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Details about Andrew Abel

E-mail:
Homepage:http://finance.wharton.upenn.edu/~abel
Workplace:Finance Department, Wharton School of Business, University of Pennsylvania, (more information at EDIRC)

Access statistics for papers by Andrew Abel.

Last updated 2012-10-24. Update your information in the RePEc Author Service.

Short-id: pab10


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Working Papers

2015

  1. Crowding Out in Ricardian Economies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Optimal Debt and Profitability in the Tradeoff Theory
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  3. The Analytics of Investment, q, and Cash Flow
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2011

  1. Optimal Inattention to the Stock Market with Information Costs and Transactions Costs
    2011 Meeting Papers, Society for Economic Dynamics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (9)

2010

  1. Asset prices under habit formation and catching up with the Jones
    Levine's Working Paper Archive, David K. Levine Downloads View citations (6)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (694)
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research (1990) View citations (767)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    NBER Working Papers, National Bureau of Economic Research, Inc (1990) Downloads View citations (188)

    See also Journal Article in American Economic Review (1990)

2007

  1. Optimal Capital Income Taxation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)

2006

  1. Equity Premia with Benchmark Levels of Consumption: Closed-Form Results
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)

2004

  1. Q Theory Without Adjustment Costs & Cash Flow Effects Without Financing Constraints
    2004 Meeting Papers, Society for Economic Dynamics Downloads View citations (26)

2003

  1. Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)

2002

  1. The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2002) Downloads View citations (22)

    See also Journal Article in Econometrica (2003)

2001

  1. An Exploration of the Effects of Pessimism and Doubt on Asset Returns
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2001) Downloads View citations (8)

    See also Journal Article in Journal of Economic Dynamics and Control (2002)
  2. On the Invariance of the Rate of Return to Convex Adjustment Costs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) Downloads View citations (2)

    See also Journal Article in Review of Economic Dynamics (2002)
  3. Will Bequests Attenuate the Predicted Meltdown in Stock Prices When Baby Boomers Retire?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (84)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2001) Downloads View citations (81)

    See also Journal Article in The Review of Economics and Statistics (2001)

2000

  1. The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research Downloads View citations (3)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research Downloads View citations (3)

    See also Journal Article in American Economic Review (2001)

1999

  1. The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research Downloads View citations (9)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research Downloads View citations (14)

    See also Chapter (2001)

1998

  1. Risk Premia and Term Premia in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in Journal of Monetary Economics (1999)

1997

  1. The Mix and Scale of Factors with Irreversibility and Fixed Costs of Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1998)

1995

  1. Optimal Investment with Costly Reversibility
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (33)
  2. Options, the Value of Capital, and Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (76)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management (1995) Downloads View citations (7)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (74)
  3. The Effects of Irreversibility and Uncertainty on Capital Accumulation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (25)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (15)

    See also Journal Article in Journal of Monetary Economics (1999)

1993

  1. A Unified Model of Investment Under Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (20)

    See also Journal Article in American Economic Review (1994)
  2. An Exact Soultion for the Investment and Market Value of a Firm Facing Uncertainty, Adjustment Costs, and Irreversibility
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (9)

1992

  1. Exact Solutions for Expected Rates of Return Under Markov Regime Switching: Implications for the Equity Premium Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (4)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (4)

    See also Journal Article in Journal of Money, Credit and Banking (1994)

1990

  1. FINANCING LOSERS IN COMPETITIVE MARKETS
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research

    See also Journal Article in Journal of Financial Intermediation (1994)

1989

  1. Birth, Death and Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (6)

    See also Journal Article in Journal of Public Economics (1989)

1988

  1. Consumption and Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
    See also Chapter (1990)
  2. Does the Consumption of Different Age Groups Move Together? A New Nonparametric Test of Intergenerational Altruism
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
  3. Fiscal Policy With Impure Intergenerational Altruism
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Econometrica (1991)
  4. Stock Prices Under Time-Varying Dividend Risk: An Exact Solution In An Infinite-Horizon General Equilibrium Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (53)

    See also Journal Article in Journal of Monetary Economics (1988)
  5. The Implications of Insurance for the Efficacy of Fiscal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (9)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (9)

1987

  1. An Analysis of Fiscal Policy Under Operative and Inoperative Bequest Motives
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
  2. Operative Gift and Bequest Motives
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (51)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (55)

    See also Journal Article in American Economic Review (1987)
  3. Optimal Monetary Growth
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (25)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (25)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)

    See also Journal Article in Journal of Monetary Economics (1987)
  4. Specification of the Joy of Giving: Insights from Altruism
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (2)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (2)

    See also Journal Article in The Review of Economics and Statistics (1988)

1986

  1. Aggregate Savings in the Presence of Private and Social Insurance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
  2. Assessing Dynamic Efficiency: Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (177)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
  3. Investment and Sales: Some Empirical Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1986) View citations (2)
  4. The Failure of Ricardian Equivalence Under Progressive Wealth Taxation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (2)

    See also Journal Article in Journal of Public Economics (1986)

1985

  1. Capital Accumulation and Uncertain Lifetimes with Adverse Selection
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Econometrica (1986)
  2. Dynamic Behavior of Capital Accumulation in a Cash-in-Advance Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
    See also Journal Article in Journal of Monetary Economics (1985)
  3. Inventories, Stock-Outs, and Production Smoothing
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)

1984

  1. A Stochastic Model of Investment, Marginal q and the Market Value of theFirm
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in International Economic Review (1985)
  2. Bequests and Social Security With Uncertain Lifetimes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)

1983

  1. The Present Value of Profits and Cyclical Movements in Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    See also Journal Article in Econometrica (1986)

1982

  1. An Intertemporal Model of Saving and Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (73)
    See also Journal Article in Econometrica (1983)

1981

  1. An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    See also Journal Article in Journal of Monetary Economics (1983)

1980

  1. Accelerated Depreciation and the Efficacy of Temporary Fiscal Policy: Implications for an Inflationary Economy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Journal of Public Economics (1982)

Undated

  1. Asset Prices Under Heterogenous Beliefs: Implications for the Equity Premium
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (13)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (16)
  2. Fiscal Policy with Impure Intergenerational Altruism (Reprint 011)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research

Journal Articles

2007

  1. Optimal Inattention to the Stock Market
    American Economic Review, 2007, 97, (2), 244-249 Downloads View citations (36)

2003

  1. The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security
    Econometrica, 2003, 71, (2), 551-578 Downloads View citations (93)
    See also Working Paper (2002)

2002

  1. An exploration of the effects of pessimism and doubt on asset returns
    Journal of Economic Dynamics and Control, 2002, 26, (7-8), 1075-1092 Downloads View citations (75)
    See also Working Paper (2001)
  2. On the Invariance of the Rate of Return to Convex Adjustment Costs
    Review of Economic Dynamics, 2002, 5, (3), 586-601 Downloads View citations (5)
    See also Working Paper (2001)

2001

  1. The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
    American Economic Review, 2001, 91, (1), 128-148 Downloads View citations (28)
    See also Working Paper (2000)
  2. Will Bequests Attenuate The Predicted Meltdown In Stock Prices When Baby Boomers Retire?
    The Review of Economics and Statistics, 2001, 83, (4), 589-595 Downloads View citations (86)
    See also Working Paper (2001)

1999

  1. Risk premia and term premia in general equilibrium
    Journal of Monetary Economics, 1999, 43, (1), 3-33 Downloads View citations (228)
    See also Working Paper (1998)
  2. The effects of irreversibility and uncertainty on capital accumulation
    Journal of Monetary Economics, 1999, 44, (3), 339-377 Downloads View citations (75)
    See also Working Paper (1995)

1998

  1. The mix and scale of factors with irreversibility and fixed costs of investment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), 101-135 Downloads View citations (25)
    See also Working Paper (1997)

1997

  1. An exact solution for the investment and value of a firm facing uncertainty, adjustment costs, and irreversibility
    Journal of Economic Dynamics and Control, 1997, 21, (4-5), 831-852 Downloads View citations (37)

1994

  1. A Unified Model of Investment under Uncertainty
    American Economic Review, 1994, 84, (5), 1369-84 Downloads View citations (272)
    See also Working Paper (1993)
  2. Exact Solutions for Expected Rates of Return under Markov Regime Switching: Implications for the Equity Premium Puzzle
    Journal of Money, Credit and Banking, 1994, 26, (3), 345-61 Downloads View citations (23)
    See also Working Paper (1992)
  3. Financing Losers in Competitive Markets
    Journal of Financial Intermediation, 1994, 3, (2), 139-165 Downloads View citations (1)
    See also Working Paper (1990)

1992

  1. Can the government roll over its debt forever?
    Business Review, 1992, (Nov), 3-18 Downloads View citations (1)

1991

  1. Fiscal Policy with Impure Intergenerational Altruism
    Econometrica, 1991, 59, (6), 1687-1711 Downloads View citations (19)
    See also Working Paper (1988)
  2. Some observations on demographics and saving: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1991, 34, (1), 157-162 Downloads
  3. The equity premium puzzle
    Business Review, 1991, (Sep), 3-14 Downloads View citations (10)

1990

  1. Asset Prices under Habit Formation and Catching Up with the Joneses
    American Economic Review, 1990, 80, (2), 38-42 Downloads View citations (743)
    See also Working Paper (2010)

1989

  1. Birth, death and taxes
    Journal of Public Economics, 1989, 39, (1), 1-15 Downloads View citations (3)
    See also Working Paper (1989)

1988

  1. Specification of the Joy of Giving: Insights from Altruism
    The Review of Economics and Statistics, 1988, 70, (1), 145-49 Downloads View citations (37)
    See also Working Paper (1987)
  2. Stock prices under time-varying dividend risk: An exact solution in an infinite-horizon general equilibrium model
    Journal of Monetary Economics, 1988, 22, (3), 375-393 Downloads View citations (81)
    See also Working Paper (1988)

1987

  1. Operative Gift and Bequest Motives
    American Economic Review, 1987, 77, (5), 1037-47 Downloads View citations (52)
    See also Working Paper (1987)
  2. Optimal monetary growth
    Journal of Monetary Economics, 1987, 19, (3), 437-450 Downloads View citations (25)
    See also Working Paper (1987)

1986

  1. Capital Accumulation and Uncertain Lifetimes with Adverse Selection
    Econometrica, 1986, 54, (5), 1079-97 Downloads View citations (68)
    See also Working Paper (1985)
  2. The Effect of Annuity Insurance and Savings and Inequality: Comment
    Journal of Labor Economics, 1986, 4, (3), S208-15 Downloads
  3. The Present Value of Profits and Cyclical Movements in Investment
    Econometrica, 1986, 54, (2), 249-73 Downloads View citations (212)
    See also Working Paper (1983)
  4. The failure of Ricardian equivalence under progressive wealth taxation
    Journal of Public Economics, 1986, 30, (1), 117-128 Downloads View citations (2)
    See also Working Paper (1986)

1985

  1. A Stochastic Model of Investment, Marginal q and the Market Value of the Firm
    International Economic Review, 1985, 26, (2), 305-22 Downloads View citations (27)
    See also Working Paper (1984)
  2. Dynamic behavior of capital accumulation in a cash-in-advance model
    Journal of Monetary Economics, 1985, 16, (1), 55-71 Downloads View citations (83)
    See also Working Paper (1985)
  3. Precautionary Saving and Accidental Bequests
    American Economic Review, 1985, 75, (4), 777-91 Downloads View citations (135)

1984

  1. The effects of uncertainty on investment and the expected long-run capital stock
    Journal of Economic Dynamics and Control, 1984, 7, (1), 39-53 Downloads View citations (6)

1983

  1. An Intertemporal Model of Saving and Investment
    Econometrica, 1983, 51, (3), 675-92 Downloads View citations (111)
    See also Working Paper (1982)
  2. An integrated view of tests of rationality, market efficiency and the short-run neutrality of monetary policy
    Journal of Monetary Economics, 1983, 11, (1), 3-24 Downloads View citations (23)
    See also Working Paper (1981)
  3. Energy Price Uncertainty and Optimal Factor Intensity: A Mean-Variance Analysis
    Econometrica, 1983, 51, (6), 1839-45 Downloads View citations (8)
  4. On the Econometric Testing of Rationality-Market Efficiency
    The Review of Economics and Statistics, 1983, 65, (2), 318-23 Downloads View citations (4)
  5. Optimal Investment under Uncertainty
    American Economic Review, 1983, 73, (1), 228-33 View citations (314)

1982

  1. Accelerated depreciation and the efficacy of temporary fiscal policy: Implications for an inflationary economy
    Journal of Public Economics, 1982, 19, (1), 23-47 Downloads View citations (1)
    See also Working Paper (1980)
  2. Dynamic effects of permanent and temporary tax policies in a q model of investment
    Journal of Monetary Economics, 1982, 9, (3), 353-373 Downloads View citations (66)

1981

  1. Dynamic Adjustment in a Putty-Putty Model: Implications for Testing the Putty-Clay Hypothesis
    International Economic Review, 1981, 22, (1), 19-36 Downloads View citations (1)
  2. Taxes, Inflation, and the Durability of Capital
    Journal of Political Economy, 1981, 89, (3), 548-60 Downloads View citations (9)

1980

  1. Empirical investment equations: An integrative framework
    Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 39-91 Downloads View citations (63)
  2. Reply to Prescott's comment
    Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 103-106 Downloads

1979

  1. Money demand during hyperinflation
    Journal of Monetary Economics, 1979, 5, (1), 97-104 Downloads View citations (26)

1978

  1. Input-output pricing in a Keynesian model as applied to Portugal
    Journal of Development Economics, 1978, 5, (2), 125-138 Downloads

Chapters

2001

  1. The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation
    A chapter in Risk Aspects of Investment-Based Social Security Reform, 2001, pp 153-202 Downloads View citations (3)
    See also Working Paper (1999)

1990

  1. Consumption and investment
    Chapter 14 in Handbook of Monetary Economics, 1990, vol. 2, pp 725-778 Downloads View citations (30)
    See also Working Paper (1988)

1984

  1. R&D and the Market Value of the Firm: A Note
    A chapter in R&D, Patents, and Productivity, 1984, pp 261-270 Downloads View citations (5)

1975

  1. A Comparison of Three Control Algorithms as Applied to the Monetarist-Fiscalist Debate
    A chapter in Annals of Economic and Social Measurement, Volume 4, number 2, 1975, pp 239-252 Downloads View citations (2)
 
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