Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
970802 | The Journal of Socio-Economics | 2011 | 4 Pages |
Abstract
ⶠThere is an estimation problem in existing studies of the lambda model. ⶠThis note shows that aggregate values, not per capita values, sholud be used. ⶠThe lambda model systematically underestimates the fraction of consumers who do not smooth their consumption.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Fredrik W. Andersson,