NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
SUMMER INSTITUTE 2003
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 21-25, 2003
PRELIMINARY PROGRAM
MONDAY,
JULY 21:
12:00 N Lunch
1:00 PM SUMIT AGARWAL and CHUNLIN LIU, FleetBoston Financial
DAVID JOHNSON, Bureau
of Labor Statistics
JONATHAN PARKER,
Princeton University and NBER
NICHOLAS SOULELES,
University of Pennsylvania and NBER
The Response of
Consumer Spending and Debt to Tax Rebates:
Evidence from
the CEX and the Household Credit Accounts
2:00 PM Break
2:15 PM DAVID
DOMEIJ and MAGNUS JOHANNESSON, Stockholm School of Economics
Consumption and Health
3:15 PM CLARE
KELLY, University of Warwick
LANOT GAUTHIER, Keele
University
Consumption Patterns
Over Pay Periods
4:15 PM Adjourn
TUESDAY, JULY 22:
12:00 N Lunch
1:00 PM JOSE-VICTOR
RIOS-RULL, University of Pennsylvania and NBER
JAY HONG, University of
Pennsylvania
Life Insurance and
the Value of Wives
2:00 PM Break
2:15 PM PATRICIA
APPS, University of Sydney
RAY REES, Australian
National University
Life Cycle Time
Allocation and Saving in an Imperfect Capital Market
3:15 PM NICHOLA
FUCHS and MATTHIAS SCHUENDELN, Yale University
Precautionary
Savings and Self-Selection-Evidence from the
German Reunification
'Experiment'
4:15 PM Adjourn
WEDNESDAY, JULY 23:
12:00 N Lunch
1:00 PM ORAZIO
ATTANASIO, University College London and NBER
HAMISH LOW, Cambridge
University
VIRGINIA SANCHEZ,
Universidad de Cantabria
Explaining Changes in Female Labor Supply
in a Life-Cycle Model
2:00 PM Break
2:15 PM
FILIPPO ALTISSIMO, European Central Bank
PAOLO ZAFFARONI, Banca d'Italia
Towards
Understanding the Relationship Between Aggregate Fluctuations
and Individual
Heterogeneity
3:15 PM JONATHAN
HEATHCOTE, Georgetown University
KJETIL STORESLETTEN,
University of Oslo
GIOVANNI VIOLANTE, New
York University
The Macroeconomic
Implications of Rising Wage Inequality in the US
4:15 PM Adjourn
6:00 PM Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA
THURSDAY, JULY 24:
12:00 N Lunch
1:00 PM M.
FATIH GUVENEN, University of Rochester
A Parsimonious
Macroeconomic Model for Asset Pricing:
Habit Formation or
Cross-Sectional Heterogeneity?
2:00 PM Break
2:15 PM BRIAN
PETERSON, Indiana University
Aggregate
Uncertainty, Individual Uncertainty, and the Housing Market
3:15 PM BURCU
DUYGAN, The World Bank
Analyzing Durable
Goods Purchases and Idiosyncratic Income Uncertainty
4:15 PM Adjourn
FRIDAY, JULY 25:
12:00 N Lunch
1:00 PM VINCENZO
QUADRINI, New York University and NBER
Uninsurable
Investment Risks
2:00 PM Break
2:15 PM WENDY
EDELBERG, University of Chicago
Risk-Based Pricing
of Interest Rates in Consumer Loan Markets
3:15 PM EVA
CARCELES-POVEDA, SUNY Stony Brook
Capital Ownership
Under Market Incompleteness: Does It Matter?
4:15 PM Adjourn
6/24/03