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Individual Consumption Risk and the Welfare Cost of Business Cycles
16 references·15 citing·42 second hop
Individual Consumption Risk and the Welfare Cost of Business Cycles (2007)Individual Consumption Risk and the Welfa…Consumption Risk and the Cross Section of Expected Returns (2005)Consumption Risk and the Cros…Cyclical Dynamics in Idiosyncratic Labor Market Risk (2004)Cyclical Dynamics in Idiosync…Income Variance Dynamics and Heterogeneity (2003)Income Variance Dynamics and …Income variance dynamics and heterogenity (2001)Income variance dynamics and …Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)Risks for the Long Run: A Pot…Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis (1997)Buffer-Stock Saving and the L…Asset Pricing with Heterogeneous Consumers (1996)Asset Pricing with Heterogene…Intertemporal Choice and Inequality (1994)Intertemporal Choice and Ineq…The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence (1992)The Buffer-Stock Theory of Sa…The Effect of Implicit Contracts on the Movement of Wages Over the Business Cycle: Evidence from Micro Data (1991)The Effect of Implicit Contra…Implications of Security Market Data for Models of Dynamic Economies (1991)Implications of Security Mark…Implications of Security Market Data for Models of Dynamic Economies (1990)Implications of Security Mark…Cost of Business Cycles with Indivisibilities and Liquidity Constraints (1989)Cost of Business Cycles with …Models of business cycles (1987)Models of business cyclesReal Wages over the Business Cycle: Evidence from Panel Data (1985)Real Wages over the Business …Dynamic Aspects of Earning Mobility (1978)Dynamic Aspects of Earning Mo…Hysteresis and the welfare costs of recessions (2020)Hysteresis and the welfare co…IDIOSYNCRATIC RISK, AGGREGATE RISK, AND THE WELFARE EFFECTS OF SOCIAL SECURITY (2018)IDIOSYNCRATIC RISK, AGGREGATE…The Asymmetric Experience of Positive and Negative Economic Growth: Global Evidence Using Subjective Well-Being Data (2017)The Asymmetric Experience of …When can expected utility handle first-order risk aversion? (2014)When can expected utility han…The Term Structure of the Welfare Cost of Uncertainty (2014)The Term Structure of the Wel…Macroeconomic volatility and external imbalances (2014)Macroeconomic volatility and …Business cycle uncertainty and economic welfare (2014)Business cycle uncertainty an…On the welfare costs of business-cycle fluctuations and economic-growth variation in the 20th century and beyond (2013)On the welfare costs of busin…UNION POWER, COLLECTIVE BARGAINING, AND OPTIMAL MONETARY POLICY (2012)UNION POWER, COLLECTIVE BARGA…Modelling Income Processes with Lots of Heterogeneity (2010)Modelling Income Processes wi…Matching frictions, unemployment dynamics and the cost of business cycles (2010)Matching frictions, unemploym…Addressing the pro-cyclicality of capital requirements with a dynamic loan loss provision system (2010)Addressing the pro-cyclicalit…Quantitative Macroeconomics with Heterogeneous Households (2009)Quantitative Macroeconomics w…Quantitative Macroeconomics with Heterogeneous Households (2009)Quantitative Macroeconomics w…Incomplete Markets and Aggregate DemandIncomplete Markets and Aggreg…Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Initial conditions and moment restrictions in dynamic panel data models (1998)Inattentive consumers (2006)Consumption Inequality and Partial Insurance (2008)Unequal we stand: An empirical analysis of economic inequality in the United States, 1967–2006 (2009)Asset Prices in an Exchange Economy (1978)Martingales and arbitrage in multiperiod securities markets (1979)Applied Probability and Queues (1987)Investor Psychology and Asset Pricing (2001)Presidential Address: Discount Rates (2011)Income, Saving and the Theory of Consumer Behavior. (1950)A Theory of the Consumption Function (1960)Credit Rationing in Markets with Imperfect Information (1981)The Endogenous Determination of Time Preference (1997)Strategic Asset Allocation (2002)Macroeconomic Expectations of Households and Professional Forecasters (2003)The equity premium: A puzzle (1985)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Value and Momentum Everywhere (2013)… and the Cross-Section of Expected Returns (2015)Agency Costs, Net Worth, And Business Fluctuations (1988)Gross Job Creation, Gross Job Destruction, and Employment Reallocation (1992)Consumption Over the Life Cycle (2002)Consumption and risk sharing over the life cycle (2004)Housing Collateral, Consumption Insurance, and Risk Premia: An Empirical Perspective (2005)Precautionary Saving in the Small and in the Large (1990)A Contribution to the Empirics of Economic Growth (1992)Chapter 21 The financial accelerator in a quantitative business cycle framework (1999)Time Discounting and Time Preference: A Critical Review (2002)On the measurement of inequality (1970)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)Does Income Inequality Lead to Consumption Inequality? Evidence and Theory (2002)INEQUALITY OF OPPORTUNITY IN BRAZIL (2007)Economic Growth and Income Inequality (2019)The Theory of Syndicates (1968)Income and Wealth Heterogeneity in the Macroeconomy (1998)Information and the Change in the Paradigm in Economics (2002)The Macroeconomics of Happiness (2003)The Conditional CAPM and the Cross-Section of Expected Returns (1996)Conditional Skewness in Asset Pricing Tests (2000)
this work references cited by second hop

References

  • 2000Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles4,249 cited
  • 1997Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis1,706 cited
  • 1987Models of business cycles1,509 cited
  • 1996Asset Pricing with Heterogeneous Consumers1,197 cited
  • 1991Implications of Security Market Data for Models of Dynamic Economies1,182 cited
  • 1990Implications of Security Market Data for Models of Dynamic Economies1,088 cited
  • 1992The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence1,060 cited
  • 1994Intertemporal Choice and Inequality803 cited
  • 2004Cyclical Dynamics in Idiosyncratic Labor Market Risk666 cited
  • 2003Income Variance Dynamics and Heterogeneity635 cited
  • 2005Consumption Risk and the Cross Section of Expected Returns581 cited
  • 1991The Effect of Implicit Contracts on the Movement of Wages Over the Business Cycle: Evidence from Micro Data543 cited
  • 1978Dynamic Aspects of Earning Mobility536 cited
  • 1985Real Wages over the Business Cycle: Evidence from Panel Data526 cited
  • 1989Cost of Business Cycles with Indivisibilities and Liquidity Constraints502 cited

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Income variance dynamics and heterogenity
438 cited

Cited by

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  • 2010Modelling Income Processes with Lots of Heterogeneity167 cited
  • 2017The Asymmetric Experience of Positive and Negative Economic Growth: Global Evidence Using Subjective Well-Being Data158 cited
  • 2014Macroeconomic volatility and external imbalances91 cited
  • n.d.Incomplete Markets and Aggregate Demand84 cited
  • 2014Business cycle uncertainty and economic welfare65 cited
  • 2010Matching frictions, unemployment dynamics and the cost of business cycles51 cited
  • 2010Addressing the pro-cyclicality of capital requirements with a dynamic loan loss provision system35 cited
  • 2018IDIOSYNCRATIC RISK, AGGREGATE RISK, AND THE WELFARE EFFECTS OF SOCIAL SECURITY30 cited
  • 2014The Term Structure of the Welfare Cost of Uncertainty24 cited
  • 2014When can expected utility handle first-order risk aversion?19 cited
  • 2013On the welfare costs of business-cycle fluctuations and economic-growth variation in the 20th century and beyond19 cited
  • 2012UNION POWER, COLLECTIVE BARGAINING, AND OPTIMAL MONETARY POLICY18 cited
  • 2020Hysteresis and the welfare costs of recessions11 cited