NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Microeconomics

Intertemporal Choice and Growth


2009
w15435 Alan L. Gustman
Thomas L. Steinmeier
Nahid Tabatabai

What the Stock Market Decline Means for the Financial Security and Retirement Choices of the Near-Retirement Population

w15352 Annamaria Lusardi
Olivia S. Mitchell
Vilsa Curto

Financial Literacy among the Young: Evidence and Implications for Consumer Policy

w15350 Annamaria Lusardi
Olivia S. Mitchell

How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness

w15311 William N. Evans
Timothy J. Moore

The Short-Term Mortality Consequences of Income Receipt

w15307 Motohiro Yogo
Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets

w15170 John Geanakoplos
Stephen P. Zeldes

Market Valuation of Accrued Social Security Benefits

w15149 Mariacristina De Nardi
Eric French
John Bailey Jones

Why do the Elderly Save? The Role of Medical Expenses

w14901 Hamish Low
Costas Meghir
Luigi Pistaferri

Wage Risk and Employment Risk over the Life Cycle

w14808 Annamaria Lusardi
Peter Tufano

Debt Literacy, Financial Experiences, and Overindebtedness

w14715 Annamaria Lusardi
Punam Anand Keller
Adam M. Keller

New Ways to Make People Save: A Social Marketing Approach

w14653 Mariacristina De Nardi
Eric French
John Bailey Jones

Life Expectancy and Old Age Savings

w14639 Charles Yuji Horioka
Do Bequests Increase or Decrease Wealth Inequalities?


2008
w14629 Bernard Dumas
Andrew Lyasoff

Incomplete-Market Equilibria Solved Recursively on an Event Tree

w14584 Tommaso Monacelli
Roberto Perotti

Fiscal Policy, Wealth Effects, and Markups

w14408 Daron Acemoglu
Kostas Bimpikis
Asuman Ozdaglar

Experimentation, Patents, and Innovation

w14359 Lawrence H. Summers
Richard J. Zeckhauser

Policymaking for Posterity

w14353 Christopher F. Chabris
David Laibson
Carrie L. Morris
Jonathon P. Schuldt
Dmitry Taubinsky

Measuring intertemporal preferences using response times

w14270 Christopher F. Chabris
David Laibson
Carrie L. Morris
Jonathon P. Schuldt
Dmitry Taubinsky

Individual Laboratory-Measured Discount Rates Predict Field Behavior

w14237 Jon Bakija
Bradley Heim

How Does Charitable Giving Respond to Incentives and Income? Dynamic Panel Estimates Accounting for Predictable Changes in Taxation

w14105 Alan L. Gustman
Thomas Steinmeier

How Changes in Social Security Affect Recent Retirement Trends

w14074 C. Fritz Foley
Welfare Payments and Crime

w13979 John Geanakoplos
Stephen P. Zeldes

Reforming Social Security with Progressive Personal Accounts

w13966 Francisco J. Gomes
Laurence J. Kotlikoff
Luis M. Viceira

Optimal Life-Cycle Investing with Flexible Labor Supply: A Welfare Analysis of Life-Cycle Funds

w13929 Michael D. Hurd
Susann Rohwedder

The Retirement Consumption Puzzle: Actual Spending Change in Panel Data

w13927 Geoffrey Heal
Climate Economics: A Meta-Review and Some Suggestions

w13824 Annamaria Lusardi
Household Saving Behavior: The Role of Financial Literacy, Information, and Financial Education Programs

w13750 Annamaria Lusardi
Olivia S. Mitchell

Planning and Financial Literacy: How Do Women Fare?


2007
w13694 Sumit Agarwal
Chunlin Liu
Nicholas S. Souleles

The Reaction of Consumer Spending and Debt to Tax Rebates -- Evidence from Consumer Credit Data

w13630 David E. Bloom
David Canning
Michael Moore

A Theory of Retirement

w13627 Florian Heiss
Daniel McFadden
Joachim Winter

Mind the Gap! Consumer Perceptions and Choices of Medicare Part D Prescription Drug Plans

w13584 Thomas Philippon
Yuliy Sannikov

Real Options in a Dynamic Agency Model, with Applications to Financial Development, IPOs, and Business Risk

w13570 Ulrike Malmendier
Geoffrey Tate
Jonathan Yan

Corporate Financial Policies With Overconfident Managers

w13565 Maarten van Rooij
Annamaria Lusardi
Rob Alessie

Financial Literacy and Stock Market Participation

w13496 James Banks
Richard Blundell
Zoë Oldfield
James P. Smith

Housing Price Volatility and Downsizing in Later Life

w13420 Stefano DellaVigna
Psychology and Economics: Evidence from the Field

w13401 Bernard Dumas
Alexander Kurshev
Raman Uppal

Equilibrium Portfolio Strategies in the Presence of Sentiment Risk and Excess Volatility

w13392 Kerwin Kofi Charles
Erik Hurst
Nikolai Roussanov

Conspicuous Consumption and Race

w13385 Nicholas Bloom
The Impact of Uncertainty Shocks

w13371 Hanming Fang
Alessandro Gavazza

Dynamic Inefficiencies in Employment-Based Health Insurance System Theory and Evidence

w13352 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

The Impact of Employer Matching on Savings Plan Participation under Automatic Enrollment

w13314 David Laibson
Andrea Repetto
Jeremy Tobacman

Estimating Discount Functions with Consumption Choices over the Lifecycle

w13275 David Card
Michael Ransom

Pension Plan Characteristics and Framing Effects in Employee Savings Behavior

w13273 Charles Yuji Horioka
Wataru Suzuki
Tatsuo Hatta

Aging, Saving, and Public Pensions in Japan

w13224 Mark Huggett
Gustavo Ventura
Amir Yaron

Sources of Lifetime Inequality

w13220 John Donaldson
Rajnish Mehra

Risk Based Explanations of the Equity Premium

w13117 Jesse Rothstein
Cecilia Elena Rouse

Constrained After College: Student Loans and Early Career Occupational Choices

w13105 John Ameriks
Andrew Caplin
Steven Laufer
Stijn Van Nieuwerburgh

The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Bequest and Precautionary Motives

w12958 Alan L. Gustman
Thomas Steinmeier

Projecting Behavioral Responses to the Next Generation of Retirement Policies

w12879 Christine Jolls
Behavioral Law and Economics

w12841 Nicholas Bloom
Uncertainty and the Dynamics of R&D


2006
w12723 Charles Yuji Horioka
Junmin Wan

The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data

w12701 Wojciech Kopczuk
Bequest and Tax Planning: Evidence From Estate Tax Returns

w12655 Midori Wakabayashi
Charles Y. Horioka

Is the Eldest Son Different? The Residential Choice of Siblings in Japan

w12639 David Card
Raj Chetty
Andrea Weber

Cash-on-Hand and Competing Models of Intertemporal Behavior: New Evidence from the Labor Market

w12615 Ahmed Khwaja
Dan Silverman
Frank Sloan

Time Preference, Time Discounting, and Smoking Decisions

w12585 Annamaria Lusardi
Olivia S. Mitchell

Baby Boomer Retirement Security: the Roles of Planning, Financial Literacy, and Housing Wealth

w12452 Louis Kaplow
Myopia and the Effects of Social Security and Capital Taxation on Labor Supply

w12433 Rajnish Mehra
Recursive Competitive Equilibrium

w12383 Nick Bloom
John Van Reenen
Stephen Bond

Uncertainty and Investment Dynamics

w12367 Leora Friedberg
Anthony Webb

Determinants and Consequences of Bargaining Power in Households

w12351 Charles Yuji Horioka
The Dissaving of the Aged Revisited: The Case of Japan

w12330 Miki Kohara
Charles Yuji Horioka

Do Borrowing Constraints Matter? An Analysis of Why the Permanent Income Hypothesis Does Not Apply in Japan

w12294 W. Kip Viscusi
Rational Discounting for Regulatory Analysis

w12278 Emre Ozdenoren
Stephen Salant
Dan Silverman

Willpower and the Optimal Control of Visceral Urges

w12255 Carolyn Kousky
Erzo F.P. Luttmer
Richard J. Zeckhauser

Private Investment and Government Protection

w12239 Louis Kaplow
Discounting Dollars, Discounting Lives: Intergenerational Distributive Justice and Efficiency

w12104 Chang-Tai Hsieh
Jonathan A. Parker

Taxes and Growth in a Financially Underdeveloped Country: Evidence from the Chilean Investment Boom

w12057 Michael D. Hurd
Susann Rohwedder

Some Answers to the Retirement-Consumption Puzzle

w12042 Steven R. Grenadier
Neng Wang

Investment Under Uncertainty and Time-Inconsistent Preferences

w12030 Laurent E. Calvet
John Y. Campbell
Paolo Sodini

Down or Out: Assessing the Welfare Costs of Household Investment Mistakes

w11935 W. Kip Viscusi
Joel Huber

Hyperbolic Discounting of Public Goods

w11920 John Beshears
James J. Choi
David Laibson
Brigitte Madrian

Early Decisions: A Regulatory Framework


2005
w11820 Ricardo Reis
Inattentive Producers

w11767 Wojciech Kopczuk
Joseph Lupton

To Leave or Not To Leave: The Distribution of Bequest Motives

w11746 Ricardo Reis
A Dynamic Measure of Inflation

t0315 Jesus Fernandez-Villaverde
Juan Rubio
Manuel Santos

Convergence Properties of the Likelihood of Computed Dynamic Models

w11566 Daniel S. Hamermesh
Joel Slemrod

The Economics of Workaholism: We Should Not Have Worked on This Paper

w11560 Midori Wakabayashi
Charles Yuji Horioka

Borrowing Constraints and Consumption Behavior in Japan

w11518 B. Douglas Bernheim
Antonio Rangel

Behavioral Public Economics: Welfare and Policy Analysis with Non-Standard Decision-Makers

w11503 Diego Comin
Sunil Mulani

A Theory of Growth and Volatility at the Aggregate and Firm Level

w11497 Marie Thursby
Jerry Thursby
Swasti Gupta-Mukherjee

Are There Real Effects of Licensing on Academic Research? A Life Cycle View

w11491 David S. Lee
Justin McCrary

Crime, Punishment, and Myopia

w11485 Wojciech Kopczuk
Joel Slemrod

Denial of Death and Economic Behavior

w11421 Judith Chevalier
Austan Goolsbee

Are Durable Goods Consumers Forward Looking? Evidence from College Textbooks

t0309 Christopher D. Carroll
The Method of Endogenous Gridpoints for Solving Dynamic Stochastic Optimization Problems

w11322 Lu Zhang
Anomalies

w11122 George M. Constantinides
John B. Donaldson
Rajnish Mehra

Junior is Rich: Bequests as Consumption

w11079 Rob Alessie
Agar Brugiavini
Guglielmo Weber

Saving and Cohabitation: The Economic Consequences of Living with One's Parents in Italy and the Netherlands


2004
w11016 George-Marios Angeletos
Laurent-Emmanuel Calvet

Incomplete Market Dynamics in a Neoclassical Production Economy

w10919 David E. Bloom
David Canning
Michael Moore

The Effect of Improvements in Health and Longevity on Optimal Retirement and Saving

w10888 Arthur Kennickell
Annamaria Lusardi

Disentangling the Importance of the Precautionary Saving Mode

w10883 Ricardo Reis
Inattentive Consumers

w10867 Christopher Carroll
Theoretical Foundations of Buffer Stock Saving

w10862 Susann Rohwedder
Steven J. Haider
Michael Hurd

Increases in Wealth among the Elderly in the Early 1990s: How Much is Due to Survey Design?

w10837 Stefano DellaVigna
M. Daniele Paserman

Job Search and Impatience

w10819 Stefano DellaVigna
Ulrike Malmendier

Overestimating Self_Control: Evidence from the Health Club Industry

w10789 Li Gan
Guan Gong
Michael Hurd
Daniel McFadden

Subjective Mortality Risk and Bequests

w10627 Diego Comin
Using Investment Data to Assess the Importance of Price Mismeasurement

w10611 Jacob L. Vigdor
Liquidity Constraints and Housing Prices: Theory and Evidence from the VA Mortgage

w10597 David Backus
Bryan Routledge
Stanley Zin

Exotic Preferences for Macroeconomists

w10518 Ricardo Caballero
Emmanuel Farhi
Mohamad L. Hammour

Speculative Growth: Hints from the US Economy

w10514 John Ameriks
Andrew Caplin
John Leahy
Tom Tyler

Measuring Self-Control

w10354 Raj Chetty
Interest Rates and Backward-Bending Investment

w10257 Steven Haider
Melvin Stephens Jr.

Is There a Retirement-Consumption Puzzle? Evidence Using Subjective Retirement Expectations

w10216 John Ameriks
Andrew Caplin
John Leahy

The Absent-Minded Consumer


2003
w10182 Arie Kapteyn
Constantijn Panis

The Size and Composition of Wealth Holdings in the United States, Italy, and the Netherlands

w9976 Melvin Stephens Jr.
The Consumption Response to Predictable Changes in Discretionary Income: Evidence from the Repayment of Vehicle Loans

w9970 Gadi Barlevy
The Cost of Business Cycles Under Endogenous Growth

w9764 George-Marios Angeletos
Laurent Calvet

Idiosyncratic Production Risk, Growth, and the Business Cycle

w9647 Tokuo Iwaisako
Household Portfolios in Japan

w9586 Michael Hurd
Susann Rohwedder

The Retirement-Consumption Puzzle: Anticipated and Actual Declines in Spending at Retirement

w9525 Rajnish Mehra
Edward C. Prescott

The Equity Premium in Retrospect

w9508 Melvin Stephens
Jr.

Job Loss Expectations, Realizations, and Household Consumption Behavior

w9412 Kent A. Smetters
Trading with the Unborn: A New Perspective on Capital Income Taxation

w9410 Dirk Krueger
Felix Kubler

Pareto Improving Social Security Reform when Financial Markets are Incomplete?


2002
w9382 Jesus Fernandez-Villaverde
Dirk Krueger

Consumption over the Life Cycle: Facts from Consumer Expenditure Survey Data

w9381 Ricardo J. Caballero
Mohamad L. Hammour

Speculative Growth

w9356 Melvin Stephens Jr.
Paycheck Receipt and the Timing of Consumption

w9331 Steven J. Davis
Felix Kubler
Paul Willen

Borrowing Costs and the Demand for Equity Over the Life Cycle

w9256 Jeffrey R. Brown
Redistribution and Insurance: Mandatory Annuitization with Mortality Heterogeneity

w9249 Donald S. Kenkel
Robert R. Reed III
Ping Wang

Rational Addiction, Peer Externalities and Long Run Effects of Public Policy

w9202 Dirk Krueger
Fabrizio Perri

Does Income Inequality Lead to Consumption Inequality? Evidence and Theory

w9196 Jonathan Parker
Bruce Preston

Precautionary Saving and Consumption Fluctuations

w9012 Alan J. Auerbach
The Bush Tax Cut and National Saving

w8906 George M. Constantinides
John B. Donaldson
Rajnish Mehra

Junior Must Pay: Pricing the Implicit Put in Privatizing Social Security

w8822 Alon Brav
George M. Constantinides
Christopher C. Geczy

Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence


2001
w8496 Christopher D. Carroll
Miles S. Kimball

Liquidity Constraints and Precautionary Saving

w8394 John P. Conley
Antonio Rangel

Intergenerational Fiscal Constitutions: How to Protect Future Generations Using Land Taxes and Federalism

w8233 Christopher D. Carroll
Precautionary Saving and the Marginal Propensity to Consume out of Permanent Income

w8170 Jagadeesh Gokhale
Laurence J. Kotlikoff
Mark J. Warshawsky

Life-Cycle Saving, Limits on Contributions to DC Pension Plans, and Lifetime Tax Benefits

w8107 Pierre-Olivier Gourinchas
Jonathan A. Parker

The Empirical Importance of Precautionary Saving


2000
w7983 Andrew Caplin
John Leahy

The Social Discount Rate

w7905 Steven J. Davis
Paul Willen

Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice

w7879 David Laibson
Andrea Repetto
Jeremy Tobacman

A Debt Puzzle

w7812 Jeffrey R. Brown
Olivia S. Mitchell
James M. Poterba

Mortality Risk, Inflation Risk, and Annuity Products

w7785 Jerome Adda
Russell Cooper

The Dynamics of Car Sales: A Discrete Choice Approach

w7743 Pierre-Richard Agenor
Joshua Aizenman

Savings and the Terms of Trade Under Borrowing Constraints

w7633 Larry Jones
Rodolfo Manuelli
Henry Siu

Growth and Business Cycles

w6002 Olivia S. Mitchell
James M. Poterba
Mark J. Warshawsky

New Evidence on the Money's Worth of Individual Annuities

w7463 Charles Yuji Horioka
Hideki Fujisaki
Wako Watanabe
Takatsugu Kouno

Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives


1999
w7406 Alon Brav
George M. Constantinides
Christopher C. Geczy

Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence

t0244 Allan Drazen
Plutarchos Sakellaris

News About News: Information Arrival and Irreversible Investment

w7271 Pierre-Olivier Gourinchas
Jonathan A. Parker

Consumption Over the Life Cycle

w7048 Michael D. Hurd
Mortality Risk and Consumption by Couples


1998
w6681 Alan L. Gustman
Thomas L. Steinmeier

Effects of Pensions on Saving: Analysis with Data from the Health and Retirement Study

w6678 Jonathan B. Berk
A Simple Approach for Deciding When to Invest

w6497 Aaron Tornell
Reform from Within

w6494 Lawrence H. Goulder
Koshy Mathai

Optimal CO2 Abatement in the Presence of Induced Technological Change

w6420 Ricardo J. Caballero
Eduardo M.R.A. Engel

Nonlinear Aggregate Investment Dynamics: Theory and Evidence

w6373 Avinash K. Dixit
Robert S. Pindyck

Expandability, Reversibility, and Optimal Capacity Choice


1997
w6298 Christopher D. Carroll
Death to the Log-Linearized Consumption Euler Equation! (And Very Poor Health to the Second-Order Approximation)

w6264 Ricardo J. Caballero
Aggregate Investment

w5213 Robert B. Barsky
Miles S. Kimball
F. Thomas Juster
Matthew D. Shapiro

Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Survey

w6138 Christopher D. Carroll
Jody Overland
David N. Weil

Comparison Utility in a Growth Model

w4145 Joseph E. Stiglitz
Aaron S. Edlin

Discouraging Rivals: Managerial Rent-Seeking and Economic Inefficiencies

w6001 James M. Poterba
The History of Annuities in the United States

w5971 Avinash Dixit
Robert S. Pindyck
Sigbjorn Sodal

A Markup Interpretation of Optimal Rules for Irreversible Investment


1996
w5788 Christopher D. Carroll
Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis

w4160 Ricardo J. Caballero
Robert S. Pindyck

Uncertainty, Investment, and Industry Evolution

w5674 Michael Kremer
Charles Morcom

Elephants

w5635 David I. Laibson
Hyperbolic Discount Functions, Undersaving, and Savings Policy

w5566 Michael Kremer
How Much Does Sorting Increase Inequality?


1995
w5378 Joseph G. Altonji
Fumio Hayashi
Laurence Kotlikoff

Parental Altruism and Inter Vivos Transfers: Theory and Evidence

w5194 Christopher D. Carroll
Andrew A. Samwick

How Important is Precautionary Saving?

w5193 Christopher D. Carroll
Andrew A. Samwick

The Nature of Precautionary Wealth

w4206 Robert J. Barro
N. Gregory Mankiw
Xavier Sala-i-Martin

Capital Mobility in Neoclassical Models of Growth

w5070 Donald R. Haurin
Susan M. Wachter
Patric H. Hendershott

Wealth Accumulation and Housing Choices of Young Households: An Exploratory Investigation


1994
w4900 Orazio P. Attanasio
Thomas C. DeLeire

IRAs and Household Saving Revisited: Some New Evidence

w4811 Orazio P. Attanasio
The Intertemporal Allocation of Consumption: Theory and Evidence

w4795 Orazio P. Attanasio
Guglielmo Weber

Is Consumption Growth Consistent with Intertemporal Optimization? Evidence from the Consumer Expenditure Survey

w4666 Hilary Williamson Hoynes
Daniel McFadden

The Impact of Demographics on Housing and Non-Housing Wealth in the United States


1993
w4530 Axel Borsch-Supan
Aging in Germany and the United States: International Comparisons

w4453 Orazio P. Attanasio
Martin Browning

Consumption over the Life Cycle and over the Business Cycle

w4430 Andrea Beltratti
Graciela Chichilnisky
Geoffrey Heal

Sustainable Growth and the Green Golden Rule

w4380 Robert S. Pindyck
Andres Solimano

Economic Instability and Aggregate Investment

w4330 Angus Deaton
Christina H. Paxson

Saving, Growth, and Aging in Taiwan

w4328 Angus Deaton
Christina Paxson

Intertemporal Choice and Inequality

w4094 Maurice Obstfeld
International Adjustment with Habit-Forming Consumption: A Diagrammatic Exposition


1992
w4215 B. Douglas Bernheim
John Karl Scholz

Private Saving and Public Policy

w4056 Steven N. Durlauf
A Theory of Persistent Income Inequality


1991
w3937 Mark Schankerman
Revisions and Investment Plans and the Stock Market Rate of Return

w3913 David Altig
Steve J. Davis

Borrowing Constraints and Two-Sided Altruism With an Application to Social Security

w3886 Elise Brezis
Paul Krugman
Daniel Tsiddon

Leapfrogging: A Theory of Cycles in National Technological Leadership

w3802 Marjorie A. Flavin
The Joint Consumption/Asset Demand Decision: A Case Study in Robust Estimation


Generated Tue Nov 24 04:34:39 2009

 
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