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Replication data for: Consume Now or Later? Time Inconsistency, Collective Choice, and Revealed Preference

Version
1
Resource Type
Dataset
Creator
  • Adams, Abi
  • Cherchye, Laurens
  • De Rock, Bram
  • Verriest, Ewout
Publication Date
2014-12-01
Description
  • Abstract

    We develop a revealed preference methodology that allows us to explore whether time inconsistencies in household choice are the product of individual preference nonstationarities or the result of individual heterogeneity and renegotiation within the household. An empirical application to household-level microdata highlights that an explicit recognition of the collective nature of household choice enables the observed behavior to be rationalized by a theory that assumes preference stationarity at the individual level. The methodology created in this paper also facilitates the recovery of theory-consistent discount rates for each individual within particular household under study. (JEL E24, F13, F16)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/aer.104.12.4147 (Text)
Publications
  • Adams, Abi, Laurens Cherchye, Bram De Rock, and Ewout Verriest. “Consume Now or Later? Time Inconsistency, Collective Choice, and Revealed Preference.” American Economic Review 104, no. 12 (December 2014): 4147–83. https://doi.org/10.1257/aer.104.12.4147.
    • ID: 10.1257/aer.104.12.4147 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Adams, Abi; Cherchye, Laurens; De Rock, Bram; Verriest, Ewout (2014): Replication data for: Consume Now or Later? Time Inconsistency, Collective Choice, and Revealed Preference. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112718V1