Title of article
Consumption and saving with habit formation and durability
Author/Authors
William T. Smith، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2002
Pages
7
From page
369
To page
375
Abstract
This paper develops a model of precautionary saving with habit formation and durability. Durability offsets the effects of habit formation on both consumption growth and the precautionary premium. Empirical tests of habit formation and durability on consumption growth might exploit their parallel effects on the precautionary premium
Keywords
Habit formation , Durability , Consumption , Saving
Journal title
Economics Letters
Serial Year
2002
Journal title
Economics Letters
Record number
434945
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