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In this paper we use the enhanced consumption data in the Panel Survey of Income Dynamics (PSID) from 2005-2017 to … the presence of unobserved heterogeneity. To reliably estimate heterogeneous responses in our un-balanced panel, we …
Persistent link: https://www.econbiz.de/10014248416
We estimate the importance of preference interdependence from consumption choices. Our strategy follows the literature that tests the constraints imposed by optimality in the evolution of individual consumption. We derive a Euler equation from a preference specification that allows for...
Persistent link: https://www.econbiz.de/10013109911
estimate a linear panel AR(1) version of an Engel curve for six consumption composites using iterated GMM. We find that the …
Persistent link: https://www.econbiz.de/10012104758
consumption. Utilizing a novel panel dataset spanning 28 years and covering 79 countries, we uncover an inverted U …
Persistent link: https://www.econbiz.de/10015416235
, according to the consumption-led-growth theory, economic growth will be hindered. The panel data sample covers for the period …
Persistent link: https://www.econbiz.de/10013149598
to distinguish true externalities from merely correlated effects. Estimating our model using US panel data, we find …
Persistent link: https://www.econbiz.de/10013157427
We develop a new quantile-based panel data framework to study the nature of income persistence and the transmission of … and asset data in recent waves of the Panel Study of Income Dynamics, we find nonlinear persistence and conditional …
Persistent link: https://www.econbiz.de/10011326266
We develop a new quantile-based panel data framework to study the nature of income persistence and the transmission of … and asset data in recent waves of the Panel Study of Income Dynamics, we find nonlinear persistence and conditional …
Persistent link: https://www.econbiz.de/10011336956
We develop a new quantile-based panel data framework to study the nature of income persistence and the transmission of … and asset data in recent waves of the Panel Study of Income Dynamics, we find nonlinear persistence and conditional …
Persistent link: https://www.econbiz.de/10011345793
consumption.Next, we estimate this dynamic consumption equation for a panel of 15 OECD countries over the period 1972-2007 taking …
Persistent link: https://www.econbiz.de/10011380726