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Dirk Krueger

Annenberg Professor of Economics · University of Pennsylvania

Professor of Economics at the University of Pennsylvania, with a secondary appointment in Wharton's Finance department. His research examines how risk is shared across households, including labor income, health, disability and mortality risks.

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Published Classic Handbook of Macroeconomics Published Jan 2016

Macroeconomics and Household Heterogeneity

Dirk Krueger · Kurt Mitman · Fabrizio Perri

Using PSID panel data and a calibrated heterogeneous-household business-cycle model, this chapter shows that a sufficiently large mass of low-wealth, non-hand-to-mouth households who sharply raise …

Heterogeneous Agent Macro Business Cycles Free Read ↗