๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

The intertemporal allocation of consumption: theory and evidence: A comment

โœ Scribed by Angus Deaton


Book ID
116105393
Publisher
Elsevier Science
Year
1995
Weight
234 KB
Volume
42
Category
Article
ISSN
0167-2231

No coin nor oath required. For personal study only.


๐Ÿ“œ SIMILAR VOLUMES


A reconsideration of the (in)sensitivity
โœ Edward L. Glaeser; Anna L. Paulson ๐Ÿ“‚ Article ๐Ÿ“… 1997 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 545 KB

This paper uses micro data to show that the utility loss from near-rational behavior can be very significant. We calculate the utility loss from using a sub-optimal consumption allocation rule in a permanent income setting where utility is quadratic. In contrast to estimates derived from aggregate d