This paper adds life-cycle features to a New Keynesian model and shows how this places financial wealth at the center …

how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate … wealth causes house price appreciation--counties with higher crypto wealth see higher growth in home values following high …

inequality. We show that the correlation between mobility and inequality depends on which factor caused the change in inequality …. The model can thus help discriminate between different competing explanations of the recent rise in US wage inequality … correlation between wage inequality and mobility. Public subsidies to education reduce inequality, but the effect on mobility is …

-to-mouth households. One-asset models either feature a trade-off between a high average MPC and a realistic level of aggregate wealth, or … generate an excessively polarized wealth distribution that vastly understates the wealth held by households in the middle of …

wealth across income groups. First, we find that rent control caused property values to fall by 6-7%, for an aggregate loss … were more likely to be minorities. For properties with high-income owners and low-income tenants, the transfer of wealth … was close to zero. Thus, to the extent that rent control is intended to transfer wealth from high-income to low …

including work, income, and wealth. Surprisingly, individuals at higher risk are less likely to engage in planning activities …