This paper empirically investigates the relevance of liquidity constraints and excess sensitivity in intertemporal household consumption. Using a pseudo panel that has been constructed on rich German consumption survey data, we estimate the consumption responses to permanent and transitory income shocks, as well as the presence of excess sensitivity to anticipated income changes. A switching...
Richard Ochmann, Martin Beznoska
Berlin,
07.11.2012
| Cluster-Seminar Öffentliche Finanzen und Lebenslagen: Liquidity Constraints and the Permanent Income Hypothesis: Pseudo Panel Estimation with German Consumption Survey Data
Identification of shocks of interest is a central problem in structural vector autoregressive (SVAR) modelling. Identification is often achieved by imposing restrictions on the impact or long-run effects of shocks or by considering sign restrictions for the impulse responses. In a number of articles changes in the volatility of the shocks have also been used for identification. The present study...
Helmut Lütkepohl
Dallas, USA,
02.11.2012
- 04.11.2012| Vector Autoregressive Modelling: New Developments and Applications: 12th Annual Advances in Econometrics Conference
Frederike Esche
Venedig, Italien,
01.11.2012
- 04.11.2012| Discovering New Frontiers in Quality-of-Life Research: 11th Conference of the International Society for Quality of Life Studies (ISQOLS)
Christoph Jindra, Peter Krause, Nicole Rippin
Venedig, Italien,
01.11.2012
- 04.11.2012| Discovering New Frontiers in Quality-of-Life Research: 11th Conference of the International Society for Quality of Life Studies (ISQOLS)
Peter Krause
Venedig, Italien,
01.11.2012
- 04.11.2012| Discovering New Frontiers in Quality-of-Life Research: 11th Conference of the International Society for Quality of Life Studies (ISQOLS)
Anika Rasner
Paris, Frankreich,
29.10.2012
- 31.10.2012| Childhood and Beyond: Tracing Cohorts across the Lifecourse: Final Conference of the ESF-Funded European Child Cohort Network (EUCCONET), Joint with the Third Conference of the Society for Longitudinal and Life Course Studies (SLLS)
Dorothea Schäfer, Andreas Stephan
Jönköping, Schweden,
29.10.2012
| CeFEO Research Seminar der Jönköping International Business School/Jönköping University
Karsten Neuhoff
Brüssel, Belgien,
26.10.2012
| From 2020 to 2050: What Next Steps for Europe's Resource-Efficient and Low-Carbon Future?: CEPS-IDDRI Brainstorm Session
Markus M. Grabka
Berlin,
24.10.2012
| Zukunftsproblem Altersarmut? Ein Austausch von Wissenschaft und Praxis: Tagung des AWO Bundesverbandes e.V. und des Zentrums für Sozialpolitik der Universität Bremen
Claudia Kemfert
Freiburg,
24.10.2012
| Das 21. Jahrhundert - das Jahrhundert der Städte? Möglichkeiten und Grenzen städtischer Beiträge für eine nachhaltige Zukunft: Festveranstaltung 20 Jahre ICLEI in Freiburg
Nils Saniter
Berlin,
24.10.2012
| Cluster-Seminar Öffentliche Finanzen und Lebenslagen: The Economics of Information: How Job Information Centers Affect Educational Choices and Labour Market Outcomes
Juan Rosellón
Berlin,
24.10.2012
| Brown Bag Seminar of the Sustainability Cluster: Testing Regulatory Regimes for Power Transmission Expansion under RES Grid Integration