본문 바로가기
KERD
논문KCI 등재

Habit Formation and Precautionary Saving: Evidence from the Korean Household Panel Studies

이우헌
경제연구소 (Hanyang Economic Research Institute)|2004.12|Journal of Economic Development|제29권 제2호|pp. 1-20

1

조회

0

다운로드

2

인용

0

참고문헌

주제분류경제학

초록

Abstract

We examined the evidence of precautionary saving and Constantinides (1990) type habit formation model by using the Korean Household Panel Studies, which has six years of time series observations and thousands of cross section observations. Employing the dynamic panel data estimation method, we found that the estimates of parameters corresponding to the degree of habit formation and precautionary saving are statistically insignificant for food consumption, but statistically significant or at least marginally significant for nondurables and services consumption.

참고문헌 (16)

  1. "Asset Prices under Habit Formation and Catching Up with the Joneses", pp.38~42 (1990)
  2. "Some Tests of Specification for Panel Data Monte Carlo Evidence and an Application to Employment Equations Review of Economic Studies 58", pp.277~297 (1991)
  3. "Dynamic Panel Data Estimation Using DPD98 for GAUSS A Guide for Users", 6 (1998)
  4. "Consumption Demand" (1998)
  5. "Initial Conditions and Moment Restrictions in Dynamic Panel Data Models", 87, pp.115~143 (1998)
  6. "By Force of Habit: A Consumption-Based Estimation of Aggregate Stock Market Behavior", 107, pp.205~251 (1999)
  7. "University of Chicago Press", pp.305~343 (1991), Consumption Growth Parallels Income Growth
  8. "A Resolution of the Equity Premium Puzzle Journal of Political Economy 98", pp.519~543 (1990)
  9. "Clarendon Lectures in Economics" (1992), Oxford University
  10. "Habit Formation in Consumer Preferences: Evidence from Panel Data", 90, pp.391~406 (2000)
  11. "Analysis Based on Japanese Panel Data Quarterly Journal of Economics 100", pp.1083~1113 (1985), The Permanent Income Hypothesis and Consumption Durability
  12. "Consumption Growth in a Booming Economy: Taiwan 1976-96" (2001), Economic Growth Center, Yale University
  13. "Rationality and Myopia in the Life-Cycle Consumption Function", annales d’eco(mie et de statistique 9), pp.47~70 (1988)
  14. "Journal of Monetary Economics 22", pp.237~255 (1988), Risky Income
  15. "Note on the Correlation of First Differences of Averages in a Random Chain", eco(metrica 28), pp.916~18 (1960)
  16. "Journal of Political Economy 97", pp.305~346 (1989)

관련 논문AI추천

Household Saving Behavior and the Effect of Income Growth: Evidence from Korean Household Survey DataSung Yeung Kwack경제연구소 · Seoul Journal of Economics2003 · 제16권 제3호외환위기 전후의 노동소득위험과 예비적저축 실증분석김영덕, 최진석한국경제통상학회 · 경제연구2007 · 제25권 제2호외환위기와 한국의 가계소비: 예비적 저축을 중심으로이우헌한국국제경제학회 · 국제경제연구2001 · 제7권 제2호불확실성하에서의 소비지출에 대한 실증분석최희갑한국국제경제학회 · 국제경제연구2003 · 제9권 제1호보장성보험이 가계의 저축 및 소비지출에 미치는 영향 분석송윤아한국은행 · 경제분석2022 · 제28권 제2호Household Debt and Consumer Spending in Korea: Evidence from Household Data황민, 김영일한국개발연구원 · KDI Journal of Economic Policy2016 · 제38권 제4호

이 간행물의 다른 논문 (8건)

Economic Vulnerability and Economic Growth: Some Results from a Neo-Classical Growth Modelling ApproachGordon Cordinapp. 21-39The Effects of Multinational Enterprises Investment in the Nontraded Sector of Developing EconomiesAbera Gelanpp. 41-64Is There Irrational Exuberance?김철수pp. 65-80Balancing The Budget Through Revenue or Spending Adjustments? The Case of GreecePanagiotis T. Konstantinoupp. 81-105An Econometric Model of Employment in Zimbabwe's Manufacturing IndustriesMkhululi Ncube, Almas Heshmatipp. 107-130
원문 보기