Amir Yaron Faculty Profile

Amir Yaron
Associate Professor of Finance

PhD, University of Chicago, 1994; MA, University of Chicago, 1991; MA, Tel-Aviv University, 1988; BA, Tel-Aviv University, 1985

Research Areas
Asset Pricing; Macroeconomics; International Finance; Econometrics

Current Projects
Asset returns and long run risks, Incomplete markets and the distribution of income and returns, Financing frictions and asset pricing.

Academic Positions Held
Wharton: 1997-present. Previous appointments: Carnegie Mellon University

Other Positions
Visiting Scholar, Institute for International Economic Studies, Stockholm University, June 1996, 2003; Summer Intern, Research Department, International Monetary Fund, 1993; Unit Head, The Financial Advisor to the Chief of Staff, Israel Defense Foreces, 1985-89

Career and Recent Professional Awards; Teaching Awards
2004 Smith Breeden Award for Distinguished Papers; Alfred Sloan Dissertation Fellowship, 1994

Representative Publications
(with L.P. Hansen and J. Heaton)
"Finite Sample Properties of Alternative GMM Estimators." Journal of Business and Economics Statistics 55 (1996).

(with C. Telmer and K. Storesletten)
"Consumption and Risk Sharing Over the Life Cycle." Journal of Monetary Economics (2004).

(with C. Telmer and K. Storesletten)
"Cyclical Dynamics in Idiosyncratic Labor Market Risk." Journal of Political Economy (2004).

(with R. Bansal)
"Risks For the Long Run: A Potential Resolution of Asset Pricing Puzzles." Journal of Finance (2004).