## An Econometric Analysis of the Household's Intertemporal Allocation Under Additive Preferences: A Test of the Normal Income Hypothesis with Chilean Cross-section Data |

### What people are saying - Write a review

We haven't found any reviews in the usual places.

### Common terms and phrases

analysis Ando and Modigliani assumption basic model Chapter Chile Cobb-Douglas coefficient condition consumption function cross-section data current income developed countries distributional effects double log model effects of inflation elasticity of consumption empirical equation estimate explanatory variable extended model family member forward price future prices g i.g g grouping criterion grouping variable household hypo implications income effect Indonesia interest rate INTERTEMPORAL ALLOCATION latter Linear Double Linear Linear Double Log Log Linear Double marginal propensity money illusion normal income elasticity normal income hypothesis null hypothesis obtained permanent income Permanent Income Hypothesis price elasticities price level propensity to consume rate of inflation rate of interest regression relevant Research sample Santiago de Chile secondary hypothesis Section sector slope Status Status Status subsamples subsistence bundle subsistence parameters Table Tenure testing procedure theoretical thesis total resources Tth period underdeveloped countries University of Wisconsin utility function Watts yd.g zero