| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061633 | Economics Letters | 2008 | 4 Pages |
Abstract
This paper extends previous work by showing that consumption constraints typically increase individuals' risk-aversion even if the illiquid good (e.g., leisure) has good substitutes. Calibrations indicate time-use constraints may raise risk-aversion considerably under many common scenarios.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Scott Drewianka,