Luigi Pistaferri

Published and forthcoming articles


            o       Disability Insurance and the Dynamics of the Incentive-Insurance Tradeoff, with H. Low, American Economic Review (forthcoming).
Fiscal Policy and MPC Heterogeneity, with T. Jappelli, AEJ: Macroeconomics 2014.
            o    "Consumption inequality over the last half century. Evidence using the new PSID consumption measure" (with O.Attanasio), American Economic Review P&P 2014.           
"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 2013.
            o    Credit within the firm, with L. Guiso and F. Schivardi, Review of Economic Studies 2013.
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.

     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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