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What is Econometrics of Aggregation Explained about?
This document discusses the econometrics of aggregation, which models the relationship between individual (micro) behavior and aggregate (macro) statistics. It addresses three types of individual heterogeneity - in income/preferences, wealth/income risk, and market participation. Recent work has centered on explicit models of individual heterogeneity. Heterogeneity arises from differences in tastes/incomes, market participation, and wealth/income risk situations. The classical aggregation problem examines h
- Author
- Fast Talker
- Language
- EN