Loss aversion in a consumption-savings model

Authors: Bowman D.¹; Minehart D.; Rabin M.

Source: Journal of Economic Behavior and Organization, Volume 38, Number 2, 1 February 1999 , pp. 155-178(24)

Publisher: Elsevier

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Keywords: [JEL classification codes] A12; [JEL classification codes] B49; [JEL classification codes] C91; [JEL classification codes] D11; [JEL classification codes] D81; [JEL classification codes] E21; Consumption; Habit formation; Loss aversion; Reference points; Risk aversion; Savings

Language: English

Document Type: Research article

DOI: 10.1016/S0167-2681(99)00004-9

Affiliations: 1: Board of Governors of the Federal Reserve System, Division of International Finance, Mail Stop 24, Washington, USA

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