Scarred Consumption
收藏NBER2018-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24696
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资源简介：
We show that personal experiences of economic shocks can scar' consumer behavior in the long run. We first illustrate the effects of experience-based learning in a simple stochastic life-cycle consumption model with time-varying financial constraints. We then use data from the Panel Study of Income
提供机构：
美国国家经济研究局
创建时间：
2018-06-01
