Research Statement


    I am a macroeconomist and my primary research focus is economic growth. I also study household finance, labor, and life-cycle economics. My growth research highlights the importance of the diffusion of information to economic growth. My household finance, labor, and life-cycle research leverages innovative data to better understand the forces that determine people's consumption, saving, labor supply, and insurance purchase behavior.


Journal Publications and Accepted Articles

  • Cognitive Decline, Limited Awareness, Imperfect Agency, and Financial Well-being
    John Ameriks, Andrew Caplin, Minjoon Lee, Matthew D. Shapiro, and Christopher Tonetti
    American Economic Review: Insights (2022), forthcoming.

    Abstract
  • Reconciling Models of Diffusion and Innovation: A Theory of the Productivity Distribution and Technology Frontier
    Jess Benhabib, Jesse Perla, and Christopher Tonetti
    Econometrica (2021), Vol 89 (5), 2261-2301. [ ECMA link ]

    Abstract
  • Equilibrium Technology Diffusion, Trade, and Growth       [ Numerical Methods Appendix ] [ Code ] [ Slides ]
    Jesse Perla, Christopher Tonetti, and Michael E. Waugh
    American Economic Review (2021), Vol. 111 (1): 73-128. [ AER link ]

    Abstract
  • Nonrivalry and the Economics of Data       [ Online Appendix ] [ Slides ]
    Charles I. Jones and Christopher Tonetti
    American Economic Review (2020), Vol. 110 (9): 2819-2858. [ AER link ]

    Abstract
  • Long-Term-Care Utility and Late-in-Life Saving       [ Online Appendix ]
    John Ameriks, Joseph Briggs, Andrew Caplin, Matthew D. Shapiro, and Christopher Tonetti
    Journal of Political Economy (2020), Vol. 128 (6): 2375-2451. [ JPE link ]

    Abstract
  • Older Americans Would Work Longer if Jobs Were Flexible       [ Slides ]
    John Ameriks, Joseph Briggs, Andrew Caplin, Minjoon Lee, Matthew D. Shapiro, and Christopher Tonetti
    American Economic Journal: Macroeconomics (2020), Vol. 12 (1): 174-209. [ AEJ: Macro link ]

    Abstract
  • Comment on ``Tarnishing the Golden and Empire States: Land-use Regulations and the U.S. Economic Slowdown,'' by Herkenhoff, Ohanian, and Prescott
    Christopher Tonetti
    Journal of Monetary Economics (2018), Vol. 93: 110-113. [ JME link ]

  • Small Sample Properties of Bayesian Estimators of Labor Income Processes
    Taisuke Nakata and Christopher Tonetti
    Journal of Applied Economics (2015), Vol. 18 (1): 122-148. [ JAE link ]

    Abstract
  • Equilibrium Imitation and Growth
    Jesse Perla and Christopher Tonetti
    Journal of Political Economy (2014), Vol. 122 (1): 52-76. [ JPE link ]

    Abstract
  • Catch-up and Fall-back through Innovation and Imitation       [ Technical Appendix ]
    Jess Benhabib, Jesse Perla, and Christopher Tonetti
    Journal of Economic Growth (2014), Vol. 19 (1): 1-35. [ JEG link ]

    Abstract
  • Collateral Values by Asset Class: Evidence from Primary Securities Dealers
    Leonardo Bartolini, Spence Hilton, Suresh Sundaresan, and Christopher Tonetti
    Review of Financial Studies (2011), Vol. 24 (1): 248-278. [ RFS link ]

    Abstract

Research in Progress

  • Estimating Marginal Treatment Effects with Subjective Beliefs (Coming Soon)
    Joseph Briggs, Andrew Caplin, Søren Leth-Petersen, and Christopher Tonetti

    Abstract
  • Risky Insurance: Life-cycle Insurance Portfolio Choice with Incomplete Markets       [ Slides ] (Coming Soon)
    Joseph Briggs, Ciaran Rogers, and Christopher Tonetti

    Abstract
  • The Long-Term-Care Insurance Puzzle: Modeling and Measurement (June 2018 - Under Revision)
    John Ameriks, Joseph Briggs, Andrew Caplin, Matthew D. Shapiro, and Christopher Tonetti

    Abstract
  • Due Diligence: Endogenous Offer Quality and Information Acquisition in Search and Matching (Work in Progress)
    Joseph Briggs, Andrew Caplin, Mateusz Giezek, Daniel Martin, and Christopher Tonetti

    Abstract
  • Accounting for Job-to-Job Moves: Wages versus Values       [ Slides ] (Work in Progress)
    Joseph Briggs, Andrew Caplin, Victoria Gregory, Søren Leth-Petersen, Johan Sæverud, Christopher Tonetti, and Gianluca Violante

  • Firm Dynamic Hedging and the Labor Risk Premium       [ Slides ] (Work in Progress)
    Sebastian Di Tella, Cedomir Malgieri, and Christopher Tonetti


Dormant Working Papers

  • The Wealth of Wealthholders (Dec 2014)
    John Ameriks, Andrew Caplin, Minjoon Lee, Matthew D. Shapiro, and Christopher Tonetti

    Abstract
  • A Bayesian Approach to Imputing a Consumption-Income Panel Using the PSID and CEX (Sep 2014)
    Matthew E. Smith and Christopher Tonetti

    Abstract
  • Knowledge Diffusion Through Networks (Dec 2019)
    Treb Allen, Kamran Bilir, Zhang Chen, and Christopher Tonetti

    Abstract