Miles S Kimball

Biographic Data

ID5871767
NAMEMiles S Kimball
GIVEN NAMESMiles S
FAMILY NAMEKimball
SIGNATUREKIMBALL M S
AFFILIATIONSUniversity of Michigan
VERIFIEDNo
TOTAL WORKS6
TOTAL CITATIONS2
AUTHOR COUNT6
EDITOR COUNT0
FIRST PUBLICATION YEAR1989
LATEST PUBLICATION YEAR2021
H-INDEX1

  • What Do Happiness Data Mean? Theory and Survey Evidence

    Open AccessDaniel J Benjamin, Jakina Debnam Guzman et al.ARTICLESSRN Electronic Journal2021

  • Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference

    Daniel J Benjamin, Ori Heffetz et al.ARTICLEAmerican Economic Review2014

    This paper proposes foundations and a methodology for survey-based tracking of well-being. First, we develop a theory in which utility depends on “fundamental aspects” of well-being, measurable with surveys. Second, drawing from psychologists, philosophers, and economists, we compile a comprehensive list of such aspects. Third, we demonstrate our proposed method for estimating the aspects' relative marginal utilities—a necessary input for constru…

  • What Do You Think Would Make You Happier? What Do You Think You Would Choose?

    Daniel J Benjamin, Ori Heffetz et al.ARTICLEAmerican Economic Review2012

    Would people choose what they think would maximize their subjective well-being (SWB)? We present survey respondents with hypothetical scenarios and elicit both choice and predicted SWB rankings of two alternatives. While choice and predicted SWB rankings usually coincide in our data, we find systematic reversals. We identify factors—such as predicted sense of purpose, control over one's life, family happiness, and social status—that help explain …

  • Are Technology Improvements Contractionary?

    Susanto Basu, John G Fernald et al.ARTICLEAmerican Economic Review2006

    Yes. We construct a measure of aggregate technology change, controlling for aggregation effects, varying utilization of capital and labor, nonconstant returns, and imperfect competition. On impact, when technology improves, input use and nonresidential investment fall sharply. Output changes little. With a lag of several years, inputs and investment return to normal and output rises strongly. The standard one-sector real-business-cycle model is n…

  • Precautionary Saving in the Small and in the Large

    Miles S Kimball, Miles KimballARTICLEEconometrica1990

    The theory of precautionary saving is shown in this paper to be isomorphic to the Arrow-Pratt theory of risk aversion, making possible the application of a large body of knowledge about risk aversion to precautionary saving, and more generally, to the theory of optimal choice under risk. In particular, a measure of the strength of precautionary saving motive analogous to the Arrow-Pratt measure of risk aversion is used to establish a number of ne…

  • Precautionary Saving and the Timing of Taxes

    Miles S Kimball, Miles Kimball et al.ARTICLEJournal of Political Economy1989Cited by: 2

    This paper analyzes the effects of governeent debt and income taxes on consumption and saving in a world of infinitely-lived households having uncertain and heterogeneous incomes. The special structure of the model allows exact aggregation across households despite incomplete mmrkets. The effects of government debt are shown to be substantial, roughly comparable to those resulting from finite horizons, and crucially dependent on the length of tim…