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)