Author Page for Andrew B. Abel

1.

An Exploration of the Effects of Pessimism and Doubt on Asset Returns

Downloads 240 (146,568)

Citation 5

2

An Exploration of the Effects of Pessimism and Doubt on Asset Returns

Rodney L. White Center for Financial Research Working Paper No. 20-00

Number of pages: 31 Posted: 12 Mar 2001

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 200 (174,120)

Citation 5

Abstract:

An Exploration of the Effects of Pessimism and Doubt on Asset Returns

NBER Working Paper No. w8132

Number of pages: 30 Posted: 15 Feb 2001 Last Revised: 21 Oct 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 40 (492,035)

Abstract:

2.

The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security

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Citation 55

2

The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security

Number of pages: 32 Posted: 03 Oct 2001

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 197 (176,601)

Citation 20

Abstract:

The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security

NBER Working Paper No. w9210

Number of pages: 33 Posted: 20 Sep 2002 Last Revised: 29 Oct 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 29 (550,364)

Citation 2

Abstract:

3.

Will Bequests Attenuate the Predicted Meltdown in Stock Prices When Baby Boomers Retire?

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Citation 10

2

Will Bequests Attenuate the Predicted Meltdown in Stock Prices When Baby Boomers Retire?

Rodney L. White Center for Financial Research Working Paper No. 19-00

Number of pages: 19 Posted: 12 Mar 2001

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 126 (257,618)

Citation 11

Abstract:

Will Bequests Attenuate the Predicted Meltdown in Stock Prices When Baby Boomers Retire?

NBER Working Paper No. w8131

Number of pages: 18 Posted: 15 Feb 2001 Last Revised: 21 Oct 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 70 (378,857)

Abstract:

4.

Assessing Dynamic Efficiency: Theory and Evidence

NBER Working Paper No. w2097

Number of pages: 41 Posted: 04 Apr 2004 Last Revised: 27 Sep 2010

Andrew B. Abel, N. Gregory Mankiw, Lawrence H. Summers and Richard J. Zeckhauser

University of Pennsylvania - Finance Department, Harvard University - Department of Economics, Harvard University and Harvard University - Harvard Kennedy School (HKS)

Downloads 176 (195,438)

Citation 28

Abstract:

5.

Options, the Value of Capital, and Investment

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Citation 2

2

Options, the Value of Capital, and Investment

NBER Working Paper No. w5227

Number of pages: 43 Posted: 19 Jul 2000 Last Revised: 17 Mar 2008

Andrew B. Abel, Avinash Dixit, Janice C. Eberly and Robert S. Pindyck

University of Pennsylvania - Finance Department, Princeton University - Department of Economics, Northwestern University - Kellogg School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 107 (290,349)

Citation 2

Abstract:

Options, the Value of Capital, and Investment

Rodney L. White Center for Financial Research Working Paper No. 15-95

Posted: 24 Aug 1998

Andrew B. Abel, Avinash Dixit, Janice C. Eberly and Robert S. Pindyck

University of Pennsylvania - Finance Department, Princeton University - Department of Economics, Northwestern University - Kellogg School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

6.

An Intertemporal Model of Saving and Investment

NBER Working Paper No. w0885

Number of pages: 39 Posted: 20 Dec 2001 Last Revised: 31 Dec 2001

Andrew B. Abel and Olivier J. Blanchard

University of Pennsylvania - Finance Department and National Bureau of Economic Research (NBER)

Downloads 99 (304,179)

Citation 1

Abstract:

7.

Optimal Taxation When Consumers Have Benchmark Levels of Consumption

Number of pages: 36 Posted: 03 Oct 2001

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 98 (306,185)

Abstract:

8.

A Unified Model of Investment Under Uncertainty

NBER Working Paper No. w4296

Number of pages: 27 Posted: 18 Oct 2000 Last Revised: 30 Sep 2010

Andrew B. Abel and Janice C. Eberly

University of Pennsylvania - Finance Department and Northwestern University - Kellogg School of Management

Downloads 94 (314,465)

Citation 53

Abstract:

9.

The Present Value of Profits and Cyclical Movements in Investment

NBER Working Paper No. w1122

Number of pages: 53 Posted: 27 Dec 2001 Last Revised: 28 Jul 2010

Andrew B. Abel and Olivier J. Blanchard

University of Pennsylvania - Finance Department and National Bureau of Economic Research (NBER)

Downloads 77 (355,071)

Citation 13

Abstract:

10.

Optimal Investment with Costly Reversibility

NBER Working Paper No. w5091

Number of pages: 54 Posted: 19 Jul 2000 Last Revised: 05 Apr 2008

Andrew B. Abel and Janice C. Eberly

University of Pennsylvania - Finance Department and Northwestern University - Kellogg School of Management

Downloads 70 (374,522)

Citation 49

Abstract:

11.

An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy

NBER Working Paper No. w0726

Number of pages: 42 Posted: 10 Nov 2002 Last Revised: 28 Jun 2010

Andrew B. Abel and Frederic S. Mishkin

University of Pennsylvania - Finance Department and Columbia Business School - Finance and Economics

Downloads 63 (395,760)

Abstract:

12.

Stock Prices Under Time-Varying Dividend Risk: an Exact Solution in an Infinite-Horizon General Equilibrium Model

NBER Working Paper No. w2621

Number of pages: 30 Posted: 04 Jul 2004 Last Revised: 01 Sep 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 61 (402,247)

Citation 13

Abstract:

13.

Asset Prices Under Habit Formation and Catching Up with the Joneses

NBER Working Paper No. w3279

Number of pages: 20 Posted: 28 Dec 2006 Last Revised: 15 Jan 2009

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 57 (415,728)

Citation 65

Abstract:

14.

Consumption and Investment

NBER Working Paper No. w2580

Number of pages: 66 Posted: 26 Jul 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 52 (433,408)

Abstract:

15.

Investment and Sales: Some Empirical Evidence

NBER Working Paper No. w2050

Number of pages: 41 Posted: 08 Jun 2004 Last Revised: 10 Aug 2010

Andrew B. Abel and Olivier J. Blanchard

University of Pennsylvania - Finance Department and National Bureau of Economic Research (NBER)

Downloads 52 (437,051)

Abstract:

16.

Optimal Inattention to the Stock Market with Information Costs and Transactions Costs

NBER Working Paper No. w15010

Number of pages: 41 Posted: 01 Jun 2009 Last Revised: 08 Jul 2010

Andrew B. Abel, Janice C. Eberly and Stavros Panageas

University of Pennsylvania - Finance Department, Northwestern University - Kellogg School of Management and University of California, Los Angeles (UCLA) - Finance Area

Downloads 49 (444,649)

Citation 24

Abstract:

17.

Dynamic Behavior of Capital Accumulation in a Cash-in-Advance Model

NBER Working Paper No. w1549

Number of pages: 28 Posted: 12 Apr 2004 Last Revised: 27 Sep 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 49 (444,649)

Citation 2

Abstract:

18.

The Failure of Ricardian Equivalence Under Progressive Wealth Taxation

NBER Working Paper No. w1983

Number of pages: 17 Posted: 09 Jul 2004

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 48 (448,515)

Citation 1

Abstract:

19.

Risk Premia and Term Premia in General Equilibrium

NBER Working Paper No. w6683

Number of pages: 46 Posted: 12 Nov 1998 Last Revised: 08 May 2000

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 48 (448,515)

Citation 5

Abstract:

20.

An Analytic Framework for Interpreting Investment Regressions in the Presence of Financial Constraints

Downloads 45 (460,512)

2

An Analytic Framework for Interpreting Investment Regressions in the Presence of Financial Constraints

Number of pages: 56 Posted: 09 Apr 2020

Andrew B. Abel and Stavros Panageas

University of Pennsylvania - Finance Department and University of California, Los Angeles (UCLA) - Finance Area

Downloads 39 (496,756)

Abstract:

An Analytic Framework for Interpreting Investment Regressions in the Presence of Financial Constraints

NBER Working Paper No. w26898

Number of pages: 57 Posted: 30 Mar 2020

Andrew B. Abel and Stavros Panageas

University of Pennsylvania - Finance Department and University of California, Los Angeles (UCLA) - Finance Area

Downloads 6 (719,865)

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Abstract:

21.

The Mix and Scale of Factors with Irreversibility and Fixed Costs of Investment

NBER Working Paper No. w6148

Number of pages: 51 Posted: 14 Jun 2000 Last Revised: 06 Apr 2008

Andrew B. Abel and Janice C. Eberly

University of Pennsylvania - Finance Department and Northwestern University - Kellogg School of Management

Downloads 43 (468,897)

Abstract:

22.

A Stochastic Model of Investment, Marginal Q and the Market Value of Thefirm

NBER Working Paper No. w1484

Number of pages: 34 Posted: 09 Mar 2004 Last Revised: 24 Jul 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 40 (481,917)

Citation 1

Abstract:

23.

The Effects of Irreversibility and Uncertainty on Capital Accumulation

Downloads 39 (486,370)

2

The Effects of Irreversibility and Uncertainty on Capital Accumulation

NBER Working Paper No. w5363

Number of pages: 44 Posted: 22 Jun 2000 Last Revised: 24 Sep 2010

Andrew B. Abel and Janice C. Eberly

University of Pennsylvania - Finance Department and Northwestern University - Kellogg School of Management

Downloads 39 (496,756)

Citation 1

Abstract:

The Effects of Irreversibility and Uncertainty on Capital Accumulation

21-95

Posted: 13 Jul 1998

Andrew B. Abel and Janice C. Eberly

University of Pennsylvania - Finance Department and Northwestern University - Kellogg School of Management

Abstract:

24.

Exact Solutions for Expected Rates of Return Under Markov Regime Switching: Implications for the Equity Premium Puzzle

NBER Working Paper No. w4110

Number of pages: 31 Posted: 09 Jan 2007 Last Revised: 30 Sep 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 37 (495,406)

Abstract:

25.

Equity Premia with Benchmark Levels of Consumption: Closed-Form Results

NBER Working Paper No. w12290

Number of pages: 50 Posted: 16 Jun 2006 Last Revised: 02 Aug 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 37 (495,406)

Abstract:

26.

Accelerated Depreciation and the Efficacy of Temporary Fiscal Policy: Implications for an Inflationary Economy

NBER Working Paper No. w0596

Number of pages: 35 Posted: 17 May 2001 Last Revised: 20 Aug 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 35 (509,750)

Abstract:

27.

On the Invariance of the Rate of Return to Convex Adjustment Costs

NBER Working Paper No. w8635

Number of pages: 21 Posted: 13 Feb 2003 Last Revised: 25 Oct 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 34 (514,787)

Abstract:

28.

Optimal Capital Income Taxation

NBER Working Paper No. w13354

Number of pages: 40 Posted: 27 Aug 2007 Last Revised: 29 Jun 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 33 (519,992)

Abstract:

29.

An Exact Soultion for the Investment and Market Value of a Firm Facing Uncertainty, Adjustment Costs, and Irreversibility

NBER Working Paper No. w4412

Number of pages: 26 Posted: 27 Dec 2006 Last Revised: 26 Jul 2010

Andrew B. Abel and Janice C. Eberly

University of Pennsylvania - Finance Department and Northwestern University - Kellogg School of Management

Downloads 33 (514,787)

Citation 4

Abstract:

30.

Inventories, Stock-Outs, and Production Smoothing

NBER Working Paper No. w1563

Number of pages: 23 Posted: 08 Jun 2004

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 33 (514,787)

Citation 3

Abstract:

31.

The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks

NBER Working Paper No. w7739

Number of pages: 46 Posted: 12 Jun 2000 Last Revised: 18 Oct 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 33 (514,787)

Citation 3

Abstract:

32.

Optimal Monetary Growth

NBER Working Paper No. w2136

Number of pages: 20 Posted: 15 Mar 2007

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 31 (525,053)

Citation 1

Abstract:

33.

The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation

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Citation 7

2

The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation

NBER Working Paper No. w6991

Number of pages: 47 Posted: 29 Mar 1999 Last Revised: 12 Oct 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 30 (544,331)

Abstract:

The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation

Rodney L. White Center for Financial Research WP 03-99

Posted: 29 Mar 1999

Andrew B. Abel

University of Pennsylvania - Finance Department

Abstract:

34.

Optimal Debt and Profitability in the Tradeoff Theory

NBER Working Paper No. w21548

Number of pages: 74 Posted: 14 Sep 2015

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 28 (541,700)

Citation 4

Abstract:

35.

Operative Gift and Bequest Motives

NBER Working Paper No. w2331

Number of pages: 23 Posted: 19 Aug 2004

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 28 (541,700)

Citation 1

Abstract:

36.

The Implications of Insurance for the Efficacy of Fiscal Policy

NBER Working Paper No. w2517

Number of pages: 68 Posted: 16 Jul 2004

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 27 (547,440)

Abstract:

37.

Capital Accumulation and Uncertain Lifetimes with Adverse Selection

NBER Working Paper No. w1664

Number of pages: 30 Posted: 06 Apr 2004 Last Revised: 21 Jul 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 27 (547,440)

Citation 2

Abstract:

38.

Does the Consumption of Different Age Groups Move Together? a New Nonparametric Test of Intergenerational Altruism

NBER Working Paper No. w2490

Number of pages: 35 Posted: 06 Apr 2007

Andrew B. Abel and Laurence J. Kotlikoff

University of Pennsylvania - Finance Department and Boston University - Department of Economics

Downloads 26 (553,422)

Abstract:

39.

Specification of the Joy of Giving: Insights from Altruism

NBER Working Paper No. w2154

Number of pages: 23 Posted: 21 Mar 2007

Andrew B. Abel and Mark J. Warshawsky

University of Pennsylvania - Finance Department and Towers Watson

Downloads 26 (553,422)

Abstract:

40.

Fiscal Policy with Impure Intergenerational Altruism

NBER Working Paper No. w2613

Number of pages: 71 Posted: 03 May 2004 Last Revised: 24 Aug 2010

Andrew B. Abel and B. Douglas Bernheim

University of Pennsylvania - Finance Department and Stanford University - Department of Economics

Downloads 26 (553,422)

Abstract:

41.

Bequests and Social Security with Uncertain Lifetimes

NBER Working Paper No. w1372

Number of pages: 42 Posted: 06 Apr 2004

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 26 (553,422)

Abstract:

42.

An Analysis of Fiscal Policy Under Operative and Inoperative Bequest Motives

NBER Working Paper No. w2298

Number of pages: 19 Posted: 18 Aug 2004

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 25 (559,657)

Abstract:

43.

Aggregate Savings in the Presence of Private and Social Insurance

NBER Working Paper No. w1873

Number of pages: 39 Posted: 15 Mar 2004 Last Revised: 16 Aug 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 25 (559,657)

Abstract:

44.

Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption

NBER Working Paper No. w10099

Number of pages: 67 Posted: 17 Nov 2003 Last Revised: 07 Aug 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 25 (559,657)

Citation 3

Abstract:

45.

Birth, Death and Taxes

NBER Working Paper No. w2953

Number of pages: 26 Posted: 29 Dec 2006 Last Revised: 29 Jul 2010

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 18 (605,171)

Abstract:

46.

The Analytics of Investment, Q, and Cash Flow

NBER Working Paper No. w21549

Number of pages: 42 Posted: 14 Sep 2015

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 16 (618,434)

Abstract:

47.

Optimal Management of a Pandemic in the Short Run and the Long Run

NBER Working Paper No. w27742

Number of pages: 27 Posted: 31 Aug 2020

Andrew B. Abel and Stavros Panageas

University of Pennsylvania - Finance Department and University of California, Los Angeles (UCLA) - Finance Area

Downloads 14 (632,529)

Abstract:

48.

Precautionary Saving in a Financially-Constrained Firm

NBER Working Paper No. w26628

Number of pages: 51 Posted: 13 Jan 2020

Andrew B. Abel and Stavros Panageas

University of Pennsylvania - Finance Department and University of California, Los Angeles (UCLA) - Finance Area

Downloads 9 (668,522)

Citation 1

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Abstract:

49.

Crowding Out in Ricardian Economies

NBER Working Paper No. w21550

Number of pages: 32 Posted: 14 Sep 2015

Andrew B. Abel

University of Pennsylvania - Finance Department

Downloads 7 (690,480)

Abstract:

50.

Financing Losers in Competitive Markets

Posted: 27 Oct 1999

Andrew B. Abel and George J. Mailath

University of Pennsylvania - Finance Department and University of Pennsylvania - Department of Economics

Andrew B. Abel

University of Pennsylvania - Finance Department

Ronald A. Rosenfeld Professor of Finance

National Bureau of Economic Research (NBER)

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Scholarly Papers (50)

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An Analytic Framework for Interpreting Investment Regressions in the Presence of Financial Constraints

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Precautionary Saving in a Financially-Constrained Firm

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