Miles S. Kimball

University of Michigan at Ann Arbor - Department of Economics

611 Tappan Street

Ann Arbor, MI 48109-1220

United States

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

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

40

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6,325

CITATIONS
Rank 365

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Top 365

in Total Papers Citations

1,190

Scholarly Papers (40)

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
USC, Center for Economic and Social Research (CESR), Cornell University - S.C. Johnson Graduate School of Management, University of Michigan at Ann Arbor - Department of Economics and University of Pennsylvania - Operations & Information Management Department
Downloads 1,652 (9,222)
Citation 4

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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
USC, Center for Economic and Social Research (CESR), Cornell University - S.C. Johnson Graduate School of Management, University of Michigan at Ann Arbor - Department of Economics and Trinity College
Downloads 1,018 (19,249)
Citation 1

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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: 28 Sep 2012
USC, Center for Economic and Social Research (CESR), Cornell University - S.C. Johnson Graduate School of Management, University of Michigan at Ann Arbor - Department of Economics and Trinity College
Downloads 8 (585,007)
Citation 1

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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
USC, Center for Economic and Social Research (CESR), Cornell University - S.C. Johnson Graduate School of Management, University of Michigan at Ann Arbor - Department of Economics and University of Pennsylvania - Operations & Information Management Department
Downloads 616 (39,129)
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
USC, Center for Economic and Social Research (CESR), Cornell University - S.C. Johnson Graduate School of Management, University of Michigan at Ann Arbor - Department of Economics and University of Pennsylvania - Operations & Information Management Department
Downloads 18 (523,129)
Citation 1

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4.
Downloads 513 ( 50,352)
Citation 132

Are Technology Improvements Contractionary?

Harvard Institute Research Working Paper No. 1986; FRB International Finance Discussion Paper No. 625; FRB of Chicago Working Paper No. 2004-20
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 Michigan at Ann Arbor - Department of Economics
Downloads 369 (74,496)
Citation 132

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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 Michigan at Ann Arbor - Department of Economics
Downloads 144 (191,392)
Citation 132

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5.

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 Michigan at Ann Arbor - Department of Economics and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 481 (54,567)
Citation 23

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Investor Sophistication, Household Finance

6.

Diminishing Marginal Utility Revisited

Number of pages: 81 Posted: 11 Apr 2015
University of Michigan at Ann Arbor - Department of Economics, Osaka University - Institute of Social and Economic Research, London School of Economics & Political Science (LSE), Osaka University - Graduate School of Economics and Tsinghua University - PBC School of Finance
Downloads 180 (157,801)

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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
USC, Center for Economic and Social Research (CESR), Cornell University - S.C. Johnson Graduate School of Management, University of Michigan at Ann Arbor - Department of Economics and Trinity College
Downloads 137 (199,377)

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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
USC, Center for Economic and Social Research (CESR), Cornell University - S.C. Johnson Graduate School of Management, University of Michigan at Ann Arbor - Department of Economics and Trinity College
Downloads 10 (572,765)

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8.
Downloads 141 (194,213)

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 Michigan at Ann Arbor - Department of Economics
Downloads 141 (194,771)

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Cognitive Economics

Japanese Economic Review, Vol. 66, Issue 2, pp. 167-181, 2015
Number of pages: 15 Posted: 11 May 2015
Miles S. Kimball
University of Michigan at Ann Arbor - Department of Economics
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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
USC, Center for Economic and Social Research (CESR), Gordon College, Cornell University - S.C. Johnson Graduate School of Management and University of Michigan at Ann Arbor - Department of Economics
Downloads 95 (261,332)

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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
USC, Center for Economic and Social Research (CESR), Gordon College, Cornell University - S.C. Johnson Graduate School of Management and University of Michigan at Ann Arbor - Department of Economics
Downloads 41 (405,948)

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Portfolio Rebalancing in General Equilibrium

Number of pages: 39 Posted: 22 Jul 2011
University of Michigan at Ann Arbor - Department of Economics, 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 98 (256,001)

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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 Michigan at Ann Arbor - Department of Economics, 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 19 (517,015)

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11.

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 Michigan at Ann Arbor - Department of Economics and University of Michigan at Ann Arbor - Department of Economics
Downloads 88 (272,390)

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12.

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 Michigan at Ann Arbor - Department of Economics
Downloads 74 (302,128)
Citation 223

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13.

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
USC, Center for Economic and Social Research (CESR), Cornell University - S.C. Johnson Graduate School of Management, University of Michigan at Ann Arbor - Department of Economics and University of Pennsylvania - Operations & Information Management Department
Downloads 73 (304,443)
Citation 1

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14.

Precautionary Saving and the Marginal Propensity to Consume

NBER Working Paper No. w3403
Number of pages: 46 Posted: 25 Jun 2004
Miles S. Kimball
University of Michigan at Ann Arbor - Department of Economics
Downloads 69 (314,030)
Citation 12

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15.

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 Michigan at Ann Arbor - Department of Economics, University of Michigan at Ann Arbor - Institute for Social Research (ISR) and University of Michigan at Ann Arbor - Department of Economics
Downloads 67 (319,011)
Citation 278

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16.

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 Michigan at Ann Arbor - Department of Economics
Downloads 63 (329,398)

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

17.

Liquidity Constraints and Precautionary Saving

NBER Working Paper No. w8496
Number of pages: 42 Posted: 29 Sep 2001 Last Revised: 24 Oct 2010
Christopher D. Carroll and Miles S. Kimball
Johns Hopkins University - Department of Economics and University of Michigan at Ann Arbor - Department of Economics
Downloads 61 (334,882)
Citation 37

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18.

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 Michigan at Ann Arbor - Department of Economics, 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 58 (343,058)

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19.

Standard Risk Aversion

NBER Working Paper No. t0099
Number of pages: 40 Posted: 04 Jul 2004
Miles S. Kimball
University of Michigan at Ann Arbor - Department of Economics
Downloads 56 (348,957)
Citation 94

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20.

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: 28 Aug 2008
Miles S. Kimball and Matthew D. Shapiro
University of Michigan at Ann Arbor - Department of Economics and University of Michigan at Ann Arbor - Department of Economics
Downloads 55 (352,068)
Citation 49

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21.

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 Michigan at Ann Arbor - Department of Economics, Federal Reserve Board and University of Michigan at Ann Arbor - Department of Economics
Downloads 50 (367,556)
Citation 27

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22.

Cyclical Productivity with Unobserved Input Variation

NBER Working Paper No. w5915
Number of pages: 46 Posted: 07 Aug 2000 Last Revised: 05 Oct 2010
Susanto Basu and Miles S. Kimball
Boston College, College of Arts and Sciences, Department of Economics and University of Michigan at Ann Arbor - Department of Economics
Downloads 50 (367,556)
Citation 73

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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: 16 Jan 2009
Miles S. Kimball
University of Michigan at Ann Arbor - Department of Economics
Downloads 49 (370,742)
Citation 22

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24.

The Quantitative Analytics of the Basic Neomonetarist Model

NBER Working Paper No. w5046
Number of pages: 46 Posted: 12 Jun 2000
Miles S. Kimball
University of Michigan at Ann Arbor - Department of Economics
Downloads 49 (370,742)
Citation 129

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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 Michigan at Ann Arbor - Department of Economics and Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES)
Downloads 23 (492,523)
Citation 8

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Precautionary Saving and Consumption Smoothing Across Time and Possibilities

CEPR Discussion Paper No. 4005
Number of pages: 46 Posted: 24 Sep 2003
Miles S. Kimball and Philippe Weil
University of Michigan at Ann Arbor - Department of Economics and Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES)
Downloads 22 (498,588)
Citation 8
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Consumption, saving, uncertainty, precautionary, risk aversion, intertemporal substitution, smoothing, Kreps-Porteus

26.

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 Michigan at Ann Arbor - Department of Economics
Downloads 43 (391,004)

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Taylor rule, inflation targeting, economic stabilization

27.

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 - Institute of Social and Economic Research, University of Michigan at Ann Arbor - Department of Economics, Osaka University - Graduate School of Economics and Osaka University - Graduate School of Economics
Downloads 42 (394,490)

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happiness, election, expectation, survey, Japan

28.
Downloads 40 (401,682)
Citation 1

Optimal Advice for Monetary Policy

NBER Working Paper No. w3054
Number of pages: 30 Posted: 07 Nov 2007
Boston College, College of Arts and Sciences, Department of Economics, University of Michigan at Ann Arbor - Department of Economics, Harvard University - Department of Economics and Brown University - Department of Economics
Downloads 22 (498,588)
Citation 1

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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 Michigan at Ann Arbor - Department of Economics, Harvard University - Department of Economics and Brown University - Department of Economics
Downloads 18 (523,129)
Citation 1

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29.

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 Michigan at Ann Arbor - Department of Economics, U.S. Department of the Treasury and University of Michigan at Ann Arbor - Economics Department
Downloads 37 (413,299)

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30.

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 Michigan at Ann Arbor - Department of Economics, University of Michigan at Ann Arbor - Institute for Social Research (ISR), Osaka University - Institute of Social and Economic Research and Osaka University - Graduate School of Economics
Downloads 35 (421,314)
Citation 6

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31.

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 Michigan at Ann Arbor - Department of Economics
Downloads 35 (421,314)
Citation 8

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32.

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 - Advanced Foreign Economies Section and University of Michigan at Ann Arbor - Department of Economics
Downloads 30 (442,462)

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

33.

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
Osaka University - Graduate School of Economics, University of Michigan at Ann Arbor - Department of Economics and Osaka University - Institute of Social and Economic Research
Downloads 29 (447,039)
Citation 1

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election, happiness, Koizumi Cabinet, survey, Japan

34.

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 Michigan at Ann Arbor - Department of Economics, Federal Reserve Board and University of Michigan at Ann Arbor - Department of Economics
Downloads 28 (451,840)
Citation 10

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35.

Precautionary Saving and the Timing of Taxes

NBER Working Paper No. w2680
Number of pages: 31 Posted: 25 Jun 2004
Miles S. Kimball and N. Gregory Mankiw
University of Michigan at Ann Arbor - Department of Economics and Harvard University - Department of Economics
Downloads 27 (456,701)
Citation 19

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36.

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 Michigan at Ann Arbor - Department of Economics
Downloads 25 (467,017)
Citation 12

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37.

"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 Michigan at Ann Arbor - Department of Economics
Downloads 10 (549,590)

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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: 09 Sep 2010
Douglas W. Elmendorf and Miles S. Kimball
Harvard Kennedy School and University of Michigan at Ann Arbor - Department of Economics
Downloads 10 (572,765)
Citation 12

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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 Michigan at Ann Arbor - Department of Economics

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39.

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 Michigan at Ann Arbor - Department of Economics
Downloads 0 (626,483)
Citation 5
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40.

On the Concavity of the Consumption Function

FEDS Paper Number 95-10
Posted: 10 Oct 1998
Christopher D. Carroll and Miles S. Kimball
Johns Hopkins University - Department of Economics and University of Michigan at Ann Arbor - Department of Economics

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