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Análisis empírico de la tasa subjetiva de descuento para el consumidor mexicano

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  • Rivera-Hernández, Rivera Hernández

    () (Instituto Politécnico Nacional)

  • Venegas-Martínez, Francisco

    () (Instituto Politécnico Nacional)

Abstract

Este trabajo tiene como finalidad plantear un modelo que permita capturar las preferencias del consumidor en una tasa subjetiva de descuento (rho). En el modelo se resuelve el problema de maximización de la utilidad, caracterizado por la elección intertemporal de las preferencias de los consumidores. Se toman en cuenta las variables de consumo, tasa de interés, inflación y tiempo. El periodo estudio es de 2003 a 2012, la técnica econométrica utilizada es mínimos cuadrados ordinarios (mco). Donde se concluye que los individuos se caracterizan por consumir compulsivamente en el presente lo que implica que tienen pocas expectativas en el futuro, o un nivel de ingreso menor en el presente/ This paper aims to present a model that captures consumer preferences subjetive discount rate (?), this model solves the problem of utility maximization choice characterized by temporary international consumer preferences, take into account the consumer variables, interest rate, inflation and time period fr om 2003 to 2012 the econometric technique used is ordinary least squares (OLS). Where it is concluded that individuals are characterized by low anxiety to consume in the present that means they have low expectations in the future or a lower income level in the present.

Suggested Citation

  • Rivera-Hernández, Rivera Hernández & Venegas-Martínez, Francisco, 2014. "Análisis empírico de la tasa subjetiva de descuento para el consumidor mexicano," eseconomía, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(40), pages 115-132, primer se.
  • Handle: RePEc:ipn:esecon:v:ix:y:2014:i:40:p:115-132
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    References listed on IDEAS

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    1. Moore, Michael J & Viscusi, W Kip, 1988. "The Quantity-Adjusted Value of Life," Economic Inquiry, Western Economic Association International, vol. 26(3), pages 369-388, July.
    2. Glenn W. Harrison & Morten I. Lau & Melonie B. Williams, 2002. "Estimating Individual Discount Rates in Denmark: A Field Experiment," American Economic Review, American Economic Association, vol. 92(5), pages 1606-1617, December.
    3. Saul Pleeter & John T. Warner, 2001. "The Personal Discount Rate: Evidence from Military Downsizing Programs," American Economic Review, American Economic Association, vol. 91(1), pages 33-53, March.
    4. Bernard M.S. van Praag & Adam S. Booij, 2003. "Risk Aversion and the Subjective Time Discount Rate: A Joint Approach," CESifo Working Paper Series 923, CESifo Group Munich.
    5. Dreyfus, Mark K & Viscusi, W Kip, 1995. "Rates of Time Preference and Consumer Valuations of Automobile Safety and Fuel Efficiency," Journal of Law and Economics, University of Chicago Press, vol. 38(1), pages 79-105, April.
    6. Jerry A. Hausman, 1979. "Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 33-54, Spring.
    7. Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
    8. Epstein, Larry G & Hynes, J Allan, 1983. "The Rate of Time Preference and Dynamic Economic Analysis," Journal of Political Economy, University of Chicago Press, vol. 91(4), pages 611-635, August.
    9. Padula, Mario & Backé, Peter, 2003. "Inflation dynamics and subjective expectations in the United States," Working Paper Series 222, European Central Bank.
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    More about this item

    Keywords

    tasa subjetiva de descuento; elección intertemporal; consumo inflación y utilidad./;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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