NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2005

Aggregate Implications of Microeconomic Consumption Behavior

Orazio Attanasio, Christopher Carroll, and Jose-Victor Rios-Rull, Organizers

July 18-22, 2005

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

PRELIMINARY PROGRAM

MONDAY, JULY 18:
12:00 n	Lunch
1:00 pm	ORAZIO ATTANASIO, University College London and NBER
	NICOLA PAVONI, University College London
	Risk Sharing With Moral Hazard and Hidden Saving
2:00 pm	Break
2:15 pm	MARTIN GERVAIS and PAUL KLEIN, University of Western Ontario
	Risk Sharing
3:15 pm	GEORGE-MARIOS ANGELETOS, MIT
	Uninsured Idiosyncratic Investment Risk and Aggregate Saving
4:15 pm	Adjourn
TUESDAY, JULY 19:
12:00 n	Lunch
1:00 pm	FRANCISCO COVAS, Bank of Canada
	Uninsured Idiosyncratic Production Risk With BorrowingConstraints
2:00 pm	Break
2:15 pm	THOMAS BRODATY, Université de Cergy-Pontoise
	ROBERT GARY-BOBO, Université Paris 1 Panthéon-Sorbonne
	ANA PRIETO, Université de Cergy-Pontoise
	Risk Aversion, Expected Earning, and Opportunity Costs: A structural Econometric
	Model of Human Capital Investment
3:15 pm	HELENA SKYT NIELSEN, University of Aarhus
	ANNETTE VISSING-JORGENSEN, Northwestern University and NBER
	The Impact of Labor Income Risk on Education Choices:
	Estimates and Implies Risk Aversion
4:15 pm	Adjourn
WEDNESDAY, JULY 20:
12:00 n	Lunch
1:00 pm	CHRISTOPHER CARROLL, Johns Hopkins University and NBER
	JIRI SLACALEK, DIW Berlin
	MARTIN SOMMER, International Monetary Fund
	Sticky Expectations and Consumption Dynamics
2:00 pm	Break
2:15 pm	JOHN KNOWLES, University of Pennsylvania
	Why Are Married Men Working So Much?
3:15 pm	MATTEO IACOVIELLO, Boston College
	Private Debt and Income Inequality: A Business Cycle Analysis
4:15 pm	Adjourn
6:00 pm	Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA
THURSDAY, JULY 21:
12:00 n	Lunch
1:00 pm	MATT CHAMBERS, Towson University
	CARLOS GARRIGA and DON SCHLAGENHAUF, University of Florida
	Mortgage Contracts and Housing Tenure Decisions
1:50 pm	CESAIRE MEH and YAZ TERAJIMA, Bank of Canada
	Housing, Personal Bankruptcy and Entrepreneurship
2:40 pm	Break
2:55 pm	VICTOR RIOS-RULL, University of Pennsylvania and NBER
	VIRGINIA SANCHEZ-MARCOS, Universidad de Cantabria
	Housing in General Equilibrium
3:45 pm	DEAN CORBAE, University of Texas at Austin
	ERWAN QUINTAN, Federal Reserve Bank of Dallas
	To ARM or not to ARM: Contract Choice as a Signal
4:35 pm	Adjourn
FRIDAY, JULY 22:
12:00 n	Lunch
1:00 pm	MARK AGUIAR, Federal Reserve Bank of Boston
	ERIK HURST, University of Chicago
	Lifecycle Prices and Production
2:00 pm	Break
2:15 pm	THOMAS CROSSLEY, McMaster University
	HAMISH LOW, University of Cambridge
	Unexploited Connections between intra and Intertemporal Allocations
3:15 pm	TULLIO JAPPELLI and MARIO PADULA, Università di Salerno
	LUIGI PISTAFERRI, Stanford University
	A Direct Test of the Buffer-stock Model of Saving
4:15 pm	Adjourn
6/9/05