Marco Cagetti, Lars Peter Hansen, Thomas J. Sargent, Noah Williams, Minnesota P
• Risks with known probabilities • Risks with unknown probabilities Minnesota – p. 2/19 Risk and uncertainty • Risks with known probabilities • Risks with unknown probabilities • Control...
Taxation, Entrepreneurship and Wealth (2004)
Marco Cagetti, Mariacristina De
Entrepreneurship is a key determinant of investment, saving, wealth holdings, and wealth inequality. We study the aggregate and the distributional effects of several tax reforms in a model that...
Entrepreneurship, frictions, and wealth, Federal Reserve Bank of Minneapolis Staff Report 322 (2003)
Marco Cagetti, Mariacristina De Nardi
Although the role of financial constraints on entrepreneurial choices has received considerable attention, the effects of these constraints on aggregate capital accumulation and wealth inequality are...
Robustness and pricing with uncertain growth (2002)
Marco Cagetti, Lars Peter Hansen, Thomas Sargent, Noah Williams
Abstract. We study how decision makers ' concerns about robustness a#ect prices and quantities in a stochastic growth model. In the model economy, growth rates in technology are altered by...
Robustness and pricing with uncertain growth (2002)
Marco Cagetti, Lars Peter Hansen, Thomas Sargent, Noah Williams
Abstract. We construct models of robust decision-making and pricing when contemporaneous big and small shocks hit a stochastic-growth economy. Large shocks are infrequent changes and small shocks are...
Robustness and pricing with uncertain growth (2002)
Marco Cagetti, Lars Peter Hansen, Thomas Sargent, Noah Williams
Abstract. We develop models of robust decision-making and pricing when there are contemporaneous big and small shocks. We illustrate these models using a stochasticgrowth economy. Large shocks are...
Robustness and pricing with uncertain growth (2002)
Marco Cagetti, Lars Peter Hansen, Thomas Sargent, Noah Williams
Abstract. We develop models of robust decision-making and pricing when there are contemporaneous big and small shocks. We illustrate these models using a stochasticgrowth economy. Large shocks are...
Robustness and pricing with uncertain growth (2002)
Marco Cagetti, Lars Peter Hansen, Thomas Sargent, Noah Williams
Abstract. We study how decision makers ’ concerns about robustness affect prices and quantities in a stochastic growth model. In the model economy, growth rates in technology are altered by...
Robustness and Pricing with Uncertain Growth (2002)
Cagetti, Marco, Hansen, Lars Peter, Sargent, Thomas, Williams, Noah
We study how decision‐makers' concerns about robustness affect prices and quantities in a stochastic growth model. In the model economy, growth rates in technology are altered by infrequent...
Wealth accumulation and precautionary savings /--by Marco Cagetti. (2000)
Thesis (Ph. D.)--University of Chicago, Dept. of Economics, June 2000.
Wealth accumulation and precautionary savings / (2000)
Thesis (Ph. D.)--University of Chicago, Dept. of Economics, June 2000.
Robustness and Pricing with Uncertain Growth (2000)
Marco Cagetti, Lars Peter Hansen, Thomas Sargent, Noah Williams
. We develop models of robust decision-making and pricing when there are simultaneously big shocks and small shocks. We illustrate these models using a stochasticgrowth economy. Big shocks are...
Estate taxes, entrepreneuship, and wealth
Mariacristina De Nardi, Marco Cagetti
savings, wealth accumulation, structural estimation, bequests
Entrepreneurship, frictions, and wealth
Marco Cagetti, Mariacristina De Nardi
Although the role of financial constraints on entrepreneurial choices has received considerable attention, the effects of these constraints on aggregate capital accumulation and wealth inequality are...
Wealth inequality: data and models
Marco Cagetti, Mariacristina De Nardi
In the United States wealth is highly concentrated and very unequally distributed: the richest 1% hold one third of the total wealth in the economy. Understanding the determinants of wealth...
Wealth Accumulation over the Life Cycle and Precautionary Savings.
This article constructs and simulates a life cycle model of wealth accumulation and estimates the parameters of the utility function (the rate of time preference and the coefficient of risk aversion)...
Entrepreneurship, Frictions, and Wealth
Marco Cagetti, Mariacristina De Nardi
This paper constructs and calibrates a parsimonious model of occupational choice that allows for entrepreneurial entry, exit, and investment decisions in the presence of borrowing constraints. The...
Estate taxation, entrepreneurship, and wealth
Marco Cagetti, Mariacristina De Nardi
We study the effects of abolishing estate taxation in a quantitative and realistic framework that includes the key features that policy makers are worried about: business investment, borrowing...
Entrepreneurship, Bequests, and the Distribution of Wealth
Marco Cagetti, Mariacristina DeNardi
Entrepreneurs hold a significant fraction of the total wealth in the economy; they are approximately 8% of the population but hold 39% of total net worth. In this paper, we construct and solve...
Entrepreneurship, frictions, and wealth
Marco Cagetti, Mariacristina De Nardi
Although the role of financial constraints on entrepreneurial choices has received considerable attention, the effects of these constraints on aggregate capital accumulation and wealth inequality are...
Taxation, entrepreneurship, and wealth
Marco Cagetti, Mariacristina De Nardi
Entrepreneurship is a key determinant of investment, saving, and wealth inequality. We study the aggregate and distributional effects of several tax reforms in a model that recognizes this key role...
Taxation, entrepreneurship, and wealth
Marco Cagetti, Mariacristina De Nardi
Entrepreneurship is a key determinant of investment, saving, and wealth inequality. We study the aggregate and distributional effects of several tax reforms in a model that recognizes this key role...
Entrepreneurship, frictions and wealth
Marco Cagetti, Mariacristina De Nardi
Although the role of financial constraints on entrepreneurial choices has received considerable attention, the effects of these constraints on aggregate capital accumulation and wealth inequality are...
Taxation, entrepreneurship and wealth
Marco Cagetti, Mariacristina De Nardi
Entrepreneurship is a key determinant of investment, saving, wealth holdings, and wealth inequality. We study the aggregate and the distributional effects of several tax reforms in a model that...
Robustness and Pricing with Uncertain Growth
Marco Cagetti, Lars Peter Hansen, Thomas Sargent, Noah Williams
We study how decision-makers' concerns about robustness affect prices and quantities in a stochastic growth model. In the model economy, growth rates in technology are altered by infrequent large...
Wealth Inequality: Data and Models
Marco Cagetti, Mariacristina De Nardi
In the United States wealth is highly concentrated and very unequally distributed: the richest 1% hold one third of the total wealth in the economy. Understanding the determinants of wealth...
Estate Taxation, Entrepreneurship, and Wealth
Marco Cagetti, Mariacristina De Nardi
We study the effects of abolishing estate taxation in a quantitative and realistic framework that includes the key features that policy makers are worried about: business investment, borrowing...
WEALTH INEQUALITY: DATA AND MODELS
Cagetti, Marco, De Nardi, Mariacristina
In the United States wealth is highly concentrated and very unequally distributed: the richest 1% hold one third of the total wealth in the economy. Understanding the determinants of wealth...
Estate Taxation, Entrepreneurship, and Wealth
Marco Cagetti, Mariacristina De Nardi
This paper studies the estate tax in a quantitative framework with business investment, borrowing constraints, estate transmission, and wealth inequality. We find that the estate tax has little...