Replication data for: Consume Now or Later? Time Inconsistency, Collective Choice, and Revealed Preference
Principal Investigator(s): View help for Principal Investigator(s) Abi Adams; Laurens Cherchye; Bram De Rock; Ewout Verriest
Version: View help for Version V1
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| AER-2012-1369_data_codes | 10/11/2019 09:27:PM | ||
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Project Citation:
Adams, Abi, Cherchye, Laurens, De Rock, Bram, and Verriest, Ewout. Replication data for: Consume Now or Later? Time Inconsistency, Collective Choice, and Revealed Preference. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112718V1
Project Description
Summary:
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We develop a revealed preference methodology that allows us to
explore whether time inconsistencies in household choice are the
product of individual preference nonstationarities or the result of
individual heterogeneity and renegotiation within the household.
An empirical application to household-level microdata highlights
that an explicit recognition of the collective nature of household
choice enables the observed behavior to be rationalized by a theory
that assumes preference stationarity at the individual level. The
methodology created in this paper also facilitates the recovery of
theory-consistent discount rates for each individual within particular
household under study. (JEL E24, F13, F16)
Scope of Project
JEL Classification:
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E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
F13 Trade Policy; International Trade Organizations
F16 Trade and Labor Market Interactions
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
F13 Trade Policy; International Trade Organizations
F16 Trade and Labor Market Interactions
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