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

39

DOWNLOADS
Rank 6,183

SSRN RANKINGS

Top 6,183

in Total Papers Downloads

5,530

CITATIONS
Rank 363

SSRN RANKINGS

Top 363

in Total Papers Citations

1,187

Scholarly Papers (39)

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 1,307 (8,849)
Citation 4

Abstract:

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 923 (17,974)
Citation 1

Abstract:

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
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 (508,145)
Citation 1

Abstract:

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 558 (36,662)
Citation 1

Abstract:

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 (451,632)
Citation 1

Abstract:

4.
Downloads 491 ( 43,809)
Citation 131

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 358 (63,792)
Citation 131

Abstract:

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 133 (172,150)
Citation 131

Abstract:

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 291 (61,751)
Citation 24

Abstract:

Investor Sophistication, Household Finance

6.
Downloads 137 (167,645)

Cognitive Economics

NBER Working Paper No. w20834
Number of pages: 19 Posted: 12 Jan 2015
Miles S. Kimball
University of Michigan at Ann Arbor - Department of Economics
Downloads 137 (168,103)

Abstract:

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
Downloads 0

Abstract:

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 120 (186,679)
Citation 1

Abstract:

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 9 (502,684)
Citation 1

Abstract:

8.

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 79 (237,461)

Abstract:

9.

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 75 (232,376)

Abstract:

rebalancing, portfolio theory, overlapping generations

10.

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 61 (275,345)
Citation 278

Abstract:

11.

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 59 (277,590)
Citation 223

Abstract:

12.

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 58 (277,590)
Citation 12

Abstract:

13.

Do People Seek to Maximize Happiness? Evidence from New Surveys

NBER Working Paper No. w16489
Number of pages: 48 Posted: 25 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 56 (282,222)
Citation 1

Abstract:

14.

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
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 53 (296,701)

Abstract:

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 32 (379,795)

Abstract:

Challenges in Constructing a Survey-Based Well-Being Index

American Economic Review Papers & Proceedings, Forthcoming
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 20 (440,306)

Abstract:

Well-Being, Preference, Indicators, Index

16.

Liquidity Constraints and Precautionary Saving

NBER Working Paper No. w8496
Number of pages: 42 Posted: 29 Sep 2001
Christopher D. Carroll and Miles S. Kimball
Johns Hopkins University - Department of Economics and University of Michigan at Ann Arbor - Department of Economics
Downloads 50 (301,868)
Citation 38

Abstract:

17.

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
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 49 (304,533)
Citation 49

Abstract:

18.

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 49 (307,184)
Citation 95

Abstract:

19.

Cyclical Productivity with Unobserved Input Variation

NBER Working Paper No. w5915
Number of pages: 46 Posted: 07 Aug 2000
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 44 (321,434)
Citation 73

Abstract:

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 (428,987)
Citation 8

Abstract:

Consumption, saving, uncertainty, precautionary, risk aversion, intertemporal substitution, smoothing, Kreps-Porteus

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 21 (434,620)
Citation 8

Abstract:

21.

Imputing Risk Tolerance from Survey Responses

NBER Working Paper No. w13337
Number of pages: 35 Posted: 24 Aug 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 42 (321,434)
Citation 27

Abstract:

22.

Precautionary Motives for Holding Assets

NBER Working Paper No. w3586
Number of pages: 12 Posted: 07 Nov 2007
Miles S. Kimball
University of Michigan at Ann Arbor - Department of Economics
Downloads 41 (327,273)
Citation 22

Abstract:

23.

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 41 (321,434)
Citation 129

Abstract:

24.

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, University of California, Berkeley - Department of Economics, Osaka University - Graduate School of Economics and University of Michigan at Ann Arbor - Department of Economics
Downloads 40 (182,403)

Abstract:

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

25.
Downloads 38 (349,288)
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 20 (440,306)
Citation 1

Abstract:

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 (451,632)
Citation 1

Abstract:

26.

Unhappiness after Hurricane Katrina

NBER Working Paper No. w12062
Number of pages: 33 Posted: 09 May 2006
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 34 (359,697)
Citation 6

Abstract:

27.

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 30 (363,357)
Citation 8

Abstract:

28.

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 27 (382,741)
Citation 1

Abstract:

election, happiness, Koizumi Cabinet, survey, Japan

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 24 (370,812)

Abstract:

30.

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 23 (405,610)
Citation 19

Abstract:

31.

Labor Market Dynamics When Unemployment is a Worker Discipline Device

NBER Working Paper No. w2967
Number of pages: 27 Posted: 08 Jun 2004
Miles S. Kimball
University of Michigan at Ann Arbor - Department of Economics
Downloads 23 (410,515)
Citation 13

Abstract:

32.

Risk Preferences in the Psid: Individual Imputations and Family Covariation

NBER Working Paper No. w14754
Number of pages: 20 Posted: 26 Feb 2009
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 22 (396,186)
Citation 10

Abstract:

33.

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 18 (400,823)

Abstract:

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

34.

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 15 (363,357)

Abstract:

happiness, election, expectation, survey, Japan

Taxation of Labor Income and the Demand for Risky Assets

NBER Working Paper No. w3904
Number of pages: 31 Posted: 14 Nov 2007
Douglas W. Elmendorf and Miles S. Kimball
Harvard Kennedy School and University of Michigan at Ann Arbor - Department of Economics
Downloads 9 (502,684)
Citation 12

Abstract:

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

Abstract:

36.

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

NBER Working Paper No. w18142
Number of pages: 10 Posted: 16 Jun 2012
Miles S. Kimball
University of Michigan at Ann Arbor - Department of Economics
Downloads 5 (486,465)

Abstract:

37.

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 Michigan at Ann Arbor - Department of Economics and University of Michigan at Ann Arbor - Department of Economics
Downloads 0 (476,598)

Abstract:

Taylor rule, inflation targeting, economic stabilization

38.

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 0 (301,868)

Abstract:

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

39.

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

Abstract: