Baqaee, David; Burstein, Ariel T.; Koike-Mori, Yasutaka - National Bureau of Economic Research - 2024
are some households that do not face idiosyncratic undiversifiable risk. Our sufficient statistics methodology allows for …' prices over time, and repeated cross-sectional information on households' income, balance sheets, and expenditures. We … most households, particularly younger and poorer households. Our estimates can be used to study the welfare consequences of …