| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062374 | Economics Letters | 2008 | 7 Pages |
Abstract
This study uses a model with nonseparable and nonhomothetic preferences to estimate the intertemporal elasticity of substitution (IES). We show that, while the assumption of homotheticity is strongly rejected, the estimated IES is positive and significant.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Masakatsu Okubo,