Add to ORKGThis chapter covers recent solutions to aggregation problems in three application areas: consumer demand analysis, consumption growth and wealth, and labor participation and wages. Each area involves treatment of heterogeneity and nonlinearity at the individual level. Three types of heterogeneity are highlighted: heterogeneity in individual tastes, heterogeneity in income and wealth risks, and heterogeneity in market participation. Work in each area is illustrated using results from empirical data. The overall aim is to present specific models that connect individual behavior with aggregate statistics, as well as to discuss the principles for constructing such models.
Abstract: In the aggregation literature, prices and price and income derivatives are often assumed ...
The thesis studies quantitative implications of the real business cycle models with heterogeneous a...
RECENT extensions of the theory of consumer behavior have led us to consider, on the one hand, produ...
In this PhD thesis I investigate the implications of heterogeneity and aggregation in macroeconomic ...
The aggregation problem in demand analysis and exchange equilibrium is studied by putting restrictio...
The aggregation problem in demand analysis and exchange equilibrium is studied by putting restrictio...
The aggregation problem in demand analysis and exchange equilibrium is studied by putting restrictio...
The paper deals with aggregate demand of a large population of households. A theoretical framework i...
This book argues that modern macroeconomics has completely overlooked the aggregate nature of the d...
This book argues that modern macroeconomics has completely overlooked the aggregate nature of the d...
Abstract: Heterogeneity in consumer behaviour creates differences in demand responses, which may cre...
The analysis of economic time series assumes specific economic behaviour of a representative agent. ...
aspects of this research. _1_1 11_-__111 This paper presents the problem of aggregation over indivi...
complete markets 1.1 Two preliminary results on aggregation of technologies and preferences In what ...
Approaches to aggregation are reviewed. These consist of random parameters, random right hand side v...
Abstract: In the aggregation literature, prices and price and income derivatives are often assumed ...
The thesis studies quantitative implications of the real business cycle models with heterogeneous a...
RECENT extensions of the theory of consumer behavior have led us to consider, on the one hand, produ...
In this PhD thesis I investigate the implications of heterogeneity and aggregation in macroeconomic ...
The aggregation problem in demand analysis and exchange equilibrium is studied by putting restrictio...
The aggregation problem in demand analysis and exchange equilibrium is studied by putting restrictio...
The aggregation problem in demand analysis and exchange equilibrium is studied by putting restrictio...
The paper deals with aggregate demand of a large population of households. A theoretical framework i...
This book argues that modern macroeconomics has completely overlooked the aggregate nature of the d...
This book argues that modern macroeconomics has completely overlooked the aggregate nature of the d...
Abstract: Heterogeneity in consumer behaviour creates differences in demand responses, which may cre...
The analysis of economic time series assumes specific economic behaviour of a representative agent. ...
aspects of this research. _1_1 11_-__111 This paper presents the problem of aggregation over indivi...
complete markets 1.1 Two preliminary results on aggregation of technologies and preferences In what ...
Approaches to aggregation are reviewed. These consist of random parameters, random right hand side v...
Abstract: In the aggregation literature, prices and price and income derivatives are often assumed ...
The thesis studies quantitative implications of the real business cycle models with heterogeneous a...
RECENT extensions of the theory of consumer behavior have led us to consider, on the one hand, produ...