Browsing Økonomisk institutt by Author "Storesletten, Kjetil"

Now showing items 1-9 of 9

  • Chinas great convergence and beyond 
    Storesletten, Kjetil; Zilibotti, Fabrizio (Journal article / Tidsskriftartikkel / SubmittedVersion, 2014)
    A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development ...
  • Consumption and labor supply with partial insurance: An analytical framework 
    Heathcote, Jonathan; Storesletten, Kjetil; Violante, Giovanni l. (Journal article / Tidsskriftartikkel / AcceptedVersion; Peer reviewed, 2014)
    We develop a model with partial insurance against idiosyncratic wage shocks to quantify risk sharing. Closed-form solutions are obtained for equilibrium allocations and for moments of the joint distribution of consumption, ...
  • Dissecting Idiosyncratic Earnings Risk. 
    Halvorsen, Elin; Holter, Hans Åsnes; Ozkan, Serdar; Storesletten, Kjetil (Journal article / Tidsskriftartikkel / AcceptedVersion; Peer reviewed, 2023)
    This paper examines whether nonlinear and non-Gaussian features of earnings dynamics are caused by hours or hourly wages. Our findings from the Norwegian administrative and survey data are as follows: (i) Nonlinear mean ...
  • How Should Tax Progressivity Respond to Rising Income Inequality? 
    Heathcote, Jonathan; Storesletten, Kjetil; Violante, Giovanni L. (Journal article / Tidsskriftartikkel / PublishedVersion; Peer reviewed, 2020)
    We address the question in the title in a heterogeneous-agent incomplete-market model featuring exogenous idiosyncratic risk, endogenous skill investment, and flexible labor supply. The tax and transfer schedule is restricted ...
  • The Macroeconomics of the Quiet Revolution : Understanding the implications of the rise in women's participation for economic growth and inequality 
    Storesletten, Kjetil; Heathcote, Jonathan; Violante, Giovanni l. (Journal article / Tidsskriftartikkel / AcceptedVersion; Peer reviewed, 2017)
    We study the impact of the rise in female labor supply on the economic performance of the United States over the period 1967–2002 through the lens of a calibrated structural model. The model features all the key forces ...
  • Optimal Tax Progressivity: An Analytical Framework 
    Heathcote, Jonathan; Storesletten, Kjetil; Violante, Giovanni l. (Journal article / Tidsskriftartikkel / AcceptedVersion; Peer reviewed, 2017)
    What shapes the optimal degree of progressivity of the tax and transfer system? On the one hand, a progressive tax system can counteract inequality in initial conditions and substitute for imperfect private insurance against ...
  • Plan S and the Economics of Scientific Journal Publishing 
    Nyborg, Karine; Harstad, Bård Gjul; Holden, Steinar; Nilssen, Tore; Storesletten, Kjetil (Journal article / Tidsskriftartikkel / PublishedVersion; Peer reviewed, 2019)
    Securing open access to research will not remove the fundamental problem that commercial publishers have substantial market power. Thus, even if Plan S is successful, large commercial publishers are likely to put financial ...
  • Sharing High Growth Across Generations: Pensions and Demographic Transition in China 
    Storesletten, Kjetil; Song, Zheng; Wang, Yikai; Zilibotti, Fabrizio (Journal article / Tidsskriftartikkel / AcceptedVersion; Peer reviewed, 2015)
    We analyze intergenerational redistribution in emerging economies with the aid of an overlapping generations model with endogenous labor supply. Growth is initially high but declines over time. A version of the model ...
  • Sovereign Debt and Structural Reforms 
    Muller, A; Storesletten, Kjetil; Zilibotti, Fabrizio (Journal article / Tidsskriftartikkel / PublishedVersion; Peer reviewed, 2019)
    We construct a dynamic theory of sovereign debt and structural reforms with limited enforcement and moral hazard. A sovereign country in recession wishes to smooth consumption. It can also undertake costly reforms to speed ...