The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Habit Formation in Consumer Preferences: Evidence from Panel Data
Abstract
This paper tests for the presence of habit formation using household data. A simple model of habit formation implies a condition relating the strength of habits to the evolution of consumption over time. When the condition is estimated with food consumption data from the Panel Study on Income Dynamics (PSID), the results yield no evidence of habit formation at the annual frequency. This finding is robust to a number of changes in the specification. It also holds for several proxies for nondurables and services consumption created by combining PSID variables with weights estimated from Consumer Expenditure Survey data. (JEL D12, D91, E21)
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Cites
Instrumental Variables Regression with Weak Instruments
Staiger, D., & Stock, J. (1994) · doi:10.3386/t0151 · Cited by 5,302
By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior
Campbell, J. Y., & Cochrane, J. H. (1999) · Journal of Political Economy · doi:10.1086/250059 · Cited by 5,210
Bound, J., Jaeger, D. A., & Baker, R. M. (1995) · Journal of the American Statistical Association · doi:10.2307/2291055 · Cited by 1,018
Cited by
Why Are Saving Rates of Urban Households in China Rising?
Chamon, M. D., & Prasad, E. S. (2010) · American Economic Journal: Macroeconomics · doi:10.1257/mac.2.1.93 · Cited by 296
Habitual Behavior in American Eating Patterns: The Role of Meal Occasions
Khare, A., & Inman, J. J. (2006) · Journal of Consumer Research · doi:10.1086/500487 · Cited by 184
Metadata
- Authors
- Dynan, K. E.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2000-06-01
- Volume
- 90
- Issue
- 3
- Pages
- 391-406
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2000321490
- Cited by
- 464
- References
- 3
- FWCI
- 38.20
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
