Academic Publications
The Marginal Propensity to Consume in Heterogeneous Agent Models
Annual Reviews of Economics (forthcoming)
Greg Kaplan and Gianluca Violante
Final Version
Lifetime Incomes in the United States Over Six Decades
American Economic Journal: Applied Economics (forthcoming)
Fatih Guvenen, Greg Kaplan, Jae Song and Justin Weidner
Final Version • January 2019 Version • NBER Working Paper 2017 Version
Non-technical Summary • Replication Materials
Some Unpleasant Markup Arithmetic: Production Function Elasticities and their Estimation from Production Data
Journal of Monetary Economics, 121, 1-14 (2021)
Carnegie-Rochester-NYU Conference Series
Steve Bond, Arshia Hashemi, Greg Kaplan and Piotr Zoch
Published Version • December 2020 Version • April 2020 Version
What Would You Do With $500? Evidence from Gains, Losses, News And Loans
Review of Economic Studies, 88(4) , 1760-1795 (2021)
Andreas Fuster, Greg Kaplan and Basit Zafar
Published Version
August 2020 Version • February 2020 Version • February 2018 Version
A Further Look at the Propagation of Monetary Policy Shocks in HANK
Journal of Money Credit and Banking, 52, S2 (2020)
Felipe Alves, Greg Kaplan, Ben Moll and Gianluca Violante
Published Version • August 2020 Version • Online Appendix
July 2019 Version
The Glass Ceiling and the Paper Floor: Gender Differences Among Top Earners, 1981-2012
NBER Macroeconomics 2020 Annual (2020)
Fatih Guvenen, Greg Kaplan and Jae Song
June 2020 Version (with Appendices)
February 2020 Version • September 2014 Version • Appendices
Non-Durable Consumption and Housing Net Worth in the Great Recession: Evidence from Easily Accessible Data
Journal of Public Economics, 189, (2020)
Greg Kaplan, Kurt Mitman and Gianluca Violante
Published Version • March 2020 Version • April 2016 Version
Press: The Atlantic • Equitable Growth
The Housing Boom and Bust: Model Meets Evidence
Journal of Political Economy, 128 (9), 2020)
Greg Kaplan, Kurt Mitman and Gianluca Violante
Published Version · Frequently Asked Questions
Relative Price Dispersion: Evidence and Theory
American Economic Journal: Microeconomics, 11(3), 68-124 (2019)
Greg Kaplan, Guido Menzio, Leena Rudanko and Nicholas Trachter
Published Version · Replication Materials
The Changing (Dis-) Utility of Work
Journal of Economic Perspectives, 32(3), 239-258 (2018)
Greg Kaplan and Sam Schulhofer-Wohl
Published Version · Replication Material
Non-technical summary
Microeconomic Heterogeneity and Macroeconomic Shocks
Journal of Economic Perspectives, 32(3), 167-194 (2018)
Greg Kaplan and Gianluca Violante
Published Version · Working Paper Version
Non-technical summary
Replication Material
Household Economic Inequality in Australia
Greg Kaplan, Gianni La Cava and Tahlee Stone
Economic Record (2018)
Published Version
Monetary Policy According to HANK
Greg Kaplan, Ben Moll and Gianluca Violante
American Economic Review, 108(3), 697-743 (2018)
Published Version · Notes on Algorithm · Replication Material
Inequality, Heterogeneity and Consumption in the JPE
Greg Kaplan
Commemorative essay in "The Past, Present and Future of Economics: A Celebration of the 125 Year Anniversary of the JPE and Chicago Economics"
Edited by John List and Harald Uhlig
Journal of Political Economy, 125, 1862-68 (2017)
Published Version · Full Issue
When Inequality Matters for Macro and Macro Matters for Inequality
SeHyoun Ahn, Greg Kaplan, Ben Moll, Tom Winberry and Cristian Wolf
NBER Macroeconomics Annual, Volume 32 (2017)
Published Version
Matlab toolbox available here: https://github.com/gregkaplan/phact
Inflation at the Household Level
Greg Kaplan and Sam Schulhofer-Wohl
Journal of Monetary Economics 91, 19-38 (2017)
Published Version · Online Appendix
Press: Politico
Top Income Inequality in the 21st Century: Some Cautionary Notes
Fatih Guvenen and Greg Kaplan
Federal Reserve Bank of Minneapolis Quarterly Review, Issue 3811 (2017)
Published Version
Press: Financial Post · World Economic Forum
Understanding the Long-Run Decline in Interstate Migration
Greg Kaplan and Sam Schulhofer-Wohl
International Economic Review 58, 1, 57-94 (2017)
Published Version · Replication Materials
Press: NY Times Magazine · The Economist · Washington Post · FT · Daily Princetonian
How Large is the Stock Component of Human Capital?
Greg Kaplan and Mark Huggett
Review of Economic Dynamics 22, 21-51 (2016)
(previously circulated as The Money Value of a Man)
Published Version · Replication Materials
Shopping Externalities and Self-Fulfilling Unemployment Fluctuations
Greg Kaplan and Guido Menzio
Journal of Political Economy, vol. 124, no. 3 (2016).
Published Version
The Morphology of Price Dispersion
Greg Kaplan and Guido Menzio
International Economic Review 56.4, 1165-1204 (2015)
Published Version
The Wealthy Hand-to-Mouth
Greg Kaplan, Giovanni L. Violante and Justin Weidner
Brookings Papers on Economic Activity (2014)
Published Version · Replication material (HFCS, HILDA, SCF, SFS, WAS) · Replication material (PSID)
Press:
A Model of the Consumption Response to Fiscal Stimulus Payments
Greg Kaplan and Giovanni L. Violante
Econometrica 82.4, 1199-1239 (2014)
Published Version · Online Appendix · Replication Materials
Non-technical summaries: Microeconomic Insights · Richmond Fed Spotlight
How Risky are Recessions for Top Earners?
Greg Kaplan, Faith Guvenen and Jae Song
American Economic Review: Papers and Proceedings (2014)
Published Version
A Tale of Two Stimulus Payments: 2001 vs 2008
Greg Kaplan and Giovanni L. Violante
American Economic Review: Papers and Proceedings (2014)
Published Version
Inequality and the Lifecycle
Greg Kaplan
Quantitative Economics, 3, 471-525 (2012)
Published Version · Replication Materials
Interstate Migration Has Fallen Less Than You Think: Consequences of Hot Deck Imputation in the Current Population Survey
Greg Kaplan and Sam Schulhofer- Wohl
Demography 49.3, 1061-1074 (2012)
Published Version · Non-technical Summary · Replication Materials
Press:
Moving Back Home: Insurance Against Labor Market Risk
Greg Kaplan
Journal of Political Economy 120.3 (2012): 446-512.
Published Version · Non-technical Press Release · Non-technical Summary
Replication Materials
Human Capital Values and Returns: Bonds Implied by Earnings and Asset Returns Data
Mark Huggett and Greg Kaplan
Journal of Economic Theory 146.3, 897-919 (2011)
Published Version
How Much Consumption Insurance Beyond Self-Insurance?
Greg Kaplan and Giovanni L. Violante
American Economic Journals: Macroeconomics 2.4, 53-87 (2010)
Published Version · Replication Materials
Higher Education Funding Reforms in England: The Distributional Effects and the Shifting Balance of Costs
Lorraine Dearden, Emla Fitzsimons, Alissa Goodman and Greg Kaplan
Economic Journal 118.Feb, F100-F125, (2008)
Published Version