000268358 001__ 268358
000268358 005__ 20210122080825.0
000268358 0247_ $$2doi$$a10.22004/ag.econ.268358
000268358 037__ $$a2068-2018-745
000268358 041__ $$aeng
000268358 245__ $$aA Microeconometric Model of Intertemporal Substitution and Consumer Demand 
000268358 260__ $$c1989
000268358 269__ $$a1989-08-08
000268358 300__ $$a38
000268358 336__ $$aWorking or Discussion Paper
000268358 520__ $$aIn this paper we investigate the relationship between within-period preferences and the degree of intertemporal substitution. We first present a theoretical discussion which argues that the form of within-period preferences and the way these differ across consumers may have important consequences for the formulation and specification of intertemporal models. We then apply this methodology to a detailed study of disaggregate household expenditure patterns using a pooled cross-section of some 70,000 households across 15 years. Our objective is to assess the degree of intertemporal substitution across different household types avoiding aggregation bias and accounting for nonadditive within-period preferences and nonlinearity in Engel curves. 
000268358 546__ $$aEnglish
000268358 650__ $$aConsumer/Household Economics
000268358 650__ $$aDemand and Price Analysis
000268358 650__ $$aFinancial Economics
000268358 700__ $$aBlundell, Richard
000268358 700__ $$aBrowning, Martin
000268358 700__ $$aMeghir, Costas
000268358 8560_ $$fweidm015@umn.edu
000268358 8564_ $$91856522f-2aa3-45b1-80a7-23a8a65cbc1b$$s26127117$$uhttps://ageconsearch.umn.edu/record/268358/files/twerp324.pdf
000268358 909CO $$ooai:ageconsearch.umn.edu:268358$$pGLOBAL_SET
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000268358 980__ $$a2068