haku: @journal_id 7 / yhteensä: 1856
viite: 164 / 1856
| Tekijä: | Dynan, K. |
| Otsikko: | Habit formation in consumer preferences: evidence from panel data |
| Lehti: | American Economic Review
2000 : JUN, VOL. 90:3, p. 391-406 |
| Asiasana: | CONSUMERS PANEL DATA MODELS |
| Kieli: | eng |
| Tiivistelmä: | This paper tests for the presence of habit formation using household data. A simple model of habit formation implies a condition relating the strength of habits to the evolution of consumption over time. When the condition is estimated with food consumption data from the Panel Study on Income Dynamics (PSID), the results yield no evidence of habit formation at the annual frequency. This finding is robust to a number of changes in the specification. |
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