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The Welfare Cost of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk
9 references·8 citing·49 second hop
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References

  • 1998Income and Wealth Heterogeneity in the Macroeconomy2,299 cited
  • 1987Models of business cycles1,509 cited
  • 1995Frontiers of Business Cycle Research1,154 cited
  • 1994Intertemporal Choice and Inequality803 cited
  • 1986On the Covariance Structure of Earnings and Hours Changes594 cited
  • 2010Evaluating the effects of incomplete markets on risk sharing nad asset pricing586 cited
  • 1989Cost of Business Cycles with Indivisibilities and Liquidity Constraints502 cited
  • 1994The importance of precautionary motives in explaining individual and aggregate saving465 cited
  • 1998Exploring the income distribution business cycle dynamics162 cited

Cited by

  • 2009Quantitative Macroeconomics with Heterogeneous Households194 cited
  • 2006The Short- and Long-Term Career Effects of Graduating in a Recession: Hysteresis and Heterogeneity in the Market for College Graduates186 cited
  • 2009Wage Risk and Employment Risk over the Life Cycle77 cited
  • 2004The Cost of Business Cycles and the Benefits of Stabilization: A Survey55 cited
  • 2010Counter-cyclical Economic Policy34 cited
  • 2003The Cost of Business Cycles Under Endogenous Growth

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21 cited
  • 2009The Macroeconomic Effects of Losing Autonomous Monetary Policy after the Euro Adoption in Poland19 cited
  • 2007Are the Costs of the Business Cycle 'Trivially Small'? Lucas's Calculus of Hardship and Chooser-Dependent, Non-Expected Utility Preferences0 cited