Consumption Growth, the Inter-est Rate and Aggregation

By O. Attanasio, G. Weber. 1993

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Citations in the corpus

Averaging Gone Wrong: Using Time-Aware Analyses to Better Understand Behavior (2016, methodology): “A common method to control for such confounds is cohort analysis, widely used in fields such as sociology [18,41], economics [5, 47], and medicine [13, 15].”
What Accounts for the Variation in Retirement Wealth Among U.S. Households (2001, unknown): “Although early studies placed ( close to zero (see, e.g., Hall, 1988), more recent work finds evidence of a small positive elasticity (see, e.g., Attanasio and Weber, 1993, 1995).”
Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy (2010, unknown): “Attanasio and Weber (1993) also show that results obtained with improperly aggregated micro data are consistent with results obtained with aggregate data and indicate rejections of the model that instead disappear with properly aggregated data and rich enough preference structures.”
Unemployment and consumption near and far away from the Mediterranean (2008, background): “…in utility (Browning and Meghir 1991), under isoelastic preferences and a unit elasticity of substitution between consumption and leisure, the Euler equation would be augmented with expected changes in leisure (see Attanasio and Weber 1993, 1995, for evidence on the UK and the US, respectively).”
Household Debt and the Dynamic Effects of Income Tax Changes (2017, background): “…those reported by Mountford and Uhlig (2009), Romer and Romer (2010), Mertens and Ravn (2012) and Cloyne (2013), among oth- 2Campbell and Mankiw (1989), Attanasio and Weber (1993) are earlier contributions in the vast empirical literature on the correlation between consumption and income changes.”
An Estimation of Economic Models with Recursive (2007, unknown): “Attanasio and Weber (1993) emphasized this point in documenting that estimates of the EIS are typically lower for aggregate data than they are for average cohort data.”
The Consumption Response to Income Changes (2009, background): “While popular in the eighties, excess sensitivity tests that rely on macroeconomic data were soon abandoned, because evidence for excess sensitivity in macro data is likely to be due to aggregation bias, as shown among others by Attanasio and Weber (1993) in an influential paper.”
Precautionary Saving and Consumption Fluctuations (2005, result): “The point estimates imply that an expected one percent increase in the prime-age male unemployment rate is associated with 0.1 to 0.2 percent faster consumption growth due to consumption 16This supports one of the main Þndings of Attanasio and Weber (1995) and Attanasio and Weber (1993).”
A Tax-Based Estimate of the Elasticity of Intertemporal Substitution (2013, methodology): “Finally, these papers have focused only on a particular component of consumption, food, and researchers such as Attanasio and Weber (1995) have convincingly argued that the results of Euler equation estimation can be biased by using such a limited measure of consumption.”
"Consumption and habits : evidence from panel data" (2002, unknown): “Nevertheless, in the FES each household is interviewed only once (see Attanasio and Weber, 1993, and Attanasio and Browning, 1995) and the PSID only reports information on food consumption and, therefore, it makes no possible to control for the presence of other goods which may well be arable from…”
The Long-Run Risks Model and Aggregate Asset Prices: An Empirical Assessment (2012, background): “Attanasio and Weber (1993) and Beaudry and van Wincoop (1996) have found higher values for using disaggregated cohort-level and state-level consumption data.”