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Marios Karabarbounis

Personal Details

First Name:Marios
Middle Name:
Last Name:Karabarbounis
Suffix:
RePEc Short-ID:pka1449
[This author has chosen not to make the email address public]

Affiliation

Federal Reserve Bank of Richmond

Richmond, Virginia (United States)
http://www.richmondfed.org/
RePEc:edi:frbrius (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Software

Working papers

  1. Yongsung Chang & Elin Halvorsen & Marios Karabarbounis, 2025. "Spousal Labor Response to Primary Income: Identification and Heterogeneity," Working Paper 25-13, Federal Reserve Bank of Richmond.
  2. Andreas Hornstein & Marios Karabarbounis & Andre Kurmann & Etienne Lale & Lien Ta, 2023. "Disincentive Effects of Unemployment Insurance Benefits," Working Paper 23-11, Federal Reserve Bank of Richmond.
  3. Yongsung Chang & Jay H. Hong & Marios Karabarbounis & Yicheng Wang, 2020. "Income Volatility and Portfolio Choices," Working Paper 20-01, Federal Reserve Bank of Richmond.
  4. Marios Karabarbounis & Patrick Macnamara, 2020. "Online Appendix to "Misallocation and Financial Frictions: the Role of Long-Term Financing"," Online Appendices 19-18, Review of Economic Dynamics.
  5. Marios Karabarbounis & Patrick Macnamara, 2019. "Misallocation and Credit Market Constraints: the Role of Long-Term Financing," Working Paper 19-1, Federal Reserve Bank of Richmond.
  6. Yongsung Chang & Andreas Hornstein & Marios Karabarbounis, 2018. "Labor-Market Wedge under Engel Curve Utility: Cyclical Substitution between Necessities and Luxuries," Working Paper 18-13, Federal Reserve Bank of Richmond.
  7. Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari, 2018. "Regional Consumption Responses and the Aggregate Fiscal Multiplier," Working Paper Series 2018-04, Federal Reserve Bank of San Francisco.
  8. Patrick Macnamara & Marios Karabarbounis, 2017. "Misallocation and Financial Frictions: the Role of Long-Term Financing," 2017 Meeting Papers 873, Society for Economic Dynamics.
  9. Marianna Kudlyak & M. Saif Mehkari & Bill Dupor & Marios Karabarbounis, 2017. "The Effect of the Recovery Act on Consumer Spending," 2017 Meeting Papers 707, Society for Economic Dynamics.
  10. Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari & Bill Dupor, 2016. "Government Spending and Consumption at the Zero Lower Bound: Evidence from Household Retail Purchase Data," 2016 Meeting Papers 1463, Society for Economic Dynamics.
  11. Yongsung Chang & Jay H. Hong & Marios Karabarbounis, 2014. "Labor-Market Uncertainty and Portfolio Choice Puzzles," Working Paper 14-13, Federal Reserve Bank of Richmond.
  12. Marios Karabarbounis, 2013. "Heterogeneity in labor supply elasticity and optimal taxation," Working Paper 13-13, Federal Reserve Bank of Richmond.
  13. Yongsung Chang & Jay Hong & Marios Karabarbounis, 2013. "Life Cycle Uncertainty and Portfolio Choice Puzzles," 2013 Meeting Papers 595, Society for Economic Dynamics.

Articles

  1. Marios Karabarbounis & John O'Trakoun, 2025. "How Is Housing Handled in the National Income and Product Accounts?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 25(04), January.
  2. Marios Karabarbounis, 2025. "How to Gauge Maximum Employment," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 25(32), August.
  3. Marios Karabarbounis, 2024. "How Female Labor Supply Shapes Aggregate Labor Market Dynamics," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 24(04), February.
  4. Marios Karabarbounis, 2024. "How Can We Make a Progressive Tax System More Efficient?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 24(26), August.
  5. Marios Karabarbounis, 2023. "How Much Do Labor Costs Affect Prices in Recessions and in Expansions?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 23(14), May.
  6. Marios Karabarbounis & Kushal Patel, 2023. "How Important Are Asset Price Fluctuations for Business Investment?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 23(05), February.
  7. Yongsung Chang & Jay Hong & Marios Karabarbounis & Yicheng Wang & Tao Zhang, 2022. "Income Volatility and Portfolio Choices," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 65-90, April.
  8. Marios Karabarbounis, 2022. "Does Infrastructure Spending Boost the Economy?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 22(04), February.
  9. Andreas Hornstein & Marios Karabarbounis & Andre Kurmann & Etienne Lale, 2022. "How Did Pandemic UI Benefits Affect Employment Recovery in Local Industry Markets?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 22(44), November.
  10. Marios Karabarbounis, 2021. "Unemployment Insurance: Economic Lessons from the Last Two Recessions," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 21(26), August.
  11. Marios Karabarbounis & Patrick Macnamara, 2021. "Misallocation and Financial Frictions: the Role of Long-Term Financing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 44-63, April.
  12. Marios Karabarbounis, 2020. "A Life-Cycle Model with Individual Volatility Dynamics," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 4, pages 159-171.
  13. Yongsung Chang & Andreas Hornstein & Marios Karabarbounis, 2020. "Labor-Market Wedge under Engel Curve Utility: Cyclical Substitution between Necessities and Luxuries," Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 1-17.
  14. Marios Karabarbounis & Santiago Pinto, 2018. "What Can We Learn from Online Wage Postings? Evidence from Glassdoor," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 173-189.
  15. Yongsung Chang & Jay H. Hong & Marios Karabarbounis, 2018. "Labor Market Uncertainty and Portfolio Choice Puzzles," American Economic Journal: Macroeconomics, American Economic Association, vol. 10(2), pages 222-262, April.
  16. Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari, 2018. "How Much Consumption Responds to Government Stimulus," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
  17. Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari & David A. Price, 2018. "Estimating Aggregate Fiscal Multipliers from Local Data," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue May.
  18. Marios Karabarbounis, 2016. "A Road Map for Efficiently Taxing Heterogeneous Agents," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(2), pages 182-214, April.
  19. Marios Karabarbounis, 2015. "Does Bank Lending Matter for Large Firms' Investment?," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 303-317.
  20. Marios Karabarbounis & Patrick Macnamara & Roisin McCord, 2014. "A Business Cycle Analysis of Debt and Equity Financing," Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 51-85.

Software components

  1. Marios Karabarbounis & Patrick Macnamara, 2020. "Code and data files for "Misallocation and Financial Frictions: the Role of Long-Term Financing"," Computer Codes 19-18, Review of Economic Dynamics.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Yongsung Chang & Jay Hong & Marios Karabarbounis, 2013. "Life Cycle Uncertainty and Portfolio Choice Puzzles," 2013 Meeting Papers 595, Society for Economic Dynamics.

    Mentioned in:

    1. Life Cycle Uncertainty and Portfolio Choice Puzzles
      by Christian Zimmermann in NEP-DGE blog on 2013-12-24 05:57:07

Working papers

  1. Andreas Hornstein & Marios Karabarbounis & Andre Kurmann & Etienne Lale & Lien Ta, 2023. "Disincentive Effects of Unemployment Insurance Benefits," Working Paper 23-11, Federal Reserve Bank of Richmond.

    Cited by:

    1. Serdar Birinci & Kurt See, 2024. "The Implications of Labor Market Heterogeneity on Unemployment Insurance Design," Working Papers 2024-026, Federal Reserve Bank of St. Louis, revised 03 Nov 2025.
    2. Serdar Birinci & Yusuf Mercan & Kurt See, 2024. "Mismatch Unemployment During COVID-19 and the Post-Pandemic Labor Shortages," Working Papers 2024-025, Federal Reserve Bank of St. Louis, revised 28 Feb 2025.

  2. Yongsung Chang & Jay H. Hong & Marios Karabarbounis & Yicheng Wang, 2020. "Income Volatility and Portfolio Choices," Working Paper 20-01, Federal Reserve Bank of Richmond.

    Cited by:

    1. Botosaru, Irene, 2023. "Time-varying unobserved heterogeneity in earnings shocks," Journal of Econometrics, Elsevier, vol. 235(2), pages 1378-1393.
    2. Huang, Bin & Wang, Bin & Chen, Zixuan, 2024. "Individual investment adaptations to COVID-19 lockdowns," The North American Journal of Economics and Finance, Elsevier, vol. 70(C).
    3. Xiaoli, Gan & xiaoyi, Zhang & Xiaoyang, Ma & Khalid, Fahad, 2023. "Impact of financial environment on household risk financial asset selection: A micro perspective," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 137-145.
    4. Felici, Marco & Fuerst, Franz, 2023. "The heterogeneous relationship of owner-occupied and investment property with household portfolio choice," Journal of Housing Economics, Elsevier, vol. 62(C).
    5. Marios Karabarbounis, 2020. "A Life-Cycle Model with Individual Volatility Dynamics," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 4, pages 159-171.
    6. Park, Jin Seok & Suh, Donghyun, 2019. "Uncertainty and household portfolio choice : Evidence from South Korea," Economics Letters, Elsevier, vol. 180(C), pages 21-24.
    7. Sylvain Catherine & Paolo Sodini & Yapei Zhang, 2024. "Countercyclical Income Risk and Portfolio Choices: Evidence from Sweden," Journal of Finance, American Finance Association, vol. 79(3), pages 1755-1788, June.
    8. Zhang, Dongyang, 2024. "From ban to balance: How agricultural climate policies reshape rural asset allocation?," Journal of International Money and Finance, Elsevier, vol. 149(C).
    9. Guo, Wei, 2024. "Income volatility and household commercial insurance allocation," Finance Research Letters, Elsevier, vol. 66(C).

  3. Marios Karabarbounis & Patrick Macnamara, 2020. "Online Appendix to "Misallocation and Financial Frictions: the Role of Long-Term Financing"," Online Appendices 19-18, Review of Economic Dynamics.

    Cited by:

    1. Mamadou Mouminy Bah & Mamadou Nouhou Diallo & Jean Marcelin Bosson Brou, 2025. "Resource Misallocation and Financial Access Constraints: Evidence from Developing Countries," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 67(3), pages 554-622, September.
    2. Li, Huiyu, 2022. "Leverage and productivity," Journal of Development Economics, Elsevier, vol. 154(C).
    3. Saifullah Khan & Adnan Shoaib, 2024. "Firm value adjustment speed through financial friction in the presence of earnings management and productivity growth: evidence from emerging economies," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
    4. Jungherr, Joachim & Schott, Immo, 2022. "Slow Debt, Deep Recessions," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 14(1), pages 224-259.
    5. Gu, Shijun & Jia, Chengcheng, 2022. "Firm dynamics and SOE transformation during China’s Economic Reform," Journal of International Money and Finance, Elsevier, vol. 127(C).
    6. Wu, Ziqing & Chen, Leyi, 2025. "Does oil price uncertainty affect corporate total factor productivity? Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
    7. Kim, Hwagyun & Mathur, Vipul & Shin, Jong Kook & Subramanian, Chetan, 2023. "Misallocation of debt and aggregate productivity," Journal of Corporate Finance, Elsevier, vol. 83(C).
    8. Zheng, Qingying & Hu, Haoyang & Li, Jianglong, 2024. "Enterprise decision-making in energy use rights trading market: A theoretical and simulation study," Energy Policy, Elsevier, vol. 193(C).
    9. Yunwei Li & Wenjing Long & Xiao Ning & Yumeng Zhu & Yifan Guo & Zhou Huang & Yu Hao, 2022. "How can China's sustainable development be damaged in consequence of financial misallocation? Analysis from the perspective of regional innovation capability," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3649-3668, November.
    10. In Hwan Jo, 2025. "Firm Size And Business Cycles With Credit Shocks," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(2), pages 629-659, May.

  4. Marios Karabarbounis & Patrick Macnamara, 2019. "Misallocation and Credit Market Constraints: the Role of Long-Term Financing," Working Paper 19-1, Federal Reserve Bank of Richmond.

    Cited by:

    1. Joachim Jungherr & Immo Schott, 2021. "Optimal Debt Maturity and Firm Investment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 42, pages 110-132, October.

  5. Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari, 2018. "Regional Consumption Responses and the Aggregate Fiscal Multiplier," Working Paper Series 2018-04, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Nuno Alves & Fátima Cardoso & Manuel Coutinho Pereira, 2025. "Response of consumers to wage shocks in the framework of the Portuguese assistance program," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 24(1), pages 5-33, January.
    2. Nguyen, Thuy Lan, 2020. "Comments on “Regional Data in Macroeconomics: Advice for Practitioners”," Journal of Economic Dynamics and Control, Elsevier, vol. 115(C).
    3. Mitman, Kurt & Manovskii, Iourii & Hagedorn, Marcus, 2019. "The Fiscal Multiplier," CEPR Discussion Papers 13529, C.E.P.R. Discussion Papers.
    4. Bhattarai, Saroj & Schwartzman, Felipe & Yang, Choongryul, 2021. "Local scars of the US housing crisis," Journal of Monetary Economics, Elsevier, vol. 119(C), pages 40-57.
    5. Auclert, Adrien & Dobbie, Will & Goldsmith-Pinkham, Paul, 2019. "Macroeconomic Effects of Debt Relief: Consumer Bankruptcy Protections in the Great Recession," CEPR Discussion Papers 13598, C.E.P.R. Discussion Papers.
    6. Mario Crucini & Nam Vu, 2021. "Did the American Recovery and Reinvestment Act Help Counties Most Affected by the Great Recession?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 42, pages 264-282, October.
    7. Gabriel Chodorow-Reich & Plamen T. Nenov & Alp Simsek, 2021. "Stock Market Wealth and the Real Economy: A Local Labor Market Approach," American Economic Review, American Economic Association, vol. 111(5), pages 1613-1657, May.
    8. Timothy G. Conley & Bill Dupor & Rong Li & Yijiang Zhou, 2023. "Decomposing the Government Transfer Multiplier," Working Papers 2023-017, Federal Reserve Bank of St. Louis, revised 17 Nov 2023.
    9. Yongsung Chang & Yena Park, 2017. "Optimal Taxation with Private Insurance," RCER Working Papers 599, University of Rochester - Center for Economic Research (RCER).
    10. Christopher L. House & Christian Proebsting & Linda L. Tesar, 2019. "Regional Effects of Exchange Rate Fluctuations," NBER Working Papers 26071, National Bureau of Economic Research, Inc.
    11. Marco Bellifemine & Adrien Couturier & Rustam Jamilov, 2022. "The Regional Keynesian Cross," Economics Series Working Papers 995, University of Oxford, Department of Economics.
    12. Kartik B. Athreya & Ryan Mather & Jose Mustre-del-Rio & Juan M. Sanchez, 2020. "The Effects of Macroeconomic Shocks: Household Financial Distress Matters," Research Working Paper RWP 20-13, Federal Reserve Bank of Kansas City, revised 04 Jan 2024.
    13. Jean‐François Houde & Peter Newberry & Katja Seim, 2023. "Nexus Tax Laws and Economies of Density in E‐Commerce: A Study of Amazon's Fulfillment Center Network," Econometrica, Econometric Society, vol. 91(1), pages 147-190, January.
    14. Kartik B. Athreya & Ryan Mather & Jose Mustre-del-Rio & Juan M. Sanchez, 2020. "Household Financial Distress and the Burden of 'Aggregate' Shocks," Working Paper 20-12, Federal Reserve Bank of Richmond.
    15. Darracq Pariès, Matthieu & Notarpietro, Alessandro & Kilponen, Juha & Papadopoulou, Niki & Zimic, Srečko & Aldama, Pierre & Langenus, Geert & Alvarez, Luis Julian & Lemoine, Matthieu & Angelini, Elena, 2021. "Review of macroeconomic modelling in the Eurosystem: current practices and scope for improvement," Occasional Paper Series 267, European Central Bank.
    16. Christopher Biolsi & Alex Lebedinsky, 2021. "Can changes in sentiments influence consumer behavior? Evidence from the Trump‐Russia investigation," Economic Inquiry, Western Economic Association International, vol. 59(4), pages 1569-1592, October.
    17. Chodorow-Reich, Gabriel, 2020. "Regional data in macroeconomics: Some advice for practitioners," Journal of Economic Dynamics and Control, Elsevier, vol. 115(C).
    18. Fátima Cardoso & Manuel Coutinho Pereira & Nuno Alves, 2020. "Heterogeneous response of consumers to income shocks throughout a financial assistance program," Working Papers w202018, Banco de Portugal, Economics and Research Department.
    19. Alan J. Auerbach & Yuriy Gorodnichenko & Daniel Murphy, 2019. "Macroeconomic Frameworks," NBER Working Papers 26365, National Bureau of Economic Research, Inc.
    20. McCrory, Peter B, 2020. "Tradable Spillovers of Fiscal Policy: Evidence from the 2009 Recovery Act," Institute for Research on Labor and Employment, Working Paper Series qt04n482qf, Institute of Industrial Relations, UC Berkeley.
    21. Christopher Biolsi, 2019. "Local Effects of a Military Spending Shock: Evidence from Shipbuilding in the 1930s," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 227-248, April.
    22. Kudlyak, Marianna & Faia, Ester & Shabalina, Ekaterina, 2021. "Dynamic Labor Reallocation with Heterogeneous Skills and Uninsured Idiosyncratic Risk," CEPR Discussion Papers 16008, C.E.P.R. Discussion Papers.
    23. J. Anthony Cookson & Erik P. Gilje & Rawley Z. Heimer, 2020. "Shale Shocked: Cash Windfalls and Household Debt Repayment," NBER Working Papers 27782, National Bureau of Economic Research, Inc.
    24. Gerald Carlino & Nicholas Zarra & Robert Inman & Thorsten Drautzburg, 2019. "Fiscal Policy in Monetary Unions: State Partisanship and its Macroeconomic Effects," 2019 Meeting Papers 434, Society for Economic Dynamics.

  6. Patrick Macnamara & Marios Karabarbounis, 2017. "Misallocation and Financial Frictions: the Role of Long-Term Financing," 2017 Meeting Papers 873, Society for Economic Dynamics.

    Cited by:

    1. Mamadou Mouminy Bah & Mamadou Nouhou Diallo & Jean Marcelin Bosson Brou, 2025. "Resource Misallocation and Financial Access Constraints: Evidence from Developing Countries," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 67(3), pages 554-622, September.
    2. Li, Huiyu, 2022. "Leverage and productivity," Journal of Development Economics, Elsevier, vol. 154(C).
    3. Saifullah Khan & Adnan Shoaib, 2024. "Firm value adjustment speed through financial friction in the presence of earnings management and productivity growth: evidence from emerging economies," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
    4. Jungherr, Joachim & Schott, Immo, 2022. "Slow Debt, Deep Recessions," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 14(1), pages 224-259.
    5. Gu, Shijun & Jia, Chengcheng, 2022. "Firm dynamics and SOE transformation during China’s Economic Reform," Journal of International Money and Finance, Elsevier, vol. 127(C).
    6. Wu, Ziqing & Chen, Leyi, 2025. "Does oil price uncertainty affect corporate total factor productivity? Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
    7. Kim, Hwagyun & Mathur, Vipul & Shin, Jong Kook & Subramanian, Chetan, 2023. "Misallocation of debt and aggregate productivity," Journal of Corporate Finance, Elsevier, vol. 83(C).
    8. Zheng, Qingying & Hu, Haoyang & Li, Jianglong, 2024. "Enterprise decision-making in energy use rights trading market: A theoretical and simulation study," Energy Policy, Elsevier, vol. 193(C).
    9. Yunwei Li & Wenjing Long & Xiao Ning & Yumeng Zhu & Yifan Guo & Zhou Huang & Yu Hao, 2022. "How can China's sustainable development be damaged in consequence of financial misallocation? Analysis from the perspective of regional innovation capability," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3649-3668, November.
    10. In Hwan Jo, 2025. "Firm Size And Business Cycles With Credit Shocks," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(2), pages 629-659, May.

  7. Yongsung Chang & Jay H. Hong & Marios Karabarbounis, 2014. "Labor-Market Uncertainty and Portfolio Choice Puzzles," Working Paper 14-13, Federal Reserve Bank of Richmond.

    Cited by:

    1. Ellora Derenoncourt & Chi Hyun Kim & Moritz Kuhn & Moritz Schularick, 2023. "Unemployment Risk, Portfolio Choice, and the Racial Wealth Gap," Working Papers 332, Princeton University, Department of Economics, Center for Economic Policy Studies..
    2. Fabio C. Bagliano & Carolina Fugazza & Giovanna Nicodano, 2018. "Life-Cycle Portfolios, Unemployment and Human Capital Loss," Carlo Alberto Notebooks 577, Collegio Carlo Alberto.
    3. Gálvez, Julio & Paz-Pardo, Gonzalo, 2023. "Richer earnings dynamics, consumption and portfolio choice over the life cycle," Working Paper Series 2810, European Central Bank.
    4. Cai, Xiqian & Cheng, Zhengquan & Li, Dongxu, 2024. "Balancing against geopolitical risk: Household investment portfolios during the U.S.-China trade war," Finance Research Letters, Elsevier, vol. 66(C).
    5. Nicodano, Giovanna & Bagliano, Fabio-Cesare & Fugazza, Carolina, 2021. "Life-Cycle Risk-Taking with Personal Disaster Risk," CEPR Discussion Papers 16234, C.E.P.R. Discussion Papers.
    6. Minsu Chang, 2023. "Online Appendix to "Changing Marital Transitions and Homeownership Among Young Households"," Online Appendices 21-30, Review of Economic Dynamics.
    7. Yongsung Chang & Jay Hong & Marios Karabarbounis & Yicheng Wang & Tao Zhang, 2021. "Online Appendix to "Income Volatility and Portfolio Choices"," Online Appendices 20-409, Review of Economic Dynamics.
    8. Yongsung Chang & Jay H. Hong & Marios Karabarbounis & Yicheng Wang, 2020. "Income Volatility and Portfolio Choices," Working Paper 20-01, Federal Reserve Bank of Richmond.
    9. Fong, Joelle H. & Koh, Benedict S.K. & Mitchell, Olivia S. & Rohwedder, Susann, 2021. "Financial literacy and financial decision-making at older ages," Pacific-Basin Finance Journal, Elsevier, vol. 65(C).
    10. Kartik Athreya & Felicia Ionescu & Urvi Neelakantan, 2023. "Stock Market Participation: The Role of Human Capital," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 1-18, January.
    11. Mann, Katja & Davenport, Margaret, 2016. "Demography, Capital Flows and Asset Allocation over the Life-cycle," VfS Annual Conference 2016 (Augsburg): Demographic Change 145948, Verein für Socialpolitik / German Economic Association.
    12. Jung, Daesun & Kim, Young Sik, 2020. "Income volatility, household leverage, and consumption in Korea," Japan and the World Economy, Elsevier, vol. 53(C).
    13. Fabio C. Bagliano & Carolina Fugazza & Giovanna Nicodano, 2020. "Life-Cycle Welfare Losses from Rules-of-Thumb Asset Allocation," Carlo Alberto Notebooks 616, Collegio Carlo Alberto.
    14. Guodong Chen & Minjoon Lee & Tong-yob Nam, 2018. "Forced Retirement Risk and Portfolio Choice," Carleton Economic Papers 18-06, Carleton University, Department of Economics.
    15. Gao, Xiang & Sun, Li, 2021. "Modeling retirees’ investment behaviors in the presence of health expenditure risk and financial crisis risk," Economic Modelling, Elsevier, vol. 94(C), pages 442-454.
    16. Ivo Bakota, 2020. "Capital Income Taxation with Portfolio Choice," CERGE-EI Working Papers wp668, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    17. Mark Huggett & Greg Kaplan, 2015. "How Large is the Stock Component of Human Capital?," NBER Working Papers 21238, National Bureau of Economic Research, Inc.
    18. Hubar, Sylwia & Koulovatianos, Christos & Li, Jian, 2020. "The role of labor-income risk in household risk-taking?," CFS Working Paper Series 640, Center for Financial Studies (CFS).
    19. Christos I. Giannikos & Efstathia D. Korkou, 2023. "Gender and Risk-Taking in the Building of U.S. Retirement Wealth," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 51(4), pages 259-274, December.
    20. Emil Bandoni & Carolina Fugazza, 2025. "Health Disasters and Life Cycle Risk Taking," Carlo Alberto Notebooks 748 JEL Classification: D, Collegio Carlo Alberto.
    21. Park, Jin Seok & Suh, Donghyun, 2019. "Uncertainty and household portfolio choice : Evidence from South Korea," Economics Letters, Elsevier, vol. 180(C), pages 21-24.
    22. Alistair Macaulay & Chenchuan Shi, 2025. "Ambiguity Aversion, Portfolio Choice, and Life Expectancy," School of Economics Discussion Papers 0425, School of Economics, University of Surrey.
    23. Wang, Yuanping & Wang, Dongfang & Hou, Chunxiao, 2022. "Information acquisition and asset allocation with unknown income growth," Economics Letters, Elsevier, vol. 213(C).
    24. Du, You, 2023. "Health investment and medical risk: New explanations of the portfolio puzzle," Economic Modelling, Elsevier, vol. 127(C).
    25. You Du & Weige Huang, 2023. "Portfolio Allocation with Medical Expenditure Risk-A Life Cycle Model and Machine Learning Analysis," Journal of Regional Economics, Anser Press, vol. 2(1), pages 53-68, October.
    26. Fong, Joelle H. & Koh, Benedict SK. & Mitchell, Olivia S. & Rohwedder, Susann, 2019. "Financial literacy and suboptimal financial decisions at older ages," CFS Working Paper Series 630, Center for Financial Studies (CFS).
    27. Christos I. Giannikos & Efstathia Korkou, 2022. "Gender Differences in Risk-Taking Investment Strategies in Defined Contribution Plans," JRFM, MDPI, vol. 15(5), pages 1-18, May.

  8. Marios Karabarbounis, 2013. "Heterogeneity in labor supply elasticity and optimal taxation," Working Paper 13-13, Federal Reserve Bank of Richmond.

    Cited by:

    1. Shantanu Bagchi, 2016. "Differential Mortality and the Progressivity of Social Security," Upjohn Working Papers 16-263, W.E. Upjohn Institute for Employment Research.
    2. Blandin, Adam & Peterman, William B., 2019. "Taxing capital? The importance of how human capital is accumulated," European Economic Review, Elsevier, vol. 119(C), pages 482-508.
    3. Abby Alpert & David Powell, 2014. "Estimating Intensive and Extensive Tax Responsiveness Do Older Workers Respond to Income Taxes?," Working Papers WR-987-1, RAND Corporation.
    4. Dirk Krueger & Alexander Ludwig, 2015. "On the Optimal Provision of Social Insurance: Progressive Taxation versus Education Subsidies in General Equilibrium," NBER Working Papers 21538, National Bureau of Economic Research, Inc.
    5. Jean-Baptiste Michau, 2013. "On the Provision of Insurance Against Search-Induced Wage Fluctuations," Working Papers hal-00850547, HAL.
    6. Shantanu Bagchi, 2023. "Means Testing and Social Security in the U.S," Working Papers 2023-01, Towson University, Department of Economics, revised Mar 2023.
    7. William Peterman, 2012. "The Effect of Endogenous Human Capital Accumulation on Optimal Taxation," 2012 Meeting Papers 204, Society for Economic Dynamics.
    8. Bagchi, Shantanu, 2016. "Is The Social Security Crisis Really As Bad As We Think?," Macroeconomic Dynamics, Cambridge University Press, vol. 20(3), pages 737-776, April.
    9. Abuselidze, George, 2020. "Optimality of tax policy on the basis of comparative analysis of income taxation," MPRA Paper 104591, University Library of Munich, Germany.
    10. Alexander Ludwig & Dirk Krueger, 2015. "Optimal Capital and Progressive Labor Income Taxation with Endogenous Schooling Decisions and Intergenerational Transfers," 2015 Meeting Papers 334, Society for Economic Dynamics.
    11. European Commission, 2013. "Tax reforms in EU Member States - Tax policy challenges for economic growth and fiscal sustainability – 2013 Report," Taxation Papers 38, Directorate General Taxation and Customs Union, European Commission.
    12. Shantanu Bagchi, 2024. "Means testing and Social Security in the United States," International Studies of Economics, John Wiley & Sons, vol. 19(1), pages 68-91, March.
    13. Bagchi, Shantanu, 2015. "Labor supply and the optimality of Social Security," Journal of Economic Dynamics and Control, Elsevier, vol. 58(C), pages 167-185.
    14. Krueger, Dirk & Ludwig, Alexander, 2015. "On the optimal provision of social insurance," SAFE Working Paper Series 110 [rev.], Leibniz Institute for Financial Research SAFE, revised 2015.
    15. Dirk Krueger & Alexander Ludwig, 2013. "Optimal Progressive Taxation and Education Subsidies in a Model of Endogenous Human Capital Formation," Working Paper Series in Economics 60, University of Cologne, Department of Economics.
    16. Abuselidze, George, 2015. "Formation of Tax Policy in the Aspect of the Optimal Tax Burden," MPRA Paper 86277, University Library of Munich, Germany, revised 02 Jun 2015.

  9. Yongsung Chang & Jay Hong & Marios Karabarbounis, 2013. "Life Cycle Uncertainty and Portfolio Choice Puzzles," 2013 Meeting Papers 595, Society for Economic Dynamics.

    Cited by:

    1. Kartik B. Athreya & Felicia Ionescu & Urvi Neelakantan, 2015. "Stock Market Investment: The Role of Human Capital," Finance and Economics Discussion Series 2015-65, Board of Governors of the Federal Reserve System (U.S.).

Articles

  1. Yongsung Chang & Jay Hong & Marios Karabarbounis & Yicheng Wang & Tao Zhang, 2022. "Income Volatility and Portfolio Choices," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 65-90, April.
    See citations under working paper version above.
  2. Marios Karabarbounis & Patrick Macnamara, 2021. "Misallocation and Financial Frictions: the Role of Long-Term Financing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 44-63, April.
    See citations under working paper version above.
  3. Marios Karabarbounis & Santiago Pinto, 2018. "What Can We Learn from Online Wage Postings? Evidence from Glassdoor," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 173-189.

    Cited by:

    1. Ioana Marinescu & Daphne Skandalis & Daniel Zhao, 2021. "The Impact of the Federal Pandemic Unemployment Compensation on Job Search and Vacancy Creation," NBER Working Papers 28567, National Bureau of Economic Research, Inc.
    2. Matthew Gibson, 2024. "Employer Market Power in Silicon Valley," Upjohn Working Papers 24-398, W.E. Upjohn Institute for Employment Research.
    3. Shakina, Elena & Volkova, Natalia V. & Paklina, Sofia, 2024. "Perceived worth of human capital across IT jobseekers in the digital era," Technological Forecasting and Social Change, Elsevier, vol. 209(C).
    4. Paolo Martellini & Todd Schoellman & Jason Sockin, 2024. "The Global Distribution of College Graduate Quality," Journal of Political Economy, University of Chicago Press, vol. 132(2), pages 434-483.
    5. Callaci, Brian & Gibson, Matthew & Pinto, Sergio & Steinbaum, Marshall & Walsh, Matt, 2023. "The Effect of Franchise No-Poaching Restrictions on Worker Earnings," IZA Discussion Papers 16330, Institute of Labor Economics (IZA).
    6. Letian Zhang, 2023. "Racial Inequality in Work Environments," American Sociological Review, , vol. 88(2), pages 252-283, April.
    7. ED deHAAN & NAN LI & FRANK S. ZHOU, 2023. "Financial Reporting and Employee Job Search," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 61(2), pages 571-617, May.

  4. Yongsung Chang & Jay H. Hong & Marios Karabarbounis, 2018. "Labor Market Uncertainty and Portfolio Choice Puzzles," American Economic Journal: Macroeconomics, American Economic Association, vol. 10(2), pages 222-262, April.
    See citations under working paper version above.
  5. Marios Karabarbounis, 2016. "A Road Map for Efficiently Taxing Heterogeneous Agents," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(2), pages 182-214, April.

    Cited by:

    1. John Bailey Jones & Yue Li, 2022. "Online Appendix to "Social Security Reform with Heterogeneous Mortality"," Online Appendices 21-214, Review of Economic Dynamics.
    2. Jonathan Heathcote & Gianluca Violante & Kjetil Storesletten, 2018. "Optimal Progressivity with Age-Dependent Taxation," 2018 Meeting Papers 501, Society for Economic Dynamics.
    3. Blandin, Adam & Peterman, William B., 2019. "Taxing capital? The importance of how human capital is accumulated," European Economic Review, Elsevier, vol. 119(C), pages 482-508.
    4. Abby Alpert & David Powell, 2020. "Estimating Intensive And Extensive Tax Responsiveness," Economic Inquiry, Western Economic Association International, vol. 58(4), pages 1855-1873, October.
    5. Ali Elminejad & Tomas Havranek & Roman Horvath & Zuzana Irsova, 2023. "Online Appendix to "Intertemporal Substitution in Labor Supply: A Meta-Analysis"," Online Appendices 23-196, Review of Economic Dynamics.
    6. Richard Jaimes, 2021. "Optimal Climate and Fiscal Policy in an OLG economy," Vniversitas Económica, Universidad Javeriana - Bogotá, vol. 0(0), pages 1-63.
    7. Mitman, Kurt & Krueger, Dirk & Perri, Fabrizio, 2016. "Macroeconomics and Household Heterogeneity," CEPR Discussion Papers 11308, C.E.P.R. Discussion Papers.
    8. Stefanie Stantcheva, 2020. "Dynamic Taxation," NBER Working Papers 26704, National Bureau of Economic Research, Inc.
    9. Roman Horvath & Ali Elminejad & Tomas Havranek, 2020. "Publication and Identification Biases in Measuring the Intertemporal Substitution of Labor Supply," Working Papers IES 2020/32, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Sep 2020.
    10. Eric French & John Bailey Jones, 2017. "Health, Health Insurance, and Retirement: A Survey," Working Paper 17-3, Federal Reserve Bank of Richmond.
    11. Jean-Baptiste Michau, 2013. "On the Provision of Insurance Against Search-Induced Wage Fluctuations," Working Papers hal-00850547, HAL.
    12. Henrique S. Basso & Omar Rachedi, 2018. "The young, the old, and the government: demographics and fiscal multipliers," Working Papers 1837, Banco de España.
    13. John Bailey Jones & Yue Li, 2017. "The Effects of Collecting Income Taxes on Social Security Benefits," CINCH Working Paper Series 1706, Universitaet Duisburg-Essen, Competent in Competition and Health, revised Jun 2017.
    14. Keane, Michael P., 2022. "Recent research on labor supply: Implications for tax and transfer policy," Labour Economics, Elsevier, vol. 77(C).
    15. John Bailey Jones & Yue Li, 2020. "Social Security Reform with Heterogeneous Mortality," Working Paper 20-09, Federal Reserve Bank of Richmond.
    16. Gustafsson, Johan, 2024. "Favorable tax treatment of older workers in general equilibrium," Umeå Economic Studies 1023, Umeå University, Department of Economics.
    17. Miguel Lorca, 2021. "Effects of COVID‐19 early release of pension funds: The case of Chile," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(4), pages 903-936, December.
    18. P. J. Glandon & Ken Kuttner & Sandeep Mazumder & Caleb Stroup, 2023. "Macroeconomic Research, Present and Past," Journal of Economic Literature, American Economic Association, vol. 61(3), pages 1088-1126, September.
    19. Woodland, A., 2016. "Taxation, Pensions, and Demographic Change," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 713-780, Elsevier.
    20. Ortigueira, Salvador & Siassi, Nawid, 2021. "On the Optimal Reform of Income Support for Single Parents," ECON WPS - Working Papers in Economic Theory and Policy 05/2021, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    21. Choonsung Park, 2020. "Consumption, Reservation Wages, and Aggregate Labor Supply," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 54-80, July.
    22. Westerhout, Ed, 2020. "The Adverse and Beneficial effects of Front-Loaded Pension Contributions," Discussion Paper 2020-016, Tilburg University, Center for Economic Research.
    23. Abdoulaye Ndiaye, 2018. "Flexible Retirement and Optimal Taxation," 2018 Meeting Papers 535, Society for Economic Dynamics.
    24. Kotsogiannis, Christos & Mateos-Planas, Xavier, 2019. "Tax evasion as contingent debt," LSE Research Online Documents on Economics 100941, London School of Economics and Political Science, LSE Library.
    25. Westerhout, Ed, 2020. "The Adverse and Beneficial effects of Front-Loaded Pension Contributions," Other publications TiSEM 25806b9b-8208-4ae6-b309-4, Tilburg University, School of Economics and Management.
    26. Parro, Francisco, 2024. "Unveiling the impact of income taxes on inequality in a HACT model," Journal of Macroeconomics, Elsevier, vol. 79(C).
    27. Christos Kotsogiannis & Xavier Mateos-Planas, 2019. "Tax Evasion as Contingent Debt," Discussion Papers 1903, Centre for Macroeconomics (CFM).

  6. Marios Karabarbounis, 2015. "Does Bank Lending Matter for Large Firms' Investment?," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 303-317.

    Cited by:

    1. Marios Karabarbounis & Patrick Macnamara, 2019. "Misallocation and Credit Market Constraints: the Role of Long-Term Financing," Working Paper 19-1, Federal Reserve Bank of Richmond.
    2. Goel, Manisha & Zemel, Michelle, 2018. "Switching to bonds when loans are scarce: Evidence from four U.S. crises," Journal of Corporate Finance, Elsevier, vol. 52(C), pages 1-27.

  7. Marios Karabarbounis & Patrick Macnamara & Roisin McCord, 2014. "A Business Cycle Analysis of Debt and Equity Financing," Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 51-85.

    Cited by:

    1. Denny Irawan & Tatsuyoshi Okimoto, 2021. "Macro uncertainties and tests of capital structure theories across renewable and non-renewable resource companies," CAMA Working Papers 2021-73, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    2. Macnamara, Patrick, 2019. "Taxes and financial frictions: Implications for corporate capital structure," Journal of Economic Dynamics and Control, Elsevier, vol. 101(C), pages 82-100.
    3. Ana Venâncio & João Jorge, 2022. "The role of accelerator programmes on the capital structure of start-ups," Small Business Economics, Springer, vol. 59(3), pages 1143-1167, October.
    4. Deni Irawan & Tatsuyoshi Okimoto, 2021. "Macro Uncertainties and Tests of Capital Structure Theories across Renewable and Non-Renewable Resource Companies," LPEM FEBUI Working Papers 202168, LPEM, Faculty of Economics and Business, University of Indonesia, revised 2021.
    5. Haitham A. Al-Zoubi & Jennifer A. O’Sullivan & Abdulaziz M. Alwathnani, 2018. "Business cycles, financial cycles and capital structure," Annals of Finance, Springer, vol. 14(1), pages 105-123, February.
    6. Llobet-Dalmases, Joan & Plana-Erta, Dolors & Uribe, Jorge M., 2023. "Cyclical capital structure decisions," The North American Journal of Economics and Finance, Elsevier, vol. 66(C).

Software components

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More information

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Statistics

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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 16 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-DGE: Dynamic General Equilibrium (12) 2013-05-11 2013-11-14 2013-12-15 2014-07-21 2016-11-27 2017-10-15 2017-11-05 2018-03-12 2018-04-23 2021-01-25 2023-12-04 2025-12-01. Author is listed
  2. NEP-MAC: Macroeconomics (6) 2018-03-12 2018-03-12 2018-04-23 2019-01-28 2020-05-11 2021-01-25. Author is listed
  3. NEP-FDG: Financial Development and Growth (2) 2019-01-28 2020-10-12
  4. NEP-LAB: Labour Economics (2) 2013-11-14 2023-12-04
  5. NEP-LMA: Labor Markets - Supply, Demand, and Wages (2) 2013-11-14 2025-12-01
  6. NEP-PBE: Public Economics (2) 2013-05-11 2013-11-14
  7. NEP-URE: Urban and Real Estate Economics (2) 2018-03-12 2018-04-23
  8. NEP-AGE: Economics of Ageing (1) 2013-05-11
  9. NEP-GEN: Gender (1) 2020-05-11
  10. NEP-ORE: Operations Research (1) 2020-05-11
  11. NEP-PUB: Public Finance (1) 2013-05-11

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