Intertemporal Consumption with Directly Measured Welfare Functions and Subjective Expectations
نویسندگان
چکیده
منابع مشابه
Intertemporal consumption with directly measured welfare functions and subjective expectations.
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 expectations. The results suggest that individually measured welfare functions and expectations have predictive ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1280758