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101“...This paper presents stylized facts on labor supply, income, consumption, wealth, and several measures of consumption and income inequality drawn from the...”
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102by Di Giannatale, Sonia B Clementi, Gian Luca Cooley, Thomas F Published in Review of Economic Dynamics (2010)“...We study the problem of an investor that buys an equity stake in an entrepreneurial venture, under the assumption that the former cannot monitor the latter's...”
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103by Kaygusuz, Remzi Published in Review of Economic Dynamics (2010)“...The Economic Recovery Act of 1981 and the Tax Reform Act of 1986 changed the U.S. income tax structure in a dramatic fashion. In particular, these two reforms...”
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104“...This paper presents an analysis of the trends in inequality across income, earnings and consumption in Britain since 1978. It documents the episodic nature of...”
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105“...We study the problem of a firm that faces asymmetric information about the persistent productivity of its potential workers. In our framework, a worker's...”
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106“...It is generally agreed that within long-term relationships agents learn the characteristics of their market partners better than through spot transactions. In...”
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107“...This paper examines an equilibrium model of social memory a society's vicarious beliefs about its past. We show that incorrect social memory is a key...”
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108by Ishihara, Hideko Published in Review of Economic Dynamics (2010)“...In this paper, we study a monetary random-matching model where both goods and money are perfectly divisible, production is costly, and there is no exogenous...”
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109by Lansing, Kevin Joseph Published in Review of Economic Dynamics (2009)“...This paper introduces a form of boundedly-rational inflation expectations in the New Keynesian Phillips curve. The representative agent is assumed to behave as...”
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110by Carceles-Poveda, Eva Published in Review of Economic Dynamics (2009)“...In this paper, we study the quantitative implications of a real business cycle model where the firm is the capital owner, households are heterogeneous, and...”
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111by Scholl, Almuth Published in Review of Economic Dynamics (2009)“...This paper analyzes optimal foreign aid policy in a neoclassical growth framework with a conflict of interest between the donor and the recipient government...”
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112by Yang, Fang Published in Review of Economic Dynamics (2009)“...Micro data over the life cycle show different patterns for consumption for housing and non-housing goods: The consumption profile of non-housing goods is...”
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113“...The standard, representative agent, consumption-based asset pricing theory based on CRRA utility fails to explain the average returns of risky assets. When...”
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114“...This paper considers the long-run distribution of capital holdings in a model with complete asset markets and progressive taxation. Households are assumed to...”
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115by Chambers, Matthew S Garriga, Carlos Schlagenhauf, Don Edward Published in Review of Economic Dynamics (2009)“...The objective of this paper is to understand how loan structure affects (i) the borrower's selection of a mortgage contract and (ii) the aggregate economy. We...”
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116“...This paper studies the effects of financial policy in a model with heterogeneous agents, incomplete markets and portfolio restrictions. For an economy...”
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117“...The development over the past 25 years of methods for the estimation of discrete choice dynamic programming (DCDP) models opened up new frontiers for empirical...”
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118by Wallenius, Johanna Rogerson, Richard Prescott, Edward C Published in Review of Economic Dynamics (2009)“...This paper studies lifetime aggregate labor supply with endogenous workweek length. Such a theory is needed to evaluate various government policies. A key...”
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119“...Extreme market outcomes are often followed by a lack of liquidity and a lack of trade. This market collapse seems particularly acute for derivative markets...”
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120by Temzelides, Ted Published in Review of Economic Dynamics (2009)“...We study bilateral matching under private information about agents' characteristics. Assortative matching is the only equilibrium outcome in the absence of...”