Details about Miles Spencer Kimball

Homepage:

http://www.umich.edu/~mkimball/

Workplace:

Department of Economics, University of Colorado, (more information at EDIRC) Economics Department, University of Michigan, (more information at EDIRC) Institute for Social Research (ISR), University of Michigan, (more information at EDIRC) Center for Economic and Social Research, University of Southern California, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Miles Spencer Kimball.

Last updated 2024-03-06. Update your information in the RePEc Author Service.

Short-id: pki97

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Jump to Journal Articles

Working Papers

2024

1. Diminishing Marginal Utility Revisited
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Happiness Dynamics, Reference Dependence, and Motivated Beliefs in U.S. Presidential Elections
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

3. Adjusting for Scale-Use Heterogeneity in Self-Reported Well-Being
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
4. From Happiness Data to Economic Conclusions
   NBER Working Papers, National Bureau of Economic Research, Inc
5. Seniority
   NBER Working Papers, National Bureau of Economic Research, Inc
6. Utility and Happiness
   NBER Working Papers, National Bureau of Economic Research, Inc
7. What do Happiness Data Mean? Theory and Survey Evidence
   Post-Print, HAL
   Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2021) View citations (7)
   PSE-Ecole d'économie de Paris (Postprint), HAL (2023)
   NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (8)
   See also Journal Article What do Happiness Data Mean? Theory and Survey Evidence, Journal of the European Economic Association, European Economic Association (2023) (2023)

2021

8. The Decline of Drudgery and the Paradox of Hard Work
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2014) View citations (7)

2020

9. Reconsidering Risk Aversion
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2020) View citations (2)

2019

10. Enabling Deep Negative Rates to Fight Recessions: A Guide
    IMF Working Papers, International Monetary Fund View citations (36)
11. Monetary Policy and Durable Goods
    2019 Meeting Papers, Society for Economic Dynamics View citations (6)
    Also in 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (21)
    Working Paper Series, Federal Reserve Bank of Chicago (2016) View citations (21)
12. Self-reported wellbeing indicators are a valuable complement to traditional economic indicators but aren’t yet ready to compete with them
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    See also Journal Article Self-reported wellbeing indicators are a valuable complement to traditional economic indicators but are not yet ready to compete with them, Behavioural Public Policy, Cambridge University Press (2020) View citations (15) (2020)
13. Taxation of Labor Income and the Demand for Risky Assets
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1991) View citations (15)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1996) View citations (8)
    See also Journal Article Taxation of Labor Income and the Demand for Risky Assets, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2000) View citations (47) (2000)

2018

14. Portfolio Rebalancing in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Portfolio rebalancing in general equilibrium, Journal of Financial Economics, Elsevier (2020) View citations (2) (2020)
15. Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions"
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (2)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2018) View citations (2)
    See also Journal Article Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions, Journal of Risk & Insurance, The American Risk and Insurance Association (2018) View citations (2) (2018)

2017

16. Challenges in Constructing a Survey-Based Well-Being Index
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article Challenges in Constructing a Survey-Based Well-Being Index, American Economic Review, American Economic Association (2017) View citations (12) (2017)

2015

17. Accounting for Adaptation in the Economics of Happiness
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
18. Breaking Through the Zero Lower Bound
    IMF Working Papers, International Monetary Fund View citations (106)
19. Cognitive Economics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Cognitive Economics, The Japanese Economic Review, Japanese Economic Association (2015) View citations (2) (2015)
20. Happiness Before and After an Election: An Analysis Based on a Daily Survey around Japan's 2009 Election
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (4)
    See also Journal Article Happiness before and after an election: An analysis based on a daily survey around Japan’s 2009 election, Japan and the World Economy, Elsevier (2019) View citations (4) (2019)

2013

21. Aggregating Local Preferences to Guide Marginal Policy Adjustments
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article Aggregating Local Preferences to Guide Marginal Policy Adjustments, American Economic Review, American Economic Association (2013) View citations (14) (2013)
22. Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    See also Journal Article Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices, American Economic Review, American Economic Association (2014) View citations (93) (2014)

2012

23. Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    See also Journal Article Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference, American Economic Review, American Economic Association (2014) View citations (158) (2014)
24. Getting the Biggest Bang for the Buck in Fiscal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2010

25. Do People Seek to Maximize Happiness? Evidence from New Surveys
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
26. Household Finance in General Equilibrium
    2010 Meeting Papers, Society for Economic Dynamics

2009

27. Empirics on the Origins of Preferences: The Case of College Major and Religiosity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
28. Precautionary Saving and Consumption Smoothing across Time and Possibilities
    Post-Print, HAL View citations (47)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1992) View citations (19)
    SciencePo Working papers Main, HAL (2003)
    Working Papers, HAL (1992) View citations (15)
    Working Papers, HAL (2003) View citations (9)
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles (2009) View citations (65)
    SciencePo Working papers Main, HAL (1992)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (10)
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1991) View citations (1)
    SciencePo Working papers Main, HAL (2009) View citations (1)
    See also Journal Article Precautionary Saving and Consumption Smoothing across Time and Possibilities, Journal of Money, Credit and Banking, Blackwell Publishing (2009) View citations (16) (2009)
29. Risk Preferences in the PSID: Individual Imputations and Family Covariation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (106)
    See also Journal Article Risk Preferences in the PSID: Individual Imputations and Family Covariation, American Economic Review, American Economic Association (2009) View citations (105) (2009)

2008

30. Labor Supply: Are the Income and Substitution Effects Both Large or Both Small?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (173)

2007

31. Imputing Risk Tolerance from Survey Responses
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Imputing Risk Tolerance From Survey Responses, Journal of the American Statistical Association, American Statistical Association (2008) View citations (176) (2008)
32. Koizumi Carried the Day: Did the Japanese Election Results Make People Happy and Unhappy?
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (1)
    See also Journal Article Koizumi carried the day: Did the Japanese election results make people happy and unhappy?, European Journal of Political Economy, Elsevier (2010) View citations (13) (2010)

2006

33. Precautionary Saving and Precautionary Wealth
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (30)
    Also in Economics Working Paper Archive, The Johns Hopkins University,Department of Economics (2006) View citations (41)
34. Unhappiness after Hurricane Katrina
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (49)

2005

35. Sticky Price Models and Durable Goods
    Macroeconomics, University Library of Munich, Germany View citations (23)
    See also Journal Article Sticky-Price Models and Durable Goods, American Economic Review, American Economic Association (2007) View citations (189) (2007)

2004

36. Are Technology Improvements Contractionary?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (133)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2002) View citations (62)
    Working Paper Series, Federal Reserve Bank of Chicago (2004) View citations (81)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1998) View citations (70)
    See also Journal Article Are Technology Improvements Contractionary?, American Economic Review, American Economic Association (2006) View citations (528) (2006)

2003

37. Do Flexible Durable Goods Prices Undermine Sticky Price Models?
    Macroeconomics, University Library of Munich, Germany View citations (51)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (54)
38. Social Security, Retirement and Wealth: Theory and Implications
    Working Papers, University of Michigan, Michigan Retirement Research Center View citations (1)

2001

39. Liquidity Constraints and Precautionary Saving
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (66)
    Also in Economics Working Paper Archive, The Johns Hopkins University,Department of Economics (2001) View citations (53)
    See also Journal Article Liquidity constraints and precautionary saving, Journal of Economic Theory, Elsevier (2021) View citations (15) (2021)

1997

40. Cyclical Productivity with Unobserved Input Variation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (289)

1996

41. New Methods in the Classical Economics of Uncertainty: Comparing Risks
    Working Papers, Toulouse - GREMAQ View citations (7)
    See also Journal Article New methods in the classical economics of uncertainty: comparing risks, The Geneva Risk and Insurance Review, Palgrave Macmillan (2018) View citations (6) (2018)

1995

42. On the Concavity of the Consumption Function
    Macroeconomics, University Library of Munich, Germany View citations (1)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1995) View citations (1)
    See also Journal Article On the Concavity of the Consumption Function, Econometrica, Econometric Society (1996) View citations (286) (1996)
43. Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Survey
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (324)
44. The Quantitative Analytics of the Basic Neomonetarist Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (692)
    See also Journal Article The Quantitative Analytics of the Basic Neomonetarist Model, Journal of Money, Credit and Banking, Blackwell Publishing (1995) View citations (753) (1995)

1991

45. Precautionary Motives for Holding Assets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (47)
46. Standard Risk Aversion
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article Standard Risk Aversion, Econometrica, Econometric Society (1993) View citations (392) (1993)

1990

47. Precautionary Saving and the Marginal Propensity to Consume
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (62)

1989

48. Labor Market Dynamics When Unemployment Is A Worker Discipline Device
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article Labor-Market Dynamics When Unemployment is a Worker Discipline Device, American Economic Review, American Economic Association (1994) View citations (44) (1994)
49. Optimal Advice for Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc
50. Precautionary Saving and the Timing of Taxes
    Scholarly Articles, Harvard University Department of Economics View citations (79)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988) View citations (56)
    See also Journal Article Precautionary Saving and the Timing of Taxes, Journal of Political Economy, University of Chicago Press (1989) View citations (83) (1989)
51. Precautionary Saving in the Small and in the Large
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (34)
    See also Journal Article Precautionary Saving in the Small and in the Large, Econometrica, Econometric Society (1990) View citations (1505) (1990)

Journal Articles

2023

1. What do Happiness Data Mean? Theory and Survey Evidence
   Journal of the European Economic Association, 2023, 21, (6), 2377-2412
   See also Working Paper What do Happiness Data Mean? Theory and Survey Evidence, Post-Print (2023) (2023)

2021

2. Liquidity constraints and precautionary saving
   Journal of Economic Theory, 2021, 195, (C) View citations (15)
   See also Working Paper Liquidity Constraints and Precautionary Saving, NBER Working Papers (2001) View citations (66) (2001)

2020

3. Portfolio rebalancing in general equilibrium
   Journal of Financial Economics, 2020, 135, (3), 816-834 View citations (2)
   See also Working Paper Portfolio Rebalancing in General Equilibrium, NBER Working Papers (2018) (2018)
4. Self-reported wellbeing indicators are a valuable complement to traditional economic indicators but are not yet ready to compete with them
   Behavioural Public Policy, 2020, 4, (2), 198-209 View citations (15)
   See also Working Paper Self-reported wellbeing indicators are a valuable complement to traditional economic indicators but aren’t yet ready to compete with them, GRU Working Paper Series (2019) (2019)

2019

5. A Well-Being Snapshot in a Changing World
   AEA Papers and Proceedings, 2019, 109, 344-49 View citations (2)
6. Happiness before and after an election: An analysis based on a daily survey around Japan’s 2009 election
   Japan and the World Economy, 2019, 49, (C), 187-194 View citations (4)
   See also Working Paper Happiness Before and After an Election: An Analysis Based on a Daily Survey around Japan's 2009 Election, ISER Discussion Paper (2015) View citations (4) (2015)

2018

7. New methods in the classical economics of uncertainty: comparing risks
   The Geneva Risk and Insurance Review, 2018, 43, (1), 5-23 View citations (6)
   Also in The Geneva Papers on Risk and Insurance Theory, 2018, 43, (1), 5-23 (2018) View citations (6)
   See also Working Paper New Methods in the Classical Economics of Uncertainty: Comparing Risks, Working Papers (1996) View citations (7) (1996)
8. Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions
   Journal of Risk & Insurance, 2018, 85, (2), 397-430 View citations (2)
   See also Working Paper Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions", TSE Working Papers (2018) View citations (2) (2018)

2017

9. Challenges in Constructing a Survey-Based Well-Being Index
   American Economic Review, 2017, 107, (5), 81-85 View citations (12)
   See also Working Paper Challenges in Constructing a Survey-Based Well-Being Index, NBER Working Papers (2017) View citations (12) (2017)
10. Next generation monetary policy
    Journal of Macroeconomics, 2017, 54, (PA), 100-109
11. The relationship between the normalized gradient addition mechanism and quadratic voting
    Public Choice, 2017, 172, (1), 233-263

2015

12. Cognitive Economics
    The Japanese Economic Review, 2015, 66, (2), 167-181 View citations (2)
    See also Working Paper Cognitive Economics, NBER Working Papers (2015) View citations (1) (2015)
13. Negative Interest Rate Policy as Conventional Monetary Policy
    National Institute Economic Review, 2015, 234, (1), R5-R14 View citations (18)
    Also in National Institute Economic Review, 2015, 234, R5-R14 (2015) View citations (1)

2014

14. Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference
    American Economic Review, 2014, 104, (9), 2698-2735 View citations (158)
    See also Working Paper Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference, NBER Working Papers (2012) View citations (10) (2012)
15. Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices
    American Economic Review, 2014, 104, (11), 3498-3528 View citations (93)
    See also Working Paper Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices, NBER Working Papers (2013) View citations (23) (2013)
16. The Effect of Uncertainty on Optimal Control Models in the Neighbourhood of a Steady State
    The Geneva Risk and Insurance Review, 2014, 39, (1), 2-39

2013

17. Aggregating Local Preferences to Guide Marginal Policy Adjustments
    American Economic Review, 2013, 103, (3), 605-10 View citations (14)
    See also Working Paper Aggregating Local Preferences to Guide Marginal Policy Adjustments, NBER Working Papers (2013) View citations (13) (2013)

2012

18. What Do You Think Would Make You Happier? What Do You Think You Would Choose?
    American Economic Review, 2012, 102, (5), 2083-2110 View citations (269)

2010

19. Koizumi carried the day: Did the Japanese election results make people happy and unhappy?
    European Journal of Political Economy, 2010, 26, (1), 12-24 View citations (13)
    See also Working Paper Koizumi Carried the Day: Did the Japanese Election Results Make People Happy and Unhappy?, ISER Discussion Paper (2007) View citations (1) (2007)

2009

20. Precautionary Saving and Consumption Smoothing across Time and Possibilities
    Journal of Money, Credit and Banking, 2009, 41, (2‐3), 245-284 View citations (16)
    Also in Journal of Money, Credit and Banking, 2009, 41, (2-3), 245-284 (2009) View citations (64)
    See also Working Paper Precautionary Saving and Consumption Smoothing across Time and Possibilities, Post-Print (2009) View citations (47) (2009)
21. Risk Preferences in the PSID: Individual Imputations and Family Covariation
    American Economic Review, 2009, 99, (2), 363-68 View citations (105)
    See also Working Paper Risk Preferences in the PSID: Individual Imputations and Family Covariation, NBER Working Papers (2009) View citations (106) (2009)

2008

22. Imputing Risk Tolerance From Survey Responses
    Journal of the American Statistical Association, 2008, 103, (483), 1028-1038 View citations (176)
    See also Working Paper Imputing Risk Tolerance from Survey Responses, NBER Working Papers (2007) View citations (11) (2007)

2007

23. Sticky-Price Models and Durable Goods
    American Economic Review, 2007, 97, (3), 984-998 View citations (189)
    See also Working Paper Sticky Price Models and Durable Goods, Macroeconomics (2005) View citations (23) (2005)

2006

24. Are Technology Improvements Contractionary?
    American Economic Review, 2006, 96, (5), 1418-1448 View citations (528)
    See also Working Paper Are Technology Improvements Contractionary?, NBER Working Papers (2004) View citations (133) (2004)

2000

25. Taxation of Labor Income and the Demand for Risky Assets
    International Economic Review, 2000, 41, (3), 801-33 View citations (47)
    See also Working Paper Taxation of Labor Income and the Demand for Risky Assets, Finance and Economics Discussion Series (2019) (2019)

1997

26. Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study
    The Quarterly Journal of Economics, 1997, 112, (2), 537-579 View citations (1388)

1996

27. On the Concavity of the Consumption Function
    Econometrica, 1996, 64, (4), 981-92 View citations (286)
    See also Working Paper On the Concavity of the Consumption Function, Macroeconomics (1995) View citations (1) (1995)

1995

28. The Quantitative Analytics of the Basic Neomonetarist Model
    Journal of Money, Credit and Banking, 1995, 27, (4), 1241-77 View citations (753)
    Also in Proceedings, 1994, 1241-1289 (1994) View citations (17)
    See also Working Paper The Quantitative Analytics of the Basic Neomonetarist Model, NBER Working Papers (1995) View citations (692) (1995)

1994

29. Labor-Market Dynamics When Unemployment is a Worker Discipline Device
    American Economic Review, 1994, 84, (4), 1045-59 View citations (44)
    See also Working Paper Labor Market Dynamics When Unemployment Is A Worker Discipline Device, NBER Working Papers (1989) View citations (7) (1989)
30. The importance of precautionary motives in explaining individual and aggregate saving: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1994, 40, (1), 127-132 View citations (3)

1993

31. Standard Risk Aversion
    Econometrica, 1993, 61, (3), 589-611 View citations (392)
    See also Working Paper Standard Risk Aversion, NBER Technical Working Papers (1991) View citations (13) (1991)

1990

32. Precautionary Saving in the Small and in the Large
    Econometrica, 1990, 58, (1), 53-73 View citations (1505)
    See also Working Paper Precautionary Saving in the Small and in the Large, NBER Working Papers (1989) View citations (34) (1989)

1989

33. Precautionary Saving and the Timing of Taxes
    Journal of Political Economy, 1989, 97, (4), 863-79 View citations (83)
    See also Working Paper Precautionary Saving and the Timing of Taxes, Scholarly Articles (1989) View citations (79) (1989)
34. The effect of demand uncertainty on a precommitted monopoly price
    Economics Letters, 1989, 30, (1), 1-5 View citations (8)

1988

35. Farmers' Cooperatives as Behavior Toward Risk
    American Economic Review, 1988, 78, (1), 224-32 View citations (118)

1987

36. Making sense of two-sided altruism
    Journal of Monetary Economics, 1987, 20, (2), 301-326 View citations (69)