Consumption dynamics in Russia: Estimates on microdata

The paper investigates household consumption behavior in Russia. The model assumes that household consumption can be determined both by Euler equation and the rule of thumb. Using panel data on households (RLMS–HSE) from 2000 to 2011, we present estimates of elasticity of intertemporal substitution and show that an essential part of households consume constant part of their current income and do not solve optimization problem.

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Year of publication:	2013
Authors:	Larin, Alexander ; Novak, Anna ; Khvostova, Irina
Published in:	Applied Econometrics. - Publishing House "SINERGIA PRESS". - Vol. 32.2013, 4, p. 29-44
Publisher:	Publishing House "SINERGIA PRESS"
Subject:	Euler equation \| microdata \| rule of thumb \| elasticity of intertemporal substitution \| RLMS–HSE

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Extent:	application/pdf
Type of publication:	Article
Classification:	C23 - Models with Panel Data ; E21 - Consumption; Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010891900