Jonathan A. Parker

Massachusetts Institute of Technology (MIT) - Sloan School of Management

100 Main Street

E62-416

Cambridge, MA

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

36

DOWNLOADS

4,273

SSRN CITATIONS
Rank 263

SSRN RANKINGS

Top 263

in Total Papers Citations

927

CROSSREF CITATIONS

2,094

Scholarly Papers (36)

1.
Downloads 1,106 ( 23,237)
Citation 267

Household Expenditure and the Income Tax Rebates of 2001

Number of pages: 38 Posted: 03 Jan 2005 Last Revised: 13 Dec 2011
David Johnson, Jonathan A. Parker and Nicholas S. Souleles
Bureau of Labor Statistics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Finance Department
Downloads 1,050 (24,688)
Citation 13

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Consumption, saving, Life-Cycle model, Permanent-Income Hypothesis, liquidity constraints; fiscal policy, tax cuts, tax rebates, windfalls

Household Expenditure and the Income Tax Rebates of 2001

NBER Working Paper No. w10784
Number of pages: 38 Posted: 20 Sep 2004 Last Revised: 04 Oct 2004
David Johnson, Jonathan A. Parker and Nicholas S. Souleles
Bureau of Labor Statistics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Finance Department
Downloads 56 (443,538)
Citation 76

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2.
Downloads 686 ( 45,388)
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 588 (54,865)
Citation 45

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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 98 (321,792)

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Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns

Number of pages: 33 Posted: 30 Mar 2007
Markus K. Brunnermeier, Christian Gollier and Jonathan A. Parker
Princeton University - Department of Economics, University of Toulouse 1 - Industrial Economic Institute (IDEI) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 271 (135,298)
Citation 3

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portfolio choice, asset pricing, expectations, heterogeneous beliefs, optimal

Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns

NBER Working Paper No. w12940
Number of pages: 34 Posted: 24 Feb 2007 Last Revised: 12 May 2021
Markus K. Brunnermeier, Christian Gollier and Jonathan A. Parker
Princeton University - Department of Economics, University of Toulouse 1 - Industrial Economic Institute (IDEI) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 32 (554,895)
Citation 1

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Optimal Beliefs, Asset Prices and the Preference for Skewed Returns

CEPR Discussion Paper No. DP6181
Number of pages: 36 Posted: 20 May 2008
Markus K. Brunnermeier, Christian Gollier and Jonathan A. Parker
Princeton University - Department of Economics, University of Toulouse 1 - Industrial Economic Institute (IDEI) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2 (785,405)
Citation 34
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Belief biases, heterogeneous beliefs, optimal expectations, skewness

4.

Asymmetric Consumption Smoothing

Fisher College of Business Working Paper No. 2013-03-20, Charles A. Dice Center Working Paper No. 2013-20
Number of pages: 64 Posted: 22 Dec 2013 Last Revised: 13 Jul 2020
Brian Baugh, Itzhak Ben-David, Hoonsuk Park and Jonathan A. Parker
Univeristy of Nebraska at Lincoln (UNL) - Department of Finance, Ohio State University (OSU) - Department of Finance, University of Melbourne - Faculty of Business and Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 251 (146,912)
Citation 2

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Consumption, household finance, liquidity constraints, hand-to-mouth, mental accounting, tax refunds

Consumption Risk and the Cross-Section of Expected Returns

Number of pages: 48 Posted: 03 Jan 2005
Christian Julliard and Jonathan A. Parker
London School of Economics & Political Science (LSE) - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 198 (184,771)
Citation 65

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Consumption Capital Asset Pricing Model, Expected returns, Equity

Consumption Risk and the Cross Section of Expected Returns

Posted: 13 Jan 2005
Christian Julliard and Jonathan A. Parker
London School of Economics & Political Science (LSE) - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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6.
Downloads 191 (190,157)
Citation 27

Precautionary Saving and Consumption Fluctuations

Woodrow Wilson School Economics Discussion Paper No. 227
Number of pages: 35 Posted: 07 Apr 2004
Jonathan A. Parker and Bruce J. Preston
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 156 (226,766)

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Incomplete markets, precautionary saving, permanent income hypothesis, business cycles, consumption smoothing, Euler equation

Precautionary Saving and Consumption Fluctuations

NBER Working Paper No. w9196
Number of pages: 53 Posted: 14 Sep 2002 Last Revised: 29 Oct 2010
Jonathan A. Parker and Bruce J. Preston
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 35 (538,127)
Citation 9

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Why Don't Households Smooth Consumption? Evidence from a 25 Million Dollar Experiment

Kilts Center for Marketing at Chicago Booth – Nielsen Dataset Paper Series 1-053
Number of pages: 47 Posted: 14 Jul 2015
Jonathan A. Parker
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 121 (277,471)

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Consumption smoothing, Liquidity constraints, impatience, marginal propensity to consume, inattention, self-control, procrastination

Why Don't Households Smooth Consumption? Evidence from a 25 Million Dollar Experiment

NBER Working Paper No. w21369
Number of pages: 36 Posted: 20 Jul 2015
Jonathan A. Parker
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 13 (690,034)
Citation 29

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The Economic Stimulus Payments of 2008 and the Aggregate Demand for Consumption

Kilts Center for Marketing at Chicago Booth – Nielsen Dataset Paper Series 1-005
Number of pages: 39 Posted: 03 May 2014 Last Revised: 28 Aug 2016
Jonathan A. Parker and Christian M. Broda
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago - Booth School of Business
Downloads 117 (284,423)
Citation 1

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Consumption, stabilization, tax policy

The Economic Stimulus Payments of 2008 and the Aggregate Demand for Consumption

NBER Working Paper No. w20122
Number of pages: 38 Posted: 19 May 2014
Christian M. Broda and Jonathan A. Parker
University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 9 (722,632)
Citation 30

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9.
Downloads 113 (290,087)
Citation 423

Consumption Over the Life Cycle

NBER Working Paper No. w7271
Number of pages: 50 Posted: 30 Apr 2000 Last Revised: 01 Apr 2001
Jonathan A. Parker and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California, Berkeley - Department of Economics
Downloads 92 (335,313)
Citation 4

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Consumption Over the Life-Cycle

Number of pages: 54 Posted: 04 May 2001
Pierre-Olivier Gourinchas and Jonathan A. Parker
University of California, Berkeley - Department of Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 21 (628,322)
Citation 71
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Buffer stocks, life cycle, precautionary savings, simulated moments

Consumption Over the Life Cycle

Posted: 10 Nov 2003
Pierre-Olivier Gourinchas and Jonathan A. Parker
University of California, Berkeley - Department of Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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10.
Downloads 107 (301,383)
Citation 1

The Local Aggregate Effects of Minimum Wage Increases

FRB of Boston Working Paper No. 17-8
Number of pages: 55 Posted: 23 Oct 2017 Last Revised: 06 Feb 2019
Daniel Cooper, María José Luengo‐Prado and Jonathan A. Parker
Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 101 (315,488)

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minimum wage increases, prices, consumption, local aggregate effects

The Local Aggregate Effects of Minimum Wage Increases

NBER Working Paper No. w25761
Number of pages: 61 Posted: 24 Apr 2019
Daniel Cooper, María José Luengo‐Prado and Jonathan A. Parker
Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 6 (747,469)
Citation 1
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11.

Optimal Expectations

NBER Working Paper No. w10707
Number of pages: 47 Posted: 14 Sep 2004 Last Revised: 03 Dec 2004
Jonathan A. Parker and Markus K. Brunnermeier
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 100 (315,437)
Citation 62

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12.

Revenue Collapses and the Consumption of Small Business Owners in the Early Stages of the Covid-19 Pandemic

NBER Working Paper No. w28151
Number of pages: 56 Posted: 01 Dec 2020 Last Revised: 05 Dec 2020
Olivia Kim, Jonathan A. Parker and Antoinette Schoar
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 96 (323,763)

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13.

Dynamic Marketing Policies: Constructing Markov States for Reinforcement Learning

Number of pages: 37 Posted: 16 Jul 2020
Yuting Zhu, Duncan Simester, Jonathan A. Parker and Antoinette Schoar
Massachusetts Institute of Technology (MIT), Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 71 (387,396)
Citation 1

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14.

Measuring the Cyclicality of Real Wages: How Important is Composition Bias

NBER Working Paper No. w4202
Number of pages: 48 Posted: 18 Jun 2004 Last Revised: 27 Jun 2010
Gary Solon, Robert Barsky and Jonathan A. Parker
University of Arizona, Research Department, Federal Reserve Bank of Chicago and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 67 (399,628)
Citation 37

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Reported Preference vs. Revealed Preference: Evidence from the Propensity to Spend Tax Rebates

Number of pages: 41 Posted: 14 Jul 2017 Last Revised: 28 Sep 2017
Jonathan A. Parker and Nicholas S. Souleles
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Finance Department
Downloads 60 (428,703)
Citation 1

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Revealed preference, survey methods, treatment effects, consumption, marginal propensity to consume, fiscal policy

Reported Effects vs. Revealed-Preference Estimates: Evidence from the Propensity to Spend Tax Rebates

NBER Working Paper No. w23920
Number of pages: 23 Posted: 16 Oct 2017 Last Revised: 12 May 2021
Jonathan A. Parker and Nicholas S. Souleles
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Finance Department
Downloads 5 (755,970)

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16.

Spendthrift in America? on Two Decades of Decline in the U.S. Saving Rate

NBER Working Paper No. w7238
Number of pages: 58 Posted: 10 Jul 2000 Last Revised: 12 Apr 2021
Jonathan A. Parker
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 62 (415,916)
Citation 10

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17.
Downloads 57 (433,259)
Citation 22

The Empirical Importance of Precautionary Saving

NBER Working Paper No. w8107
Number of pages: 15 Posted: 03 Feb 2001 Last Revised: 26 Feb 2021
Pierre-Olivier Gourinchas and Jonathan A. Parker
University of California, Berkeley - Department of Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 41 (507,689)

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The Empirical Importance of Precautionary Saving

Number of pages: 19 Posted: 13 Apr 2001
Pierre-Olivier Gourinchas and Jonathan A. Parker
University of California, Berkeley - Department of Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 16 (666,049)
Citation 3
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Consumption, fluctuations, incomplete markets, insurance, precautionary saving, saving, wealth accumulation

18.

Consumption Risk and Cross-Sectional Returns

NBER Working Paper No. w9538
Number of pages: 46 Posted: 13 Mar 2003 Last Revised: 31 Oct 2010
Christian Julliard and Jonathan A. Parker
London School of Economics & Political Science (LSE) - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 53 (447,846)

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19.

The Integrated Financial and Real System of National Accounts for the United States: Does it Presage the Financial Crisis?

NBER Working Paper No. w14663
Number of pages: 17 Posted: 25 Jan 2009 Last Revised: 27 Jul 2010
Michael Palumbo and Jonathan A. Parker
Board of Governors of the Federal Reserve System and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 49 (463,268)
Citation 2

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20.

Consumer Spending and the Economic Stimulus Payments of 2008

NBER Working Paper No. w16684
Number of pages: 48 Posted: 18 Jan 2011 Last Revised: 01 Feb 2021
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Pennsylvania - Finance Department, University of Michigan at Ann Arbor, Government of the United States of America - Bureau of the Census and Bureau of Labor Statistics
Downloads 48 (467,354)
Citation 66

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21.

Reported Effects vs. Revealed-Preference Estimates: Evidence From the Propensity to Spend Tax Rebates

Number of pages: 22 Posted: 29 Jan 2019
Jonathan A. Parker and Nicholas S. Souleles
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Finance Department
Downloads 42 (492,904)
Citation 9

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Consumption, Tax Rebates, Survey Methodology, Revealed Preference

22.

An Economic Model of the Planning Fallacy

NBER Working Paper No. w14228
Number of pages: 41 Posted: 18 Aug 2008 Last Revised: 11 Nov 2013
Princeton University - Department of Economics, King's College London and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 41 (497,382)
Citation 2

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23.

Consumption Risk and Expected Stock Returns

NBER Working Paper No. w9548
Number of pages: 18 Posted: 08 Mar 2003 Last Revised: 01 Nov 2010
Jonathan A. Parker
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 40 (501,884)
Citation 7

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24.

On Measuring the Effects of Fiscal Policy in Recessions

NBER Working Paper No. w17240
Number of pages: 27 Posted: 24 Jul 2011 Last Revised: 08 Feb 2021
Jonathan A. Parker
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 39 (506,516)
Citation 10

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25.

Belief Disagreement and Portfolio Choice

NBER Working Paper No. w25108
Number of pages: 63 Posted: 01 Oct 2018 Last Revised: 04 Dec 2020
Washington University in St. Louis - John M. Olin Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 34 (530,898)
Citation 1

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26.

Who Bears Aggregate Fluctuations and How?

NBER Working Paper No. w14665
Number of pages: 15 Posted: 25 Jan 2009 Last Revised: 29 Jul 2010
Jonathan A. Parker and Annette Vissing-Jorgensen
Massachusetts Institute of Technology (MIT) - Sloan School of Management and National Bureau of Economic Research (NBER)
Downloads 33 (536,078)
Citation 9

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27.

Optimal Expectation

Number of pages: 49 Posted: 03 Dec 2004
Jonathan A. Parker and Markus K. Brunnermeier
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 29 (557,668)
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Expectation, heterogenous beliefs, belief biases, consumption, saving, portfolio choice, overconfidence, gambling

28.

Taxes and Growth in a Financially Underdeveloped Country: Evidence from the Chilean Investment Boom

NBER Working Paper No. w12104
Number of pages: 58 Posted: 14 May 2006 Last Revised: 28 Jan 2021
Chang-Tai Hsieh and Jonathan A. Parker
University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 28 (563,506)
Citation 4

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29.

Asymmetric Consumption Smoothing

NBER Working Paper No. w25086
Number of pages: 64 Posted: 24 Sep 2018
Brian Baugh, Itzhak Ben-David, Hoonsuk Park and Jonathan A. Parker
University of Nebraska at Lincoln, Ohio State University (OSU) - Department of Finance, University of Melbourne - Faculty of Business and Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 27 (569,557)
Citation 2

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30.

Retail Financial Innovation and Stock Market Dynamics: The Case of Target Date Funds

NBER Working Paper No. w28028
Number of pages: 51 Posted: 02 Nov 2020 Last Revised: 31 Jan 2021
Jonathan A. Parker, Antoinette Schoar and Yang Sun
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Brandeis University- International Business School
Downloads 17 (635,777)
Citation 2
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31.

The Increase in Income Cyclicality of High-Income Households and its Relation to the Rise in Top Income Shares

NBER Working Paper No. w16577
Number of pages: 51 Posted: 06 Dec 2010
Jonathan A. Parker and Annette Vissing-Jorgensen
Massachusetts Institute of Technology (MIT) - Sloan School of Management and National Bureau of Economic Research (NBER)
Downloads 17 (635,777)
Citation 12

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32.

Valuation, Adverse Selection, and Market Collapses

NBER Working Paper No. w18358
Number of pages: 44 Posted: 08 Sep 2012
Michael J. Fishman and Jonathan A. Parker
Kellogg School of Management - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 15 (649,984)
Citation 16

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33.

Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand

NBER Working Paper No. w22878
Number of pages: 39 Posted: 05 Dec 2016 Last Revised: 04 Jan 2021
Daniel Green, Brian Melzer, Jonathan A. Parker and Arcenis Rojas
Harvard Business School, Federal Reserve Bank of Chicago, Massachusetts Institute of Technology (MIT) - Sloan School of Management and U.S. Bureau of Labor Statistics
Downloads 13 (664,638)

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34.

Leads on Macroeconomic Risks to and from the Household Sector

NBER Working Paper No. w18510
Number of pages: 26 Posted: 03 Nov 2012 Last Revised: 29 Jan 2021
Jonathan A. Parker
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 8 (702,077)

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35.

A Dynamic Theory of Lending Standards

NBER Working Paper No. w27610
Number of pages: 67 Posted: 04 Aug 2020
Michael J. Fishman, Jonathan A. Parker and Ludwig Straub
Kellogg School of Management - Department of Finance, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Harvard University
Downloads 5 (725,203)
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36.

April 15 Syndrome

Economic Inquiry, Volume 35, Number 4, October 1997
Posted: 11 May 1998
University of Michigan, Stephen M. Ross School of Business, Arizona State University, Berkeley Planning Associates and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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