Households Consumption Behavior in Russia : Estimates on Micro Data

This paper investigates the household consumption behavior in Russia. The model assumes that household consumption can be described by both the Euler equation and the rule-of-thumb. Using panel data on households (Russian Longitudinal Monitoring Survey – Higher School of Economics [RLMS-HSE]) from 2000 to 2011, we obtain the estimates of the elasticity of intertemporal substitution and show that an essential part of households consume a constant share of their current income and do not solve optimization problem

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Year of publication:	2013
Authors:	Larin, Alexander
Other Persons:	Novak, Anna (contributor) ; Khvostova, Irina (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Russland \| Russia \| Privater Konsum \| Private consumption \| Konsumentenverhalten \| Consumer behaviour \| Schätzung \| Estimation \| Privater Haushalt \| Household \| Mikroökonometrie \| Microeconometrics \| Schätztheorie \| Estimation theory

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