Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States: 1967-2006", Computer Codes (2010) (2010)
   Working Paper Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006, CEPR Discussion Papers (2009) View citations (32) (2009)

2009

9. Quantitative Macroeconomics with Heterogeneous Households
   Annual Review of Economics, 2009, 1, (1), 319-354 View citations (303)
   See also Working Paper Quantitative Macroeconomics with Heterogeneous Households, NBER Working Papers (2009) View citations (300) (2009)

2008

10. Insurance and opportunities: A welfare analysis of labor market risk
    Journal of Monetary Economics, 2008, 55, (3), 501-525 View citations (104)
    See also Working Paper Insurance and Opportunities: A Welfare Analysis of Labor Market Risk, NBER Working Papers (2007) View citations (1) (2007)

2007

11. Global demographic trends and social security reform
    Journal of Monetary Economics, 2007, 54, (1), 144-198 View citations (173)
    Also in Revista Desarrollo y Sociedad, 1999 (1999) View citations (1)

2006

12. Quantifying the Effects of the Demographic Transition in Developing Economies
    The B.E. Journal of Macroeconomics, 2006, 6, (1), 1-44 View citations (52)

2005

13. The Employment Effects of Severance Payments with Wage Rigidities
    Economic Journal, 2005, 115, (506), 799-832 View citations (162)
    See also Working Paper The Employment Effects of Severance Payments with Wage Rigidities, CEPR Discussion Papers (2004) View citations (8) (2004)
14. The Replacement Problem In Frictional Economies: A Near-Equivalence Result
    Journal of the European Economic Association, 2005, 3, (5), 1007-1057 View citations (9)
    See also Working Paper The replacement problem in frictional economies: a near equivalence result, Working Paper (2005) View citations (9) (2005)
15. Two Views of Inequality Over the Life Cycle
    Journal of the European Economic Association, 2005, 3, (2-3), 765-775 View citations (108)
    See also Working Paper Two Views of Inequality Over the Life-Cycle, CEPR Discussion Papers (2004) View citations (2) (2004)
16. Unemployment and vacancy fluctuations in the matching model: inspecting the mechanism
    Economic Quarterly, 2005, 91, (Sum), 19-50 View citations (133)

2002

17. General Purpose Technology and Wage Inequality
    Journal of Economic Growth, 2002, 7, (4), 315-45 View citations (89)
18. Investment-Specific Technical Change in the US (1947-2000): Measurement and Macroeconomic Consequences
    Review of Economic Dynamics, 2002, 5, (2), 243-284 View citations (159)
    See also Working Paper Investment-Specific Technical Change in the US (1947-2000): Measurement and Macroeconomic Consequences, CEPR Discussion Papers (2002) View citations (173) (2002)
19. Vintage capital as an origin of inequalities
    Proceedings, 2002, (Nov) View citations (6)
    See also Working Paper Vintage Capital as an Origin of Inequalities, CEPR Discussion Papers (2002) View citations (8) (2002)

2001

20. Deunionization, technical change and inequality
    Carnegie-Rochester Conference Series on Public Policy, 2001, 55, (1), 229-264 View citations (153)
    See also Working Paper Deunionization, Technical Change and Inequality, CEPR Discussion Papers (2001) View citations (149) (2001)
21. The non-linear dynamics of output and unemployment in the U.S
    Journal of Applied Econometrics, 2001, 16, (4), 461-486 View citations (38)
    See also Working Paper The Nonlinear Dynamics of Output and Unemployment in the US, CEPR Discussion Papers (2000) (2000)

2000

22. Capital-Skill Complementarity and Inequality: A Macroeconomic Analysis
    Econometrica, 2000, 68, (5), 1029-1054 View citations (1028)
    See also Working Paper Capital-skill complementarity and inequality: a macroeconomic analysis, Staff Report (1997) View citations (191) (1997)

Chapters

2024

1. Who Bears the Costs of Inflation? Euro Area Households and the 2021–2023 Shock
   A chapter in Inflation in the COVID Era and Beyond, 2024 View citations (2)
   See also Working Paper Who Bears the Costs of Inflation? Euro Area Households and the 2021–2023 Shock, National Bureau of Economic Research, Inc (2023) View citations (3) (2023)

2022

2. Comment on "Human Capitalists"
   A chapter in NBER Macroeconomics Annual 2022, volume 37, 2022, pp 62-73

2017

3. Comment on "Dynamics of Housing Debt in the Recent Boom and Bust"
   A chapter in NBER Macroeconomics Annual 2017, volume 32, 2017, pp 318-328

2010

4. Financing Medicare: A General Equilibrium Analysis
   A chapter in Demography and the Economy, 2010, pp 333-366 View citations (47)

2005

5. The Effects of Technical Change on Labor Market Inequalities
   Chapter 20 in Handbook of Economic Growth, 2005, vol. 1, Part B, pp 1275-1370 View citations (103)
   See also Working Paper The Effects of Technical Change on Labour Market Inequalities, C.E.P.R. Discussion Papers (2005) View citations (6) (2005)

Software Items

2010

1. 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 Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States: 1967-2006, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (764) (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