Similar Search Results

Attanasio, Orazio P. - 2001

In this paper we use the two waves of the British Retirement Survey (1988/89 and 1994) to quantify the relationship between socio-economic status and health outcomes. We find that, even after conditioning on the initial health status, wealth rankings are important determinants of mortality and...

Persistent link: https://www.econbiz.de/10012470483

Intertemporal Choice and the Cross-Sectional Variance of Marginal Utility

Attanasio, Orazio P. - 1998

The theory of intertemporal choice predicts that the cross-sectional variance of the marginal utility of consumption is equal to its own lag plus a constant and a random component. Using general preference specifications and some assumptions about the nature of the random component, we provide...

Persistent link: https://www.econbiz.de/10012472248

Humps and Bumps in Lifetime Consumption

Attanasio, Orazio P. - 1995

In this paper we argue that once one departs from the simple classroom example, or `stripped down life-cycle model,' the empirical model for consumption growth can be made flexible enough to fit the main features of the data. More specifically, we show that allowing demographics to affect...

Persistent link: https://www.econbiz.de/10012473519

Consumer Durables and Inertial Behavior : Estimation and Aggregation of (S,s) Rules

Attanasio, Orazio P. - 1995

This paper presents an (S,s) model for automobile consumption and estimates it using a data set of US households. The model allows for unobserved heterogeneity in both the target level and the band width, takes into account the possibility of a zero desired level, constrains the band to be non...

Persistent link: https://www.econbiz.de/10012473593

Differential Mortality and Wealth Accumulation

Attanasio, Orazio P. - 1995

The issue of asset accumulation and decumulation is central to the life cycle theory of consumer behavior and to many policy questions. One of the main implications of the life cycle model is that assets are decumulated in the last part of life. Most empirical studies in this area use...

Persistent link: https://www.econbiz.de/10012473760

The Intertemporal Allocation of Consumption : Theory and Evidence

Attanasio, Orazio P. - 1994

Liquidity constraints and, more generally, imperfections in credit markets, can be extremely important for the intertemporal allocation of consumption and have received a substantial amount of attention in the theoretical and empirical literature on consumption. In the first part of the paper I...

Persistent link: https://www.econbiz.de/10012474109

Is Consumption Growth Consistent with Intertemporal Optimization? Evidence from the Consumer Expenditure Survey

Attanasio, Orazio P. - 1994

behavioral parameters (including the elasticity of intertemporal substitution) and no rejections of theoretical restrictions. Our …

Persistent link: https://www.econbiz.de/10012474125

Consumption over the Life Cycle and over the Business Cycle

Attanasio, Orazio P. - 1993

frequencies. (ii) estimation of a flexible specification of preferences indicates that the elasticity of intertemporal … the discount factor and the elasticity of intertemporal substitution eis to be affected by various observable variables … literature. (v) in our specification the elasticity of intertemporal substitution is not very well determined. This result …

Persistent link: https://www.econbiz.de/10012474493