Who Bears Aggregate Fluctuations and How?

Jonathan A. Parker, Annette Vissing-Jorgensen

NBER Working Paper No. 14665
Issued in January 2009

---- Acknowledgements -----

We thank Francisco Gomes for helpful comments and Emmanuel Saez and Thomas Piketty for posting their IRS data. This paper was prepared for the Papers and Proceedings of the One Hundred Twenty First Meeting of the American Economic Association. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

return to bibliography page