抄録
The rate of time preference (RTP) and the intertemporal elasticity of substitution (IES) are two important factors shaping intertemporal consumption decisions. Models in which the RTP and/or the IES differ systematically between rich and poor households have different empirical and policy implications for economic development, growth, and the distribution of income and consumption from those of standard models in which these parameters are constant across households. In this chapter, we estimate a model in which both RTP and IES are allowed to differ across rich and poor households using household level panel data from India. Our empirical results are consistent with the view that the RTP is constant across poor and rich households, but the IES is larger for the rich than it is for the poor.
| 本文言語 | English |
|---|---|
| ホスト出版物のタイトル | Behavioral Interactions, Markets, and Economic Dynamics |
| ホスト出版物のサブタイトル | Topics in Behavioral Economics |
| 出版社 | Springer Japan |
| ページ | 229-247 |
| ページ数 | 19 |
| ISBN（電子版） | 9784431555018 |
| ISBN（印刷版） | 9784431555001 |
| DOI | |
| 出版ステータス | Published - 2015 9月 12 |
ASJC Scopus subject areas
- 経済学、計量経済学および金融学（全般）
- ビジネス、管理および会計（全般）
- 心理学（全般）
UN SDG
この成果は、次の持続可能な開発目標に貢献しています
