Research

WORKING PAPERS

• 1. "Taxing Wealth and Capital Income when Returns are Heterogeneous," (with Fatih Guvenen, Gueorgui Kambourov, and Sergio Ocampo Diaz). PDF (NEW!) 

  2. "Credit Supply Driven Boom-Bust Cycles," (with Yavuz Arslan and Bulent Guler). PDF 

  3. "How Much Can Taxes Alleviate Temptation and Self-control Problems?" (with Per Krusell and Anthony A. Smith, Jr.) PDF

JOURNAL PUBLICATIONS

• 1. "Use It or Lose It: Efficiency and Redistributional Effects of Wealth Taxation," (with Fatih Guvenen, Gueorgui Kambourov, Sergio Ocampo Diaz, and Daphne Chen)  PDF , The Quarterly Journal of Economics, Volume 138, Issue 2, May 2023, Pages 835–894, https://doi.org/10.1093/qje/qjac047

In the media: Financial Times, Economist

• 2. "Multidimensional Skill Mismatch" (with Fatih Guvenen, Satoshi Tanaka, and David Wiczer) PDF, American Economic Journal: Macro, 2020, 12(1), pp. 210-244.

     • In the media: Bloomberg, Washington Post

  3. "Taxation of Human Capital and Wage Inequality: A Cross-Country Analysis," (with Fatih Guvenen and Serdar Ozkan). Review of Economic Studies, 2014, Vol. 81, pp. 818-850. PDF, Working Paper with Online Appendix

     • In the media: Forbes,  Region Magazine

  4. "Understanding the Evolution of the U.S. Wage Distribution: A Theoretical Analysis," (with Fatih Guvenen) Journal of European Economic Association, 2012, Vol. 10, No. 3, pp. 482-517. PDF

  5. "Temptation and Taxation," (with Per Krusell and Anthony A. Smith, Jr.) Econometrica Vol. 78, Issue 6, November 2010, pp. 2063-2084. PDF

  6. "A Quantitative Analysis of the Evolution of the U.S. Wage Distribution: 1970-2000," (with Fatih Guvenen) NBER Macro Annual 2009, Vol. 24, pp. 231-276. PDF

  7. "Politico-Economic Consequences of Rising Wage Inequality," (with Dean Corbae and Pablo D’Erasmo) Journal of Monetary Economics, Vol. 56, Issue 1, January 2009, pp. 43-61. PDF

  8. "Training and Lifetime Income," American Economic Review, Vol. 96, Issue 3, June 2006, pp. 832-846. PDF 

     • Longer working paper version PDF.

  9. "Does Market Incompleteness Matter for Asset Prices?" (with Fatih Guvenen) Journal of European Economic Association P&P, May 2006, pp. 484-492. PDF

  10. "Unemployment Insurance and the Role of Self-Insurance," (with Atila Abdulkadiroğlu and Ayşegül Şahin) Review of Economic Dynamics, Vol. 5, July 2002, pp. 681-703. PDF

  11. "Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting," (with Per Krusell and Anthony A. Smith, Jr.) Journal of Economic Theory, Vol 105, July 2002, pp. 42-72. PDF

  12. "Time Orientation and Asset Prices," (with Per Krusell and Anthony A. Smith, Jr.) Journal of Monetary Economics, Vol. 49, Issue 1, January 2002, pp. 107-135. PDF

  13. "Tax Policy with Quasi-Geometric Discounting," (with Per Krusell and Anthony A. Smith, Jr.) International Economic Journal, Vol.14, Issue 3, 2000, pp. 1-40.

IN PROGRESS

• 1. "Unemployment Insurance and Macro-Financial (In)Stability" (with Yavuz Arslan, Ahmet Degerli, Bulent Guler, and Gazi Kabas). SLIDES (Draft available soon!) 

  2. "The Composition and Distribution of Wealth and Aggregate Consumption Dynamics," (with Bulent Guler and Baxter Robinson).  SLIDES (Draft available soon!) 

  3. "Income Dynamics before, during, and after Entrepreneurship" (with Mahmood Haddara, Gueorgui Kambourov, and Baxter Robinson)

  4. "Economic Growth and Earnings Inequality: The Effects of Firms and Occupation," (with Stanley Gyoshev, Gueorgui Kambourov, and Trifon Pavkov).