This paper explores the relationship between household marginal income tax rates, the set of assets that households own … surveys. The empirical findings suggest that a household's marginal tax rate has an important effect its asset allocation … decisions. The probability that a household owns tax-advantaged assets is strongly related to its tax rate on ordinary income …

We study how Americans respond to idiosyncratic and exogenous changes in household wealth and unearned income. Our …

household utility and benefits of eliminating idiosyncratic shocks related to the business cycle as 3.4% of utility. Estimates … the business cycle, estimate the negative skewness of shocks, target moments of idiosyncratic shocks from household … insuring idiosyncratic shocks unrelated to the business cycle, such as the death of a household's prime wage earner and job …

The growth of the availability and use of detailed household financial transaction microdata has dramatically expanded … the ability of researchers to understand both household decision-making as well as aggregate fluctuations across a wide …

first review standard data sources and discuss their advantages and disadvantages. We then document that household inflation …

. Information treatments about current and next year's interest rates have a strong effect on household expectations but treatments …