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Intertemporal Substitution in Labor Supply: Evidence from Micro Data
Altonji, Joseph - Industrial Relations Section, Department of Economics - 1984
Persistent link: https://www.econbiz.de/10010720915
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Housing returns and intertemporal substitution in consumption: estimates for industrial economies
Pozzi, Lorenzo - 2022
This paper uses housing returns to estimate the elasticity of intertemporal substitution (EIS) in consumption for ….e., equity and bill returns. An estimable regression equation for aggregate consumption growth and returns is obtained from the … aggregation of the consumption Euler equations of heterogeneous agents. As the regression equation includes unobserved omitted …
Persistent link: https://www.econbiz.de/10013356500
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The spending and consumption response to a VAT rate increase
Cashin, David; Unayama, Takashi - In: National tax journal 74 (2021) 2, pp. 313-346
Persistent link: https://www.econbiz.de/10012548878
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Housing returns and intertemporal substitution in consumption : estimates for industrial economies
Pozzi, Lorenzo - 2022
This paper uses housing returns to estimate the elasticity of intertemporal substitution (EIS) in consumption for ….e., equity and bill returns. An estimable regression equation for aggregate consumption growth and returns is obtained from the … aggregation of the consumption Euler equations of heterogeneous agents. As the regression equation includes unobserved omitted …
Persistent link: https://www.econbiz.de/10013279905
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Government Spending and Consumer Attitudes Toward Risk, Time Preference, and Intertemporal Substitution: An Econometric Analysis
Hatzinikolaou, Dimitris; Ahking, Francis - Volkswirtschaftliche Fakultät, … - 1995
We construct a model that considers the direct effects, if any, of government spending on the attitudes of a typical consumer toward risk, time preference, and intertemporal substitution. The null hypothesis is that a growing government sector does not affect the consumer's behavior, and the...
Persistent link: https://www.econbiz.de/10011107306
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Intertemporal Substitution and Hyperbolic Discounting
Geraats, P.M. - Faculty of Economics, University of Cambridge - 2005
real interest rate are likely to generate a smaller degree of intertemporal substitution in consumption than temporary …
Persistent link: https://www.econbiz.de/10005783793
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Precautionary Saving and Consumption Smoothing Across Time and Possibilities
Kimball, Miles S; Weil, Philippe - C.E.P.R. Discussion Papers - 2003
This Paper examines how aversion to risk and aversion to intertemporal substitution determines the strength of the precautionary saving motive in a two-period model with Kreps-Porteus preferences. For small risks, we derive a measure of the strength of the precautionary saving motive, which...
Persistent link: https://www.econbiz.de/10005792387
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Consumption and leisure : the welfare impact of migration on family left behind
Murard, Elie - 2016
terms of both consumption and leisure time. Drawing on household panel data in rural Mexico, I find that migration increases … non-migrants' consumption, but that this consumption gain cannot be explained by labor supply adjustments. Migration …
Persistent link: https://www.econbiz.de/10011572022
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Chapter 69 Labor Supply Models: Unobserved Heterogeneity, Nonparticipation and Dynamics
Blundell, Richard; MaCurdy, Thomas; Meghir, Costas - In: Handbook of econometrics : volume 6A, (pp. 4667-4775). 2007
This chapter is concerned with the identification and estimation of models of labor supply. The focus is on the key issues that arise from unobserved heterogeneity, nonparticipation and dynamics. We examine the simple “static” labor supply model with proportional taxes and highlight the...
Persistent link: https://www.econbiz.de/10014024946
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Tax reform in Japan: The case of personal taxes
Horioka, Charles Yuji; Sekita, Shizuka - 2006
In this paper, we conduct a theoretical analysis of personal taxes (defined to include consumption and income taxes … policy recommendations about how to reform personal taxes in Japan. We find that the structure of Japan's current consumption …
Persistent link: https://www.econbiz.de/10010332244