Intertemporal Nonseparability or Borrowing Restrictions? A Disaggregate Analysis using a U.S. Consumption Panel

DOI10.2307/2171960zbMath0859.90050OpenAlexW2004648299MaRDI QIDQ4895060

Guglielmo Weber, Costas Meghir

Publication date: 25 November 1996

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2171960

zbMATH Keywords

panel dataconsumptionliquidity constraintshabitsintertemporal Euler equation

Mathematics Subject Classification ID

Economic time series analysis (91B84) Consumer behavior, demand theory (91B42)

Related Items (7)

Does relative risk aversion vary with wealth? Evidence from households portfolio choice data ⋮ Interpreting the results of empirical analyses of intertemporal allocation: An identification problem ⋮ Testing for intertemporal nonseparability ⋮ Point estimation with exponentially tilted empirical likelihood ⋮ The large sample behaviour of the generalized method of moments estimator in misspecified models ⋮ EXCESS SENSITIVITY, LIQUIDITY CONSTRAINTS, AND THE COLLATERAL ROLE OF HOUSING ⋮ Consumption and habit formation when time horizon is finite

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