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Article

Межвременные предпочтения российских домашних хозяйств: оценка на дезагрегированных данных

 

This paper investigates the household consumption behavior in Russia. The model assumes that household consumption can be described by the Euler equation. Using panel data on household from 2002 to 2011, we obtained the estimates of the elasticity of intertemporal substitution, which are different for lenders or borrowers.