Research
Working papers
Job Polarization and Structural Change (Joint with Christian Siegel)
Accepted for publication American Economic Journal: Macroeconomics
The Minimum Wage and Inequality, 2016
Journal of Labor Economics Part 1, 34(1): 237-274.
Work in Progress
Fertility, Longevity and International Capital Flows (Joint with Nicolas Coeurdacier and Stephane Guibaud)
The neoclassical growth model predicts large capital flows towards fast-growing emerging countries. We show that incorporating fertility and longevity into a lifecycle model of savings changes the standard predictions when countries differ in their ability to borrow inter-temporally and across generations through social security. In this environment, global aging triggers capital flows from emerging to developed countries, and countries’ current account positions respond to growth adjusted by current and expected demographic composition. Data on international capital flows are broadly supportive of the theory. The fact that fast-growing emerging countries are also aging faster, while having less developed credit markets and pension systems, explains why they are more likely to export capital. Our quantitative multi-country overlapping generations model explains a significant fraction of the patterns of capital flows, across time and across developed and emerging countries.
Tax Schemes and Evasion: the Self-employment Margin
Labor, Technological Advances and Schooling (Joint with Moshe Buchinsky)
Some Tax Evasion - More Redistribution: A Political Economy Model of Tax Evasion
Income Inequality and the Progressivity of Taxes in a Coalition Formation Model
Increasing Skill Premium and Skill Supply - Steady State Effects or Transition?