Income Effects; Labor Supply Elasticities; Lottery Winnings; Wealth Effects

How Americans Respond to Idiosyncratic and Exogenous Changes in Household Wealth and Unearned Income

We study how Americans respond to idiosyncratic and exogenous changes in household wealth and unearned income. Our analyses combine …

Michael Graber, Mikhail Golosov, Magne Mogstad, David Novgorodsky