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Article

Особенности динамики потребления в России: оценка на дезагрегированных данных

Прикладная эконометрика. 2013. Т. 32. № 4. С. 29-44.

This 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 part of their current income and do not solve optimization problem