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Publication bias in measuring intertemporal substitution
Havránek, Tomáš - 2013
I examine 2,735 estimates of the elasticity of intertemporal substitution in consumption (EIS) reported in 169 …
Persistent link: https://www.econbiz.de/10010197459
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Publication bias in measuring intertemporal substitution
Havránek, Tomáš - 2013
I examine 2,735 estimates of the elasticity of intertemporal substitution in consumption (EIS) reported in 169 …
Persistent link: https://www.econbiz.de/10010420227
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Cross-Country Heterogeneity in Intertemporal Substitution
Havranek, Tomas; Horvath, Roman; Irsova, Zuzana; … - William Davidson Institute, University of Michigan - 2013
We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies … market participation substitute a smaller fraction of consumption intertemporally in response to changes in expected asset …
Persistent link: https://www.econbiz.de/10011161379
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Cross-Country Heterogeneity in Intertemporal Substitution
Havranek, Tomas; Horvath, Roman; Irsova, Zuzana; … - Česká Národní Banka - 2014
We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies … participation substitute a larger fraction of consumption intertemporally in response to changes in expected asset returns. Micro …
Persistent link: https://www.econbiz.de/10010894333
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Habit formation in consumption : a meta-analysis
Havránek, Tomáš; Rusnak, Marek; Sokolova, Anna - 2015
We examine 567 estimates of habit formation from 69 studies published in peer-reviewed journals. In contrast to previous results for most fields of empirical economics, we find no publication bias in the literature. The median estimated strength of habit formation equals 0.4, but the estimates...
Persistent link: https://www.econbiz.de/10011284220
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Habit formation in consumption: A meta-analysis
Havranek, Tomas; Rusnak, Marek; Sokolova, Anna - 2015
We examine 567 estimates of habit formation from 69 studies published in peer-reviewed journals. In contrast to previous results for most fields of empirical economics, we find no publication bias in the literature. The median estimated strength of habit formation equals 0.4, but the estimates...
Persistent link: https://www.econbiz.de/10011340627
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Cross-Country Heterogeneity in Intertemporal Substitution
Havranek, Tomas; Horvath, Roman; Irsova, Zuzana; … - Institut ekonomických studií, Univerzita Karlova v Praze - 2013
We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies … participation substitute a larger fraction of consumption intertemporally in response to changes in expected asset returns. Micro …
Persistent link: https://www.econbiz.de/10010691099
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Cross-country heterogeneity in intertemporal substitution
Havránek, Tomáš; Horváth, Roman; Iršová, Zuzana; … - 2013
We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies … participation substitute a larger fraction of consumption intertemporally in response to changes in expected asset returns. Micro …
Persistent link: https://www.econbiz.de/10010322256
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Cross-country heterogeneity in intertemporal substitution
Havránek, Tomáš; Horváth, Roman; Havránková, Zuzana; … - 2013
We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies … participation substitute a larger fraction of consumption intertemporally in response to changes in expected asset returns. Micro …
Persistent link: https://www.econbiz.de/10009786885
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Do Consumers Really Follow a Rule of Thumb? Three Thousand Estimates from 130 Studies Say "Probably Not"
Havranek, Tomas; Sokolova, Anna - 2016
We show that three factors combine to explain the mean excess sensitivity reported in studies estimating consumption … evidence for the excess sensitivity of consumption to income. Hence little remains for pure rule-of-thumb behavior. The results … approximation of the Euler equation, the treatment of non-separability between consumption and leisure, and the choice of proxy for …
Persistent link: https://www.econbiz.de/10011787278