J Laitner - Review of Economic Studies, 2000 - Wiley Online Library
This paper presents a model in which a country's measured average propensity to save
endogenously rises when its economy industrializes. The model has agricultural and
manufacturing sectors. Only agriculture uses land. If at early dates income per capita is ...
J Laitner… - The American Economic Review, 1996 - JSTOR
This paper investigates the role in household wealth accumulation of saving for bequests. It
employs data from a 1988 survey of TIAA-CREF annuitants designed to measure pension
and other net worth, as well as lifetime earnings. About half of the households in the data ...
J Laitner - Handbook of population and family economics, 1997 - Elsevier
This is the background image for an unknown creator of an OCR page with image plus
hidden text. Chapter5 INTERGENERATIONAL AND INTERHOUSEHOLD ECONOMIC
LINKS JOHN LAITNER University of Michigan Contents 1. Introduction 190 2. Altruism 190 ...
J Laitner - Journal of Economic Theory, 1992 - Elsevier
Abstract This paper develops a model of private savings behavior in which households care
about their descendants, cannot have negative net worth, and have lifetime earnings
depending on random draws from an exogenous distribution of abilities. The elements ...
J Laitner… - The American Economic Review, 2003 - ingentaconnect.com
Abstract: Tobin's average q has usually been well above 1, but fell below 1 during 1974-
1984. Our model explains this pattern and reconciles it with unchanging aggregate
investment. The stock market value in the numerator of q reflects ownership of physical ...
J Laitner - The Quarterly Journal of Economics, 1980 - qje.oxfordjournals.org
Abstract This paper examines duopoly models in which each firm tries to guess the reaction
of its rival to a change in its output. We seek equilibria in which the guesses are accurate, or
“rational.” For static models we discover that many output combinations (X, Y) can fit into ...
J Laitner… - Journal of Public Economics, 2001 - Elsevier
This paper reviews four well-known theoretical models of private bequest behavior, notes
their differing implications for public policy, and discusses a way of empirically discriminating
among them. Then it implements the test with micro data from Sweden (LLS) and the US ( ...
J Laitner - The Review of Economic Studies, 1988 - restud.oxfordjournals.org
Abstract This paper analyses the very long run, or “stationary state,” impact of an unfunded
social security system. We use an overlapping generations model framework. A key feature
is that while parents care about their children and can leave non-negative bequests to ...
E Worrell, JA Laitner, M Ruth… - Energy, 2003 - Elsevier
[CITATION] A Dynamic Micro Estimate of the Life-Cycle Model
P Courant, E Gramlich… - Retirement and economic behavior, 1986
J Laitner… - Journal of Monetary Economics, 2004 - Elsevier
We develop a new general equilibrium growth accounting framework that features
increasing returns to scale, imperfect competition and incorporates technological revolutions
into the description of technical progress. We propose a way to tell apart revolutionary ...
J Laitner - The Review of Economic Studies, 1979 - JSTOR
Much of the theoretical literature on the distribution of wealth among households
concentrates on identifying continuous-time Markov process models which have specific
stationary distributions (see, for example, Sargan (1957), Wold and Whittle (1957), and ...
J Laitner… - 2005 - nber.org
ABSTRACT Using pseudo-panel data, we estimate the structural parameters of a life--cycle
consumption model with discrete labor supply choice. A focus of our analysis is the abrupt
drop in consumption upon retirement for a typical household. The literature sometimes ...
J Laitner - Journal of Political Economy, 1991 - JSTOR
This paper examines the role of marital connections in models of intertemporal household
behavior. Recent work by Bernheim and Bagwell implies that such connections might vastly
expand the scope of neutrality results. The present work studies several formulations ...
J Laitner - The Economic Journal, 2001 - Wiley Online Library
Data suggest that the distribution of wealth among households in the USA and UK has
become more equal over the last century, though, at least for the USA, the pattern may have
reversed recently. This paper shows that a model in which all households save for life- ...
J Laitner - Econometrica: Journal of the Econometric Society, 1979 - JSTOR
This paper investigates the role of inheritances in the determination of the national
distribution of wealth. Assuming that households care both about their own consumption and
that of their descendants, we construct a model of family bequest behavior. Then, ...
J Laitner - Journal of Political Economy, 1990 - JSTOR
The literature evaluating tax changes within an intertemporal general equilibrium framework
subdivides into representative agent and overlapping generations formulations. Papers in
the former class have developed techniques analogous to those routine for static analyses ...
J Laitner - Gale et al.[17], 2001 - books.google.com
C ECENT POLITICAL debates include proposals to reduce or•. eliminate the federal unified
gift and estate tax. This chapter analyzes the possible long-run consequences of such
changes, focusing on national wealth accumulation and the degree of inequality in the ...
JP Laitner - Economica, 1979 - JSTOR
Page 1. Economica, 46,403-414 Bequests, Golden-age Capital Accumulation and
Government Debt By JOHN P. LAITNER University of Michigan The purpose of this
paper is to examine the golden ages of an infinite time horizon ...
J Laitner - Journal of Economic Dynamics and Control, 1984 - Elsevier
Abstract This paper examines the transition stages between steady states for an overlapping-
generations growth model. Our procedure is based on eigenvalues and eigenvectors. For
marginal parameter changes, we can generate exact 'multipliers' for the responses of state ...
J Laitner - The Bell Journal of Economics, 1982 - JSTOR
This article constructs a decentralized growth model with two production sectors, one having
competitive firms and the other oligopolists. Since capitalized pure profits for the latter sector
constitute an asset which household savings must finance, we show that imperfect ...
SJ Decanio… - Technological Forecasting and Social Change, 1997 - Elsevier
J Laitner - Ann Arbor, 2001 - papers.ssrn.com
Abstract: This paper formulates an overlapping generations model with both life-cycle saving
and altruistic bequests. For a given distribution of earning abilities, the model generates a
stationary steady-state capital-to-labor ratio for the economy as a whole and a stationary ...
JAS Laitner, SJ Canio… - Society, Behaviour, and Climate …, 2003 - Springer
Page 1. Incorporating Behavioural, Social, and Organizational Phenom- ena in the
Assessment of Climate Change Mitigation Options John A. “Skip” Laitner Stephen
J. DeCanio Irene Peters 1. Introduction Successful climate ...
J Laitner - Oxford Economic Papers, 1995 - JSTOR
Robert Lucas' recent paper onSupply-side Economics' finds a large welfare loss from
taxation of interest income in the US economy. The present work extends the analysis of
steady-state equilibria to cover the transition paths which accompany tax reform. ...
JA Laitner - Journal of Industrial Ecology, 2002 - Wiley Online Library
Page 1. FORUM http://mitpress.mit.edu/jie Journal of Industrial Ecology 13 Copyright 2003 by
the Massachusetts Institute of Technology and Yale University Volume 6, Number 2 Information
Technology and US Energy Consumption Energy Hog, Productivity Tool, or Both? ...
JA Laitner, SJ DeCanio, JG Koomey… - Utilities Policy, 2003 - Elsevier
D Hanson, JA Laitner - Energy Economics, 2004 - Elsevier
J Laitner - The American Economic Review, 2002 - JSTOR
This paper examines the role of bequests and inter vivos gifts in the US economy,
considering their importance for the economy's (i) aggregate capital stock,(ii) distribution of
private net worth, and (iii) public policy options. It focuses on several recent calibrated ...
J Laitner - Canadian Journal of Economics, 1993 - JSTOR
This paper analyses long-term growth in a closed economy with human as well as physical
capital. The human capital corresponds to general education. Private utility maximization
determines each child's schooling. Costs of educating a given individual are convex. ...
JAS Laitner… - … Journal of Energy Technology and Policy, 2004 - Inderscience
Page 1. 142 Int. J. Energy Technology and Policy, Vol. 2, Nos. 1/2, 2004 Copyright © 2004
Inderscience Enterprises Ltd. Learning-by-doing on both the demand and the supply sides:
implications for electric utility investments in a Heuristic model John A. 'Skip' Laitner* ...
J Laitner - 2000 - papers.ssrn.com
Abstract: To offer a possible interpretation for recent empirical findings on earnings growth,
this paper constructs a simple model with endogenous human capital investment, a
distribution of natural abilities, and unbiased technological progress. The model predicts ...
[CITATION] The information and communication technology revolution: Can it be good for both the economy and the climate
JA Laitner - Discussion Draft for the Energy End-Use Forecasting …, 2000
J Laitner - Journal of Economic Theory, 1989 - Elsevier
Abstract This paper relates the existence of stationary sunspot equilibria in the vicinity of a
conventional stationary state to the phase diagram surrounding the latter. We find that the
local condition required for a unique equilibrium path returning to the stationary state ...
JA Laitner, K Ehrhardt‐Martinez - Environmental Quality …, 2008 - Wiley Online Library
Page 1. Environmental Quality Management / DOI 10.1002/tqem / Winter 2008 / 47 © 2008
American Council for an Energy-Efficient Economy. Reprinted with permission. Published online
in Wiley InterScience (www.interscience.wiley.com). DOI: 10.1002/tqem.20205 ...
J Laitner - Journal of Economic Dynamics and Control, 1993 - Elsevier
This paper adapts a nonstochastic overlapping generations model to include liquidity
constraints and intergenerational altruism. Existing work indicates the importance of both but
often considers them separately. This paper studies their interactions. First, it shows that ...
J Laitner… - Ann Arbor, 2006 - nber.org
Abstract This paper analyzes the e&ect on individuals' retirement and consumption choices
of a potential reform to the US Social Security system. We first estimate the parameters of a
life—cycle model. We assume intratemporally nonseparable preference orderings and the ...
C House, J Laitner… - International Economic …, 2008 - Wiley Online Library
Using a life-cycle model in which women divide their time between home and market work,
we establish a link between retirement wealth and the value of forgone home production.
We use data from the Health and Retirement Study to estimate the model's parameters ...
JP Laitner - Econometrica: Journal of the Econometric Society, 1981 - JSTOR
Page 1. Econormetrica, Vol. 49, No. 2 (March, 1981) THE STABILITY OF STEADY STATES IN
PERFECT FORESIGHT MODELS BY JOHN P. LAITNER' This paper analyzes nonlinear growth
models in which agents' expectations have a role in determining present behavior. ...
[CITATION] The size of the US energy efficiency market: Generating a more complete picture
K Ehrhardt-Martinez… - ACEEE Report, available at http://aceee. org ETP, 2008
F De La Chesnaye, R Harvey, D Kruger… - Energy Policy, 2001 - Elsevier
J Laitner… - conference sWealth, inheritance and …, 1997 - anst.uu.se
This paper studies inheritances in Sweden. We use panel data from the 1968–81 Swedish
Level of Living Survey. In general, intergenerational transfers from parents to their children
include (i) biological transfers of “natural talents” and abilities,(ii) purchases of education ...
J Laitner - Journal of Economic Theory, 1982 - Elsevier
Abstract Frequently the stationary states of decentralized models with perfect foresight and
more than one asset are saddlepoints. In this note we develop a distinction between
“historical” and “nonhistorical” variables. Then we use the distinction to define economic ...
J Laitner - Journal of Economic Theory, 1981 - en.scientificcommons.org
Abstract JOURNAL ECONOMIC THEORY The Steady States Stochastic Decentralized
Growth Model JOHN Department LAITNER University Michigan Michigan March Economics
Ann Arbor April Received The purpose this paper prove the existence steady state for ...
J Laitner… - 2005 - www-personal.umich.edu
Abstract During the late 1990s the market value of US businesses grew at 15% per year. It is
hard to reconcile such fast growth with observed rates of investment in physical capital and
R&D. We therefore propose a model in which new ideas are privately owned but ...
JA Laitner… - 2009 - etde.org
IEA Energy Technology Data Exchange (ETDE), an international consortium that collects and
exchanges energy research and technology information through the Energy Database.
K Ehrhardt-Martinez… - Proceedings of the 2010 ACEEE …, 2010 - eec.ucdavis.edu
Page 1. Rebound, Technology and People: Mitigating the Rebound Effect with Energy-Resource
Management and People-Centered Initiatives Karen Ehrhardt-Martinez, University of Colorado
John A. “Skip” Laitner, American Council for an Energy-Efficient Economy ...
J Laitner… - 2008 - papers.ssrn.com
Abstract: Economists have long thought of technological progress as a primary determinant
of rising living standards over time. One might think of technological progress as increasing
the" effectiveness" of labor, thereby raising the amount of output that each unit of labor can ...
J Laitner… - 2008 - papers.ssrn.com
Abstract: This paper analyzes the effect of a potential reform to the Social Security system on
individuals' retirement and consumption choices. We first estimate the coefficients for a life-
cycle model. We assume intratemporally nonseparable preference orderings and ...
J Laitner - Journal of Economic Dynamics and Control, 1987 - Elsevier
Abstract Working with the framework of a continuous-time overlapping-generations model,
this paper examines equilibrium growth paths (consistent with perfect foresight). In
particular, we develop a methodology for characterizing the adjustment paths converging ...
J Laitner - … Retirement Research Center Research Paper No. WP …, 2004 - papers.ssrn.com
Abstract: This paper studies the quantitative importance of precautionary wealth
accumulation relative to life-cycle saving for retirement. Section 1 examines panel data on
earnings from the PSID. Using a bivariate normal model of random effects, we find that ...
J Laitner - … Retirement Research Center Research Paper No. WP …, 2003 - papers.ssrn.com
Abstract: Economists' most basic model for studying Social Security policy issues is the so-
called life-cycle model of saving behavior. This paper sets up a life-cycle model in which a
household simultaneously chooses its lifetime consumption profile and retirement age. ...
J Laitner - The Scandinavian Journal of Economics, 2000 - Wiley Online Library
Recent trends in common stock prices suggest a distinction between increases in national
net worth and flows of physical investment. In this paper we present a simple overlapping
generations model in which such differences can arise: technological progress occurs ...
JA Laitner,
E Worrell, C Galitsky… - 2003 - escholarship.ucop.edu
Page 1. ...
JP Laitner - Journal of Economic Theory, 1980 - Elsevier
JA Laitner, DA Hanson… - Energy Studies …, 2006 - digitalcommons.mcmaster.ca
Page 1. Energy Studies Review ...
J Laitner - Review of Economic Dynamics, 1999 - Elsevier
Empirical evidence suggests that the poor spend a larger fraction of their income on
gambling than the well to do. This paper shows that “means tests” for public assistance
eligibility could supply part of the explanation. Income support programs can distort private ...
J Laitner - Ann Arbor, 2001 - papers.ssrn.com
Abstract: This paper examines the role of bequests and inter vivos gifts in the US economy,
considering their importance in determining (i) the economy's aggregate capital stock,(ii) the
distribution of private net worth, and (iii) public policy outcomes and options. It focuses on ...
[CITATION] Industry, Energy Efficiency, and Productivity Improvements in
H Finman… - Proceedings of the 2001 ACEEE Summer Study on …, 2001
JA Laitner, M Ruth… - 2001 - escholarship.org
Page 1. ...
[CITATION] The Economic Effects of Climate Policies to Increase Investments in Cost-Effective, Energy-Efficient Technologies
JA Laitner - 74th Annual WEA International Conference, San Diego …, 1999
JP Laitner - Journal of Economic Theory, 1985 - Elsevier
An overlapping generations model incorporating random production shocks is studied.
Households have finite life spans. Futures markets are incomplete. Agents ha.
[CITATION] mWealth Accumulation in the US: Do Inheritances and Bequests Play a Significant Role? nMimeo
J Laitner - University of Michigan, 2002
C House, J Laitner… - 2008 - papers.ssrn.com
Abstract: To study the role of home production in life¿ cycle behavior, this paper creates a
theoretical model in which both spouses in a couple allocate their time between market and
home work. It then derives a pair of regression equations for estimating the parameters of ...
J Laitner… - Ann Arbor, 2010 - papers.ssrn.com
Abstract: Many economic analyses of public policy issues are based upon the life-cycle
model of household behavior. The usual formulation omits private intergenerational
transfers. This paper considers the possibility of a more sophisticated formulation that ...
[CITATION] Energy Efficiency: The First Fuel for a Clean Energy Future–Resources for Meeting Maryland's Electricity Needs
M Eldridge, RN Elliott, W Prindle, K Ackerly… - Washington, DC: American …, 2008
[CITATION] The TIAA-CREF data base: A special purpose data set for the analysis of life-cycle saving behavior
FT Juster… - University of Michigan and Institute for Social Research …, 1990
J Laitner… - annual meeting of the American Economic …, 2006 - aeaweb.org
Although American longevity is increasing, over the last 50 years male retirement ages in
the US have generally moved downward, if at all. One explanation for this pair of facts is that
leisure is a luxury good so that demand for it rises with living standards. Another is that ...
[CITATION] The Academic Labor Market: Has Compensation Diverged from Other Professions?
J Laitner… - Econometric Society Meetings, Washington, DC, 1995
N Gershun, SG Harrison, F Avalos… - Macroeconomic …, 2008 - Cambridge Univ Press
We explore asset pricing in the context of the one-sector Benhabib-Farmer-Guo (BFG)
model with increasing returns to scale in production and compare our results with financial
implications of the standard dynamic stochastic general equilibrium (DSGE) model. Our ...
[CITATION] Draft DEEPER Documentation
JA Laitner - Forthcoming. Washington, DC: American Council for an …, 2007
[CITATION] Pursuing Energy-Efficient Behavior in a Regulatory Environment: Motivating Policymakers, Program Administrators, and Program Implementers. White …
K Ehrhardt-Martinez, JA Laitner… - Working Papers on Behavior, …, 2009
J Laquatra, DJ Dacquisto, P Emrath… - ACEEE Summer Study of …, 2002 - reneuer.com
Page 1. Housing Market Capitalization of Energy Efficiency Revisited Joseph Laquatra,
Cornell University David J. Dacquisto, National Association of Home Builders
Research Center Paul Emrath, National Association of Home ...
JF Gorte, TM Kaarsberg… - PROC ACEEE SUMMER STUDY …, 1999 - csa.com
Electricity restructuring, innovation, and efficiency. Julie Fox Gorte, Tina M Kaarsberg,
John A Laitner PROC ACEEE SUMMER STUDY ENERGY EFFIC IND, 385-396,
1999. The United States is now taking significant steps to ...
[CITATION] Understanding the size of the energy efficiency resource: Ten policy recommendations to accelerate more productive investments
JA Laitner - Policy and Society, 2009 - Elsevier
DA Hanson… - 2000 - osti.gov
DOE Scientific and Technical Information. DOE Scientific and Technical Information. ...
[CITATION] Exploring the seemingly unexpected successes of EPA voluntary technology programs
JA Laitner, JT Sullivan - Academy of Management Symposium “Alliances with …, 2001
[CITATION] Skip,‖ Stephen Bernow, and John DeCicco. 1998.―Employment and Other Macroeconomic Benefits of an Innovation-Led Climate Strategy for the United …
JA Laitner - Energy Policy
[CITATION] Skip” and Donald A
JA Laitner - … . Forthcoming. Washington, DC: American Council for …, 2006
DA Hanson… - Handbook of Input-Output Economics in …, 2009 - Springer
Page 1. Chapter 21 Input-Output Equations Embedded Within Climate and Energy
Policy Analysis Models Donald A. Hanson and John A. “Skip” Laitner In this paper
we show how IO equations for sector outputs and prices are ...
[CITATION] March 2005.“Estimating Life-Cycle Parameters from Consumption Behavior at Retirement.”
J Laitner… - NBER Working Paper No
[CITATION] nEstimating LifepCycle Parameters from Con& sumption Behavior at Retirement
J Laitner… - 2005 - oNBER working paper 11163
[CITATION] jBusiness Life $ Cycle and the Marginal Cost of Capital, kmimeo
J Laitner… - 2009
M Ruth, C Bernier, A Meier… - Technological Forecasting and …, 2007 - Elsevier
Computer models are widely used to analyze decisions about energy efficiency
improvements in the residential and commercial sectors. Few models exist that can actually
be run interactively by decision makers to play out alternative future scenarios. None are ...
J Laitner… - Ann Arbor, 2006 - aida.wss.yale.edu
Abstract This paper estimates the parameters of a life–cycle model in order to evaluate the
effect of (a potential reform of) the Social Security system on retirement and consumption
choices. We assume intratemporally nonseparable preference orderings and endogenous ...
[CITATION] September 1998. Structural change and economic growth
J Laitner - Unpublished manuscript (University of Michigan)
[CITATION] 'Equality of Opportunity and Inheritance: A Comparison of Sweden and the United States.'
J Laitner… - 1997 - mimeo, Uppsala University
J Laitner… - 2004 - Citeseer
Abstract Using pseudo-panel data, we estimate the structural parameters of a life—cycle
consumption model with discrete labor supply choice. A focus of our analysis is the abrupt
drop in consumption upon retirement for a typical household. The literature sometimes ...
J Laitner, C House… - 2008 - papers.ssrn.com
Abstract: Economists' principal tool for studying household behavioral responses to changes
in tax and other government policies, and the magnitude and determinants of private saving,
is the life-cycle model. The purpose of this paper is to attempt to incorporate into that ...
J Laitner - Ann Arbor, 2002 - papers.ssrn.com
Abstract: A basic difference between a pay-as-you-go (PAYGO) public pension system and
one with fully funded private accounts lies in the startup. From its inception, a PAYGO system
can pass contributions from current workers to current retirees. A funded system must ...
JA Laitner, CP Knight, VL McKinney… - Environmental …, 2009 - Wiley Online Library
Page 1. Environmental Quality Management / DOI 10.1002/tqem / Winter 2009 / 29 © 2009
American Council for an Energy-Efficient Economy, www.aceee.org. Reprinted with permission.
Published online in Wiley InterScience (www.interscience.wiley.com). ...
JA Laitner, CP Knight, VL McKinney… - Environmental …, 2010 - Wiley Online Library
Page 1. Environmental Quality Management / DOI 10.1002/tqem / Spring 2010 / 35
In the winter 2009 issue of Environmen- tal Quality Manage- ment, we began a
discussion about semiconductor-re- lated technologies, explaining ...
[CITATION] The Role of Bequests in the Determination of the Steady-state Ratio of Capital to Labor
JP Laitner - 1976 - Harvard University
J Laitner… - 2008 - www-personal.umich.edu
Abstract We build a general equilibrium model where growth is driven by new ideas that can
have varying degrees of complementarity with previous innovations. The novel feature is
that some private agents can appropriate the value of knowledge spillovers that their ...
J Laitner, W Parks, J Schilling… - PROC ACEEE SUMMER …, 1999 - csa.com
Recent interest in combined heat and power (CHP) is providing momentum to efforts aimed
at increasing the capacity of this highly-efficient technology. Factors driving this increase in
interest include the need to increase the efficiency of the nation's electricity generation ...
J Laitner… - 2011 - www-personal.umich.edu
Abstract We build a general equilibrium model in which growth is driven by two invention
types: fundamental ideas that cause creative destruction, and derivative ideas that enhance
the value of existing inventions. The model provides a new mapping from microeconomic, ...
J Laitner… - Ann Arbor, 2007 - papers.ssrn.com
Abstract: After dropping for a century, the average retirement age for US males seems to
have leveled off in recent decades. An important question is whether as future improvements
in technology cause wages to rise, desired retirement ages will resume their downward ...
J Laitner - International Economic Review, 1984 - JSTOR
There are no taxes. Equations (1),(2),(4), and (5) are familiar from Solow [1956]: labor force
growth and labor-augmenting technological progress are exogenous and geometric, and
inputs have competitive prices. The Cobb-Douglas form of the aggregate production ...
C House, J Laitner… - 2006 Meeting Papers, 2006 - stanford.edu
Abstract We use micro data on income and wealth to estimate the value of foregone home
production by working married women. Our key finding is that the costs of womenms labor
force participation are modest: for every dollar that a married woman earns in the market, ...
R Burkhauser, A Gustman, J Laitner… - … , Vol. 69, No. 4, pp. 51 …, 2009 - papers.ssrn.com
Abstract: The Office of Retirement and Disability Policy at the Social Security Administration
created the Retirement Research Consortium in 1998 to encourage research on topics
related to Social Security and the well-being of older Americans, and to foster ...
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