Article ID Journal Published Year Pages File Type
5060515 Economics Letters 2011 4 Pages PDF
Abstract
►Habits are introduced in the Blanchard (1985) overlapping-generations model. ►Steady-state consumption and capital are higher with habits than without them. ►“Inward” habits imply a higher steady-state consumption than “outward” habits.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Consumption habits in an overlapping-generations model
Authors
,