Home  Journals  Financial Analytics: Science and Experience  18(204) - 2014 May

Intertemporal preferences of the Russian house farms: assessment on disaggregated data

Available online: 11 May 2014

Subject Heading: ISSUES ON ECONOMICS

JEL Classification: 

Pages: 30-37

The work estimates structural parameters of dynamic model of an optimum choice of consumer. The theoretical model assumes that consumption of house farms is described by Euler's equation. Estimates of elasticity of intertemporal replacement are received with use of panel data of Russian house farms from 2002 to 2011. The author shows that the estimates differ depending on the type of household, whether it is the lender or the borrower.

Keywords: consumption, household, Euler's equation, elasticity, intertemporal replacement, RLMS-HSE

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