household income and wealth heterogeneity that matches micro data from the Panel Study of Income Dynamics (PSID). We document … households to 5% for low-wealth households. The cost increases to approximately 8% for low-wealth households if unemployment … insurance benefits are cut from 50% to 10%. The fact that welfare losses fall with wealth, and that in our model (as in the data …

household income and wealth heterogeneity that matches micro data from the Panel Study of Income Dynamics (PSID). We document … households to 5% for low-wealth households. The cost increases to approximately 8% for low-wealth households if unemployment … insurance benefits are cut from 50% to 10%. The fact that welfare losses fall with wealth, and that in our model (as in the data …

The goal of this chapter is to study how, and by how much, household income, wealth, and preference heterogeneity …, using data from the Panel Study of Income Dynamics, we document the patterns of household income, consumption and wealth … inequality before and during the Great Recession. We then investigate how households in different segments of the wealth …

The goal of this chapter is to study how, and by how much, household income, wealth, and preference heterogeneity …, using data from the Panel Study of Income Dynamics, we document the patterns of household income, consumption and wealth … inequality before and during the Great Recession. We then investigate how households in different segments of the wealth …