The elasticity of intertemporal substitution: New evidence from 401(k) participation

被引：19

作者：

Engelhardt, Gary V. ^{[1
]}

Kumar, Anil ^{[2
]}

机构：

[1] Syracuse Univ, Syracuse, NY 13210 USA

[2] Fed Reserve Bank Dallas, Dallas, TX USA

来源：

ECONOMICS LETTERS | 2009年 / 103卷 / 01期

关键词：

Elasticity of intertemporal substitution; 401(k)s;

D O I：

10.1016/j.econlet.2009.01.010

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using Health and Retirement Study data and a structural econometric model, we exploit variation in employer matching rates in 401(k) plans to generate new estimates of the EIS: 0.74 in our richest specification, with a 95% confidence interval of 0.37-1.21. (C) 2009 Elsevier B.V. All rights reserved.

引用

页码：15 / 17

页数：3

共 5 条

[1] CONSUMER DEMAND AND THE LIFE-CYCLE ALLOCATION OF HOUSEHOLD EXPENDITURES [J].