• 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 ...
    • 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 ...