메뉴 건너뛰기




Volumn 96, Issue 5, 2006, Pages 1821-1834

A new method of estimating risk aversion

Author keywords

[No Author keywords available]

Indexed keywords


EID: 33847620803     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.96.5.1821     Document Type: Article
Times cited : (448)

References (49)
  • 1
    • 27344449181 scopus 로고    scopus 로고
    • Consumption versus Expenditure
    • Aguiar, Mark, and Erik Hurst. 2005. "Consumption versus Expenditure." Journal of Political Economy, 113(5): 919-48.
    • (2005) Journal of Political Economy , vol.113 , Issue.5 , pp. 919-948
    • Aguiar, M.1    Hurst, E.2
  • 2
    • 0000790647 scopus 로고
    • Labor Supply, Hours Constraints, and Job Mobility
    • Altonji, Joseph G., and Christina H. Paxson. 1992. "Labor Supply, Hours Constraints, and Job Mobility." Journal of Human Resources, 27(2): 256-78.
    • (1992) Journal of Human Resources , vol.27 , Issue.2 , pp. 256-278
    • Altonji, J.G.1    Paxson, C.H.2
  • 3
    • 0040122102 scopus 로고    scopus 로고
    • The Effect of Income Taxes on Household Income
    • Auten, Gerald, and Robert Carroll. 1999. "The Effect of Income Taxes on Household Income." Review of Economics and Statistics, 81(4): 681-93.
    • (1999) Review of Economics and Statistics , vol.81 , Issue.4 , pp. 681-693
    • Auten, G.1    Carroll, R.2
  • 4
    • 0001099198 scopus 로고    scopus 로고
    • Barsky, Robert B., F. Thomas Juster, Miles S. Kimball, and Matthew D. Shapiro. 1997. Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Survey. Quarterly Journal of Economics, 112(2): 537-79.
    • Barsky, Robert B., F. Thomas Juster, Miles S. Kimball, and Matthew D. Shapiro. 1997. "Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Survey." Quarterly Journal of Economics, 112(2): 537-79.
  • 5
    • 0012694867 scopus 로고    scopus 로고
    • Long-Run Labor Supply and the Elasticity of Intertemporal Substitution for Consumption
    • Unpublished
    • Basu, Susanto, and Miles S. Kimball. 2002. "Long-Run Labor Supply and the Elasticity of Intertemporal Substitution for Consumption." Unpublished.
    • (2002)
    • Basu, S.1    Kimball, M.S.2
  • 6
    • 0038473842 scopus 로고    scopus 로고
    • What Accounts for the Variation in Retirement Wealth among U.S. Households?
    • Bernheim, B. Douglas, Jonathan Skinner, and Steven Weinberg. 2001. "What Accounts for the Variation in Retirement Wealth among U.S. Households?" American Economic Review, 91(4): 832-57.
    • (2001) American Economic Review , vol.91 , Issue.4 , pp. 832-857
    • Bernheim, B.D.1    Skinner, J.2    Weinberg, S.3
  • 7
    • 31744446601 scopus 로고    scopus 로고
    • Changes in the Labor Supply Behavior of Married Women: 1980-2000
    • National Bureau of Economic Research Working Paper 11230
    • Blau, Francine D., and Lawrence M. Kahn. 2005. "Changes in the Labor Supply Behavior of Married Women: 1980-2000." National Bureau of Economic Research Working Paper 11230.
    • (2005)
    • Blau, F.D.1    Kahn, L.M.2
  • 8
    • 27844602788 scopus 로고    scopus 로고
    • Financial Wealth, Consumption Smoothing, and Income Shocks Arising from Job Loss
    • Bloemen, Hans, and Elena Stancanelli. 2005. "Financial Wealth, Consumption Smoothing, and Income Shocks Arising from Job Loss." Economica, 72(3): 431-52.
    • (2005) Economica , vol.72 , Issue.3 , pp. 431-452
    • Bloemen, H.1    Stancanelli, E.2
  • 9
    • 0004902835 scopus 로고    scopus 로고
    • Estimating Labor Supply Responses Using Tax Reforms
    • Blundell, Richard, Alan Duncan, and Costas Meghir. 1998. "Estimating Labor Supply Responses Using Tax Reforms." Econometrica, 66(4): 827-61.
    • (1998) Econometrica , vol.66 , Issue.4 , pp. 827-861
    • Blundell, R.1    Duncan, A.2    Meghir, C.3
  • 10
    • 77956790241 scopus 로고    scopus 로고
    • Labor Supply: A Review of Alternative Approaches
    • ed. Orley Ashenfelter and David Card, Amsterdam: Elsevier Science North-Holland
    • Blundell, Richard, and Thomas MaCurdy. 1999. "Labor Supply: A Review of Alternative Approaches." In Handbook of Labor Economics. Vol. 3A, ed. Orley Ashenfelter and David Card, 1559-1695. Amsterdam: Elsevier Science North-Holland.
    • (1999) Handbook of Labor Economics , vol.3 A , pp. 1559-1695
    • Blundell, R.1    MaCurdy, T.2
  • 11
    • 0000164151 scopus 로고
    • Labor Supply Flexibility and Portfolio Choice in a Life Cycle Model
    • Bodie, Zvi, Robert C. Merton, and William F. Samuelson. 1992. "Labor Supply Flexibility and Portfolio Choice in a Life Cycle Model." Journal of Economic Dynamics and Control, 16(3-4): 427-49.
    • (1992) Journal of Economic Dynamics and Control , vol.16 , Issue.3-4 , pp. 427-449
    • Bodie, Z.1    Merton, R.C.2    Samuelson, W.F.3
  • 12
    • 0012716627 scopus 로고    scopus 로고
    • Unemployment Insurance Benefit Levels and Consumption Changes
    • Browning, Martin, and Thomas F. Crossley. 2001. "Unemployment Insurance Benefit Levels and Consumption Changes." Journal of Public Economics, 80(1): 1-23.
    • (2001) Journal of Public Economics , vol.80 , Issue.1 , pp. 1-23
    • Browning, M.1    Crossley, T.F.2
  • 13
    • 0000639922 scopus 로고
    • A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle
    • Browning, Martin, Angus Deaton, and Margaret Irish. 1985. "A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle." Econometrica, 53(3): 503-43.
    • (1985) Econometrica , vol.53 , Issue.3 , pp. 503-543
    • Browning, M.1    Deaton, A.2    Irish, M.3
  • 14
    • 77956782282 scopus 로고    scopus 로고
    • Micro Data and General Equilibrium Models
    • ed. John B. Taylor and Michael Woodford, Amsterdam: Elsevier Science North-Holland
    • Browning, Martin, Lars P. Hansen, and James J. Heckman. 1999. "Micro Data and General Equilibrium Models." In Handbook of Macroeconomics. Vol. 1A, ed. John B. Taylor and Michael Woodford, 543-633. Amsterdam: Elsevier Science North-Holland.
    • (1999) Handbook of Macroeconomics , vol.1 A , pp. 543-633
    • Browning, M.1    Hansen, L.P.2    Heckman, J.J.3
  • 16
    • 33847621687 scopus 로고    scopus 로고
    • Chetty, Raj. 2006. A Bound on Risk Aversion Using Labor Supply Elasticities. National Bureau of Economic Research Working Paper 12067.
    • Chetty, Raj. 2006. "A Bound on Risk Aversion Using Labor Supply Elasticities. National Bureau of Economic Research Working Paper 12067.
  • 17
    • 0000771587 scopus 로고
    • A Simple Test of Consumption Insurance
    • Cochrane, John H. 1991. "A Simple Test of Consumption Insurance." Journal of Political Economy, 99(5): 957-76.
    • (1991) Journal of Political Economy , vol.99 , Issue.5 , pp. 957-976
    • Cochrane, J.H.1
  • 20
    • 0000393708 scopus 로고    scopus 로고
    • Habit Formation in Consumer Preferences: Evidence from Panel Data
    • Dynan, Karen E. 2000. "Habit Formation in Consumer Preferences: Evidence from Panel Data." American Economic Review, 90(3): 391-406.
    • (2000) American Economic Review , vol.90 , Issue.3 , pp. 391-406
    • Dynan, K.E.1
  • 22
    • 84935429666 scopus 로고
    • Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis
    • Epstein, Larry G., and Stanley E. Zin. 1991. "Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis." Journal of Political Economy, 99(2): 263-86.
    • (1991) Journal of Political Economy , vol.99 , Issue.2 , pp. 263-286
    • Epstein, L.G.1    Zin, S.E.2
  • 23
    • 77956489114 scopus 로고
    • The Effect of Marginal Tax Rates on Taxable Income: A Panel Study of the 1986 Tax Reform Act
    • Feldstein, Martin. 1995. "The Effect of Marginal Tax Rates on Taxable Income: A Panel Study of the 1986 Tax Reform Act." Journal of Political Economy, 103(3): 551-72.
    • (1995) Journal of Political Economy , vol.103 , Issue.3 , pp. 551-572
    • Feldstein, M.1
  • 24
    • 0041125784 scopus 로고    scopus 로고
    • Tax Avoidance and the Deadweight Loss of the Income Tax
    • Feldstein, Martin. 1999. "Tax Avoidance and the Deadweight Loss of the Income Tax." Review of Economics and Statistics, 81(4): 674-80.
    • (1999) Review of Economics and Statistics , vol.81 , Issue.4 , pp. 674-680
    • Feldstein, M.1
  • 25
    • 0034380870 scopus 로고    scopus 로고
    • The Labor Supply Effects of the Social Security Earnings Test
    • Friedberg, Leora. 2000. "The Labor Supply Effects of the Social Security Earnings Test." Review of Economics and Statistics, 82(1): 48-63.
    • (2000) Review of Economics and Statistics , vol.82 , Issue.1 , pp. 48-63
    • Friedberg, L.1
  • 26
    • 0001202741 scopus 로고    scopus 로고
    • Economists' Views about Parameters, Values, and Policies: Survey Results in Labor and Public Economics
    • Fuchs, Victor R., Alan B. Krueger, and James M. Poterba. 1998. "Economists' Views about Parameters, Values, and Policies: Survey Results in Labor and Public Economics." Journal of Economic Literature, 36(3): 1387-1425.
    • (1998) Journal of Economic Literature , vol.36 , Issue.3 , pp. 1387-1425
    • Fuchs, V.R.1    Krueger, A.B.2    Poterba, J.M.3
  • 27
    • 0002639059 scopus 로고    scopus 로고
    • Insuring Consumption against Illness
    • Gertler, Paul, and Jonathan Gruber. 2002. "Insuring Consumption against Illness." American Economic Review, 92(1): 51-76.
    • (2002) American Economic Review , vol.92 , Issue.1 , pp. 51-76
    • Gertler, P.1    Gruber, J.2
  • 28
    • 0001322304 scopus 로고    scopus 로고
    • The Consumption Smoothing Benefits of Unemployment Insurance
    • Gruber, Jonathan. 1997. "The Consumption Smoothing Benefits of Unemployment Insurance." American Economic Review, 87(1): 192-205.
    • (1997) American Economic Review , vol.87 , Issue.1 , pp. 192-205
    • Gruber, J.1
  • 29
    • 0343735589 scopus 로고    scopus 로고
    • Unemployment Insurance, Consumption Smoothing, and Private Insurance: Evidence from the PSID and CEX
    • ed. Stephen A. Woodbury, Stamford: JAI Press
    • Gruber, Jonathan. 1998. "Unemployment Insurance, Consumption Smoothing, and Private Insurance: Evidence from the PSID and CEX." In Research in Employment Policy: Reform of the Unemployment Insurance System. Vol. 1, ed. Stephen A. Woodbury, 3-32. Stamford: JAI Press.
    • (1998) Research in Employment Policy: Reform of the Unemployment Insurance System , vol.1 , pp. 3-32
    • Gruber, J.1
  • 30
    • 0036109066 scopus 로고    scopus 로고
    • The Elasticity of Taxable Income: Evidence and Implications
    • Gruber, Jonathan, and Emmanuel Saez. 2002. "The Elasticity of Taxable Income: Evidence and Implications." Journal of Public Economics, 84(1): 1-32.
    • (2002) Journal of Public Economics , vol.84 , Issue.1 , pp. 1-32
    • Gruber, J.1    Saez, E.2
  • 31
    • 84936526550 scopus 로고
    • Intertemporal Substitution in Consumption
    • Hall, Robert E. 1988. "Intertemporal Substitution in Consumption." Journal of Political Economy, 96(2): 339-57.
    • (1988) Journal of Political Economy , vol.96 , Issue.2 , pp. 339-357
    • Hall, R.E.1
  • 33
    • 0040376043 scopus 로고    scopus 로고
    • Estimating the Effect of Unearned Income on Labor Earnings, Savings, and Consumption: Evidence from a Survey of Lottery Players
    • Imbens, Guido W., Donald B. Rubin, and Bruce I. Sacerdote. 2001. "Estimating the Effect of Unearned Income on Labor Earnings, Savings, and Consumption: Evidence from a Survey of Lottery Players." American Economic Review, 91(4): 778-94.
    • (2001) American Economic Review , vol.91 , Issue.4 , pp. 778-794
    • Imbens, G.W.1    Rubin, D.B.2    Sacerdote, B.I.3
  • 34
    • 24144470766 scopus 로고    scopus 로고
    • The Value of a Statistical Life and the Coefficient of Relative Risk Aversion
    • Kaplow, Louis. 2005. "The Value of a Statistical Life and the Coefficient of Relative Risk Aversion." Journal of Risk and Uncertainty, 31(1): 23-34.
    • (2005) Journal of Risk and Uncertainty , vol.31 , Issue.1 , pp. 23-34
    • Kaplow, L.1
  • 35
    • 15244363192 scopus 로고
    • Production, Growth and Business Cycles: I. The Basic Neoclassical Model
    • King, Robert G., Charles I. Plosser, and Sergio T. Rebelo. 1988. "Production, Growth and Business Cycles: I. The Basic Neoclassical Model." Journal of Monetary Economics, 21(2-3): 195-232.
    • (1988) Journal of Monetary Economics , vol.21 , Issue.2-3 , pp. 195-232
    • King, R.G.1    Plosser, C.I.2    Rebelo, S.T.3
  • 36
    • 0002426025 scopus 로고    scopus 로고
    • The Equity Premium: It's Still a Puzzle
    • Kocherlakota, Narayana R. 1996. "The Equity Premium: It's Still a Puzzle." Journal of Economic Literature, 34(1): 42-71.
    • (1996) Journal of Economic Literature , vol.34 , Issue.1 , pp. 42-71
    • Kocherlakota, N.R.1
  • 37
    • 33847646770 scopus 로고    scopus 로고
    • Reference- Dependent Risk Attitudes
    • Unpublished
    • Koszegi, Botond and Rabin, Matthew. 2005. "Reference- Dependent Risk Attitudes." Unpublished.
    • (2005)
    • Koszegi, B.1    Rabin, M.2
  • 38
    • 0000424460 scopus 로고
    • An Empirical Model of Labor Supply in a Life-Cycle Setting
    • MaCurdy, Thomas E. 1981. "An Empirical Model of Labor Supply in a Life-Cycle Setting." Journal of Political Economy, 89(6): 1059-85.
    • (1981) Journal of Political Economy , vol.89 , Issue.6 , pp. 1059-1085
    • MaCurdy, T.E.1
  • 39
    • 0001439787 scopus 로고
    • Assessing Empirical Approaches for Analyzing Taxes and Labor Supply
    • MaCurdy, Thomas, David Green, and Harry J. Paarsch. 1990. "Assessing Empirical Approaches for Analyzing Taxes and Labor Supply." Journal of Human Resources, 25(3): 415-90.
    • (1990) Journal of Human Resources , vol.25 , Issue.3 , pp. 415-490
    • MaCurdy, T.1    Green, D.2    Paarsch, H.J.3
  • 42
    • 77956848183 scopus 로고
    • Labor Supply of Men: A Survey
    • ed. Orley Ashenfelter and Richard Layard, Amsterdam: Elsevier Science North-Holland
    • Pencavel, John H. 1986. "Labor Supply of Men: A Survey." In Handbook of Labor Economics. Vol. 1, ed. Orley Ashenfelter and Richard Layard, 3-102. Amsterdam: Elsevier Science North-Holland.
    • (1986) Handbook of Labor Economics , vol.1 , pp. 3-102
    • Pencavel, J.H.1
  • 45
    • 33751525320 scopus 로고    scopus 로고
    • Risk Aversion and Expected-Utility Theory: A Calibration Theorem
    • Rabin, Matthew. 2000. "Risk Aversion and Expected-Utility Theory: A Calibration Theorem." Econometrica, 68(5): 1281-92.
    • (2000) Econometrica , vol.68 , Issue.5 , pp. 1281-1292
    • Rabin, M.1
  • 46
    • 0000268935 scopus 로고    scopus 로고
    • Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk
    • Starmer, Chris. 2000. "Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk." Journal of Economic Literature, 38(2): 332-82.
    • (2000) Journal of Economic Literature , vol.38 , Issue.2 , pp. 332-382
    • Starmer, C.1
  • 47
    • 0035579153 scopus 로고    scopus 로고
    • Stephens, Melvin, Jr. 2001. The Long-Run Consumption Effects of Earnings Shocks. Review of Economics and Statistics, 83(1): 28-36.
    • Stephens, Melvin, Jr. 2001. "The Long-Run Consumption Effects of Earnings Shocks." Review of Economics and Statistics, 83(1): 28-36.
  • 48
    • 34547317730 scopus 로고    scopus 로고
    • Sweating the Small Stuff: The Demand for Low Deductibles in Homeowners Insurance
    • Unpublished
    • Sydnor, Justin. 2005. "Sweating the Small Stuff: The Demand for Low Deductibles in Homeowners Insurance." Unpublished.
    • (2005)
    • Sydnor, J.1
  • 49
    • 0001926061 scopus 로고
    • Nonexpected Utility in Macroeconomics
    • Weil, Philippe. 1990. "Nonexpected Utility in Macroeconomics." Quarterly Journal of Economics, 105(1): 29-42.
    • (1990) Quarterly Journal of Economics , vol.105 , Issue.1 , pp. 29-42
    • Weil, P.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.