Browsing Statistics Norway's Open Research Repository (SNORRe) by Author "Pistaferri, Luigi"

Now showing items 1-5 of 5

    • 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 ...

    • 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 ...

    • 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 ...