A New Method of Estimating Risk Aversion

By Raj Chetty. 2006

734 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Gender Studies

View Paper: https://www.semanticscholar.org/paper/f5892c1faa1b86b68871ad232db020c1f88aba3e

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Citations in the corpus

Cash-on-Hand and Competing Models of Intertemporal Behavior: New Evidence from the Labor Market (2007, methodology): “The predicted values of m2 for the PIH and credit-constraint models in this gure assume r = 5% and = 2, which are typical parameter choices for the interest rate and risk aversion in the literature (see e.g., Carroll 2004, Chetty 2006b).”
Social Insurance: Connecting Theory to Data (2012, methodology): “Chetty (2006a) proposes a di¤erent method of estimating that does not rely on subjective probabilities.”
Consumption and labor supply with partial insurance: An analytical framework (2014, positive): “In a similar spirit, Chetty (2006) argues that existing empirical evidence on the response of hours to permanent shocks to wages can be used to bound estimates for risk aversion.”
Asset pricing and ambiguity: Empirical evidence (2018, neutral): “13 However, since the (11)A representative investor can be defined as one whose tastes and beliefs are such that, if all investors in the economy had identical tastes and beliefs, the equilibrium in the economy would remain unchanged; see, for example, Constantinides (1982). (12)Each, the volatility”
Taxation and Corporate Risk-Taking (2017, background): “Prior papers have addressed the effects of managerial incentives, including May (1995); Demski and Dye (1999); Rajgopal and Shevlin (2002); and Coles et al.”
Optimal Taxation and Social Insurance with Endogenous Private Insurance (2010, methodology): “This is the problem considered in previous studies that developed su¢ cient statistic formulas for taxation and social insurance (e.g. Saez 2001, Chetty 2006a).”
Over)insuring Modest Risks (2010, methodology): “The basic assumptions of the model here correspond to those used by Chetty (2006), and thus it is instructive to compare these results to Chetty s. Chetty presents calibrations that bound the coe¢ cient of relative risk aversion using estimates of labor supply elasticities in the U.S.”