NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2004

Aggregate Implications of Microeconomic Consumption Behavior

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

Royal Sonesta Hotel
5 Cambridge Parkway
Cambridge, Massachusetts

July 19-23, 2004
PROGRAM

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MONDAY, JULY 19:

12:00 N	Lunch
1:00 PM	ORAZIO ATTANASIO, University College London and NBER ERICH BATTISTIN, Institute for Fiscal Studies HIDEHIKO ICHIMURA, University College London What Really Happened to Consumption Inequality in the US
2:00 PM	Break
2:15 PM	ROBERT SCHOENI, PSID, Michigan Survey Research Center JONATHAN SKINNER, Dartmouth College and NBER STEPHEN ZELDES, Columbia University and NBER Panel Discussion of Potential Consumption Questions on the PSID
3:15 PM	YANNIS BILIAS, DIMITRIS GEORGARAKOS and MICHAEL HALIASSOS, University of Cyprus Equity Culture and the Distribution of Wealth
4:15 PM	Adjourn

TUESDAY, JULY 20:

12:00 N	Lunch
1:00 PM	FATIH GUVENEN, University of Rochester Learning Your Earning: Are Labor Income Shocks Really Very Persistent
2:00 PM	Break
2:15 PM	SOREN LETH-PETERSEN, AKF, Institute of Local Government Studies, Denmark Intertemporal Consumption and Credit Constraints: Does Consumption Respond to an Exogenous Shock to Credit?
3:15 PM	JOSE-VICTOR RIOS-RULL, University of Pennsylvania and NBER Credit Market Imperfections
4:15 PM	Adjourn

WEDNESDAY, JULY 21:

12:00 N	Lunch
1:00 PM	MARK HUGGETT, Georgetown University GUSTAVO VENTURA, Pennsylvania State University AMIR YARON, University of Pennsylvania Permanent-Income Theory with Risky Human Capital
2:00 PM	Break
2:15 PM	GIOVANNI GALLIPOLI, University College London Human Capital Accumulation, Education Policy, and Earnings Dispersion
3:15 PM	NEZIH GUNER, Pennsylvania State University Marital Instability and the Distribution of Wealth
4:15 PM	Adjourn
6:00 PM	Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA

THURSDAY, JULY 22:

12:00 N	Lunch
1:00 PM	THOMAS KREBS, Brown University Welfare Costs of Business Cycles When Markets are Incomplete
2:00 PM	Break
2:15 PM	ALEX MICHAELIDES, London School of Economics Saving, Search and Incomplete Information
3:15 PM	MICHAEL REITER, Universitat Pompeu Fabra Do the Rich Save Too Much? How to Explain the Top Tail of the Wealth Distribution
4:15 PM	Adjourn

FRIDAY, JULY 23:

12:00 N	Lunch
1:00 PM	HAMISH LOW, University of Cambridge When Might Unemployment Insurance Matter?
2:00 PM	Break
2:15 PM	EVA CARCELES-POVEDA, SUNY Stony Brook Endogenous Trading Constraints in Incomplete Asset Markets
3:15 PM	JUAN CARLOS CONESA, Universitat Pompeu Fabra Optimal Design of Social Security Reforms
4:15 PM	Adjourn