Insurance and Opportunities: A Welfare Analysis of Labor Market Risk

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Why Has House Price Dispersion Gone Up (2010, unknown): “Based on micro data from Heathcote, Storesletten, and Violante (2008) and our regional data, we find that our ability variance is thirteen times smaller than this upper bound.”
Credit Crises, Precautionary Savings, and the Liquidity Trap (2011, background): “13This misallocation effect is closely related to the steady state labor misallocation analyzed in Heathcote, Storesletten, and Violante (2008).”
Optimal Monetary Policy with Uncertain Fundamentals and Dispersed Information (2009, background): “This implies that aggregate consumption and output are expected to be, on average, at their full information level, as shown by (17).”
Consumption and labor supply with partial insurance: An analytical framework (2014, unknown): “var t ( ∆ log ĥ ) = vχt + ( 1 − γ σ + γ )2 vωt + 1 σ2 (vηt + vθt + vθ,t−1) + 2vμh (31) cov t ( ∆ log ŵ, ∆ log ĥ ) = 1 − γ σ + γ vωt + 1 σ (vηt + vθt + vθ,t−1) − 2vμh (32)”
Precautionary Saving Over the Business Cycle (2016, unknown): “Heathcote et al. (2013) have generalised this approach by looking at the case where households’ income is also affected by insurable transitory shocks (Heathcote et al. , 2008 and Braun and Nakajima, 2012).”
Spain is Different: Falling Trends of Inequality (2009, background): “16See Low (2005), Pijoan-Mas (2006) and Heathcote, Storesletten, and Violante (2008a).”