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Optimal endowment destruction under Campbell-Cochrane habit formation
Ljungqvist, Lars; Uhlig, Harald - 2009
Persistent link: https://www.econbiz.de/10003822133
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The strong law of demand
Brown, Donald J.; Calsamiglia, Caterina - 2003
Persistent link: https://www.econbiz.de/10001739908
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Testing the permanent income and random walk hypotheses for Turkey
Bilgili, Faik; Bağlıtaş, Hayriye Hilal - In: International journal of economics and financial issues … 6 (2016) 4, pp. 1371-1378
Persistent link: https://www.econbiz.de/10011774861
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What good is wealth without health? : The effect of health on the marginal utility of consumption
Finkelstein, Amy; Luttmer, Erzo F. P.; Notowidigdo, … - 2008
"We estimate how the marginal utility of consumption varies with health. To do so, we develop a simple model in which … the impact of health on the marginal utility of consumption can be estimated from data on permanent income, health, and … utility proxies. We estimate the model using the Health and Retirement Study's panel data on the elderly and near-elderly, and …
Persistent link: https://www.econbiz.de/10003726836
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Incomplete cost pass-through under deep habits
Ravn, Morten O. (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003651821
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Portfolio choice with internal habit formation : a life-cycle model with uninsurable labor income risk
Gomes, Francisco J. (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001996446
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Habit formation and labor supply
Cremer, Helmuth; De Donder, Philippe; Maldonado, Dario; … - 2008
Persistent link: https://www.econbiz.de/10003812624
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Precautionary saving and the marginal propensity to consume out of permanent income
Carroll, Chris - 2009
The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income. Intuition suggests that, knowing this, optimizing agents will fully adjust their spending immediately upon experiencing a permanent shock. However, this paper shows that if consumers...
Persistent link: https://www.econbiz.de/10003887404
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Consumption smoothing and liquidity income redistribution
Bertola, Giuseppe Francesco Ignazio (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003448272
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Efficient intertemporal allocation of risk and return
Wilson, Robert; Kazumori, Eiichiro - 2009
Persistent link: https://www.econbiz.de/10003991726