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Labor Market Recoveries Across the Wealth Distribution

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  • Daniele Caratelli

Abstract

This paper studies how wealth affects workers’ willingness to change jobs in recessions and the implications for the economy at large.

Suggested Citation

  • Daniele Caratelli, 2024. "Labor Market Recoveries Across the Wealth Distribution," Staff Discussion Papers 24-01, Office of Financial Research, US Department of the Treasury.
    • Handle: RePEc:ofr:discus:24-01
    as

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    File URL: https://www.financialresearch.gov/staff-discussion-papers/files/OFR-SDP-24-01_labor-market-recoveries-across-the-wealth-distribution.pdf
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    References listed on IDEAS

    as
    1. Jonathan Heathcote & Fabrizio Perri & Gianluca Violante, 2020. "The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 181-204, August.
    2. Diamond, Peter A, 1982. "Aggregate Demand Management in Search Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 90(5), pages 881-894, October.
    3. Greg Kaplan & Giovanni L. Violante, 2014. "A Model of the Consumption Response to Fiscal Stimulus Payments," Econometrica, Econometric Society, vol. 82(4), pages 1199-1239, July.
    4. Fabian Kindermann & Dirk Krueger, 2022. "High Marginal Tax Rates on the Top 1 Percent? Lessons from a Life-Cycle Model with Idiosyncratic Income Risk," American Economic Journal: Macroeconomics, American Economic Association, vol. 14(2), pages 319-366, April.
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    Cited by:

    1. Isaac Baley & Ana Figueiredo & Cristiano Mantovani & Alireza Sepahsalari, 2025. "Self-Insurance in Turbulent Labor Markets," Working Papers 1538, Barcelona School of Economics.
    2. Sam Manning & Tomás Aguirre, 2026. "How Adaptable Are American Workers to AI-Induced Job Displacement?," NBER Chapters, in: The Economics of Transformative AI, National Bureau of Economic Research, Inc.

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