Miles S. Kimball

University of Colorado Boulder

Eugene D. Eaton Jr. Professor of Economics

Campus Box 256

Boulder, CO 80309

United States

http://www.colorado.edu/Economics/people/faculty/kimball.html

University of Michigan at Ann Arbor - Department of Economics

611 Tappan Street

Ann Arbor, MI 48109-1220

United States

Center for Economic and Social Research, USC

Visiting Senior Economist

635 Downey Way

Los Angeles, CA 90089-3332

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

48

DOWNLOADS
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Top 6,922

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7,737

SSRN CITATIONS
Rank 366

SSRN RANKINGS

Top 366

in Total Papers Citations

362

CROSSREF CITATIONS

2,058

Scholarly Papers (48)

1.

What Do You Think Would Make You Happier? What Do You Think You Would Choose?

American Economic Review, 102(5): 2083–2110, Johnson School Research Paper Series No. 32-2011
Number of pages: 42 Posted: 28 Jul 2011 Last Revised: 22 Sep 2013
Anderson School of Management, Cornell University - S.C. Johnson Graduate School of Management, University of Colorado Boulder and Cornell University - Department of Economics
Downloads 1,811 (10,798)
Citation 14

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happiness, life satisfaction, subjective well-being, hypothetical choice, utility

Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference

American Economic Review, Forthcoming
Number of pages: 49 Posted: 31 Jul 2012 Last Revised: 20 Dec 2013
Anderson School of Management, Cornell University - S.C. Johnson Graduate School of Management, University of Colorado Boulder and Trinity College
Downloads 1,093 (23,162)
Citation 2

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happiness, life satisfaction, subjective well-being, stated preference, well-being index

Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference

NBER Working Paper No. w18374
Number of pages: 49 Posted: 15 Sep 2012 Last Revised: 17 Mar 2021
Anderson School of Management, Cornell University - S.C. Johnson Graduate School of Management, University of Colorado Boulder and Trinity College
Downloads 20 (633,832)
Citation 2

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Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices

American Economic Review, Forthcoming, Johnson School Research Paper Series No. 8-2013
Number of pages: 43 Posted: 21 Feb 2013 Last Revised: 27 Feb 2014
Anderson School of Management, Cornell University - S.C. Johnson Graduate School of Management, University of Colorado Boulder and Cornell University - Department of Economics
Downloads 674 (45,673)
Citation 1

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happiness, life satisfaction, subjective well-being, preference, utility, revealed preference, marginal rate of substitution

Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices

NBER Working Paper No. w18927
Number of pages: 44 Posted: 30 Mar 2013 Last Revised: 21 Mar 2021
Anderson School of Management, Cornell University - S.C. Johnson Graduate School of Management, University of Colorado Boulder and Cornell University - Department of Economics
Downloads 22 (619,200)
Citation 1

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4.

Investor Sophistication and the Home Bias, Diversification, and Employer Stock Puzzles

Number of pages: 29 Posted: 19 Mar 2010
Miles S. Kimball and Tyler Shumway
University of Colorado Boulder and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 605 (53,367)
Citation 70

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Investor Sophistication, Household Finance

5.
Downloads 542 ( 61,173)
Citation 213

Are Technology Improvements Contractionary?

Number of pages: 65 Posted: 14 Jan 1999
Susanto Basu, John G. Fernald and Miles S. Kimball
Boston College, College of Arts and Sciences, Department of Economics, Federal Reserve Bank of San Francisco and University of Colorado Boulder
Downloads 382 (92,410)
Citation 24

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Are Technology Improvements Contractionary?

NBER Working Paper No. w10592
Number of pages: 58 Posted: 08 Jul 2004
Susanto Basu, John G. Fernald and Miles S. Kimball
Boston College, College of Arts and Sciences, Department of Economics, Federal Reserve Bank of San Francisco and University of Colorado Boulder
Downloads 160 (221,213)
Citation 37

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6.

Diminishing Marginal Utility Revisited

Number of pages: 81 Posted: 11 Apr 2015
University of Colorado Boulder, Osaka University - Center for Infectious Disease Education and Research, London School of Economics & Political Science (LSE), Kyoto Bunkyo University and Tsinghua University - PBC School of Finance
Downloads 269 (137,100)

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diminishing marginal utility, hypothetical choice, risk aversion, intertemporal substitution, altruism

Aggregating Local Preferences to Guide Marginal Policy Adjustments

American Economic Review Papers and Proceedings, 103(3): 605-610, Johnson School Research Paper Series No. 1-2013
Number of pages: 11 Posted: 26 Jan 2013 Last Revised: 22 Sep 2013
Anderson School of Management, Cornell University - S.C. Johnson Graduate School of Management, University of Colorado Boulder and Trinity College
Downloads 150 (233,541)

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subjective well-being, happiness, life satisfaction, aggregation, policy

Aggregating Local Preferences to Guide Marginal Policy Adjustments

NBER Working Paper No. w18787
Number of pages: 12 Posted: 11 Feb 2013
Anderson School of Management, Cornell University - S.C. Johnson Graduate School of Management, University of Colorado Boulder and Trinity College
Downloads 13 (688,003)

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Challenges in Constructing a Survey-Based Well-Being Index

American Economic Review Papers & Proceedings, Forthcoming, CESR-Schaeffer Working Paper No. 2900774
Number of pages: 8 Posted: 20 Jan 2017
Anderson School of Management, Gordon College, Cornell University - S.C. Johnson Graduate School of Management and University of Colorado Boulder
Downloads 117 (283,578)

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Well-Being, Preference, Indicators, Index

Challenges in Constructing a Survey-Based Well-Being Index

NBER Working Paper No. w23111
Number of pages: 10 Posted: 30 Jan 2017 Last Revised: 24 Feb 2021
Anderson School of Management, Gordon College, Cornell University - S.C. Johnson Graduate School of Management and University of Colorado Boulder
Downloads 45 (487,548)
Citation 2

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9.

Cognitive Economics

NBER Working Paper No. w20834
Number of pages: 19 Posted: 12 Jan 2015 Last Revised: 28 Jan 2015
Miles S. Kimball
University of Colorado Boulder
Downloads 154 (228,091)

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10.
Downloads 149 (234,289)
Citation 5

Portfolio Rebalancing in General Equilibrium

Number of pages: 39 Posted: 22 Jul 2011
University of Colorado Boulder, University of Michigan at Ann Arbor - Department of Economics, University of Michigan at Ann Arbor, The Stephen M. Ross School of Business and University of Michigan at Ann Arbor
Downloads 114 (288,907)
Citation 5

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rebalancing, portfolio theory, overlapping generations

Portfolio Rebalancing in General Equilibrium

NBER Working Paper No. w24722
Number of pages: 80 Posted: 18 Jun 2018
University of Colorado Boulder, University of Michigan at Ann Arbor - Department of Economics, University of Michigan at Ann Arbor, The Stephen M. Ross School of Business and University of Michigan at Ann Arbor
Downloads 35 (536,529)
Citation 1

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11.

Monetary Policy and Durable Goods

FRB of Chicago Working Paper No. WP-2016-18
Number of pages: 44 Posted: 07 Dec 2016
Research Department, Federal Reserve Bank of Chicago, University of Michigan at Ann Arbor - Department of Economics, University of Texas at Austin and University of Colorado Boulder
Downloads 112 (291,034)

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Taylor rule, inflation targeting, economic stabilization

12.

Enabling Deep Negative Rates to Fight Recessions: A Guide

IMF Working Paper No. 19/84
Number of pages: 90 Posted: 02 Jun 2019
Ruchir Agarwal and Miles S. Kimball
International Monetary Fund (IMF) and University of Colorado Boulder
Downloads 105 (304,373)
Citation 2

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Central bank independence, Reserve requirements, Interest rate policy, Central banks, Negative interest rates, electronic money, monetary policy, negative rate, paper currency, negative interest rate, rental fee, cash withdrawal

13.

Precautionary Saving in the Small and in the Large

NBER Working Paper No. w2848
Number of pages: 26 Posted: 25 Jun 2004
Miles S. Kimball
University of Colorado Boulder
Downloads 95 (324,958)
Citation 73

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14.

Social Security, Retirement and Wealth: Theory and Implications

Michigan Retirement Research Center Research Paper No. WP 2003-054
Number of pages: 27 Posted: 11 Feb 2008
Miles S. Kimball and Matthew D. Shapiro
University of Colorado Boulder and University of Michigan at Ann Arbor - Department of Economics
Downloads 94 (327,201)

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15.

Precautionary Saving and the Marginal Propensity to Consume

NBER Working Paper No. w3403
Number of pages: 46 Posted: 25 Jun 2004 Last Revised: 21 Apr 2021
Miles S. Kimball
University of Colorado Boulder
Downloads 93 (329,434)

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16.

Do People Seek to Maximize Happiness? Evidence from New Surveys

NBER Working Paper No. w16489
Number of pages: 48 Posted: 25 Oct 2010 Last Revised: 29 Oct 2010
Anderson School of Management, Cornell University - S.C. Johnson Graduate School of Management, University of Colorado Boulder and Cornell University - Department of Economics
Downloads 87 (343,488)

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17.

Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Survey

NBER Working Paper No. w5213
Number of pages: 69 Posted: 20 Sep 2000
Research Department, Federal Reserve Bank of Chicago, University of Colorado Boulder, University of Michigan at Ann Arbor - Institute for Social Research (ISR) and University of Michigan at Ann Arbor - Department of Economics
Downloads 82 (355,795)
Citation 75

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18.

Breaking Through the Zero Lower Bound

IMF Working Paper No. 15/224
Number of pages: 41 Posted: 05 Jan 2016
Ruchir Agarwal and Miles S. Kimball
International Monetary Fund (IMF) and University of Colorado Boulder
Downloads 80 (361,007)
Citation 1

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electronic money, currency, paper currency, interest rate, money, interest rates, General, All Countries

19.

Self-Reported Wellbeing Indicators Are a Valuable Complement to Traditional Economic Indicators but Aren’t Yet Ready to Compete With Them

Behavioural Public Policy, Forthcoming
Number of pages: 11 Posted: 06 Oct 2019
Anderson School of Management, Gordon College, Cornell University - S.C. Johnson Graduate School of Management and University of Colorado Boulder
Downloads 71 (386,291)

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Self-Reported Well-Being, Preference, Indicators, Index, Policy

20.

Self-Reported Wellbeing Indicators Are a Valuable Complement to Traditional Economic Indicators but Aren’t Yet Ready to Compete with Them. A Comment on a Happy Choice: Wellbeing As the Goal of Government by Paul Frijters, Andrew E. Clark, Christian Krekel and Richard Layard

CESR-Schaeffer Working Paper No. 2019-002
Number of pages: 12 Posted: 04 Oct 2019
Anderson School of Management, Gordon College, Cornell University - S.C. Johnson Graduate School of Management and University of Colorado Boulder
Downloads 67 (398,458)

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21.

What Do Happiness Data Mean? Theory and Survey Evidence

Number of pages: 50 Posted: 18 Feb 2021
Anderson School of Management, Amherst College, Cornell University - S.C. Johnson Graduate School of Management, Princeton University - Princeton School of Public and International Affairs and University of Colorado Boulder
Downloads 66 (411,432)

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happiness, life satisfaction, subjective well-being, survey questions

22.

Standard Risk Aversion

NBER Working Paper No. t0099
Number of pages: 40 Posted: 04 Jul 2004 Last Revised: 11 Apr 2021
Miles S. Kimball
University of Colorado Boulder
Downloads 66 (401,611)
Citation 3

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23.

Precautionary Motives for Holding Assets

NBER Working Paper No. w3586
Number of pages: 12 Posted: 07 Nov 2007 Last Revised: 21 Apr 2021
Miles S. Kimball
University of Colorado Boulder
Downloads 65 (404,841)

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24.

Empirics on the Origins of Preferences: The Case of College Major and Religiosity

NBER Working Paper No. w15182
Number of pages: 35 Posted: 28 Jul 2009 Last Revised: 27 Jun 2010
University of Colorado Boulder, University of Michigan at Ann Arbor - Survey Research Center, University of Michigan at Ann Arbor - Survey Research Center and University of Michigan at Ann Arbor - Survey Research Center
Downloads 64 (408,013)

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25.

Liquidity Constraints and Precautionary Saving

NBER Working Paper No. w8496
Number of pages: 42 Posted: 29 Sep 2001 Last Revised: 21 Mar 2021
Christopher D. Carroll and Miles S. Kimball
Johns Hopkins University - Department of Economics and University of Colorado Boulder
Downloads 63 (411,432)
Citation 1

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26.

Cyclical Productivity with Unobserved Input Variation

NBER Working Paper No. w5915
Number of pages: 46 Posted: 07 Aug 2000 Last Revised: 01 Mar 2021
Susanto Basu and Miles S. Kimball
Boston College, College of Arts and Sciences, Department of Economics and University of Colorado Boulder
Downloads 63 (411,432)
Citation 1

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27.

Labor Supply: Are the Income and Substitution Effects Both Large or Both Small?

NBER Working Paper No. w14208
Number of pages: 65 Posted: 04 Aug 2008 Last Revised: 29 Apr 2021
Miles S. Kimball and Matthew D. Shapiro
University of Colorado Boulder and University of Michigan at Ann Arbor - Department of Economics
Downloads 62 (414,725)

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28.

Happiness Before and after an Election: An Analysis Based on a Daily Survey Around Japan's 2009 Election

ISER Discussion Paper No. 924
Number of pages: 35 Posted: 06 Feb 2015
Kyushu University, Osaka University - Center for Infectious Disease Education and Research, University of Colorado Boulder, Osaka University - Graduate School of Economics and Kyoto Bunkyo University
Downloads 61 (418,000)

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happiness, election, expectation, survey, Japan

29.

The Quantitative Analytics of the Basic Neomonetarist Model

NBER Working Paper No. w5046
Number of pages: 46 Posted: 12 Jun 2000 Last Revised: 17 Apr 2021
Miles S. Kimball
University of Colorado Boulder
Downloads 61 (418,000)
Citation 25

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30.

Reconsidering Risk Aversion

CESR-Schaeffer Working Paper No. 006
Number of pages: 564 Posted: 22 Oct 2020
Daniel J. Benjamin, Mark Alan Fontana and Miles S. Kimball
Anderson School of Management, Center for the Advancement of Value in Musculoskeletal Care, Hospital for Special Surgery and University of Colorado Boulder
Downloads 57 (431,935)
Citation 1

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31.

Imputing Risk Tolerance from Survey Responses

NBER Working Paper No. w13337
Number of pages: 35 Posted: 24 Aug 2007 Last Revised: 23 Oct 2007
Miles S. Kimball, Claudia Sahm and Matthew D. Shapiro
University of Colorado Boulder, Independent and University of Michigan at Ann Arbor - Department of Economics
Downloads 53 (446,483)
Citation 9

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Precautionary Saving and Consumption Smoothing Across Time and Possibilities

NBER Working Paper No. w3976
Number of pages: 52 Posted: 10 Jul 2007
Miles S. Kimball and Philippe Weil
University of Colorado Boulder and Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES)
Downloads 28 (577,481)
Citation 3

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Precautionary Saving and Consumption Smoothing Across Time and Possibilities

Number of pages: 46 Posted: 24 Sep 2003
Miles S. Kimball and Philippe Weil
University of Colorado Boulder and Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES)
Downloads 22 (619,200)
Citation 9
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Consumption, saving, uncertainty, precautionary, risk aversion, intertemporal substitution, smoothing, Kreps-Porteus

33.
Downloads 46 (474,193)

Optimal Advice for Monetary Policy

NBER Working Paper No. w3054
Number of pages: 30 Posted: 07 Nov 2007 Last Revised: 19 Apr 2021
Boston College, College of Arts and Sciences, Department of Economics, University of Colorado Boulder, Harvard University - Department of Economics and Brown University - Department of Economics
Downloads 25 (597,788)

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Optimal Advice for Monetary Policy

NBER Working Paper No. w3054
Number of pages: 30 Posted: 14 Apr 2007
Boston College, College of Arts and Sciences, Department of Economics, University of Colorado Boulder, Harvard University - Department of Economics and Brown University - Department of Economics
Downloads 21 (626,539)

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34.

Reconsidering Risk Aversion

NBER Working Paper No. w28007
Number of pages: 59 Posted: 27 Oct 2020
Daniel J. Benjamin, Mark Alan Fontana and Miles S. Kimball
University of California, Los Angeles (UCLA), Center for the Advancement of Value in Musculoskeletal Care, Hospital for Special Surgery and University of Colorado Boulder
Downloads 45 (478,432)

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35.

Accounting for Adaptation in the Economics of Happiness

NBER Working Paper No. w21365
Number of pages: 28 Posted: 20 Jul 2015
Miles S. Kimball, Ryan Nunn and Dan Silverman
University of Colorado Boulder, Federal Reserve Banks - Federal Reserve Bank of Minneapolis and University of Michigan at Ann Arbor - Economics Department
Downloads 44 (482,758)

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36.

The Decline of Drudgery and the Paradox of Hard Work

FRB International Finance Discussion Paper No. 1106
Number of pages: 47 Posted: 29 Jun 2014
Brendan Epstein and Miles S. Kimball
Board of Governors of the Federal Reserve System and University of Colorado Boulder
Downloads 42 (491,465)
Citation 3

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labor supply, work hours, drudgery, income effect, substitution effect, job utility

37.

Unhappiness after Hurricane Katrina

NBER Working Paper No. w12062
Number of pages: 33 Posted: 09 May 2006 Last Revised: 23 Oct 2010
Miles S. Kimball, Helen Levy, Fumio Ohtake and Yoshiro Tsutsui
University of Colorado Boulder, University of Michigan at Ann Arbor - Institute for Social Research (ISR), Osaka University - Center for Infectious Disease Education and Research and Kyoto Bunkyo University
Downloads 39 (505,048)
Citation 2

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38.

Do Flexible Durable Goods Prices Undermine Sticky Price Models?

NBER Working Paper No. w9832
Number of pages: 51 Posted: 14 Jul 2003
Robert Barsky, Christopher L. House and Miles S. Kimball
Research Department, Federal Reserve Bank of Chicago, University of Michigan at Ann Arbor - Department of Economics and University of Colorado Boulder
Downloads 38 (509,629)
Citation 18

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39.

Koizumi Carried the Day: Did the Japanese Election Results Make People Happy and Unhappy?

ISER Discussion Paper No. 695
Number of pages: 36 Posted: 18 Jul 2007
Yoshiro Tsutsui, Miles S. Kimball and Fumio Ohtake
Kyoto Bunkyo University, University of Colorado Boulder and Osaka University - Center for Infectious Disease Education and Research
Downloads 36 (519,125)
Citation 1

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election, happiness, Koizumi Cabinet, survey, Japan

40.

Risk Preferences in the Psid: Individual Imputations and Family Covariation

NBER Working Paper No. w14754
Number of pages: 20 Posted: 26 Feb 2009 Last Revised: 19 Mar 2010
Miles S. Kimball, Claudia Sahm and Matthew D. Shapiro
University of Colorado Boulder, Independent and University of Michigan at Ann Arbor - Department of Economics
Downloads 30 (550,369)
Citation 3

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41.

Precautionary Saving and the Timing of Taxes

NBER Working Paper No. w2680
Number of pages: 31 Posted: 25 Jun 2004 Last Revised: 30 Apr 2021
Miles S. Kimball and N. Gregory Mankiw
University of Colorado Boulder and Harvard University - Department of Economics
Downloads 30 (550,369)
Citation 3

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42.

What Do Happiness Data Mean? Theory and Survey Evidence

NBER Working Paper No. w28438
Number of pages: 51 Posted: 08 Feb 2021 Last Revised: 15 Mar 2021
University of California, Los Angeles (UCLA), Amherst College, Cornell University - S.C. Johnson Graduate School of Management, Paris School of Economics and University of Colorado Boulder
Downloads 28 (561,873)

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43.

Labor Market Dynamics When Unemployment is a Worker Discipline Device

NBER Working Paper No. w2967
Number of pages: 27 Posted: 08 Jun 2004 Last Revised: 12 Aug 2010
Miles S. Kimball
University of Colorado Boulder
Downloads 27 (567,865)
Citation 3

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44.

Reconsidering Risk Aversion

Number of pages: 58 Posted: 03 Dec 2020
Daniel J. Benjamin, Mark Alan Fontana and Miles S. Kimball
Anderson School of Management, Center for the Advancement of Value in Musculoskeletal Care, Hospital for Special Surgery and University of Colorado Boulder
Downloads 25 (580,474)

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risk aversion, mistakes, retirement investing, framing effects, expected utility

Taxation of Labor Income and the Demand for Risky Assets

NBER Working Paper No. w3904
Number of pages: 31 Posted: 14 Nov 2007 Last Revised: 04 Mar 2021
Douglas W. Elmendorf and Miles S. Kimball
Harvard Kennedy School and University of Colorado Boulder
Downloads 14 (679,897)

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Taxation of Labor Income and the Demand for Risky Assets

Board of Governors of the Federal Reserve System Finance & Econ. Disc. Series 96-32
Posted: 01 Oct 1996
Douglas W. Elmendorf and Miles S. Kimball
Harvard Kennedy School and University of Colorado Boulder

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46.

"Getting the Biggest Bang for the Buck in Fiscal Policy"

NBER Working Paper No. w18142
Number of pages: 10 Posted: 16 Jun 2012 Last Revised: 02 Aug 2012
Miles S. Kimball
University of Colorado Boulder
Downloads 12 (670,032)

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47.

Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions

Journal of Risk and Insurance, Vol. 85, Issue 2, pp. 397-430, 2018
Number of pages: 34 Posted: 05 Jun 2018
Christian Gollier and Miles S. Kimball
University of Toulouse 1 - Industrial Economic Institute (IDEI) and University of Colorado Boulder
Downloads 0 (779,156)
Citation 1
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48.

On the Concavity of the Consumption Function

Posted: 10 Oct 1998
Christopher D. Carroll and Miles S. Kimball
Johns Hopkins University - Department of Economics and University of Colorado Boulder

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