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“...Projected demographic changes in the U.S. will reduce the share of the working-age population. Analyses based on standard OLG models predict that these changes...”
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Journal Article
by Tomura, Hajime Published in Review of Economic Dynamics (2012)“...This paper introduces asymmetric information into a competitive asset market in a dynamic general-equilibrium model with borrowing constraints. In the presence...”
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Journal Article
by Wakefield, Matthew Low, Hamish Attanasio, Orazio Bottazzi, Renata Nesheim, Lars Patrick Published in Review of Economic Dynamics (2012)“...This paper models individual demand for housing over the life-cycle, and shows the implications of this behaviour for aggregate demand. Individuals delay...”
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Journal Article
“...Firm-level investment is lumpy and volatile but aggregate investment is much smoother and highly serially correlated. These different patterns of investment...”
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Journal Article
by Levine, David Knudsen Published in Review of Economic Dynamics (2012)“...More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production...”
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Journal Article
“...This paper develops a dynamic structural model of migration decisions that is aggregated to describe the behavior of interregional migration. Our structural...”
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Journal Article
“...We show that the aggregate Frisch elasticity of labor supply can greatly exceed the corresponding individual-level parameter, and we illustrate the "anatomy"...”
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Journal Article
by Lu, Shu-shiuan Published in Review of Economic Dynamics (2012)“...The business cycle accounting "wedge" methodology is used to identify the mechanisms driving the rapid growth of Hong Kong, Singapore, South Korea, and Taiwan...”
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Journal Article
by Shimer, Robert Published in Review of Economic Dynamics (2012)“...This paper uses readily accessible aggregate time series to measure the probability that an employed worker becomes unemployed and the probability that an...”
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Journal Article
by Hubar, Sylwia Achury, Carolina Koulovatianos, Christos Published in Review of Economic Dynamics (2012)“...We analytically show that a common across rich/poor individuals Stone-Geary utility function with subsistence consumption in the context of a simple two-asset...”
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Journal Article
by Lockwood, Lee M Published in Review of Economic Dynamics (2012)“...Few retirees annuitize any wealth, a fact that has so far defied explanation within the standard framework of forward-looking, expected utility-maximizing...”
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