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
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
Journal title :
Economics Letters
