Search Results - subject:"Euler equation estimation"

Euler equation estimation: Children and credit constraints

Jørgensen, Thomas Høgholm - In: Quantitative Economics 7 (2016) 3, pp. 935-968

Conventional estimators based on the consumption Euler equation, intensively used in studies of intertemporal consumption behavior, produce biased estimates of the effect of children on the marginal utility of consumption if consumers face credit constraints. As a more constructive contribution,...

Persistent link: https://www.econbiz.de/10011995479

Euler equation estimation : children and credit constraints

Jørgensen, Thomas H. - In: Quantitative economics : QE ; journal of the … 7 (2016) 3, pp. 935-968

Persistent link: https://www.econbiz.de/10011800891

Euler Equation Estimation: Children and Credit Constraints

Jørgensen, Thomas Høgholm - Økonomisk Institut, Københavns Universitet - 2014

I show that conventional estimators based on the consumption Euler equation, intensively used in studies of intertemporal consumption behavior, produce biased estimates of the effect of children on consumption if potentially binding credit constraints are ignored. As a more constructive...

Persistent link: https://www.econbiz.de/10010940435

Unexploited Connections Between Intra- and Inter-temporal Allocation

Crossley, Thomas F; Low, Hamish W - 2005

Persistent link: https://www.econbiz.de/10009442004

Is the elasticity of intertemporal substitution constant?

Crossley, Thomas; Low, Hamish - Institute for Fiscal Studies (IFS) - 2005

Engel curves. Under the power utility assumption, neither Euler equation estimation nor structural consumption function … obtained from Euler equation estimation, but we reject the power specification of within period utility. … growth and the intertemporal price (Euler equation estimation). One response to these problems has been to move to structural …

Persistent link: https://www.econbiz.de/10005509462

Unexploited Connections Between Intra- and Inter-temporal Allocation

Crossley, Thomas F.; Low, Hamish W. - Department of Economics, McMaster University - 2005

Persistent link: https://www.econbiz.de/10005635313

Unexploited Connections Between Intra- and Inter-temporal Allocation

Crossley, Thomas F.; Low, Hamish W. - Department of Economics, McMaster University - 2005

Persistent link: https://www.econbiz.de/10005763322

Unexploited Connections Between Intra- and Inter-temporal Allocation

Crossley, T.F.; Low, H.W. - Faculty of Economics, University of Cambridge - 2005

Persistent link: https://www.econbiz.de/10005113888

Estimating Nonseparable Preference Specifications for Asset Market Participants

Jacobs, Kris - Centre Interuniversitaire de Recherche en Analyse des … - 2001

This paper uses panel data and Euler equations to estimate preference specifications that are nonseparable in consumption and leisure. The econometric analysis uses panel data, and therefore it differs from existing econometric studies that use a representative agent framework. Moreover, the...

Persistent link: https://www.econbiz.de/10005100564