Life Cycle Models, Risk Sharing and Household Behaviour

Articles

Modelling the Demand for Housing over the Lifecycle (2012), with Renata Bottazzi, Hamish Low, Lars Neisham and Matt Wakefield. Review of Economic Dynamics. January: 15 (1):10-53.

Do House Prices Drive Consumption Growth? The Coincident Cycles of House Prices and Consumption in the UK (2011), with Andrew Leicester and Matt Wakefield. Journal of the European Economic Association. June: 9 (3): 399–435. See also th Schumpeter lecture delivered at the European Meeting of the Economic Association, Glasgow August. (Slides)

Intertemporal Consumption Choices, Transaction Costs and Limited Participation in Financial Markets (2011), with M. Paiella. Journal of Applied Econometrics. March, 26(2): 322–343.

Changes in Consumption at Retirement (2011), with Emma Aguila and Costas Meghir. Review of Economic Statistics. August, 93(3): 1094–1099.

Risk Sharing in Private Information Models with Asset Accumulation (2011), with Nicola Pavoni. Econometrica. July, 79(4): 1027–1068.

Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy (2010), with Guglielmo Weber. Journal of Economic Literature 48 September: 693–751.

Mexico in the 1990s: the Main Cross Sectional Facts (2010), with Chiara Binelli. Review of Economic Dynamics. January: 13 (1): 238-264.

Booms and Busts: Consumption, house prices and expectations (2009), with Laura Blow, Robert Hamilton, and Andrew Leicester, Economica. February: 76(301): 20-50.

Explaining Changes in Female Labour Supply in a Life-cycle Model (2008), with Hamish Low and Virgina Sanchez-Marcos. American Economic Review. September: 98(4): 1517-52.

Book chapters

The Effects on Consumption and Saving of Taxing Asset Returns (2010), with Matthew Wakefield, in Mirrlees Review, Reforming the tax system for the 21^st century, IFS.

Inequality in Living Standards since 1980: Evidence from Expenditure Data (2010), with Erich Battistin and Mario Padula. The AEI Press, Washington, DC.

From Micro to Macro, from Poor to Rich: Consumption and Income in the UK and the US (2006) , with Erich Battistin and Andrew Leicester. National Poverty Center Conference, The Well-Being of Families and Children as Measured by Consumption Behavior, Washington, DC.

Working papers

The Evolution of Income, Consumption, and Leisure Inequality in The US, 1980-2010, with Erik Hurst and Luigi Pistaferri. NBER Working Paper No. 17982. Draft April 2012.

Modelling Movements in Individual Consumption: A Time Series Analysis of Grouped Data, with Margherita Borrella. Draft September 2011.

Efficient Responses to Targeted Transfers, with Valerie Lechene. Draft March 2011.

The Empirical Implications of Self-Enforceable Contracts; Measuring Sticks and Carrots in Rural México, available soon. Walras-Bowley lecture delivered at the World Congress of the Econometric Society: Shanghai, August 2010. (Slides).