Consumption, saving and habit formation

Economics Letters

Volumn 55, Issue 1, 1997, Pages 103-108

  Alessie, Rob ^a   Lusardi, Annamaria ^b  

^a TILBURG UNIVERSITY   (Netherlands)

^b Dartmouth College   (United States)

Author keywords

D91; Habit formation; Permanent income; Precautionary saving

Indexed keywords

EID: 0031285251     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0165-1765(97)00061-X     Document Type: Article

References (9)

1. Abel A. Asset prices under habit formation and catching up with the Jones. American Economic Review. 40:1990;38-42.
2. Alessie, R. and A. Lusardi, 1995. Saving and income smoothing: Evidence from panel data, European Economic Review, in press.
3. Browning M., Lusardi A. Household saving: Micro theories and micro facts. Journal of Economic Literature. 34:1996;1797-1855.
4. Caballero R. Consumption puzzles and precautionary savings. Journal of Monetary Economics. 25:1990;113-136.
5. Campbell J. Does saving anticipate declining labor income? An alternative test of the permanent income hypothesis. Econometrica. 55:1987;1249-1273.
6. Campbell, J. and J. Cochrane, 1995. By force of habit: A consumption-based explanation of aggregate stock market behavior, NBER Working Paper No. 4995.
7. Carroll, C., J. Overland and D. Weil, 1994. Saving and growth with habit formation, mimeo (Board of Governors of the Federal Reserve System).
8. Constantinides G. Habit formation: A resolution of the equity premium puzzle. Journal of Political Economy. 98:1990;519-543.
9. Deaton, A., 1992. Understanding consumption (Clarendon Press, Oxford).