Motohiro Yogo

Princeton University - Department of Economics

Professor of Economics

Julis Romo Rabinowitz Building

Princeton, NJ 08544

United States

http://sites.google.com/site/motohiroyogo/

National Bureau of Economic Research

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Princeton University - Department of Economics

SCHOLARLY PAPERS

31

DOWNLOADS
Rank 926

SSRN RANKINGS

Top 926

in Total Papers Downloads

36,003

SSRN CITATIONS
Rank 136

SSRN RANKINGS

Top 136

in Total Papers Citations

1,848

CROSSREF CITATIONS

2,623

Ideas:
“  Asset pricing and Insurance  ”

  • Princeton University - Department of Economics

Scholarly Papers (31)

Actions:
Email selected abstracts
1.

A Demand System Approach to Asset Pricing

Downloads 4,771 ( 2,409)
Citation 78

A Demand System Approach to Asset Pricing

Journal of Political Economy, Vol. 127, No. 4, 2019
Number of pages: 62 Posted: 14 Dec 2014 Last Revised: 21 Jun 2019
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 4,678 (2,458)
Citation 56

Abstract:

Loading...

Asset pricing model, Demand system, Institutional investors, Liquidity, Portfolio choice

A Demand System Approach to Asset Pricing

NBER Working Paper No. w21749
Number of pages: 63 Posted: 23 Nov 2015 Last Revised: 06 Jun 2021
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 93 (358,713)
Citation 26

Abstract:

Loading...

2.

What Does Futures Market Interest Tell Us about the Macroeconomy and Asset Prices?

Downloads 4,090 ( 3,144)
Citation 92

What Does Futures Market Interest Tell Us about the Macroeconomy and Asset Prices?

Journal of Financial Economics (JFE), Vol. 105, No. 3, 2012, AFA 2010 Atlanta Meetings Paper
Number of pages: 46 Posted: 22 Mar 2009 Last Revised: 24 Jun 2012
Harrison G. Hong and Motohiro Yogo
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Princeton University - Department of Economics
Downloads 3,997 (3,219)
Citation 13

Abstract:

Loading...

Bonds, Business cycle, Commodities, Currencies, Futures market, Inflation

What Does Futures Market Interest Tell Us About the Macroeconomy and Asset Prices?

NBER Working Paper No. w16712
Number of pages: 47 Posted: 24 Jan 2011 Last Revised: 01 Sep 2021
Harrison G. Hong and Motohiro Yogo
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Princeton University - Department of Economics
Downloads 93 (358,713)
Citation 31

Abstract:

Loading...

3.

Shadow Insurance

Downloads 3,428 ( 4,234)
Citation 28

Shadow Insurance

Econometrica, Vol. 84, No. 3, 2016, Swiss Finance Institute Research Paper No. 14-64
Number of pages: 50 Posted: 06 Sep 2013 Last Revised: 19 May 2016
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 3,363 (4,280)
Citation 7

Abstract:

Loading...

Capital regulation, Demand estimation, Life insurance industry, Regulatory arbitrage, Reinsurance

Shadow Insurance

NBER Working Paper No. w19568
Number of pages: 51 Posted: 25 Oct 2013 Last Revised: 20 Dec 2021
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 65 (442,585)
Citation 22

Abstract:

Loading...

4.

Which Investors Matter for Equity Valuations and Expected Returns?

Downloads 2,998 ( 5,343)
Citation 5

Which Investors Matter for Equity Valuations and Expected Returns?

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-92, NYU Stern School of Business
Number of pages: 68 Posted: 28 Jun 2019 Last Revised: 31 Aug 2021
Ralph S. J. Koijen, Robert Richmond and Motohiro Yogo
University of Chicago - Booth School of Business, New York University (NYU) - Department of Finance and Princeton University - Department of Economics
Downloads 2,988 (5,269)
Citation 3

Abstract:

Loading...

Which Investors Matter for Equity Valuations and Expected Returns?

NBER Working Paper No. w27402
Number of pages: 54 Posted: 22 Jun 2020 Last Revised: 18 Nov 2021
Ralph S. J. Koijen, Robert Richmond and Motohiro Yogo
University of Chicago - Booth School of Business, New York University (NYU) - Department of Finance and Princeton University - Department of Economics
Downloads 8 (782,486)
Citation 2
  • Add to Cart

Abstract:

Loading...

Which Investors Matter for Equity Valuations and Expected Returns?

Number of pages: 56 Posted: 16 Jun 2020
Ralph S. J. Koijen, Robert Richmond and Motohiro Yogo
University of Chicago - Booth School of Business, New York University (NYU) - Department of Finance and Princeton University - Department of Economics
Downloads 2 (837,403)
  • Add to Cart

Abstract:

Loading...

5.

Testing for Weak Instruments in Linear IV Regression

Downloads 2,948 ( 5,484)
Citation 698

Testing for Weak Instruments in Linear IV Regression

IDENTIFICATION AND INFERENCE FOR ECONOMETRIC MODELS: ESSAYS IN HONOR OF THOMAS ROTHENBERG, 2005
Number of pages: 48 Posted: 07 Jan 2011 Last Revised: 31 Jul 2013
James H. Stock and Motohiro Yogo
Harvard University - Department of Economics and Princeton University - Department of Economics
Downloads 2,641 (6,441)
Citation 76

Abstract:

Loading...

Testing for Weak Instruments in Linear IV Regression

NBER Working Paper No. t0284
Number of pages: 73 Posted: 02 Apr 2003 Last Revised: 13 Oct 2021
James H. Stock and Motohiro Yogo
Harvard University - Department of Economics and Princeton University - Department of Economics
Downloads 307 (128,620)
Citation 373

Abstract:

Loading...

6.

Efficient Tests of Stock Return Predictability

Downloads 1,998 ( 10,311)
Citation 200

Efficient Tests of Stock Return Predictability

Journal of Financial Economics (JFE), Vol. 81, No. 1, 2006
Number of pages: 56 Posted: 23 Oct 2002 Last Revised: 17 Jun 2009
John Y. Campbell and Motohiro Yogo
Harvard University - Department of Economics and Princeton University - Department of Economics
Downloads 1,850 (11,451)
Citation 32

Abstract:

Loading...

Bonferroni test, Dividend yield, Predictability, Stock returns, Unit root

Efficient Tests of Stock Return Predictability

NBER Working Paper No. w10026
Number of pages: 57 Posted: 14 Oct 2003 Last Revised: 25 Nov 2021
John Y. Campbell and Motohiro Yogo
Harvard University - Department of Economics and Princeton University - Department of Economics
Downloads 148 (256,108)
Citation 36

Abstract:

Loading...

7.

Inspecting the Mechanism of Quantitative Easing in the Euro Area

Downloads 1,978 ( 10,473)
Citation 33

Inspecting the Mechanism of Quantitative Easing in the Euro Area

Journal of Financial Economics (JFE), Vol. 140, No. 1, 2021, University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-100, Banque de France Working Paper No. 601
Number of pages: 46 Posted: 09 Sep 2016 Last Revised: 06 Mar 2021
Ralph S. J. Koijen, Francois Koulischer, Benoît Nguyen and Motohiro Yogo
University of Chicago - Booth School of Business, University of Luxembourg, Banque de France and Princeton University - Department of Economics
Downloads 1,956 (10,465)
Citation 27

Abstract:

Loading...

Portfolio Rebalancing, Quantitative Easing, Risk Concentration, Unconventional monetary policy

Inspecting the Mechanism of Quantitative Easing in the Euro Area

NBER Working Paper No. w26152
Number of pages: 47 Posted: 20 Aug 2019 Last Revised: 17 Dec 2021
Ralph S. J. Koijen, Francois Koulischer, Benoît Nguyen and Motohiro Yogo
University of Chicago - Booth School of Business, University of Luxembourg, Banque de France and Princeton University - Department of Economics
Downloads 22 (665,879)

Abstract:

Loading...

Inspecting the Mechanism of Quantitative Easing in the Euro Area

Number of pages: 48 Posted: 20 Aug 2019
Ralph S. J. Koijen, Francois Koulischer, Benoît Nguyen and Motohiro Yogo
University of Chicago - Booth School of Business, University of Luxembourg, Banque de France and Princeton University - Department of Economics
Downloads 0
Citation 9
  • Add to Cart

Abstract:

Loading...

8.

The Fragility of Market Risk Insurance

Downloads 1,624 ( 14,348)
Citation 3

The Fragility of Market Risk Insurance

Becker Friedman Institute for Research in Economics Working Paper No. 2018-9
Number of pages: 60 Posted: 24 May 2017 Last Revised: 01 Jul 2021
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 1,574 (14,799)
Citation 5

Abstract:

Loading...

COVID-19 crisis, Global financial crisis, Life insurance industry, Minimum return guarantees, Risk-based capital regulation, Variable annuity

The Fragility of Market Risk Insurance

NBER Working Paper No. w24182
Number of pages: 59 Posted: 09 Jan 2018 Last Revised: 30 Jul 2021
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 50 (502,230)

Abstract:

Loading...

The Fragility of Market Risk Insurance

Number of pages: 47 Posted: 08 Jan 2018
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 0
  • Add to Cart

Abstract:

Loading...

9.

The Cost of Financial Frictions for Life Insurers

Downloads 1,594 ( 14,748)
Citation 75

The Cost of Financial Frictions for Life Insurers

American Economic Review, Vol. 105, No. 1, 2015, Chicago Booth Research Paper No. 12-30, Fama-Miller Working Paper
Number of pages: 42 Posted: 31 Mar 2012 Last Revised: 13 Nov 2014
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 1,551 (15,149)
Citation 11

Abstract:

Loading...

Annuities, Capital regulation, Financial crisis, Leverage, Life insurance

The Cost of Financial Frictions for Life Insurers

NBER Working Paper No. w18321
Number of pages: 43 Posted: 18 Aug 2012 Last Revised: 23 Jan 2022
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 43 (535,361)
Citation 38

Abstract:

Loading...

10.

Exchange Rates and Asset Prices in a Global Demand System

Downloads 1,401 ( 18,011)
Citation 4

Exchange Rates and Asset Prices in a Global Demand System

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-91
Number of pages: 53 Posted: 18 Jun 2019 Last Revised: 02 Jun 2020
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 1,395 (17,794)
Citation 2

Abstract:

Loading...

Asset demand system, Asset pricing, Foreign exchange reserves, Monetary policy, Portfolio choice

Exchange Rates and Asset Prices in a Global Demand System

NBER Working Paper No. w27342
Number of pages: 54 Posted: 09 Jun 2020 Last Revised: 18 Nov 2021
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 6 (799,875)
  • Add to Cart

Abstract:

Loading...

Exchange Rates and Asset Prices in a Global Demand System

Number of pages: 56 Posted: 16 Jun 2020
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 0
Citation 3
  • Add to Cart

Abstract:

Loading...

11.

Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets

Downloads 1,128 ( 24,853)
Citation 45

Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets

Journal of Monetary Economics, Vol. 80, 2016, Boston College Center for Retirement Research Working Paper No. 2009-3, AFA 2009 San Francisco Meetings Paper
Number of pages: 40 Posted: 06 Mar 2008 Last Revised: 19 May 2016
Motohiro Yogo
Princeton University - Department of Economics
Downloads 1,080 (26,055)
Citation 7

Abstract:

Loading...

Aging, Asset allocation, Life-cycle model, Medical expenditure, Saving

Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets

NBER Working Paper No. w15307
Number of pages: 41 Posted: 08 Sep 2009 Last Revised: 30 Oct 2021
Motohiro Yogo
Princeton University - Department of Economics
Downloads 48 (511,335)
Citation 18

Abstract:

Loading...

12.

Risk of Life Insurers: Recent Trends and Transmission Mechanisms

Downloads 966 ( 31,039)
Citation 6

Risk of Life Insurers: Recent Trends and Transmission Mechanisms

The Economics, Regulation, and Systemic Risk of Insurance Markets, 2017
Number of pages: 30 Posted: 21 Sep 2015 Last Revised: 15 Jan 2017
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 892 (34,207)
Citation 1

Abstract:

Loading...

Derivatives, Reinsurance, Securities lending, Shadow insurance, Systemic risk, Variable annuities

Risk of Life Insurers: Recent Trends and Transmission Mechanisms

NBER Working Paper No. w23365
Number of pages: 31 Posted: 01 May 2017 Last Revised: 05 Nov 2021
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 74 (412,192)
Citation 5

Abstract:

Loading...

13.

Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice

Downloads 920 ( 33,279)
Citation 21

Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice

Journal of Finance, Vol. 71, No. 2, 2016, Netspar Discussion Paper No. 05/2011-050, Chicago Booth Research Paper No. 11-34, Fama-Miller Working Paper, NYU Working Paper No. FIN-11-055
Number of pages: 63 Posted: 10 May 2011 Last Revised: 24 Dec 2015
Ralph S. J. Koijen, Stijn Van Nieuwerburgh and Motohiro Yogo
University of Chicago - Booth School of Business, Columbia University Graduate School of Business and Princeton University - Department of Economics
Downloads 885 (34,556)
Citation 3

Abstract:

Loading...

Annuities, Health insurance, Life-cycle model, Life insurance, Portfolio choice

Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice

NBER Working Paper No. w17325
Number of pages: 64 Posted: 29 Aug 2011
Ralph S. J. Koijen, Stijn Van Nieuwerburgh and Motohiro Yogo
University of Chicago - Booth School of Business, Columbia University Graduate School of Business and Princeton University - Department of Economics
Downloads 35 (578,273)
Citation 4

Abstract:

Loading...

14.

A Note on Liquidity Risk Management

Downloads 885 ( 35,072)
Citation 17

A Note on Liquidity Risk Management

American Economic Review, Vol. 99, No. 2, 2009
Number of pages: 13 Posted: 19 Jan 2009 Last Revised: 17 Jun 2009
Markus K. Brunnermeier and Motohiro Yogo
Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 797 (40,036)
Citation 4

Abstract:

Loading...

Funding liquidity, Hedging, Maturity structure, Risk management

A Note on Liquidity Risk Management

NBER Working Paper No. w14727
Number of pages: 14 Posted: 17 Feb 2009 Last Revised: 07 Oct 2021
Markus K. Brunnermeier and Motohiro Yogo
Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 88 (371,534)
Citation 1

Abstract:

Loading...

15.

Measuring Business Cycles: A Wavelet Analysis of Economic Time Series

Economics Letters, Vol. 100, No. 2, 2008
Number of pages: 11 Posted: 16 Apr 2008 Last Revised: 07 Jan 2011
Motohiro Yogo
Princeton University - Department of Economics
Downloads 775 (42,126)

Abstract:

Loading...

Band-pass filter, Business cycle, Linear filter, Trend, Wavelets

16.

Durability of Output and Expected Stock Returns

Downloads 728 ( 45,825)
Citation 56

Durability of Output and Expected Stock Returns

Journal of Political Economy, Vol. 117, No. 5, 2009, AFA 2008 New Orleans Meetings Paper
Number of pages: 63 Posted: 20 Mar 2007 Last Revised: 01 Nov 2009
Joao F. Gomes, Leonid Kogan and Motohiro Yogo
The Wharton School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 663 (51,185)

Abstract:

Loading...

Cash flow, Durable goods, Factor-mimicking portfolio, Input-output accounts, Stock returns

Durability of Output and Expected Stock Returns

NBER Working Paper No. w12986
Number of pages: 65 Posted: 23 Mar 2007 Last Revised: 27 Jun 2021
Joao F. Gomes, Leonid Kogan and Motohiro Yogo
The Wharton School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 65 (442,585)
Citation 11

Abstract:

Loading...

17.

Luxury Goods and the Equity Premium

Downloads 692 ( 49,062)
Citation 45

Luxury Goods and the Equity Premium

Journal of Finance, Vol. 59, No. 6, 2004
Number of pages: 60 Posted: 19 May 2003 Last Revised: 17 Jun 2009
Yacine Ait-Sahalia, Jonathan A. Parker and Motohiro Yogo
Princeton University - Department of Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 592 (59,316)
Citation 45

Abstract:

Loading...

Asset pricing, Consumption, Equity premium puzzle, Portfolio choice

Luxury Goods and the Equity Premium

NBER Working Paper No. w8417
Number of pages: 47 Posted: 17 Oct 2005 Last Revised: 23 Oct 2010
Yacine Ait-Sahalia, Jonathan A. Parker and Motohiro Yogo
Princeton University - Department of Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 100 (342,135)

Abstract:

Loading...

18.

Why Do Household Portfolio Shares Rise in Wealth?

Downloads 550 ( 65,839)
Citation 69

Why Do Household Portfolio Shares Rise in Wealth?

Review of Financial Studies, Vol. 23, No. 11, 2010, AFA 2008 New Orleans Meetings Paper
Number of pages: 57 Posted: 16 Mar 2007 Last Revised: 13 Dec 2011
Jessica A. Wachter and Motohiro Yogo
University of Pennsylvania - Finance Department and Princeton University - Department of Economics
Downloads 518 (70,207)
Citation 10

Abstract:

Loading...

Decreasing relative risk aversion, Engel curves, Life-cycle model, Nonhomothetic utility, Portfolio choice

Why Do Household Portfolio Shares Rise in Wealth?

NBER Working Paper No. w16316
Number of pages: 58 Posted: 30 Aug 2010 Last Revised: 31 Jan 2021
Jessica A. Wachter and Motohiro Yogo
University of Pennsylvania - Finance Department and Princeton University - Department of Economics
Downloads 32 (595,775)
Citation 19

Abstract:

Loading...

19.

Does Firm Value Move Too Much to Be Justified By Subsequent Changes in Cash Flow?

Downloads 536 ( 68,011)
Citation 66

Does Firm Value Move Too Much to Be Justified By Subsequent Changes in Cash Flow?

Journal of Financial Economics (JFE), Vol. 87, No. 1, 2008
Number of pages: 55 Posted: 04 Mar 2006 Last Revised: 17 Jun 2009
Borja Larrain and Motohiro Yogo
Pontificia Universidad Catolica de Chile and Princeton University - Department of Economics
Downloads 469 (79,309)

Abstract:

Loading...

Asset valuation, Excess volatility, Payout policy, Valuation ratio

Does Firm Value Move Too Much to Be Justified by Subsequent Changes in Cash Flow?

NBER Working Paper No. w12847
Number of pages: 56 Posted: 20 Jan 2007 Last Revised: 09 Aug 2021
Borja Larrain and Motohiro Yogo
Pontificia Universidad Catolica de Chile and Princeton University - Department of Economics
Downloads 67 (435,450)
Citation 12

Abstract:

Loading...

20.

Does School Quality Matter? Returns to Education and the Characteristics of Schools in South Africa

Downloads 334 (118,184)
Citation 7

Does School Quality Matter? Returns to Education and the Characteristics of Schools in South Africa

Number of pages: 43 Posted: 30 Nov 1999
Anne Case and Motohiro Yogo
Princeton University - Research Program in Development Studies and Princeton University - Department of Economics
Downloads 238 (167,002)
Citation 2

Abstract:

Loading...

Does School Quality Matter? Returns to Education and the Characteristics of Schools in South Africa

NBER Working Paper No. w7399
Number of pages: 48 Posted: 16 Aug 2000 Last Revised: 20 Sep 2021
Anne Case and Motohiro Yogo
Princeton University - Research Program in Development Studies and Princeton University - Department of Economics
Downloads 96 (351,486)
Citation 1

Abstract:

Loading...

21.

Asset Prices Under Habit Formation and Reference-Dependent Preferences

Journal of Business and Economic Statistics, Vol. 26, No. 2, 2008
Number of pages: 43 Posted: 16 Apr 2006 Last Revised: 17 Jun 2009
Motohiro Yogo
Princeton University - Department of Economics
Downloads 281 (141,933)
Citation 3

Abstract:

Loading...

Asset pricing, Consumption, Equity premium, Habit formation, Loss aversion

22.

Leverage Dynamics and Credit Quality

Journal of Economic Theory, Vol. 183, 2019
Number of pages: 40 Posted: 08 May 2013 Last Revised: 19 Jun 2019
Guillermo Ordoñez, David Perez-Reyna and Motohiro Yogo
University of Pennsylvania - Department of Economics, Universidad de los Andes, Colombia and Princeton University - Department of Economics
Downloads 228 (174,562)
Citation 4

Abstract:

Loading...

Adverse Selection, Collateral, Credit Score, Reputation, Signaling

23.

Asymptotic Distributions of Instrumental Variables Statistics with Many Instruments

IDENTIFICATION AND INFERENCE FOR ECONOMETRIC MODELS: ESSAYS IN HONOR OF THOMAS ROTHENBERG, Ch. 6, 2005
Number of pages: 23 Posted: 05 Jan 2011 Last Revised: 31 Jul 2013
James H. Stock and Motohiro Yogo
Harvard University - Department of Economics and Princeton University - Department of Economics
Downloads 197 (199,955)
Citation 3

Abstract:

Loading...

24.

A Consumption-Based Explanation of Expected Stock Returns

Journal of Finance, Vol. 61, No. 2, 2006
Number of pages: 65 Posted: 18 Jan 2009 Last Revised: 12 Mar 2014
Motohiro Yogo
Princeton University - Department of Economics
Downloads 168 (229,808)
Citation 30

Abstract:

Loading...

25.

A Survey of Weak Instruments and Weak Identification in Generalized Method of Moments

Journal of Business and Economic Statistics, Vol. 20, No. 4, 2002
Number of pages: 52 Posted: 09 Jan 2011
James H. Stock, Jonathan H. Wright and Motohiro Yogo
Harvard University - Department of Economics, Johns Hopkins University - Department of Economics and Princeton University - Department of Economics
Downloads 163 (235,661)
Citation 163

Abstract:

Loading...

Instrument relevance, Instrumental variables, Similar tests

26.

Financial Inclusion Across the United States

Number of pages: 40 Posted: 06 Dec 2021
Motohiro Yogo, Andrew Whitten and Natalie Cox
Princeton University - Department of Economics, U.S. Department of the Treasury - Office of Tax Analysis (OTA) and Princeton University - Department of Economics
Downloads 153 (248,524)

Abstract:

Loading...

Financial participation, Household finance, Inequality, Racial disparities, Tax policy

27.

Estimating the Elasticity of Intertemporal Substitution When Instruments Are Weak

Review of Economics and Statistics, Vol. 86, No. 3, 2004
Number of pages: 38 Posted: 18 Jan 2009 Last Revised: 12 Mar 2014
Motohiro Yogo
Princeton University - Department of Economics
Downloads 128 (285,757)
Citation 24

Abstract:

Loading...

28.

The Evolution from Life Insurance to Financial Engineering

Downloads 120 (289,217)

The Evolution from Life Insurance to Financial Engineering

Geneva Risk and Insurance Review, Vol. 46, 2021, University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-85
Number of pages: 26 Posted: 26 Jul 2021 Last Revised: 14 Sep 2021
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 120 (301,157)

Abstract:

Loading...

COVID-19 crisis, Global financial crisis, Life insurance industry, Minimum return guarantee, Variable annuity

29.

Asymptotic Properties of the Hahn-Hausman Test for Weak Instruments

Economics Letters, Vol. 89, No. 3, 2005
Number of pages: 15 Posted: 05 Jan 2011 Last Revised: 07 Jan 2011
Jerry A. Hausman, James H. Stock and Motohiro Yogo
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and Princeton University - Department of Economics
Downloads 93 (355,793)
Citation 3

Abstract:

Loading...

Weak identification, Instrumental variables, Pretest

30.

Understanding the Ownership Structure of Corporate Bonds

Number of pages: 24
Ralph S. J. Koijen and Motohiro Yogo
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 73

Abstract:

Loading...

Corporate bond market, Institutional investors, Insurance sector, Intermediary asset pricing, Leverage constraint

31.

Worker Betas: Five Facts About Systematic Earnings Risk

Downloads 55 (473,212)
Citation 6

Worker Betas: Five Facts About Systematic Earnings Risk

FRB of Chicago Working Paper No. WP-2017-4
Number of pages: 38 Posted: 09 Mar 2017
Fatih Guvenen, Sam Schulhofer-Wohl and Motohiro Yogo
University of Minnesota - Department of Economics, Federal Reserve Bank of Chicago and Princeton University - Department of Economics
Downloads 37 (566,851)

Abstract:

Loading...

Worker Betas: Five Facts About Systematic Earnings Risk

NBER Working Paper No. w23163
Number of pages: 33 Posted: 13 Feb 2017 Last Revised: 17 Oct 2021
Fatih Guvenen, Sam Schulhofer-Wohl, Jae Song and Motohiro Yogo
University of Minnesota - Department of Economics, Federal Reserve Bank of Chicago, U.S. Social Security Administration and Princeton University - Department of Economics
Downloads 18 (697,294)

Abstract:

Loading...