Luxuries are easier to postpone: A proof

被引：33

作者：

Browning, M ^{[1
]}

Crossley, TF

机构：

[1] Univ Copenhagen, DK-1168 Copenhagen, Denmark

[2] York Univ, N York, ON M3J 1P3, Canada

[3] Australian Natl Univ, Canberra, ACT, Australia

来源：

JOURNAL OF POLITICAL ECONOMY | 2000年 / 108卷 / 05期

关键词：

D O I：

10.1086/317668

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We show that (Marshallian) income elasticities are proportional to (Frisch) own price elasticities if all goods are additively separable. This implies that luxuries are likely to be easier to postpone It also implies that preferences over "consumption" are unlikely to display a constant elasticity of substitution.

引用

页码：1022 / 1026

页数：5

共 7 条

[1] Wealth-varying intertemporal elasticities of substitution: Evidence from panel and aggregate data [J].