Andrew Caplin

Department of Economics
New York University
19 W. 4th Street, 6th Floor
New York, NY 10012
Tel: 212/998-8950
Fax: 212/995-3932

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
NBER Program Affiliations: AG , EFG
NBER Affiliation: Research Associate
Institutional Affiliation: New York University

NBER Working Papers and Publications

March 2019Wishful Thinking
with John V. Leahy: w25707
November 2018Rational Inattention, Competitive Supply, and Psychometrics
with Dániel Csaba, John Leahy, Oded Nov: w25224
November 2017Older Americans Would Work Longer If Jobs Were Flexible
with John Ameriks, Joseph S. Briggs, Minjoon Lee, Matthew D. Shapiro, Christopher Tonetti: w24008

Published: John Ameriks & Joseph Briggs & Andrew Caplin & Minjoon Lee & Matthew D. Shapiro & Christopher Tonetti, 2020. "Older Americans Would Work Longer if Jobs Were Flexible," American Economic Journal: Macroeconomics, vol 12(1), pages 174-209. citation courtesy of

August 2017Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy
with Mark Dean, John Leahy: w23652
July 2017Comment on "Survey Measurement of Probabilistic Economic Expectations: Progress and Promise"
in NBER Macroeconomics Annual 2017, volume 32, Martin Eichenbaum and Jonathan A. Parker, editors
October 2016The Long-Term-Care Insurance Puzzle: Modeling and Measurement
with John Ameriks, Joseph Briggs, Matthew D. Shapiro, Christopher Tonetti: w22726
March 2015Social Learning and Selective Attention
with John Leahy, Filip Matějka: w21001
February 2015The Wealth of Wealthholders
with John Ameriks, Minjoon Lee, Matthew D. Shapiro, Christopher Tonetti: w20972
Long-Term-Care Utility and Late-in-Life Saving
with John Ameriks, Joseph S. Briggs, Matthew D. Shapiro, Christopher Tonetti: w20973
January 2014Revealed Preference, Rational Inattention, and Costly Information Acquisition
with Mark Dean: w19876

Published: Andrew Caplin & Mark Dean, 2015. "Revealed Preference, Rational Inattention, and Costly Information Acquisition," American Economic Review, vol 105(7), pages 2183-2203. citation courtesy of

August 2013Behavioral Implications of Rational Inattention with Shannon Entropy
with Mark Dean: w19318
June 2012Is the FHA Creating Sustainable Homeownership?
with Anna Cororaton, Joseph Tracy: w18190

Published: Andrew Caplin & Anna Cororaton & Joseph Tracy, 2015. "Is the FHA Creating Sustainable Homeownership?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(4), pages 957-992, November. citation courtesy of

April 2012Defaults and Attention: The Drop Out Effect
with Daniel J. Martin: w17988

Published: Andrew Caplin & Daniel Martin, 2017. "Defaults and Attention: The Drop Out Effect," Revue économique, vol 68(5).

June 2011A Testable Theory of Imperfect Perception
with Daniel Martin: w17163

Caplin, Andrew, and Daniel Martin (2014), “A Testable Theory of Imperfect Perception,” The Economic Journal, forthcoming. citation courtesy of

August 2010A Graph Theoretic Approach to Markets for Indivisible Goods
with John V. Leahy: w16284

Published: A Graph Theoretic Approach to Markets for Indivisible Goods (with Andrew Caplin), Journal of Mathematical Economics 52, May 2014, 112-122. citation courtesy of

Comparative Statics in Markets for Indivisible Goods
with John V. Leahy: w16285
March 2010Reassessing FHA Risk
with Diego Aragon, Sumit Chopra, John V. Leahy, Yann LeCun, Marco Scoffier, Joseph Tracy: w15802
December 2008Trading Frictions and House Price Dynamics
with John Leahy: w14605

Published: Andrew Caplin & John Leahy, 2011. "Trading Frictions and House Price Dynamics," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 283-303, October. citation courtesy of

May 2007The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Bequest and Precautionary Motives
with John Ameriks, Steven Laufer, Stijn Van Nieuwerburgh: w13105
June 2004How Important Is Discrete Adjustment in Aggregate Fluctuations?
with John Leahy
in Growth and Productivity in East Asia, Takatoshi Ito and Andrew K. Rose, editors
May 2004Measuring Self-Control
with John Ameriks, John Leahy, Tom Tyler: w10514

Published: Ameriks, John, Andrew Caplin, John Leahy, and Tom Tyler. "Measuring Self-Control Problems." American Economic Review 97, 3 (June 2007): 966-72.

January 2004The Absent-Minded Consumer
with John Ameriks, John Leahy: w10216
May 2002Wealth Accumulation and the Propensity to Plan
with John Ameriks, John Leahy: w8920

Published: Ameriks, John, Andrew Caplin and John Leahy. "Wealth Accumulation And The Propensity To Plan," Quarterly Journal of Economics, 2003, v118(3,Aug), 1007-1048. citation courtesy of

January 2002Retirement Consumption: Insights from a Survey
with John Ameriks, John Leahy: w8735

Published: John Ameriks & Andrew Caplin & John Leahy, 2007. "Retirement Consumption: Insights from a Survey," The Review of Economics and Statistics, MIT Press, vol. 89(2), pages 265-274, 03. citation courtesy of

October 2000The Social Discount Rate
with John Leahy: w7983

Published: Andrew Caplin & John Leahy, 2004. "The Social Discount Rate," Journal of Political Economy, University of Chicago Press, vol. 112(6), pages 1257-1268, December. citation courtesy of

February 1999Durable Goods Cycles
with John Leahy: w6987
June 1994Mass Layoffs and Unemployment
with John Leahy: w4766

Published: Caplin, Andrew and John Leahy. "Mass Layoffs And Unemployment," Journal of Monetary Economics, 2000, v46(1,Aug), 121-142. citation courtesy of

March 1994The Economics of Adjustment
with John Leahy: w4687

Published: in Rod Cross, ed., "The National Rate of Unemployment", Cambridge University Press, 1995

November 1993Collateral Damage: How Refinancing Constraints Exacerbate Regional Recessions
with Charles Freeman, Joseph Tracy: w4531

Published: Journal of Money, Credit, and Banking, Vol.29, no.4, part 1 (November 1997), pp. 496-516.

July 1987Menu Costs and the Neutrality of Money
with Daniel F. Spulber: w2311

Published: Quarterly Journal of Economics, Vol. 102, no. 4 (1987): 703-726. citation courtesy of

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