This chapter surveys existing approaches to modeling labor supply and identifies important
gaps in the literature that could be addressed in future research. The discussion begins with …

Dynamic general equilibrium models are required to evaluate policies applied at the
national level. To use these models to make quantitative forecasts requires knowledge of an …

Using household survey data for the US and the UK, we show that the aggregate response
of consumption to interest rate changes is driven by households with a mortgage. Outright …

" Now in its fourth edition, this comprehensive introduction to fundamental panel data
methodologies provides insights on what is most essential in panel literature. A capstone to …

We collect 2735 estimates of the elasticity of intertemporal substitution in consumption from
169 published studies that cover 104 countries during different time periods. The estimates …

W HY DO PEOPLE save? J. Maynard Keynes (1936) lists eight motives which we reproduce
here with one addi-tion: 1 1." To build up a reserve against unforeseen contingencies"(the …

Americans have become considerably more obese over the past 25 years. This increase is
primarily the result of consuming more calories. The increase in food consumption is itself …

I examine 2,735 estimates of the elasticity of intertemporal substitution in consumption (EIS)
reported in 169 published studies. The literature shows strong selective reporting …

Micro data studies of household saving often find a significant group in the population with
virtually no wealth, raising concerns about heterogeneity in motives for saving. In particular …

We examine the equilibrium effects of college financial aid policies building an overlapping-
generations life cycle model with education, labor supply, and saving decisions. Cognitive …