, consumption growth and wealth, and labor participation and wages. Each area involves treatment of heterogeneity and nonlinearity … at the individual level. Three types of heterogeneity are highlighted: heterogeneity in individual tastes, heterogeneity … in income and wealth risks, and heterogeneity in market participation. Work in each area is illustrated using results …

preference heterogeneity, then then the estimated demand is really an average taken over households with different preferences …

We introduce a new two-dimensional measure for the heterogeneity of performance within groups of economic units. This … the new measure leads to a much more differentiated description of heterogeneity than alternative measures, for example …, the mean or range. In particular, we provide an example to demonstrate that the proposed measure of heterogeneity is …

In this paper, we develop a local housing stock heterogeneity measure. This measure may be used to monitor housing … stock heterogeneity over time and in combination with other measures of policy interest. We illustrate the latter by looking … at local housing stock heterogeneity, house price variation (measured by local Gini coefficients), and affordability …