Blar i Eksterne publiseringer / International and Nordic Publications på tidsskrift "American Economic Review"
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Firm-Related Risk and Precautionary Saving Response.
(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 in Returns to Wealth and the Measurement of Wealth Inequality
(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 ...