Search Results - subject:"Intertemporal Substitution"

Addictive behavior and endogenous growth

Shieh, Jhy-yuan; Lai, Ching-chong; Chang, Wen-ya - In: Journal of Economics 72 (2000) 3, pp. 263-273

Persistent link: https://www.econbiz.de/10005715752

Optimal Consumption Choice under Uncertainty with Intertemporal Substitution

Bank, Peter; Riedel, Frank - EconWPA - 1999

This abstract will be reformatted upon submission. You don't need to format for line-breaks here!!!!! We extend the analysis of the intertemporal utility maximization problem for Hindy-Huang-Kreps utilities reported in Bank/Riedel(1999) to the stochastic case. Existence and uniqueness of optimal...

Persistent link: https://www.econbiz.de/10005125642

Intertemporal Substitution in Labor Supply: Evidence from Micro Data

Altonji, Joseph - Industrial Relations Section, Department of Economics - 1984

Persistent link: https://www.econbiz.de/10010720915

External debt, time preference, and nontraded goods in a two-sector dynamic model of consumption

Firoozi, Fathali - In: Open Economies Review 6 (1995) 2, pp. 167-178

A number of studies have indicated that one of the consequences of a development process is a rise in the consumers' subjective time preference rate (discount rate). This study first shows that many of the adverse economic observations in developing countries can emerge from a rise in the...

Persistent link: https://www.econbiz.de/10005715170

Saving Rates and Portfolio Choice with Subsistence Consumption

Achury, Carolina; Hubar, Sylwia; Koulovatianos, Christos - Centre for Finance, Credit and Macroeconomics (CFCM), …

We analytically show that a common across rich/poor individuals Stone-Geary utility function with subsistence consumption in the context of a simple two-asset portfolio-choice model is capable of qualitatively explaining: (i) the higher saving rates of the rich, (ii) the higher fraction of...

Persistent link: https://www.econbiz.de/10008871002

The Intertemporal-Substitution Hypothesis is Alive and Well (But Hiding in the Data)

Kimmel, Jean - W.E. Upjohn Institute for Employment Research - 1993

According to the intertemporal-substitution hypothesis, which underlies the typical empirical real business cycle model … shifts. We demonstrate that previous empirical labor-supply research has used inappropriate data to test the intertemporal-substitution … employee of +1.55 and +0.51, which support the intertemporal-substitution hypothesis and give econometric credibility to the …

Persistent link: https://www.econbiz.de/10005116787

Consumption, Product Growth and the Interest Rate

Attanasio, Orazio; Weber, Guglielmo - C.E.P.R. Discussion Papers - 1990

. The main result is that estimates of the elasticity of intertemporal substitution for consumption are consistently lower … intertemporal substitution obtained from aggregate consumption growth depend on expected productivity and income growth. This … aggregate problems that can result in a biased estimate of the elasticity of intertemporal substitution. …

Persistent link: https://www.econbiz.de/10005067527

Intertemporal Labor Supply: An Assessment

Card, David - Industrial Relations Section, Department of Economics - 1990

Persistent link: https://www.econbiz.de/10005548244

Labor Supply with a Minimum Hours Threshold

Card, David - Industrial Relations Section, Department of Economics - 1990

Persistent link: https://www.econbiz.de/10005548272

Risk Aversion, Intertemporal Substitution and Consumption: the CARA-LQ Problem

van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 1990

aversion, to distinguish between risk aversion and intertemporal substitution. Stochastic dynamic programming yields closed …

Persistent link: https://www.econbiz.de/10005792042