Quantitative Macroeconomics (with heterogeneous agents) - Cemfi

Quantitative Macroeconomics (with heterogeneous agents) Version: May 7, 2012Part IV. Policy reform evaluation.Estimated duration: 3 theory sessions1. Fundamental tax reforms• The progressivity of the income tax.Conesa and Krueger (2006)• Capital taxation and redistribution.Domeij and Heathcote (2004)• Optimal capital and income taxConesa, Kitao, and Krueger (2009)2. Social security reforms• Steady state comparisons.Storesletten, Telmer, and Yaron (1999)• The sustainability of the Social Security in Spain.Díaz-Giménez and Díaz-Saavedra (2009)• The value of the Social Security life annuity.Hong and Ríos-Rull (2007)Part V. Endogenous earnings inequality.Estimated duration: 2 theory sessions1. Back to data: heterogenity in income growth:Guvenen (2009), Guvenen (2007) and Guvenen and Smith (2009)2. Human capital accumulation as a source of heterogenous income growth:• Explaining the age profile of the income distribution:Huggett, Ventura, and Yaron (2006) and Huggett, Ventura, and Yaron (2011)• Progressive income taxes and human capital accumulation: cross-country differencesGuvenen, Kuruşçu, and Ozkan (2009)6