response. By combining this marginal spending share on durables with an average spending share of 14%, we estimate the annual … depreciation rate of durables in China to be 0.16. …

marriage as well as for a precautionary attitude towards risk. - Consumption Insurance ; Marriage … wherein a state's representative individual may choose to marry in order to diversity his or her idiosyncratic income risk … undiversifiable risk becomes larger, and when a state's initial income and growth rate is lower. A test of the model's predictious …

wherin a state s representative individual may choose to marry in order to diversify his or her idiosyncratic income risk … undiversifiable risk becomes larger, and when a state s initial income and growth rate is lower. A test of the model s predictions …, using cross-sectional data for the 50 U.S. states, suggests that there is broad support for a risk sharing motive for …

wherein a state's representative individual may choose to marry in order to diversify his or her idiosyncratic income risk … undiversifiable risk becomes larger, and when a state's initial income and growth rate is lower. A test of the model's predictions …, using cross-sectional data for the 50 U.S. states, suggests that there is broad support for a risk-sharing motive for …

I examine 2,735 estimates of the elasticity of intertemporal substitution in consumption (EIS) reported in 169 …