Kapteyn, Arie; Kleinjans, Kristin J.; van Soest, Arthur - In: Journal of Economic Behavior & Organization 72 (2009) 1, pp. 425-437
Euler equation estimation of intertemporal consumption models requires many, often unverifiable assumptions. These include assumptions on expectations and preferences. We aim at reducing some of these requirements by using direct subjective information on respondents' preferences and...