Michael Stimmelmayr undertakes the intricate task of analyzing the outcome and especially the efficiency gains of capital income tax reforms. The simultaneous alteration of several tax rates will induce multiple economy wide repercussions, as firms and households change their optimal behaviour...

The aim of this work is to analyze the relationship between inequality and economic growth. The results obtained by previous empirical papers were mixed. Authors such as Persson and Tabellini (1991) or Alesina and Rodrik (1994), in fact, find evidence of a negative relationship between the two...

The relationship between inequality and growth has attracted a lot of attention in the previous literature. Estimation of this relationship may be biased by simultaneity, omitted variables and measurement error. The present paper contributes to the existing work by introducing the wealth Gini...

Life expectancy for Blacks is about 8 year shorter than for Whites. A shorter life expectancy, in line with the theoretical prediction of a simple model, determines a much lower amount of savings and wealth accumulation and therefore a lower degree of insurance. This, in turn, contributes to...

We analyze the impact of credit default on individual trajectories. Using a proprietary dataset for the years 2004-2020, we find that after default individuals relocate to cheaper areas. Importantly, default has long-lasting negative effects on income, credit score, total credit limit, and...

We analyze how earnings dynamics changed in the US after the financial crisis of 2007- 2009. Differently from most models for earnings mobility, we allow persistence patters to depend semi-nonparametrically on both the past individual position in the distribution and on a set of individual-level...

We document relevant racial differences in the degree consumption insurance against shocks: Blacks appear to be less insured. We probe these results by performing a double/debiased lasso estimation of the treatment effects of a health shock, and we find that such effects are both larger and more...

We study the choice of acquiring STEM and non-STEM college education using variation induced by the proximity to universities offering different types of programs. We adopt a novel methodology allowing the identification of the distribution of response types and treatment effects in a multiple...

We analyze the impact of an inflow of foreign workers on the wage distribution of residents in a small open economy like Switzerland. We exploit the fact that Swiss mobility regions were differently affected by the intensity and the timing of the Agreement on the Free Movement of Persons,...