Estimating Discount Functions with Consumption Choices over the Lifecycle
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We estimate - time preferences and relative risk aversion (RRA) using a lifecycle model including stochastic income, liquid and illiquid assets, credit cards, dependents, Social Security, mortality, and bequests. Preference parameters are identified by cross-tabulating four lifecycle age intervals
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美国国家经济研究局创建时间：
2007-08-01
