Results 81 to 90 of about 45,680 (136)
TOWARDS A MORE GENERAL APPROACH TO TESTING THE TIME ADDITIVITY HYPOTHESIS [PDF]
A new procedure is proposed for re-examining the assumption of additivity of preferences over time which, although untenable, is usually maintained in intertemporal analyses of consumption and labour supply. The method is an extension of a famous work by
Gary Wong
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Labor supply models: unobserved heterogeneity, nonparticipation and dynamics [PDF]
, 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.
Blundell, R., MaCurdy, T., Meghir, C.
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Optimal Consumption Choice under Uncertainty with Intertemporal Substitution [PDF]
This abstract will be reformatted upon submission. You don't need to format for line-breaks here!!!!! We extend the analysis of the intertemporal utility maximization problem for Hindy-Huang-Kreps utilities reported in Bank/Riedel(1999) to the stochastic
Frank Riedel, Peter Bank
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Stability of Time Preferences [PDF]
Individuals frequently face intertemporal decisions. For the purposes of economic analysis, the preference parameters assumed to govern these decisions are generally considered to be stable economic primitives.
Meier, Stephan, Sprenger, Charles
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Nonseparable Preferences and Optimal Social Security systems [PDF]
In this paper, we consider economies in which agents are privately informed about their skills, which are evolving stochastically over time. We require agents’ preferences to be weakly separable between the lifetime paths of consumption and labor ...
Borys Grochulski, Narayana Kocherlakota
core +3 more sources
Consumption and habits : evidence from panel data [PDF]
, 2002 The purpose of this paper is to test for the presence of habit formation in consumption decisions using household panel data. We use the test proposed by Meghir and Weber (1996) and estimate the within -period marginal rate of substitution between ...
Carrasco, Raquel +2 more
core +1 more source
Logic of aid in an intertemporal setting [PDF]
This paper studies the welfare implications of temporary foreign aid in the context of a simple two-country model of trade. In addition to its usual effects, a transfer of income in one period is assumed to influence the preferences of the recipient ...
Pascalis Raimondos-Moller +2 more
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Household's Preferences and Monetary Policy Inertia [PDF]
, 2009 The estimation of monetary policy rules suggests that the interest rates set by central banks move with a certain inertia. Although a number of hypotheses have been suggested to explain this phenomenon, its ultimate origin is unclear, thus delineating ...
Flamini, A., Fracasso, A.
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Heterogeneity, Adverse Selection and Valuation with Endogenous Labor Supply [PDF]
This paper considers models of intratemporal consumption-labor choice and intertemporal consumption choice under heterogeneity and private information in preferences towards labor.
Marcelo Bianconi
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Pre-supplementary motor area strengthens reward sensitivity in intertemporal choice
NeuroImagePrevious investigations on the causal neural mechanisms underlying intertemporal decision making focused on the dorsolateral prefrontal cortex as neural substrate of cognitive control.
Gizem Vural +2 more
doaj +1 more source