Presented “Income and Wealth Heterogeneity in the Macroeconomy” by Krusell & Smith (JPE 1998) and “How Important is Discount Rate Heterogeneity for Wealth Inequality” by Lutz Hendricks (JEDC 2007). Followed the discussion of these papers with a brief overview of the empirical literature on present bias and present bias heterogeneity in an attempt to motivate a research agenda that he will be pursuing this summer
