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

32

DOWNLOADS

3,588

CITATIONS
Rank 421

SSRN RANKINGS

Top 421

in Total Papers Citations

1,091

Scholarly Papers (32)

1.
Downloads 1,082 ( 18,696)
Citation 71

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 1,030 (19,703)
Citation 71

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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 52 (379,166)
Citation 71

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2.
Downloads 647 ( 38,619)
Citation 67

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 564 (45,762)
Citation 67

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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 83 (294,517)
Citation 67

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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 259 (114,543)
Citation 35

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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
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 26 (490,250)
Citation 35

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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 (650,883)
Citation 35
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Belief biases, heterogeneous beliefs, optimal expectations, skewness

4.
Downloads 182 (161,715)
Citation 15

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 150 (191,507)
Citation 15

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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 32 (458,423)
Citation 15

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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 Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 180 (163,367)
Citation 119

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Consumption Capital Asset Pricing Model, Expected returns, Equity

Consumption Risk and the Cross Section of Expected Returns

Journal of Political Economy, Vol. 113, pp. 185-222, February 2005
Posted: 13 Jan 2005
Christian Julliard and Jonathan A. Parker
London School of Economics & Political Science (LSE) - Department of Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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6.

Asymmetric Consumption Response of Households to Positive and Negative Anticipated Cash Flows

Fisher College of Business Working Paper No. 2013-03-20, Charles A. Dice Center Working Paper No. 2013-20
Number of pages: 63 Posted: 22 Dec 2013 Last Revised: 11 Sep 2018
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, Nanyang Technological University (NTU) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 150 (191,080)

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household finance, financial constraints, precautionary savings, buffer stock, myopia, tax refund, life-cycle model, permanent-income hypothesis, excess sensitivity

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 108 (247,260)

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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 9 (597,858)

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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 92 (275,796)

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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 7 (611,068)

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9.
Downloads 96 (266,327)
Citation 222

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 75 (313,006)
Citation 222

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Consumption Over the Life-Cycle

CEPR Discussion Paper No. 2345
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 (520,710)
Citation 222
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Buffer stocks, life cycle, precautionary savings, simulated moments

Consumption Over the Life Cycle

Econometrica, Vol. 70, pp. 47-89, January 2002
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.

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 91 (275,609)
Citation 83

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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 69 (328,267)

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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 5 (624,668)
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12.

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 62 (343,075)
Citation 114

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13.

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
Jonathan A. Parker
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 60 (348,694)
Citation 33

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14.
Downloads 48 (386,198)
Citation 23

The Empirical Importance of Precautionary Saving

NBER Working Paper No. w8107
Number of pages: 15 Posted: 03 Feb 2001 Last Revised: 20 Oct 2010
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 32 (458,423)
Citation 23

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The Empirical Importance of Precautionary Saving

CEPR Discussion Paper No. 2737
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 (552,294)
Citation 23
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Consumption, fluctuations, incomplete markets, insurance, precautionary saving, saving, wealth accumulation

15.

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 Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 46 (392,994)
Citation 115

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16.

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 - Flow of Funds Section and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 44 (400,060)
Citation 2

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17.

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 38 (422,659)
Citation 101

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18.

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 36 (430,704)
Citation 3

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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 31 (463,458)

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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
Jonathan A. Parker and Nicholas S. Souleles
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Finance Department
Downloads 3 (640,206)

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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
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 31 (451,974)
Citation 22

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21.

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 31 (451,974)
Citation 12

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22.

On Measuring the Effects of Fiscal Policy in Recessions

NBER Working Paper No. w17240
Number of pages: 27 Posted: 24 Jul 2011 Last Revised: 03 Aug 2011
Jonathan A. Parker
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 30 (456,555)
Citation 7

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23.

Optimal Expectation

CEPR Discussion Paper No. 4656
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 (461,302)
Citation 18
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Expectation, heterogenous beliefs, belief biases, consumption, saving, portfolio choice, overconfidence, gambling

24.

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: 30 Jul 2010
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 23 (492,726)
Citation 8

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25.

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 20 (509,579)

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Consumption, Tax Rebates, Survey Methodology, Revealed Preference

26.

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 15 (538,093)
Citation 4

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27.

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 13 (549,785)
Citation 3

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28.

Belief Disagreement and Portfolio Choice

NBER Working Paper No. w25108
Number of pages: 75 Posted: 01 Oct 2018
MIT Sloan School of Management, 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 12 (555,677)
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29.

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 Dec 2013
Jonathan A. Parker
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 6 (591,573)

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30.

Asymmetric Consumption Response of Households to Positive and Negative Anticipated Cash Flows

NBER Working Paper No. w25086
Number of pages: 56 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, Nanyang Technological University (NTU) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 3 (611,686)
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31.

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

NBER Working Paper No. w22878
Number of pages: 39 Posted: 05 Dec 2016
Daniel Green, Brian Melzer, Jonathan A. Parker and Arcenis Rojas
Massachusetts Institute of Technology (MIT), Students, Federal Reserve Bank of Chicago, Massachusetts Institute of Technology (MIT) - Sloan School of Management and U.S. Bureau of Labor Statistics
Downloads 2 (621,053)

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32.

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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