Monday, July 19
11:00 am

Stochastic Earnings Growth and Equilibrium Wealth Distributions

Thomas J. Sargent, New York University and NBER
Neng Wang, Dean Cheung Kong Graduate School of Business
Jinqiang Yang, Shanghai University of Finance and Economics
11:50 am
Break
12:00 pm

Why Are the Wealthiest So Wealthy? (slides)

Elin Halvorsen, Statistics Norway
Joachim Hubmer, University of Pennsylvania
Serdar Ozkan, Federal Reserve Bank of St. Louis
Sergio Salgado, University of Pennsylvania
12:50 pm
Break
1:00 pm

How Important is Health Inequality for Lifetime Earnings Inequality? (slides)

Roozbeh Hosseini, University of Georgia
Karen Kopecky, Federal Reserve Bank of Cleveland
Kai Zhao, University of Connecticut
1:50 pm
Virtual Breakout Rooms
2:30 pm
Adjourn
Tuesday, July 20
11:00 am

Present Bias Amplifies the Household Balance-Sheet Channels of Macroeconomic Policy

David Laibson, Harvard University and NBER
Peter D. Maxted, University of California, Berkeley
Benjamin Moll, London School of Economics
12:00 pm

The Liquidity Channel of Fiscal Policy (slides)

Christian Bayer, University of Bonn
Benjamin Born, Frankfurt School of Finance and Management
Ralph Luetticke, University of Tuebingen
12:50 pm
Break
1:00 pm

Micro Risks and Pareto Improving Policies with Low Interest Rates

Mark A. Aguiar, Princeton University and NBER
Manuel Amador, University of Minnesota and NBER
Cristina Arellano, Federal Reserve Bank of Minneapolis
1:50 pm
Virtual Breakout Rooms
2:30 pm
Adjourn
Wednesday, July 21
11:00 am

Minimum Wages and Welfare (slides)

Simon Mongey, Federal Reserve Bank of Minneapolis and NBER
David W. Berger, Duke University and NBER
Kyle F. Herkenhoff, University of Minnesota and NBER
11:50 am
Break
12:00 pm

The Effects of the Minimum Wage in the Short Run and in the Long Run (slides)

Erik Hurst, University of Chicago and NBER
Patrick J. Kehoe, Stanford University and NBER
Elena Pastorino, Stanford University and NBER
Thomas Winberry, University of Pennsylvania and NBER
12:50 pm
Break
1:00 pm

Occupational Exposure to Capital-Embodied Technical Change

Julieta Caunedo, Cornell University
Elisa Keller, University of Exeter
David Jaume, Banco de Mexico
1:50 pm
Virtual Breakout Rooms
2:30 pm
Adjourn