How Prudent are Consumers?

Using data from the Consumer Expenditure Survey, this paper presents a simple test that provides an explicit estimate of the parameter in the utility function that reflects the strength of the precautionary saving motive, the coefficient of relative prudence. The test yields a fairly precise estimat...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	The Journal of political economy 1993-12, Vol.101 (6), p.1104-1113
1. Verfasser:	Dynan, Karen E.
Format:	Artikel
Sprache:	eng
Schlagworte:	Coefficients Consistent estimators Consumer behavior Consumer economics Consumer expenditure Consumer motivation Consumer spending Consumers Economic models Economic theory Expenditures Household consumption Political Economy Polls & surveys Precautionary motives Precautionary savings Propensity to save Risk aversion Savings Studies Tests Utility functions
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!