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Regular version of the site

Book chapter

Euler Equation Estimation on Micro Data: The Case of Russia

P. 1077-1089.

This paper investigated the household consumption behavior in Russia. The model assumes that household consumption can be described by the Euler equation. Using panel data on households (Russian Longitudinal Monitoring Survey–Higher School of Economics [RLMSHSE]) from 2000 to 2011, we obtained the estimates of the elasticity of intertemporal substitution.