Intertemporal choice and the cross-sectional variance of marginal utility:
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 ex...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
1998
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
6560 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | 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. |
| Physical Description: | 28 S. graph. Darst. |
Staff View
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV012077900 | ||
| 003 | DE-604 | ||
| 005 | 20090323 | ||
| 007 | t | ||
| 008 | 980728s1998 xxud||| |||| 00||| engod | ||
| 035 | |a (OCoLC)39477396 | ||
| 035 | |a (DE-599)BVBBV012077900 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-19 |a DE-521 | ||
| 050 | 0 | |a HB1 | |
| 100 | 1 | |a Attanasio, Orazio P. |d 1959- |e Verfasser |0 (DE-588)129180084 |4 aut | |
| 245 | 1 | 0 | |a Intertemporal choice and the cross-sectional variance of marginal utility |c Orazio P. Attanasio ; Tullio Jappelli |
| 264 | 1 | |a Cambridge, Mass. |c 1998 | |
| 300 | |a 28 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 6560 | |
| 520 | |a 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. | ||
| 650 | 7 | |a Consommation - Modèles mathématiques |2 ram | |
| 650 | 7 | |a Utilité marginale - Modèles mathématiques |2 ram | |
| 650 | 4 | |a Mathematisches Modell | |
| 650 | 4 | |a Consumption (Economics) |x Mathematical models | |
| 650 | 4 | |a Marginal utility |x Mathematical models | |
| 700 | 1 | |a Jappelli, Tullio |d 1956- |e Verfasser |0 (DE-588)128368659 |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 830 | 0 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 6560 |w (DE-604)BV002801238 |9 6560 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w6560.pdf |z kostenfrei |3 Volltext |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-008176974 | ||
Record in the Search Index
| _version_ | 1804126679565598720 |
|---|---|
| any_adam_object | |
| author | Attanasio, Orazio P. 1959- Jappelli, Tullio 1956- |
| author_GND | (DE-588)129180084 (DE-588)128368659 |
| author_facet | Attanasio, Orazio P. 1959- Jappelli, Tullio 1956- |
| author_role | aut aut |
| author_sort | Attanasio, Orazio P. 1959- |
| author_variant | o p a op opa t j tj |
| building | Verbundindex |
| bvnumber | BV012077900 |
| callnumber-first | H - Social Science |
| callnumber-label | HB1 |
| callnumber-raw | HB1 |
| callnumber-search | HB1 |
| callnumber-sort | HB 11 |
| callnumber-subject | HB - Economic Theory and Demography |
| ctrlnum | (OCoLC)39477396 (DE-599)BVBBV012077900 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02231nam a2200397 cb4500</leader><controlfield tag="001">BV012077900</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20090323 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">980728s1998 xxud||| |||| 00||| engod</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)39477396</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV012077900</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-19</subfield><subfield code="a">DE-521</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HB1</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Attanasio, Orazio P.</subfield><subfield code="d">1959-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)129180084</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Intertemporal choice and the cross-sectional variance of marginal utility</subfield><subfield code="c">Orazio P. Attanasio ; Tullio Jappelli</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge, Mass.</subfield><subfield code="c">1998</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">28 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series</subfield><subfield code="v">6560</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">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.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Consommation - Modèles mathématiques</subfield><subfield code="2">ram</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Utilité marginale - Modèles mathématiques</subfield><subfield code="2">ram</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Mathematisches Modell</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Consumption (Economics)</subfield><subfield code="x">Mathematical models</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Marginal utility</subfield><subfield code="x">Mathematical models</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Jappelli, Tullio</subfield><subfield code="d">1956-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)128368659</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Online-Ausgabe</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series</subfield><subfield code="v">6560</subfield><subfield code="w">(DE-604)BV002801238</subfield><subfield code="9">6560</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://papers.nber.org/papers/w6560.pdf</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-008176974</subfield></datafield></record></collection> |
| id | DE-604.BV012077900 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:21:17Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-008176974 |
| oclc_num | 39477396 |
| open_access_boolean | 1 |
| owner | DE-19 DE-BY-UBM DE-521 |
| owner_facet | DE-19 DE-BY-UBM DE-521 |
| physical | 28 S. graph. Darst. |
| publishDate | 1998 |
| publishDateSearch | 1998 |
| publishDateSort | 1998 |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Attanasio, Orazio P. 1959- Verfasser (DE-588)129180084 aut Intertemporal choice and the cross-sectional variance of marginal utility Orazio P. Attanasio ; Tullio Jappelli Cambridge, Mass. 1998 28 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6560 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. Consommation - Modèles mathématiques ram Utilité marginale - Modèles mathématiques ram Mathematisches Modell Consumption (Economics) Mathematical models Marginal utility Mathematical models Jappelli, Tullio 1956- Verfasser (DE-588)128368659 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6560 (DE-604)BV002801238 6560 http://papers.nber.org/papers/w6560.pdf kostenfrei Volltext |
| spellingShingle | Attanasio, Orazio P. 1959- Jappelli, Tullio 1956- Intertemporal choice and the cross-sectional variance of marginal utility National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Consommation - Modèles mathématiques ram Utilité marginale - Modèles mathématiques ram Mathematisches Modell Consumption (Economics) Mathematical models Marginal utility Mathematical models |
| title | Intertemporal choice and the cross-sectional variance of marginal utility |
| title_auth | Intertemporal choice and the cross-sectional variance of marginal utility |
| title_exact_search | Intertemporal choice and the cross-sectional variance of marginal utility |
| title_full | Intertemporal choice and the cross-sectional variance of marginal utility Orazio P. Attanasio ; Tullio Jappelli |
| title_fullStr | Intertemporal choice and the cross-sectional variance of marginal utility Orazio P. Attanasio ; Tullio Jappelli |
| title_full_unstemmed | Intertemporal choice and the cross-sectional variance of marginal utility Orazio P. Attanasio ; Tullio Jappelli |
| title_short | Intertemporal choice and the cross-sectional variance of marginal utility |
| title_sort | intertemporal choice and the cross sectional variance of marginal utility |
| topic | Consommation - Modèles mathématiques ram Utilité marginale - Modèles mathématiques ram Mathematisches Modell Consumption (Economics) Mathematical models Marginal utility Mathematical models |
| topic_facet | Consommation - Modèles mathématiques Utilité marginale - Modèles mathématiques Mathematisches Modell Consumption (Economics) Mathematical models Marginal utility Mathematical models |
| url | http://papers.nber.org/papers/w6560.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT attanasiooraziop intertemporalchoiceandthecrosssectionalvarianceofmarginalutility AT jappellitullio intertemporalchoiceandthecrosssectionalvarianceofmarginalutility |