EconPapers    
Economics at your fingertips  
 

Temporary and Permanent Changes in Consumption Growth

Gabriella Berloffa ()

Economic Journal, 1997, vol. 107, issue 441, 345-58

Abstract: This paper examines whether demographic variables and other household characteristics are more likely to affect the intercept of the Euler equation or the intertemporal elasticity of substitution of the household. Analysis of British data suggests that demographics affect the growth rate of consumption in a purely transitory way, while the educational level and the employment status of the wife appear to have a significant effect on the intertemporal elasticity of substitution. The effect of the employment status of the head is more uncertain. After taking these differences into account, the hypothesis of no excess sensitivity cannot be rejected for households with two earners. Copyright 1997 by Royal Economic Society.

Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0013-0133%2819970 ... 0.CO%3B2-1&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecj:econjl:v:107:y:1997:i:441:p:345-58

Ordering information: This journal article can be ordered from
http://www.blackwell ... al.asp?ref=0013-0133

Access Statistics for this article

Economic Journal is currently edited by Martin Cripps, Steve Machin, Woulter den Haan, Andrea Galeotti, Rachel Griffith and Frederic Vermeulen

More articles in Economic Journal from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().

 
Page updated 2021-05-28
Handle: RePEc:ecj:econjl:v:107:y:1997:i:441:p:345-58