Rational Habit Modification in Consumption

This paper proposes an asymmetric model within which consumer credit facilitates both consumption smoothing and rational habit modification. The model is applied to US data using a GMM approach. The evidence suggests that new credit can predict short-run changes in consumption and has assisted consumers to become more forward-looking

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Year of publication:	2009
Authors:	Messinis, George
Other Persons:	Henry, Olan T. (contributor) ; Olekalns, Nilss (contributor)
Publisher:	[2009]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Rationalität \| Rationality \| Konsumentenverhalten \| Consumer behaviour \| Dauerhafte Konsumgüter \| Durable goods
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Modelling, Vol. 19, No. 4, 2002 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2002 erstellt Volltext nicht verfügbar
Classification:	E2 - Consumption, Saving, Production, Employment, and Investment
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013155671