Selected Research Topics in Economics

Readings

• Abowd, J., and D. Card (1989): “On the Covariance Structure of Earn- ings and Hours Changes,” Econometrica, 57(2), 411–445
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• Aguiar, M., and E. Hurst (2005): “Consumption versus Expenditure,” Journal of Political Economy, 113(5), 919–948. (2007): “Life-Cycle Prices and Production,” American Economic Review, 97(5), 1533–1559
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• Alan, S., M. Browning, and M. Ejrnæs (2018): “Income and Con- sumption: A Micro Semistructural Analysis with Pervasive Heterogene- ity,” Journal of Political Economy, forthcoming
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• Altonji, J. G., and L. M. Segal (1996): “Small-Sample Bias in GMM Estimation of Covariance Structures,” Journal of Business and Economic Statistics, 14(3), 353–366
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• Angeletos, G.-M., A. Repetto, J. Tobacman, and S. Weinberg (2001): “The Hyperbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation,” Journal of Economic Perspectives, 15(3), 47–
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• Arellano, M., R. Blundell, and S. Bonhomme (2017): “Earnings and Consumption Dynamics: A Nonlinear Panel Data Framework,” Economet- rica, 85(3), 693–734
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• Attanasio, O., and S. J. Davis (1996): “Relative Wage Movements and the Distribution of Consumption,” Journal of Political Economy, 104(6), 1227–1262
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• Attanasio, O. P., and N. Pavoni (2011): “Risk Sharing in Private Infor- mation Models With Asset Accumulation: Explaining the Excess Smooth- ness of Consumption,” Econometrica, 79(4), 1027–1068
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• Attanasio, O. P., and G. Weber (2010): “Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Pol- icy,” Journal of Economic Literature, 48, 693–751
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• Baker, M. (1997): “Growth-Rate Heterogeneity and the Covariance Struc- ture of Life-Cycle Earnings,” Journal of Labor Economics, 15(2), 338–375
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• Banks, J., R. Blundell, and S. Tanner (1998): “Is There a Retirement- Savings Puzzle?,” American Economic Review, 88(4), 769–788
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• Blundell, R. (2014): “Income Dynamics and Life-Cycle Inequality: Mech- anisms and Controversies,” Economic Journal, 124, 289–318
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• Blundell, R., L. Pistaferri, and I. Preston (2008): “Consumption Inequality and Partial Insurance,” American Economic Review, 98(5), 1887–1921
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• Blundell, R., L. Pistaferri, and I. Saporta-Eksten (2016): “Con- sumption Inequality and Family Labor Supply,” American Economic Re- view, 106(2), 387–435
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• Blundell, R., and I. Preston (1998): “Consumption Inequality and Income Uncertainty,” Quarterly Journal of Economics, 113, 603–640
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• Broer, T. (2013): “The Wrong Shape of Insurance? What Cross-Sectional Distributions Tell Us about Models of Consumption Smoothing,” Ameri- can Economic Journal: Macroeconomics, 5(4), 107–40
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• Browning, M., and M. Ejrnæs (2013): “Heterogeneity in the Dynamics of Labor Earnings,” Annual Review of Economics, 5, 219–245
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• Browning, M., M. Ejrnæs, and J. Alvarez (2010): “Modelling Income Processes with Lots of Heterogeneity,” Review of Economic Studies, 77, 1353–1381
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• Browning, M., and A. Lusardi (1996): “Household Saving: Micro The- ories and Micro Facts,” Journal of Economic Literature, 34(4), 1797–1855
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• Caballero, R. J. (1990): “Consumption puzzles and precautionary sav- ings,” Journal of Monetary Economics, 25(1), 113–136
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• (1991): “Earnings Uncertainty and Aggregate Wealth Accumula- tion,” American Economic Review, 81(4), 859–871
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• Campbell, J., and A. Deaton (1989): “Why is Consumption So Smooth?,” Review of Economic Studies, 56(3), 357–373
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• Carroll, C. D. (1992): “The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence,” Brookings Papers on Economic Activity, 2, 61–
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• (1997): “Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis,” Quarterly Journal of Economics, 112, 1–55
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• (2006): “The method of endogenous gridpoints for solving dynamic stochastic optimization problems,” Economics Letters, 91, 312–320
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• Chetty, R., and A. Szeidl (2007): “Consumption Commitments and Risk Preferences,” Quarterly Journal of Economics, 122(2), 831–877
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• Chiappori, P.-A., and M. Mazzocco (2017): “Static and Intertemporal Household Decisions,” Journal of Economic Literature, 55(3), 985–1045)
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• Cochrane, J. H. (1989): “The Sensitivity of Tests of the Intertempo- ral Allocation of Consumption to Near-Rational Alternatives,” American Economic Review, 79(3), 319–337
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• (1991): “A Simple Test of Consumption Insurance,” Journal of Political Economy, 99(5), 957–976
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• Commault, J. (2018): “How Does Consumption Respond to a Transitory Income Shock? Reconciling Natural Experiments and Semi-Structural Es- timations,” Mimeo
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• Daly, M., D. Hryshko, and I. Manovskii (2016): “Improving the Mea- surement of Earnings Dynamics,” NBER Working Paper # 22938
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• De Nardi, M., E. French, and J. B. Jones (2010): “Why Do the El- derly Save? The Role of Medical Expenses,” Journal of Political Economy, 118(1), 39–75
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• Deaton, A. (1991): “Saving and Liquidity Constraints,” Econometrica, 59, 1121–1248
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• Deaton, A., and C. Paxson (1994): “Intertemporal Choice and Inequal- ity,” Journal of Political Economy, 102(3), 437–467
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• Druedahl, J., and T. H. Jørgensen (2018): “Can Consumers Distin- guish Persistent from Transitory Income Shocks?,” Mimeo
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• Galindev, R., and D. Lkhagvasuren (2010): “Discretization of highly persistent correlated AR(1) shocks,” Journal of Economic Dynamics and Control, 34(7), 1260–1276
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• GeorgeTauchen (1986): “Finite state markov-chain approximations to univariate and vector autoregressions,” Economics Letters, 20(2), 177–181
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• Gourinchas, P.-O., and J. Parker (2002): “Consumption Over the Life Cycle,” Econometrica, 70, 47–89
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• (2009): “An Empirical Investigation of Labor Income Processes,” Review of Economic Dynamics, 12(1), 58–79
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• Guvenen, F., F. Karahan, S. Ozcan, and J. Song (2015): “What Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?,” Federal Reserve Bank of New York, Staff Report # 710
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• Guvenen, F., S. Ozcan, and J. Song (2014): “The Nature of Counter- cyclical Income Risk,” Journal of Political Economy, 122(3), 621–660
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• Guvenen, F., and A. A. Smith (2014): “Inferring Labor Income Risk and Partial Insurance From Economic Choices,” Econometrica, 82(6), 2085–
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• Hall, R. E. (1978): “Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence,” Journal of Political Economy, 86(6), 971–987
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• Hall, R. E., and F. S. Mishkin (1982): “The Sensitivity of Consump- tion to Transitory Income: Estimates from Panel Data on Households,” Econometrica, 50(2), 461–481
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• Han, C., and P. C. B. Phillips (2010): “GMM Estimation for Dynamic Panels with Fixed Effects and Strong Instruments at Unity,” Econometric Theory, 26, 119–151
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• Hayashi, F., J. Altonji, and L. Kotlikoff (1996): “Risk-Sharing be- tween and within Families,” Econometrica, 64(2), 261–294
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• Heathcote, J., K. Storesletten, and G. L. Violante (2014): “Con- sumption and Labor Supply with Partial Insurance: An Analytical Frame- work,” American Economic Review, 104(7), 2075–2126
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• Hryshko, D. (2012): “Labor Income Profiles Are Not Heterogeneous: Evi- dence From Income Growth Rates,” Quantitative Economics, 3, 177–209. (2014): “Correlated Income Shocks and Excess Smoothness of Con- sumption,” Journal of Economic Dynamics and Control, 48, 41–62
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• Hryshko, D., M. J. Luengo-Prado, and B. E. Sorensen (2011): “House Prices and Risk Sharing,” Journal of Monetary Economics, 57(8), 975–987
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• Hryshko, D., and I. Manovskii (2016): “How Much Consumption In
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