English, Article, Journal or magazine article edition: Hyperbolic Discounting and Household Consumption:An Analysis based on a Large-scale Survey in Japan Shoko Morimoto

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Bookmark: http://trove.nla.gov.au/version/139854
Physical Description
  • preprint
Language
  • English

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Title
  • Hyperbolic Discounting and Household Consumption:An Analysis based on a Large-scale Survey in Japan
Author
  • Shoko Morimoto
Physical Description
  • preprint
Notes
  • In this paper, I investigate what is the difference in consumption behavior between hyperbolic and non-hyperbolic discounting households by using data from hJapan Household Survey on Consumer Preferences and Satisfactionh conducted by Osaka University. I show that the marginal propensity to consumption out of income (fixed assets, respectively) of hyperbolic discounting household is higher (lower) than that of non-hyperbolic discounting household. These results are consistent with the theoretical propositions by Laibson (1997) and Angeletos et al. (2001).
  • Hyperbolic discounting, Marginal propensity to consume
  • RePEc:osk:wpaper:0919
Language
  • English
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