Elasticity of Intertemporal Substitution in Consumption in the Presence of Inertia: Empirical Eviden...
Elasticity of Intertemporal Substitution in Consumption in the Presence of Inertia: Empirical Evidence from a Natural Experiment
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Linthicum: INFORMS
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Language
English
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Linthicum: INFORMS
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Contents
This paper estimates the elasticity of intertemporal substitution in consumption (σ) by exploiting a natural experiment provided by a change in the Indian banking legislation. The new legislation authorized banks to offer higher interest rates on deposits to citizens above 60 years of age. We find evidence that households exhibit inertia in reoptim...
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Full title
Elasticity of Intertemporal Substitution in Consumption in the Presence of Inertia: Empirical Evidence from a Natural Experiment
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TN_cdi_proquest_journals_2678108369
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2678108369
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ISSN
0025-1909
E-ISSN
1526-5501
DOI
10.1287/mnsc.2016.2564
