| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6560 |
| 来源ID | Working Paper 6560 |
| Intertemporal Choice and the Cross-Sectional Variance of Marginal Utility | |
| Orazio P. Attanasio; Tullio Jappelli | |
| 发表日期 | 1998-05-01 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | The theory of intertemporal choice predicts that the cross-sectional variance of the marginal utility of consumption is equal to its own lag plus a constant and a random component. Using general preference specifications and some assumptions about the nature of the random component, we provide an explicit test of this hypothesis. Our approach circumvents the necessity to identify a pure age profile of the cross-sectional variance of consumption and yields a well-specified statistical test. This test is applied to data from the United States, the United Kingdom and Italy. The results are remarkably consistent with the restrictions implied by the theory of intertemporal consumption choices. |
| 主题 | Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w6560 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564074 |
| 推荐引用方式 GB/T 7714 | Orazio P. Attanasio,Tullio Jappelli. Intertemporal Choice and the Cross-Sectional Variance of Marginal Utility. 1998. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6560.pdf（1055KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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