Reexamining loss aversion in aggregate consumption - Swedish and international evidence

Martin W Johansson
Additional contact information
Martin W Johansson: Department of Economics, Lund University, Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund, Sweden

No 2002:2, Working Papers from Lund University, Department of Economics

Abstract: Recent empirical and theoretical studies have suggested that consumption growth reacts asymmetrically to positive and negative expected income growth. In this paper we investigate if this behavior is robust to a) assumptions on how the households form their expectations of future earnings and b) sampling frequency. After investigating the case for Swedish consumption using survey data and a panel of annual observations on 15 OECD countries we conclude that previous results can not easily be generalized

Keywords: Permanent income hypothesis; Propsect theory; Loss aversion; Survey data (search for similar items in EconPapers)
JEL-codes: E21 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2002-02-04
New Economics Papers: this item is included in nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://project.nek.lu.se/publications/workpap/Papers/WP02_2.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to project.nek.lu.se:80 (nodename nor servname provided, or not known)

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:hhs:lunewp:2002_002

Access Statistics for this paper

More papers in Working Papers from Lund University, Department of Economics School of Economics and Management, Box 7080, S-22007 Lund, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Iker Arregui Alegria ().