Income Inequality and Job Creation

The authors would like to thank George-Marios Angeletos, Boragan Aruoba, Adrien Auclert, Corina Boar, Dheeraj Chaudhary, Gabriel Chodorow-Reich, Francesco D’Acunto, Vadim Elenev, Miguel Faria-e-Castro, John Haltiwanger, Sebnem Kalemli-Ozcan, Marios Karabarbounis, Matteo Maggiori, Davide Melcangi, Giuseppe Moscarini, Christian Moser, Pablo Ottonello, Enrico Perotti, Michael Peters, Alessandro Rebucci, Jean-Charles Rochet, Petr Sedlacek, Ludwig Straub and Gianluca Violante; seminar participants at Yale University, University of Virginia, Michigan State University, Johns Hopkins University, University of Maryland, Emory University/Atlanta Fed, University of Zurich, CREI Barcelona, Tinbergen Institute, University of Bonn, LMU Munich, TU Munich, Berlin School of Economics, Glasgow University, Sao Paulo School of Economics (FGV), Australian National University, Kansas State University, Cleveland Fed, Kansas City Fed, Bank of England, Swiss National Bank, European Central Bank, the EBRD, Reserve Bank of India, Virtual Australian Macro Seminar; as well as conference participants at the Econometric Society Winter Meetings, the CEPR European Summer Symposium in International Macroeconomics, the European Midwest Micro/Macro Conference, the Oxford Conference on Firm Heterogeneity and the Macroeconomy, the SED in Minneapolis, the Society for the Advancement of Economic Theory, the Southern Economics Association, the Swiss Winter Conference on Financial Intermediation, the 2nd DC Juniors Finance Conference, the EEA Annual Congress, the Korea-America Economic Association, and VMACS Junior. The views expressed here are those of the authors only and not necessarily those of the Bank for International Settlements, the Federal Reserve Bank of New York, the Federal Reserve System, or the National Bureau of Economic Research.