Reexamining loss aversion in aggregate consumption - Swedish and international evidence

Arbeitspapier

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

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 2002:2

Classification and Topics

• Classification: Wirtschaft ; Macroeconomics: Consumption; Saving; Wealth
• Subject: Permanent income hypothesis ; Propsect theory ; Loss aversion ; Survey data

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Johansson, Martin W
• Event: Veröffentlichung
• (who): Lund University, School of Economics and Management, Department of Economics
• (where): Lund
• (when): 2002

Further information

• Handle: http://hdl.handle.net/10419/259858
• Last update: 10.03.2025, 11:45 AM CET