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Consumption dynamics in Russia: Estimates on microdata

  • Larin, Alexander

    ()

    (Higher School of Economics, Nizhnii Novgorod, Russia)

  • Novak, Anna

    ()

    (Higher School of Economics, Nizhnii Novgorod, Russia)

  • Khvostova, Irina

    ()

    (Higher School of Economics, Nizhnii Novgorod, Russia)

Registered author(s):

    The paper investigates household consumption behavior in Russia. The model assumes that household consumption can be determined both by Euler equation and the rule of thumb. Using panel data on households (RLMS–HSE) from 2000 to 2011, we present estimates of elasticity of intertemporal substitution and show that an essential part of households consume constant part of their current income and do not solve optimization problem.

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    File URL: http://pe.cemi.rssi.ru/pe_2013_4_29-44.pdf
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    Article provided by Publishing House "SINERGIA PRESS" in its journal Applied Econometrics.

    Volume (Year): 32 (2013)
    Issue (Month): 4 ()
    Pages: 29-44

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    Handle: RePEc:ris:apltrx:0222
    Contact details of provider: Web page: http://appliedeconometrics.cemi.rssi.ru/

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    11. Lukiyanova, Anna & Oshchepkov, Aleksey, 2012. "Income mobility in Russia (2000–2005)," Economic Systems, Elsevier, vol. 36(1), pages 46-64.
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    13. Sule Alan, 2011. "Do Disaster Expectations Explain Household Portfolios?," Koç University-TUSIAD Economic Research Forum Working Papers 1127, Koc University-TUSIAD Economic Research Forum.
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