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Cited by 360

The DOI matches its Crossref record; 104 of the 104 references it cites were found in a registry or an index.

Estimating Discount Functions with Consumption Choices over the Lifecycle

Open access
Laibson, David, Lee, Sean Chanwook, Maxted, Peter, Repetto, Andrea, Tobacman, Jeremy·2007·National Bureau of Economic Research
DOI 10.3386/w13314
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Abstract

We estimate β-δ 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 and four balance sheet moments: the proportion of households carrying (i.e., revolving) credit card debt, average carried credit card debt, average net wealth among households carrying credit card debt, and average net wealth among households not carrying credit card debt.The sixteen moments are approximately matched by (MSM) parameter estimates β = 0:50, δ = 0:99, and RRA = 1:3.

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Metadata

Authors
Laibson, D., Lee, S. C., Maxted, P., Repetto, A., & Tobacman, J.
Venue
National Bureau of Economic Research
Publisher
National Bureau of Economic Research
Published
2007-08
DOI
10.3386/w13314
OpenAlex
W2135618053
Cited by
360
References
104
Type
report
Language
en
Open access
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CoChat. (2026). Citation check: Estimating Discount Functions with Consumption Choices over the Lifecycle. https://app.cochat.ai/papers/10.3386/w13314
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Laibson, D., Lee, S. C., Maxted, P., Repetto, A., & Tobacman, J. (2007). Estimating Discount Functions with Consumption Choices over the Lifecycle. National Bureau of Economic Research. https://doi.org/10.3386/w13314

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