We gratefully acknowledge financial support from NSF grants (respectively) SES-0318014 and SES-0317872. We are grateful to Marco Bassetto, Wojciech Kopczuk, Robert Townsend, and an anonymous referee for helpful comments. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Chicago, the Federal Reserve Board, the Federal Reserve System, or the NSF. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the Nationa
and the University of Chicago for their comments. Financial support from the NSF is gratefully ackno...
and Social Policy Proseminar for very helpful comments and advice. All errors are my own. The views ...
Gordon Hanson, seminars participants at many institutions, and especially Esteban Rossi-Hansberg for...
We gratefully acknowledge financial support from NSF grants (respectively) SES-0318014 and SES-03178...
I gratefully acknowledge support from the ERC, grant 614328 “Savings and Risks ” and from the ESRC t...
for Economic Dynamics. We thank the National Science Foundation for financial support. The views exp...
comments. We also thank Daniel Davidson for excellent research assistance. Shapiro gratefully acknow...
Tarjei Havnes and Sergio Firpo for useful comments. The views expressed in this paper do not necessa...
We are grateful to Greg Kaplan, Ctirad Slavik, and Kai Steverson for outstanding research assistance...
through the Centre for Macroeconomics. We thank Helen Koshy for comments. The views expressed herein...
The authors are grateful to the NSF for financial support. The views expressed herein are those of t...
on Friction and Policy (Amsterdam 2011) and the American Economic Association Meeting (Chicago 2012)...
Fella is grateful to UCL for the generous hospitality while working on this paper. We thank Marshall...
Rai, Ivan Werning, an editor, three anonymous referees, and to seminar participants at many institut...
and the University of Maryland for useful comments. We also thank Cristian Alonso, Joshua Bernstein,...
and the University of Chicago for their comments. Financial support from the NSF is gratefully ackno...
and Social Policy Proseminar for very helpful comments and advice. All errors are my own. The views ...
Gordon Hanson, seminars participants at many institutions, and especially Esteban Rossi-Hansberg for...
We gratefully acknowledge financial support from NSF grants (respectively) SES-0318014 and SES-03178...
I gratefully acknowledge support from the ERC, grant 614328 “Savings and Risks ” and from the ESRC t...
for Economic Dynamics. We thank the National Science Foundation for financial support. The views exp...
comments. We also thank Daniel Davidson for excellent research assistance. Shapiro gratefully acknow...
Tarjei Havnes and Sergio Firpo for useful comments. The views expressed in this paper do not necessa...
We are grateful to Greg Kaplan, Ctirad Slavik, and Kai Steverson for outstanding research assistance...
through the Centre for Macroeconomics. We thank Helen Koshy for comments. The views expressed herein...
The authors are grateful to the NSF for financial support. The views expressed herein are those of t...
on Friction and Policy (Amsterdam 2011) and the American Economic Association Meeting (Chicago 2012)...
Fella is grateful to UCL for the generous hospitality while working on this paper. We thank Marshall...
Rai, Ivan Werning, an editor, three anonymous referees, and to seminar participants at many institut...
and the University of Maryland for useful comments. We also thank Cristian Alonso, Joshua Bernstein,...
and the University of Chicago for their comments. Financial support from the NSF is gratefully ackno...
and Social Policy Proseminar for very helpful comments and advice. All errors are my own. The views ...
Gordon Hanson, seminars participants at many institutions, and especially Esteban Rossi-Hansberg for...