Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259858 
Year of Publication: 
2002
Series/Report no.: 
Working Paper No. 2002:2
Publisher: 
Lund University, School of Economics and Management, Department of Economics, Lund
Abstract: 
Recent empirical and theoretical studies have suggested that consumption growth reacts asymmetrically to positive and negative expected income growth. In this paper we investigate if this behavior is robust to a) assumptions on how the households form their expectations of future earnings and b) sampling frequency. After investigating the case for Swedish consumption using survey data and a panel of annual observations on 15 OECD countries we conclude that previous results can not easily be generalized
Subjects: 
Permanent income hypothesis
Propsect theory
Loss aversion
Survey data
JEL: 
E21
Document Type: 
Working Paper

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