Health vs. Wealth: On The Distributional Effects of Controlling a Pandemic
​with Jonathan Heathcote, Dirk Krueger, and Jose Victor Rios-Rull
FRB KC WP, NBER WP 27046, CEPR COVID Economics Version
​Media coverage: NY Times, Bloomberg, Reuters 
Summaries: VOX-EU, Minneapolis Fed
Slides: Virtual Brown Bag
Optimal Age-Based Vaccination and Economic Mitigation Policies for the Second Phase of the Covid-19 Pandemic
with Jonathan Heathcote and Dirk Krueger
Journal of Economic Dynamics and Control, Forthcoming
Business Cycles:
Aggregate Effects of Minimum Wage Regulation at the Zero Lower Bound
Journal of Monetary Economics, Nov 2019
SSRN  CODE
Intergenerational Redistribution in the Great Recession
(with Jonathan Heathcote, Dirk Krueger, and Jose Victor Rios Rull)
NBER, SSRN
Journal of Political Economy, Oct 2021.
Avoiding Liquidity Traps With Minimum Wages: Can Stability Justify Distortions?
​*Early Draft*
Negative Nominal Interest Rates Can Worsen Liquidity Traps
*Early Draft*
Inflation Expectations Limit the Power of Negative Interest Rates
(with Emily Pollard)
Federal Reserve Bank of Kansas City Economic Bulletin, March 2020
A Quantitative Rat Race Theory of Labor Market Dynamics
​*Old Working Paper, New Draft Coming Soon*

KC Fed LMCI Implies the Labor Market Is Closer to a Full Recovery than the Unemployment Rate Alone Suggests
​(with José Mustre-del-Río and Emily Pollard)
KC Fed LMCI Suggests Recent Inflation Is Not Due to the Tight Labor Market
​(with José Mustre-del-Río and Emily Pollard)
Consumer Credit:
Employer Credit Checks: Poverty Traps versus Matching Efficiency
(with Dean Corbae) 
NBER WP 25005
Submitted
​The Unintended Consequences of Employer Credit Check Bans in Labor Markets
with Kristle Cortés and Murat Tasci​
Review of Economics and Statistics, Forthcoming
​Online Appendix
FRB KC WP, Opportunity & Inclusive Growth WP, SSRN, LEHD SCRIPT, Compiled Laws
Previously titled "The Unintended Consequences of Employer Credit Check Bans in Labor and Credit Markets".
A Simple Dynamic Theory of Credit Scores Under Adverse Selection 
(with Dean Corbae)
Labor's Share of Income:
Demographic Origins of the Decline in Labor's Share
​with Jacob Short
Submitted
(Previously circulated as "The Life-Cycle Distribution of Earnings and Decline in Labor's Share")

​Can Capital Deepening Explain the Global Decline in Labor's Share?
with Jacob Short​
SSRN
Review of Economic Dynamics, Jan 2020
Descriptive Statistical Research:
Facts on the Distributions of Earnings, Income, and Wealth in the United States: 2007 Update
(with Javier Díaz-Giménez and Victor Ríos-Rull)
Federal Reserve Bank of Minneapolis Quarterly Review Vol. 34, No. 1, February 2011, pp. 2–31

Entrepreneurship

​
Puzzlingly Divergent Trends in Household Wealth and Business Formation
(with Justin Barnette)
Federal Reserve Bank of Kansas City Economic Review,  2021 Q2, pp. 5-16
Bankruptcy, Incorporation, and The Nature of Entrepreneurial Risk 
(joint with Jake Short)
*New  Draft Coming Soon*