| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3592 |
| DP3592 Marrying Your Mom: Preference Transmission and Women's Labour and Education Choices | |
| Raquel Fernández; Claudia Olivetti; Alessandra Fogli | |
| 发表日期 | 2002-10-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | We analyse households? responses to an unanticipated change in consumption opportunities and evaluate their implications for the nature and formation of preferences. We study the tariff experiment conducted by South Central Bell where local telephone measured tariffs were introduced for the first time in Louisville, KY. Households were given the choice to remain in a flat rate scheme or switch to the new measured tariff scheme. The results of the analysis support models where consumers react to a change in the environment in the direction predicted by theories of rational investment in information. Households learn rapidly to undertake optimal decisions, and react to potential savings of seemingly small magnitude, typically about $5.00 per month. We find no support for models where consumers? responses are determined by inertia or impulsiveness, including systematic tendencies to undervalue future wants common to models of hyperbolic discounting. From a methodological viewpoint, the analysis shows how the appropriate treatment of predetermined endogenous variables and state dependence turns out to be crucial for interpreting the data. |
| 主题 | Industrial Organization |
| 关键词 | Learning Rationality Dynamic discrete choice panel data analysis Dynamic consistency |
| URL | https://cepr.org/publications/dp3592 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532599 |
| 推荐引用方式 GB/T 7714 | Raquel Fernández,Claudia Olivetti,Alessandra Fogli. DP3592 Marrying Your Mom: Preference Transmission and Women's Labour and Education Choices. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
