Supplement to "Risk Sharing in Private Information Models with Asset Accumulation: Explaining the Excess Smoothness of Consumption"

This document contains two main sections which correspond to Appendix B and Appendix C in the main text.  In the first section we formally derive the closed forms presented in Sections 3.2 and 3.3 in the main text.  In the second section, we derive the expression for the bias in the variance induced by the use of a pseudo-panel (such as the one we consider in our estimations).

Supplemental Authors: 
Orazio Attanasio and Nicola Pavoni
extensions

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