NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2008

Aggregate Implications of Microeconomic Consumption Behavior

Orazio Attanasio, Christopher Carroll, and Jose-Victor Rios-Rull, Organizers

July 16-20, 2007

Royal Sonesta Hotel

Parkview Room

40 Edwin H. Land Blvd.

Cambridge, Massachusetts

PROGRAM

MONDAY, JULY 16:
8:30 am	Coffee and Pastries
9:00 am	GALINA VERESHCHAGINA, Arizona State University
	Preferences for Risk in a Dynamic Model with Consumption Commitments
10:00 am	Break
10:15 am	ANTHONY SMITH, Yale University
	FATIH GUVENEN, University of Texas and NBER
	Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach
11:15 am	Break
11:30 am	OLGA GORBACHEV, Columbia University
	Did Household Consumption Become More Volatile?
12:30 pm	Lunch and Adjourn
TUESDAY, JULY 17:
8:30 am	Coffee and Pastries
9:00 am	KARTIK.ATHREYA, Federal Reserve Bank of Richmond
	Credit Market Innovations and the Changing Role of Unsecured Credit
10:00 am	Break
10:15 am	GENG LI and KATHLEEN JOHNSON, Federal Reserve Board
	Do High Debt Payments Hinder Household Consumption Smoothing?
11:15 am	Break
11:30 am	ADAM SZEIDL, UC, Berkeley
	ATTILA AMBRUS, Harvard University
	MARKUS MOBIUS, MIT and NBER
	Consumption Risksharing in Social Networks
12:30 pm	Lunch and Adjourn
WEDNESDAY, JULY 18:
8:30 am	Coffee and Pastries
9:00 am	ERIC YOUNG and PONPOJE PORAPAKKARM University of Virginia
	Information Heterogeneity in the Macroeconomy
10:00 am	Break
10:15 am	GUGLIELMO WEBER and DIMITRIOS CHRISTELIS, University of Padua
	Expected Bequests and Current Wealth in Share, Elsa and Hrs
11:15 am	Break
11:30 am	FRANCISCO COVAS, Federal Reserve Board
	SHIGERU FUJITA, Federal Reserve Bank of Philadelphia
	Uninsurable Investment Risk and Approximate Aggregation
12:30 pm	Lunch and Adjourn
6:00 pm	Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA
THURSDAY, JULY 19:
8:30 am	Coffee and Pastries
9:00 am	ERIK HURST, University of Chicago and NBER
	KERWIN CHARLES and NICK ROUSSANOV, University of Chicago
	Conspicuous Consumption and Race
10:00 am	Break
10:15 am	ALESSANDRO BUCCIOL, University of Padua
	The Role of Temptation in Explaining Individual Behavior Over the Life Cycle
11:15 am	Break
11:30 am	MARIA JOSE LUENGO PRADO, Northeastern University
	DMYTRO HRYSHKO, University of Alberto
	BENT SORENSEN, University of Houston
	Childhood Determinants of Risk Aversion: The Long Shadow of Compulsory Education
12:30 pm	Lunch and Adjourn
FRIDAY, JULY 20:
8:30 am	Coffee and Pastries
9:00 am	MAURIZIO MAZZOCCO, UC, Los Angeles
	SHINTARO YAMAGUCHI, McMaster University
	Labor Supply, Wealth Dynamics, and Marriage Decisions
10:00 am	Break
10:15 am	JOSEP PIJOAN-MAS and CLAUDIO MICHAELACCI, Centre for Monetary and Financial Studies
	The Effects of Labor Market Conditions on Working Time: The US-EU Experience
11:15 am	Break
11:30 am	JOHN KNOWLES, University of Pennsylvania
	High-Powered Jobs: Can Contraception Technology Explain Trends in Women's Occupational  Choice?
12:30 pm	Lunch and Adjourn
6/18/07