• Asset market participation and portfolio choice over the life-cycle 

      Fagereng, Andreas; Gottlieb, Charles; Guiso, Luigi (Discussion papers;758, Working paper, 2013-10)
      We study the life cycle of portfolio allocation following for 15 years a large random sample of Norwegian households using error-free data on all components of households' investments drawn from the Tax Registry. Both, ...
    • Asset market participation and portfolio choice over the life-cycle 

      Fagereng, Andreas; Gottlieb, Charles; Guiso, Luigi (Journal article; Peer reviewed, 2017-01-20)
      Using error‐free data on life‐cycle portfolio allocations of a large sample of Norwegian households, we document a double adjustment as households age: a rebalancing of the portfolio composition away from stocks as they ...
    • Back to background risk? 

      Fagereng, Andreas; Guiso, Luigi; Pistaferri, Luigi (Discussion Papers;No. 834, Working paper, 2016-02-01)
      Estimating the effect of background risk on individual financial choices faces two challenges. Estimating the effect of background risk on individual financial choices faces two challenges. First, the identification of ...
    • Cash-on-hand and the duration of job search : quasi-experimental evidence from Norway 

      Basten, Christoph; Fagereng, Andreas; Telle, Kjetil (Journal article; Peer reviewed, 2014-05-23)
      We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a payment worth 1.2 months’ earnings at the median ...
    • Cash-on-Hand and the duration of job search. Quasi-experimental evidence from Norway 

      Basten, Christoph; Fagereng, Andreas; Telle, Kjetil (Discussion Papers;679, Working paper, 2012)
      We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a severance payment worth 1.2 months' earnings at the ...
    • Exchange rate volatility and export performance : a cointegrated VAR approach 

      Boug, Pål; Fagereng, Andreas (Discussion Papers;No. 522, Working paper, 2007)
      Abstract: During the last decades Norwegian exporters have ƒ{ despite various forms of exchange rate targeting ƒ{ faced a rather volatile exchange rate which may have influenced their behaviour. Recently, the shift to ...
    • Firm-Related Risk and Precautionary Saving Response. 

      Fagereng, Andreas; Guiso, Luigi; Pistaferri, Luigi (Journal article; Peer reviewed, 2017-05-05)
      We propose a new approach to identify the strength of the precautionary motive and the extent of self-insurance in response to earnings risk based on Euler equation estimates. To address endogeneity problems, we use Norwegian ...
    • Heterogeneity and Persistence in Returns to Wealth 

      Fagereng, Andreas; Guiso, Luigi; Malacrino, Davide; Pistaferri, Luigi (Discussion Papers;912, ; Working paper, 2019-07)
      We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax records. We document a number of novel results. First, individuals ...
    • Heterogeneity in Returns to Wealth and the Measurement of Wealth Inequality 

      Fagereng, Andreas; Guiso, Luigi; Malacrino, Davide; Pistaferri, Luigi (Journal article; Peer reviewed, 2016-05-05)
      Lacking a long time series on the assets of the very wealthy, Saez and Zucman (2015) use US tax records to obtain estimates of wealth holdings by capitalizing asset income from tax returns. They document marked upward ...
    • Imputing consumption from Norwegian income and wealth registry data 

      Fagereng, Andreas; Halvorsen, Elin (Discussion Papers;No. 831, Working paper, 2015-12-15)
      This paper documents a method for computing a longitudinal consumption measure for Norwegian households from administrative records of income and wealth. Data on consumption expenditure of the household is essential in ...
    • MPC heterogeneity and household balance sheets 

      Fagereng, Andreas; Holm, Martin B.; Natvik, Gisle J. (Discussion Papers;No. 852, Working paper, 2016-11-16)
      Using Norwegian administrative data, we study how sizable lottery prizes affect household expenditure and savings. Expenditure responses (MPCs) spike in the year of winning, with a mean estimate of 0.35, and thereafter ...
    • Portfolio choices, firm shocks, and uninsurable wage risk 

      Fagereng, Andreas; Guiso, Luigi; Pistaferri, Luigi (Journal article; Peer reviewed, 2017-04-06)
      Assessing the importance of uninsurable wage risk for individual financial choices faces two challenges. First, the identification of the marginal effect requires a measure of at least one component of risk that cannot be ...
    • Saving and portfolio allocation before and after job loss 

      Basten, Christoph; Fagereng, Andreas; Telle, Kjetil (Discussion Papers;672, Working paper, 2012)
      Using administrative panel data from Norway, we investigate the development of household labor income, financial wealth and asset holdings over a nine-year period surrounding job loss. Consistent with a simple theoretical ...
    • Saving and portfolio allocation before and after job loss 

      Basten, Christoph; Fagereng, Andreas; Telle, Kjetil (Journal article; Peer reviewed, 2016-03-14)
      We investigate the development of household labor income, financial wealth, and asset holdings over a 9-year period around job loss, using unique administrative panel data from Norway. Consistent with predictions from ...
    • Three essays in household finance 

      Fagereng, Andreas (Doctoral thesis, 2012)
      This thesis contains three chapters relating to the field of household finance. In the first chapter household life cycle investment behaviour is investigated using a panel of Norwegian administrative data and tax records. ...
    • Why do wealthy parents have wealthy children? 

      Fagereng, Andreas; Mogstad, Magne; Rønning, Marte (Discussion papers;813, Working paper, 2015-06)
      Strong intergenerational correlations in wealth have fueled a long-standing debate over why children of wealthy parents tend to be well off themselves. We investigate the role of family background in determining children's ...