The empirical literature on intertemporal labor supply behavior documents that the intertemporal elasticity of substitution of labor supply is very low, with a plausible range of zero to 0.2. Drawing ...
This is a preview. Log in through your library . Abstract As Hall (1988) notes, the magnitude of the intertemporal elasticity of substitution in consumption, σ, is "one of the central questions of ...
Citations: Vissing-Jorgensen, Annette. 2002. Limited Stock Market Participation and the Elasticity of Intertemporal Substitution. Journal of Political Economy. (4)825-853.
2019 AUG 19 (NewsRx) -- By a News Reporter-Staff News Editor at Politics, Law & Government Daily-- Fresh data on Economics - Public Economics are presented in a new report. According to news reporting ...
Empirical evidence for small developed economies finds that consumption is procyclical and as volatile as output, and real net exports are coutercyclical. Earlier studies have not been able to ...
We empirically revisit the crowding-in effect of government spending on private consumption based on rolling windows of U.S. data. Results show that in earlier samples government spending is ...
This talk focuses on solving the consumption-investment problem for an agent with stochastic differential utility of Epstein-Zin type. In contrast to prior literature, our time horizon is random, ...
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