Browsing Statistisk sentralbyrås publikasjonsserier / Published by Statistics Norway by Subject "JEL classification: E21"
Now showing items 1-15 of 15
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A Generalization of Hall's Specification of the Consumption function
(Discussion papers;121, Working paper, 1994-07)This paper deals with optimal consumption over time. The starting point is a dynamic utility function which is exponential where the exponent is quadratic in the observable consumption outlays. The approach is shown to be ... -
A linear demand system within a Seemingly Unrelated Time Series Equation framework
(Discussion Papers;No. 345, Working paper, 2003)Abstract: We consider a Seemingly Unrelated Time Series Equations framework for the linear Almost Ideal Demand system. The framework is applied to a consumer demand system covering nine non-durable commodities. We test ... -
An Expenditure Based estimate of Britain's black economy revisited
(Discussion Papers;No. 414, Working paper, 2005)Abstract: The seminal paper by Pissarides and Weber (1989) is one of several previous studies trying to measure the size of the black economy. Pissarides and Weber compared the relationship between food expenditure and ... -
Cash-on-Hand and the duration of job search. Quasi-experimental evidence from Norway
(Discussion Papers;679, Working paper, 2012)We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a severance payment worth 1.2 months' earnings at the ... -
Estimating and restricting growth rates and cointegrationmeans : with applications to consumption and money demand
(Discussion Papers;No. 309, Working paper, 2001)Abstract: The parameters in the cointegration vector and the loading parameters are not the only interesting parameters in a vector cointegration model. With a reformulation of the model the intercept parameters can be ... -
Financial deregulation and consumer behavior: the Norwegian experience
(Discussion Papers;No. 156, Working paper, 1995)The present paper uses the model by Campbell and Mankiw (1991) to examine the Norwegian consumer behavior and the role of the financial deregulation during the 1980s. For quarterly data on non-durables and services, we ... -
Financial deregulation and household saving : the Norwegian experience revisited
(Discussion Papers;No. 361, Working paper, 2003)Abstract: I use new micro data to study the effects of credit deregulation on the Norwegian household savings decline in the mid-1980s. This paper has three main findings. First, the decline in saving started in 1983, ... -
Gambling with the family silver. Household consumption and saving responses to fiscal uncertainty
(Discussion papers;913, Working paper, 2019-08)In the early 2000s, eight Norwegian energy producing municipalities sold up to ten years of future electricity earnings and let two brokers from Terra Securities make investments on their behalf. In the wake of the 2007 ... -
Markets where buyers also are sellers : how realized home equity may work as an accelerator of house prices
(Discussion Papers;No. 618, Working paper, 2010)Abstract: The house price level is a function of buyers’ realized home equity, and buyers’ realized home equity is a function of the house price level. This interdependence follows from the fact that buyers are sellers ... -
Older or Wealthier? : the Impact of Age Adjustments on the Wealth Inequality Ranking of Countries
(Discussion Papers;583, Working paper, 2009)Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this finding relies on cross-section data, we may confuse older with wealthier. We propose a new method to ... -
Political uncertainty and household savings
(Discussion papers;793, Working paper, 2014-12)Despite macroeconomic evidence pointing to a negative aggregate consumption response due to political uncertainty, few papers have used microeconomic panel data to analyze how households adjust their consumption after an ... -
Precautionary Saving and Old-Age Pensions
(Discussion papers;108, Working paper, 1994-02)A precautionary saving model is extended to include old-age pensions and provides the framework for an empirical analysis of the relation between old-age pensions and private consumption. Norwegian macrodata for socioeconomic ... -
Saving and portfolio allocation before and after job loss
(Discussion Papers;672, Working paper, 2012)Using administrative panel data from Norway, we investigate the development of household labor income, financial wealth and asset holdings over a nine-year period surrounding job loss. Consistent with a simple theoretical ... -
Testing for long-run homogeneity in the linear almost ideal demand system : an application on Norwegian quarterly data for non-durables
(Discussion Papers;No. 289, Working paper, 2000)Abstract: We consider testing for long-run homogeneity within a dynamic consumer demand system allowing for non-stationarities. The static long-run solution is assumed to follow the Linear Almost Ideal Demand System and ... -
Wealth effects on consumption in financial crises: the case of Norway
(Discussion Papers;No. 616, Working paper, 2010)ABSTRACT: A dynamic consumption function, where consumption in the long run is determined by households’ disposable income and wealth, has been superior to the Euler equation in explaining the development of Norwegian ...