NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



SUMMER INSTITUTE 2000



AGGREGATE IMPLICATIONS OF MICROECONOMIC CONSUMPTION BEHAVIOR

Orazio Attanasio, Christopher Carroll, and Jose-Victor Rios-Rull, Organizers



Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts



July 24 - July 28, 2000



PRELIMINARY PROGRAM



MONDAY JULY, 24:



12:00 N Lunch



1:00 PM ERIC FRENCH, Federal Reserve Bank of Chicago

The Effects of Health, Wealth, and Wages on Labor Supply and Retirement



2:15 PM Break



2:30 PM MILES KIMBALL and SUSANTU BASU, University of Michigan and NBER

Long Run Labour Supply and the Elasticity of Intertemporal

Substitution of Consumption



3:45 PM Break



4:00 PM JENNIFER PLANTINA and DONALD SCHLAGENHAUF,

Florida State University

Housing and Asset Holding in a Dynamic General Equilibrium Model



5:15 PM Adjourn



TUESDAY JULY, 25:



12:00 N Lunch



1:00 PM PER KRUSELL, University of Rochester and NBER

Overheating



2:15 PM Break







SI00 EFACR program

Page two



2:30 PM CHRISTOPHER CARROLL, Johns Hopkins University and NBER

Risky Habits and the Marginal Propensity to Consume out of

Permanent Income



3:45 PM Break



4:00 PM ARIE KAPTEYN, University of Tilburg

Saving and Reference Groups



5:15 PM Adjourn







WEDNESDAY, JULY 26:



12:00 N Lunch



1:00 PM DIEGO RESTUCCIA, University of Toronto

Intergenerational Persistence of Income: Sources and Policy



2:15 PM Break



2:30 PM ERIK HURST, University of Chicago

KERWIN KOFI CHARLES, University of Michigan

The Correlation of Wealth Across Generations



3:45 PM Break



4:00 PM ORAZIO ATTANASIO, University College, London and NBER

RICHARD BLUNDELL, and IAN PRESTON, University College, London

GABRIELLA BERLOFFA, University of Trento

Form Wage Inequality to Consumption Inequality: Tracking Shocks



5:15 PM Adjourn



6:00 PM Clambake

Harvard Faculty Club

20 Quincy Street

Cambridge, MA



THURSDAY, JULY 27:



12:00 N Lunch







SI00 EFACR program

Page three



1:00 PM S.CHATTERJEE, Federal Reserve Bank of Philadelphia

DEAN.CORBEA, University of Pittsburgh

M. NAKAJIMA and JOSE-VICTOR RIOS-RULL, University of Pennsylvania

Bankruptcy and Credit Cards: Quantitative Theory



2:15 PM Break



2:30 PM DEAN MAKI and ANDREAS LENHERT, Federal Reserve Board

The Great American Debtor



3:45 PM Break



4:00 PM KAREN DYNAN and DEAN MAKI, Federal Reserve Board

Does Stock Market Wealth Matter for Consumption



5:15 PM Adjourn



FRIDAY, JULY 28:



12:00 N Lunch



1:00 PM MASAO OGAKI and QIANG ZHANG, Ohio State University

Decreasing Relative Risk Aversion and Risk Sharing



2:15 PM Break



2:30 PM LUIGI GUISO, University of Sassari

MONICA PAIELLA, University College of London and Bank of Italy

Risk Aversion, Wealth and Financial Imperfections



3:15 PM Break



4:00 PM ANNA MARIA LUSARDI, Dartmouth College

ERIK HURST, University of Chicago

Entrepreneurship



5:15 PM Adjourn





7/5/00