Jonathan Heathcote's Research Page

Back to Homepage                                                                                                 <last updated February 2nd 2012>

JUMP TO PAPERS ON:         INEQUALITY            INTERNATIONAL       HOUSING      TAXATION

  • Consumption and Labor Supply with Partial Insurance: An Analytical Framework (new version)

with Kjetil Storesletten (University of Oslo) and Gianluca Violante (New York University)
posted version
February 2012: first version October 2006 Framework PAPER  ABSTRACT Technical APPENDIX
This material is based upon work supported by the National Science Foundation under Grant No. 0418060.

  • Intergenerational Redistribution in the Great Recession (new version coming soon)

with Andrew Glover, Dirk Krueger, and Jose-Victor Rios-Rull
posted version
March 2011: first version July 2010 Great Recession PAPER  ABSTRACT

  • From Wages to Welfare: Decomposing Gains and Losses from Rising Inequality

with Kjetil Storesletten and Gianluca Violante
posted version
February 2011: first version August 2010 PAPER  ABSTRACT SLIDES

  • Redistributive Taxation in a Partial-Insurance Economy

with Kjetil Storesletten and Gianluca Violante
SLIDES (
paper coming soon)

  • The Macroeconomic Implications of Rising Wage Inequality in the United States

with Kjetil Storesletten and Gianluca Violante
posted version
July 2010: first version March 2003 Rising Inequality PAPER  ABSTRACT

older longer version as CEPR Working Paper Long Version

Journal of Political Economy 2010, 118/4, p. 681-722

This material is based upon work supported by the National Science Foundation under Grant No. 0418060.

  • Quantitative Macroeconomics with Heterogeneous Households

with Kjetil Storesletten (University of Oslo) and Gianluca Violante (New York University)
posted version
January 2009: first version September 2008 Quantitative Macro PAPER  ABSTRACT

Annual Review of Economics 2009, 1, p. 319-354

This material is based upon work supported by the National Science Foundation under Grant No. 0418060.

  • Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006

with Fabrizio Perri (University of Minnesota) and Gianluca Violante (New York University)
posted version
October 2009: first version June 2008 Unequal PAPER  ABSTRACT

Review of Economic Dynamics January 2010, 13/1, p. 15-51

This material is based upon work supported by the National Science Foundation under Grant No. 0418060.

  • Discussion of “Heterogeneous life-cycle profiles, income risk and consumption inequality” by Giorgio Primiceri and Thijs van Rens

posted version October 2008 Carnegie-Rochester Discussion

Journal of Monetary Economics January 2009, 56/1, p. 40-42

  • Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion

with Kjetil Storesletten and Gianluca Violante
posted version
May 2007: first version October 2004 Insurance and Opportunities PAPER  ABSTRACT  LONG VERSION

Journal of Monetary Economics April 2008, 55/3, p. 501-525

This material is based upon work supported by the National Science Foundation under Grant No. 0418060.

  • Two Views of Inequality Over the Life-Cycle

with Kjetil Storesletten and Gianluca Violante
posted version
September 2004: first version September 2004 Life Cycle PAPER  ABSTRACT

Journal of the European Economic Association April-May 2005, 3/2-3, p. 765-775

This material is based upon work supported by the National Science Foundation under Grant No. 0418060.

  • The Price and Quantity of Residential Land in the United States

with Morris Davis (University of Wisconsin, Madison) posted version November 2006; first version April 2004

Land Prices PAPER  Actual Data  Appendix  ABSTRACT

Journal of Monetary Economics November 2007, 54/8, p. 2595-2620

Older version as Federal Reserve Board Finance and Economics Discussion Series, 2004-37

article discussed by Associated Press, Reuters, Bloomberg News, and in many media outlets including Wall Street Journal, USA Today, MSNBC, ABC News, Forbes

This material is based upon work supported by the National Science Foundation under Grant No. 0301119.

  • Housing and the Business Cycle

with Morris Davis  posted version June 2004; first version October 2000
Housing PAPER   Actual Data  Data Appendix  ABSTRACT

International Economic Review August 2005, 46/3, p. 751-784

This material is based upon work supported by the National Science Foundation under Grant No. 0301119.

  • Dollarization and Financial Integration

with Cristina Arellano (University of Minnesota)
posted version
August 2009: first version November 2003 Dollarization PAPER  ABSTRACT

Journal of Economic Theory May 2010, 145/3, p. 944-973

also available as CEPR Discussion Paper 6116 and FRB Minneapolis Staff Report 385

  • The International Diversification Puzzle is Not as Bad as You Think (new version coming soon)

with Fabrizio Perri (University of Minnesota).
posted version
June 2009: first version April 2004 Home Bias PAPER   ABSTRACT

  • Financial Globalization and Real Regionalization

with Fabrizio Perri.
posted version August 2003: first version June 2001 Globalization and Regionalization PAPER  ABSTRACT

Journal of Economic Theory November 2004, 119/1, p. 207-243

  • Why Has the US Economy become Less Correlated with the Rest of the World?

with Fabrizio Perri.
posted version January 2003; first version January 2003 US vs ROW PAPER   ABSTRACT

American Economic Review Papers and Proceedings May 2003, 93/2, p. 63-69

  • Financial Autarky and International Real Business Cycles

with Fabrizio Perri.

posted version December 2000: first version July 1995 Financial Autarky PAPER  ABSTRACT

Journal of Monetary Economics April 2002, 49/3, p. 601-627

  • On the Distributional Effects of Reducing Capital Taxes (previously: Factor Taxation with Heterogeneous Agents)

with David Domeij (Stockholm School of Economics)
posted version May 2003: first version August 1999 Factor Taxation PAPER  ABSTRACT

International Economic Review May 2004, 45/2, p. 523-554

  • Fiscal Policy with Heterogeneous Agents and Incomplete Markets 

posted version December 2003: first version October 1997 Fiscal Policy PAPER. technical appendix  ABSTRACT

older version of paper August 1999 Fiscal Policy (old) PAPER  ABSTRACT

Review of Economic Studies January 2005, 72, p. 161-188

  • Home Production and Retirement

posted version May 2002: first version May 2002 Home Production and Retirement PAPER
This material is based upon work supported by the National Science Foundation under Grant No. 0301119.

  • Interest Rates in a General Equilibrium Baumol-Tobin Model

posted version June 1998: first version July 1996 Baumol Tobin PAPER  ABSTRACT

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