A behavioral model of consumption

Giamboni LuigiWaldmann Robert J.
CEIS Working Papers
This paper studies whether anomalies in consumption can be explained by a behavioral model in which agents do not have rational expectations and make predictable errors in forecasting income. We use a micro-data set containing subjective expectations abou
Number: 202
Date: Thursday, April 1, 2004
Revision Date: Thursday, April 1, 2004