Thursday, May 11     3:00pm   Arrival and Check In (check-in at 3:00 p.m., but rooms will be held for guests) The Upham Hotel 1404 De La Vina Street Santa Barbara, CA 93101 (805) 962-0058 Daily continental breakfast is included in guest stay. 7:00pm   Cocktails 7:30pm   Conference Kick-off Dinner at El Paseo Mexican Restaurant 800 Block of State Street, in the El Paseo Presidio Santa Barbara, CA 93101 (805) 962-6050 As restaurant is a short walk from the hotel, guests will walk between hotel and restaurant Friday, May 12     8:30am   Shuttle picks up participants at The Upham, transports to UCSB University Center/Harbor Room 9:00am   Arrival at Harbor Room, University Center 9:30 - 1:00pm   Session One - Measuring Individual Risk Moderator - Chris Telmer 9:30 - 10:30am   "Sources of Lifetime Inequality" Gustavo Ventura, Mark Huggett and Amir Yaron 10:30 - 10:45am   Coffee Break 10:45 - 11:45am   "The Evolution of Labor Earnings Risk in the U.S. Economy" Flavio Cunha and James Heckman 11:45am - 12:00pm   Coffee Break 12:00 - 1:00pm   "Wage Risk and Employment Risk Over the Life Cycle" Luigi Pistaferri, Hamish Low and Costas Meghir 1:00 - 3:00pm   Walk to Lunch - UCSB Faculty Club 3:00pm - 6:30pm   Session Two - Private Information and Incomplete Markets Moderator - Finn Kydland 3:00 - 4:00pm   "Risk Sharing in Private Information Models with Asset Accumulation: Explaining the Excess Smoothness of Consumption" Nicola Pavoni and Orazio Attanasio 4:00 - 4:15pm   Coffee Break 4:15 - 5:15pm   "Capital Taxation: Quantitative Explorations of the Inverse Euler Equation" Ivan Werning and Emmanuel Fahri 5:15 - 5:30pm   Coffee Break 5:30 - 6:30pm   "The Irrelevance of Market Incompleteness for the Price of Aggregate Risk" Hanno Lustig and Dirk Krueger 6:30pm   Shuttle picks up participants, transports to The Upham 7:30pm   Meet in Upham lobby to walk to restaurant 8:00pm   Dinner at Opal Restaurant and Bar 1325 State Street Santa Barbara, CA 93101 (805) 966-9676 As restaurant is a short walk from the hotel, guests will walk between hotel and restaurant       Saturday, May 13     8:30am   Shuttle picks up participants at The Upham, transports to UCSB University Center/Harbor Room 9:00am   Arrival at Harbor Room, University Center 9:00 - 9:30am   Arrival at Harbor Room, University Center 9:30 - 1:00pm   Session Three - Testing Risk Sharing Moderator - Fabrizio Perri 9:30 - 10:30am   "Labor Supply and Consumption with Imperfect Risk Sharing: An Analytical Framework" Jonathan Heathcote, Kjetil Storesletten and Gianluca Violante 10:30 - 10:45am   Coffee Break 10:45 - 11:45am   "Measuring Consumption Smoothing in CEX Data" Paul Klein and Martin Gervais 11:45am - 12:00pm   Coffee Break 12:00 - 1:00pm   "Testing Efficient Risk Sharing with Heterogeneous Risk Preferences: Semi-Parametric Tests with an Application to Village Economies" Maurizio Mazzocco and Shiv Saini 1:00 - 3:00pm   Lunch Shuttle picks up participants at Harbor Room, transports to lunch Beachside Bar-Cafe 5905 Sandspit Road Goleta, CA 93117 (805) 964-7881 3:00 - 6:30pm   Session Four - Risk Sharing within the Family Moderator - Gianluca Violante 3:00 - 4:00pm   "Tricks with Hicks: The EASI Demand System" Krishna Pendakur and Arthur Lewbel 4:00 - 4:15pm   Coffee Break 4:15 - 5:15pm   "Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles" Mariacristina De Nardi, Eric French and John Jones 5:15 - 5:30pm   Coffee Break 5:30 - 6:30pm   "Explaining Changes in Female Labour Supply in a Life-cycle Model" Hamish Low, Orazio Attanasio and Virginia Sanchex-Marcos 6:30pm   Conference ends Shuttle picks up participants, transports to The Upham