Opatrny, Matej; Scasny, Milan - 2021
We provide the first estimate of the elasticity of marginal utility of consumption, η, for a post … varies between 1.24 and 1.42 within the study period that covers 2005-2019. Moreover, the estimate of elasticity of marginal … utility of consumption differs between various income groups and employment status. Importantly, the magnitude of η …