[HTML][HTML] Saving and wealth inequality

M De Nardi, G Fella - Review of Economic Dynamics, 2017‏ - Elsevier
Why are some people wealthy while others are poor? To what extent can governments affect
inequality? Which instruments should they use? Answering these questions requires …

Entrepreneurship and financial frictions: A macrodevelopment perspective

FJ Buera, JP Kaboski, Y Shin - Annual Review of Economics, 2015‏ - annualreviews.org
Entrepreneurship and Financial Frictions: A Macrodevelopment Perspective | Annual Reviews
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Use it or lose it: Efficiency gains from wealth taxation

F Guvenen, G Kambourov, B Kuruscu, S Ocampo-Diaz… - 2019‏ - nber.org
How does wealth taxation differ from capital income taxation? When the return on
investment is equal across individuals, a well-known result is that the two tax systems are …

[HTML][HTML] Female entrepreneurship, financial frictions and capital misallocation in the US

M Morazzoni, A Sy - Journal of Monetary Economics, 2022‏ - Elsevier
We document and quantify the effect of a gender gap in credit access on both
entrepreneurship and input misallocation in the US. Female entrepreneurs are found to be …

Estate taxation, entrepreneurship, and wealth

M Cagetti, M De Nardi - American Economic Review, 2009‏ - aeaweb.org
This paper studies the estate tax in a quantitative framework with business investment,
borrowing constraints, estate transmission, and wealth inequality. We find that the estate tax …

Sweat equity in US private business

A Bhandari, ER McGrattan - The Quarterly Journal of Economics, 2021‏ - academic.oup.com
We develop a theory of sweat equity—the value of business owners' time and expenses to
build customer bases, client lists, and other intangible assets. We discipline the theory using …

Financial integration, entrepreneurial risk and global dynamics

GM Angeletos, V Panousi - Journal of Economic Theory, 2011‏ - Elsevier
How does financial integration impact capital accumulation, current-account dynamics, and
cross-country inequality? We investigate this question within a two-country, general …

Quantitative models of wealth inequality: A survey

M De Nardi - 2015‏ - nber.org
While in the data wealth is concentrated in the hands of a small number of rich people and
the saving rate of the rich is high, many models used for quantitative policy evaluation fail to …

[HTML][HTML] Credit crunches and credit allocation in a model of entrepreneurship

M Bassetto, M Cagetti, M De Nardi - Review of Economic Dynamics, 2015‏ - Elsevier
We study the effects of credit shocks in a model with heterogeneous entrepreneurs,
financing constraints, and a realistic firm-size distribution. As entrepreneurial firms can grow …

Should we tax capital income or wealth?

C Boar, V Midrigan - American Economic Review: Insights, 2023‏ - aeaweb.org
We study optimal capital income and wealth taxation in an economy that reproduces the
importance of private businesses for output and inequality. If entrepreneurs are subject to …