Luigi Pistaferri

Published and forthcoming articles


Fiscal Policy and MPC Heterogeneity, with T. Jappelli, AEJ: Macroeconomics (forthcoming).
            o    "Consumption inequality over the last half century. Evidence using the new PSID consumption measure" (with O.Attanasio), American Economic Review P&P (forthcoming).           
"The evolution of income, consumption, and leisure inequality in the US, 1980-2010" (with O. Attanasio and E. Hurst), in Improving the Measurement of Consumer Expenditures, C. Carroll, T. Crossley, and J. Sabelhaus (Eds.), NBER (forthcoming).
            o    Credit within the firm, with L. Guiso and F. Schivardi, Review of Economic Studies 2013.


o    Consumption and the Great Recession, with I. Petev and I. Saporta Eksten, in Analyses of the Great Recession, D. Grusky, B. Western and C. Wimer (eds.) 2012. [Updated with revised NIPA data, Aug. 2011].

o    Adjustment costs, firm responses and labor supply elasticities: Evidence from Danish tax records, with R. Chetty, J. Friedman and T. Olsen, Quarterly Journal of Economics 2011.

o    Financial integration and consumer smoothing, with T. Jappelli, Economic Journal 2011.

o    Earnings, consumption and lifecycle choices, with C. Meghir, Handbook of Labor Economics 2011.

o    The consumption response to income changes, with T. Jappelli, Annual Review of Economics 2010.

o    Wage risk and employment risk over the life-cycle, with H. Low and C. Meghir, American Economic Review 2010.

o    Does consumption inequality track income inequality in Italy, with T. Jappelli, Review of Economics Dynamics 2010.

o       Cross-sectional facts for macroeconomists, with D. Krueger, F. Perri and G. Violante, Review of Economic Dynamics 2010.


o       Disentangling insurance and information in intertemporal consumption choices, with K. Kaufmann, American Economic Review P&P 2009.

o       Asset pricing implications of Pareto optimality with private information, with N. Kocherlakota, Journal of Political Economy 2009.

o       Consumption inequality and partial insurance, with R. Blundell and I. Preston, American Economic Review 2008.

- Corrected Appendix D.

- Extension to 2000.

o       Inequality and real exchange rates, with N. Kocherlakota, Journal of the European Economic Association P&P 2008.

o       A direct test of the buffer stock model of saving, with T. Jappelli and M. Padula, Journal of the European Economic Association 2008.

o       Household heterogeneity and real exchange rates, with N. Kocherlakota, Economic Journal 2007.

o       Health care quality, economic inequality and precautionary saving, with T. Jappelli and G. Weber, Health Economics 2007.

o       Do people respond to tax incentives?, with T. Jappelli, European Economic Review 2007.


o       Wages, employment, and capital in capitalist and worker-owned firms, with J. Pencavel and F. Schivardi, Industrial and Labor Relations Review 2006.

o       Uncertainty and consumer durables adjustment, with G. Bertola and L. Guiso, Review of Economic Studies 2005.

o       Insurance within the firm, with L. Guiso and F. Schivardi, Journal of Political Economy 2005.

o       Income variance dynamics and heterogeneity, with C. Meghir, Econometrica 2004.

o       Intertemporal choice and consumption mobility, with T. Jappelli, Journal of the European Economic Association 2004.

Before 2004

o       Anticipated and unanticipated wage changes, wage risk and life cycle labor supply, Journal of Labor Economics 2003.

o       Income volatility and household consumption: The impact of food assistance programs, with R. Blundell, Journal of Human Resources 2003.

o       Tax incentives and the demand for life insurance: Evidence from Italy, with T. Jappelli, Journal of Public Economics 2003.

o       An empirical analysis of earnings and employment risk, with L. Guiso and T. Jappelli, Journal of Business and Economic Statistics 2002.

o       Superior information, income shocks and the permanent income hypothesis, Review of Economics and Statistics 2001.

o       Using subjective income expectations to test the excess sensitivity of consumption to predicted income changes, with T. Jappelli, European Economic Review 2000.

o       The dynamics of household wealth accumulation in Italy, with T. Jappelli, Fiscal Studies 2000.

o       Wage differences by gender: Evidence from recently graduated MBAs, with K. Graddy, Oxford Bulletin of Economics and Statistics 2000.

o       Informal networks in the Italian labor market, Giornale degli Economisti 1999.


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