Abstract Chapter 1. Heterogeneous Entrepreneurial Ability and Wealth Inequality Models with entrepreneurship can reproduce high wealth concentration at the top.

"Chapter 1 develops a heterogeneous-agent general equilibrium model that incorporates both intensive and extensive margins of labor supply. A nonconvexity in th

"The first chapter of this dissertation is based on the observation that during the past 50 years, the US economy has been characterized by a rapid decline of l

In these essays, I study the implications of macroeconomic policies under the environment with rich heterogeneities of economic agents. The analyses in these es

"This dissertation consists of essays addressing the macroeconomic outcomes of heterogeneous agent general equilibrium models with micro-level frictions. Each c