Macroeconomics with Heterogeneous Households

June 12-13, 2008

Organizers: Mark Huggett, Jose-Victor Rios-Rull, and Tony Smith

8:00 Continental Breakfast
9:00 Matthew Johnson (CRA International) and Michael Keane (University of Technology Sydney & Arizona State University), “A Dynamic Equilibrium Model of the U.S. Wage Structure, 1968-1996
9:50 Break
10:00 Burhan Kuruscu (University of Texas at Austin), Fatih Guvenen (University of Minnesota), and Serdar Ozkan (University of Pennsylvania), “Understanding Cross-Country Inequality Trends, the Role of Human Capital and Labor Market Policies”
10:50 Break
11:00 Andres Erosa (University of Toronto), Luisa Fuster (University of Toronto), and Gueorgui Kambourov (University of Toronto), “The Heterogeneity and Dynamics of Individual Labor Supply over the Life-Cycle: Facts and Theory”
12:00 Lunch
2:00 Xavier Mateos-Planas (University of Southampton) and Jose-Victor Rios-Rull (University of Minnesota), “Credit Lines”
2:50 Break
3:00 Makoto Nakajima (University of Illinois at Urbana-Champaign), “Equilibrium Bankruptcy and Temptation”
3:50 Break
4:00 Kartik Athreya (Federal Reserve Bank of Richmond), Xuan S. Tam (University of Virginia), and Eric Young (University of Virginia), “A Quantitative Theory of Information and Unsecured Credit
7:00 Dinner at Barcelona Wine Bar, 155 Temple Street
9:00 Carlos Garriga (Federal Reserve Bank of St. Louis), Karsten Jeske (Federal Reserve Bank of Atlanta), and Don Schlagenauf (Florida State University), “Foreclosures and House Prices”
9:50 Break
10:00 Martin Schneider (Federal Reserve Bank of Minneapolis & New York University), “Booms and Busts in Segmented Asset Markets”
10:50 Break
11:00 Greg Kaplan (New York University) and Giovanni L. Violante (New York University), “How Much Insurance in Bewley Models?
12:00 Lunch
2:00 Dirk Krueger (University of Pennsylvania) and Fabrizio Perri (University of Minnesota), “How Does Household Consumption Respond to Income Shocks?”
2:50 Break
3:00 Jeremy Lise (University College London), Costas Meghir (University College London), and Jean-Marc Robin (Paris School of Economics & University College London), “Matching, Sorting and Wages
3:50 Break
4:00 Mark Bils (University of Rochester), Yongsung Chang (University of Rochester), and Sun-Bin Kim (Korea University), “Comparative Advantage in Cyclical Unemployment
7:00 Dinner, Union Leage Cafe, 1032 Chapel Street


Kartik Athreya (Federal Reserve Bank of Richmond)
Alejandro Badel (Georgetown University)
Jinhui Bai (Georgetown University)
Mark Bils (University of Rochester)
Yongsung Chang (University of Rochester)
Andres Erosa, University of Toronto)
Giovanni Gallipoli (University of British Columbia)
Carlos Garriga (Federal Reserve Bank of St. Louis)
Douglas Gollin (Williams College)
Jonathan Heathcote, Georgetown University)
Jay Hong (University of Rochester)
Dmytro Hryshko (University of Alberta)
Mark Huggett (Georgetown University)
Matthew Johnson (CRA International)
Gueorgui Kambourov (University of Toronto)
Greg Kaplan (New York University)
Michael Keane (University of Technology Sydney
    & Arizona State University)
John Knowles (University of Pennsylvania)
Burhan Kuruscu (University of Texas at Austin)
Donghoon Lee (New York University)
Jeremy Lise (University College London)
Xavier Mateos-Planas (University of Southampton)
Costas Meghir (University College London)
Alexander Micharlides (London School of Economics)
Toshihiko Mukoyama (University of Virginia)
Nakajima Makoto (University of Illinois-Urbana-Champaign)
Serdar Ozkan (University of Pennsylvania)
Fabrizio Perri (University of Minnesota)
Jose-Victor Rios-Rull (University of Minnesota)
Jean-Marc Robin (Paris School of Economics &
   University College London)
Aysegul Sahin (Federal Reserve Bank of New York)
Virginia Sanchez-Marcos (University of Cantabria)
Martin Schneider (Federal Reserve Bank of
    Minneapolis & New York University)
Sam Schulhofer-Wohl (Princeton University)
Bent Sorensen (University of Houston)
Xuan S. Tam (University of Virginia)
Giovanni L. Violante (New York University)
Klaus Waelde (University of Glasgow)
Kenneth Wolpin (University of Pennsylvania)
Eric Young (University of Virginia)
Christian Zimmermann (University of Connecticut)

Conference Frequently Asked Questions

Yale provides visitors two Wi-Fi network options:

  • YaleGuest
  • Eduroam

YaleGuest is a public, insecure wireless network available for anyone’s use, but has limited network access. Due to security reasons, certain programs and functionality may not be accessible via the YaleGuest network, e.g., Dropbox, Skype, and Box.  

If possible, we recommended you use the Eduroam wireless network.  Eduroam (education roaming) is a secure, world-wide roaming access service that allows students, researchers and staff from participating institutions to obtain Internet connectivity across campuses when visiting other participating institutions.

If your institution is a partneraccess the Eduroam network by selecting Eduroam from the Wi-Fi list on your mobile device and sign-in using your home institution’s credentials*. View Eduroam’s complete listing of U.S. participating schools; International visitors can look for institutional listings on this country page.

For additional details, please contact your institution’s IT department or search your institution’s support page.

*Credential format is typically, e.g., or

The conference will be held at the Yale School of Management (SOM), Evans Hall located at 165 Whitney Ave and is about a 15 minute walk from the Omni Hotel. The easiest route to SOM from the Omni Hotel is to go north on Temple St. which merges into Whitney Avenue. SOM will be on the right side of the street across from the Peabody Museum (see map below).

For travel expense reimbursement for the 2019 Cowles GE Conference, please send the following items by Friday, May 17, 2019.

For travel expense reimbursement for the 2019 Cowles Summer Conferences, please send the following items by Friday, September 6, 2019.






Send original receipts, completed travel reimbursement form, and applicable international forms to:

Darlene Smith
Event & Visitor Assistant Administrator
Cowles Foundation at Yale University
30 Hillhouse Avenue
P.O. Box 208281
New Haven, CT 06520

Email questions to Darlene Smith


The conference sessions are held on the second floor in Evans Hall at the Yale School of Management. Restrooms can be found on the perimeter of the building along the sides and back of the building.

Click to enlarge

The Cowles Foundation is located in the heart of Yale’s campus at 30 Hillhouse Avenue.  Use theYale online campus map to help find your way around.

If you need assistance with an Omni Hotel room reservation, please contact Alyson Perri, Convention Services Manager, Omni Hotels.

In cases of emergency, contact the appropriate department listed below:

You can also report a crime or send an anonymous text tip through our Bulldog Mobile (LiveSafe) app. (To register for Bulldog Mobile please visit the Yale LiveSafe page)

For addtional emergency information, visit the Yale Emergency Management website.

Yes, a shuttle bus will be arranged to drive between the hotel and conference location. Typically, an announcement will be sent out from Darlene Smith the day before with additional information.