Expectations-Based Reference-Dependent Life-Cycle Consumption

I incorporate expectations-based reference-dependent preferences into a dynamic stochastic model to explain three major life-cycle consumption facts; the intuitions behind these three implications constitute novel connections between recent advances in behavioral economics and prominent ideas in the...

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Bibliographic details
Main Author: Pagel, Michaela
Format: Publication
Language: English
Place of publication: 15.02.2013
Data of publication: 2013-02-15
Classification Codes:

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Online Access: available in Bonn?
Database: OpenAIRE (Open Access)
OpenAIRE
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