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Discount rate heterogeneity among older households: a puzzle?

We put forward a method for estimating discount rates using wealth and income data. We build consumption from these data using the budget constraint. Consumption transitions yield discount rates by household groups. Applying this technique to a sample of older households, we find a similar distribut...

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Detalles Bibliográficos
Autores principales: Bozio, Antoine, Laroque, Guy, O’Dea, Cormac
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2016
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7115087/
https://www.ncbi.nlm.nih.gov/pubmed/32269426
http://dx.doi.org/10.1007/s00148-016-0623-y