Search Results - subject:"Intertemporal Substitution"

Is the elasticity of intertemporal substitution constant?

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

IS THE ELASTICITY OF INTERTEMPORAL SUBSTITUTION CONSTANT? Thomas F. Crossley Hamish W. Low … THE INSTITUTE FOR FISCAL STUDIES WP25/05 Is the Elasticity of Intertemporal Substitution Constant? Thomas F. Crossley … intertemporal substitution (EIS) imposes surprising limitations on within period budget allo- cations. Consequently, the constant …

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

Propensity to consume in household sector in Slovakia

Vladová, Anna - In: Politická ekonomie 2005 (2005) 6, pp. 781-792

-up process in consumption after previous restriction a year before. The voluntary intertemporal substitution in consumption was …

Persistent link: https://www.econbiz.de/10005036568

Unexploited Connections Between Intra- and Inter-temporal Allocation

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

This paper shows that a power utility specification of preferences over total expenditure (ie. CRRA preferences) implies that intratemporal demands are in the PIGL/PIGLOG class. This class generates (at most) rank two demand systems and we can test the validity of power utility on cross-section...

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

Intertemporal Substitution and Hyperbolic Discounting

Geraats, P.M. - Faculty of Economics, University of Cambridge - 2005

. This paper shows that in contrast to exponential discounting, the elasticity of intertemporal substitution for hyperbolic … real interest rate are likely to generate a smaller degree of intertemporal substitution in consumption than temporary … hyperbolic discounting and a new perspective on intertemporal substitution. …

Persistent link: https://www.econbiz.de/10005783793

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

Risk and intertemporal substitution: Livestock portfolios and off-take among Kenyan pastoralists

Lybbert, Travis J.; McPeak, John - In: Journal of Development Economics 97 (2012) 2, pp. 415-426

intertemporal substitution as distinct preferences using data from Kenyan herders. Results suggest that the assumption implicit in … additive expected utility models that relative risk aversion (RRA) is the inverse of the elasticity of intertemporal … substitution (EIS) is flawed. Specifically, our RRA and EIS estimates are consistent with a preference for the early resolution of …

Persistent link: https://www.econbiz.de/10010574934

Barro-Becker with Credit Frictions

Cordoba, Juan Carlos; Ripoll, Marla - Department of Economics, Iowa State University - 2012

The Barro-Becker model of fertility has three controversial predictions: (i) fertility and schooling are independent of family income; (ii) children are a net financial burden to society; and (iii) individual consumption is negatively associated to individual income. We show that introducing...

Persistent link: https://www.econbiz.de/10010579067

Barro-Becker with Credit Frictions

Cordoba, Juan Carlos; Ripoll, Marla - Department of Economics, Iowa State University - 2012

Persistent link: https://www.econbiz.de/10010579068

Intertemporal Substitution in the Time Allocation of Married Women

Yamada, Ken - School of Economics, Singapore Management University - 2012

due to heterogeneity, measurement error, weak instruments, and missing data, the estimates of intertemporal substitution …

Persistent link: https://www.econbiz.de/10010549026