INCOME AND WEALTH HETEROGENEITY, PORTFOLIO CHOICE, AND EQUILIBRIUM ASSET RETURNS

A Practical Guide to Splines

1978 • 11,700 citations

The equity premium: A puzzle

1985 • 5,686 citations

Uninsured Idiosyncratic Risk and Aggregate Saving

1994 • 2,672 citations

Models of business cycles

1987 • 1,593 citations

Asset Pricing with Heterogeneous Consumers

1996 • 1,248 citations

Production‐Based Asset Pricing and the Link Between Stock Returns and Economic Fluctuations

1991 • 1,054 citations

Risk-sensitive real business cycles

2000 • 675 citations

Evaluating the effects of incomplete markets on risk sharing nad asset pricing

2010 • 666 citations

Wealth distribution in life-cycle economies

1996 • 620 citations

The equity premium and the concentration of aggregate shocks

1986 • 453 citations

Asset prices, consumption, and the business cycle

1998 • 444 citations

Asset Pricing Implications of Equilibrium Business Cycle Models

2020 • 352 citations

Asset returns with transactions costs and uninsured individual risk

1991 • 342 citations

Asset‐pricing Puzzles and Incomplete Markets

1993 • 333 citations

Asset pricing with undiversifiable income risk and short sales constraints

1994 • 286 citations

Numerical Solution of Continuous-State Dynamic Programs Using Linear and Spline Interpolation

1993 • 189 citations

The Sensitivity of Tests of the Intertemporal Allocation of Consumption to Near-Rational Alternatives

1989 • 156 citations

On the quantitative importance of market completeness

1994 • 124 citations

TRENDS IN HOUSEHOLD WEALTH IN THE UNITED STATES, 1962–83 AND 1983–89

1994 • 124 citations

Reconsidering the Costs of Business Cycles with Incomplete Markets

1994 • 113 citations

The importance of investor heterogeneity and financial market imperfections for the behavior of asset prices

1995 • 68 citations

Rules of thumb in macroeconomic equilibrium A quantitative analysis

1996 • 65 citations

Heterogeneity, Aggregate Uncertainty, and the Short-Term Interest Rate

1996 • 57 citations

Shirtsleeves to Shirtsleeves: The Economics of Social Mobility (1996)

2008 • 45 citations

The One-Sector Growth Model With Idiosyncratic Shocks

1995 • 33 citations

Preferences, Consumption Smoothing and Risk Premia

1997 • 13 citations