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The elasticity of marginal utility of consumption: estimates for 20 OECD countries

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  1. Courard-Hauri, David & Klimas, Christie A. & Parrish, Conor, 2020. "An analysis of the long-term social discount rate and the valuation of large environmental losses using non-monetary tradeoffs," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 87(C).
  2. Haywood, Luke & Neumann, Michael, 2021. "Equilibrium effects of tax exemptions for low pay," Labour Economics, Elsevier, vol. 69(C).
  3. Halkos, George & Paizanos, Epameinondas, 2015. "Environmental Macroeconomics: A critical literature review and future empirical research directions," MPRA Paper 67432, University Library of Munich, Germany.
  4. Rick Van der Ploeg, 2020. "Discounting And Climate Policy," OxCarre Working Papers 244, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
  5. Lecca, Patrizio & McGregor, Peter G. & Swales, Kim J. & Tamba, Marie, 2017. "The Importance of Learning for Achieving the UK's Targets for Offshore Wind," Ecological Economics, Elsevier, vol. 135(C), pages 259-268.
  6. John Creedy, 2007. "Policy Evaluation, welfare weights and value judgements: a Reminder," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 10(1), pages 1-15.
  7. Asplund, Disa & Pyddoke, Roger, 2018. "Can increases in public transport supply be justified by concern for low-income individuals?," Working papers in Transport Economics 2018:7, CTS - Centre for Transport Studies Stockholm (KTH and VTI), revised 30 Mar 2020.
  8. Paul Dolan & Tessa Peasgood, 2008. "Measuring Well-Being for Public Policy: Preferences or Experiences?," The Journal of Legal Studies, University of Chicago Press, vol. 37(S2), pages 5-31, June.
  9. Garau, Giorgio & Lecca, Patrizio & Mandras, Giovanni, 2013. "The impact of population ageing on energy use: Evidence from Italy," Economic Modelling, Elsevier, vol. 35(C), pages 970-980.
  10. Neal Hockley, 2014. "Cost–Benefit Analysis: A Decision-Support Tool or a Venue for Contesting Ecosystem Knowledge?," Environment and Planning C, , vol. 32(2), pages 283-300, April.
  11. Stanislaw Maciej Kot & Piotr Paradowski, 2022. "The Atlas of Inequality Aversion: Theory and Empirical Evidence from the Luxembourg Income Study Database," LIS Working papers 826, LIS Cross-National Data Center in Luxembourg.
  12. Giuseppe Di Vita, 2012. "Endogenous discount rate and elasticity of the marginal utility of consumption," Applied Economics Letters, Taylor & Francis Journals, vol. 19(7), pages 665-669, May.
  13. Ben Groom & David Maddison Pr., 2019. "New Estimates of the Elasticity of Marginal Utility for the UK," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(4), pages 1155-1182, April.
  14. Ferda Halicioglu & Cevat Karatas, 2013. "A social discount rate for Turkey," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(2), pages 1085-1091, February.
  15. Alberto BUCCI & Chiara DEL BO, 2009. "On the interaction between public investment and private capital in economic growth," Departmental Working Papers 2009-44, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  16. Pieter Van Rymenant, 2022. "Bequests and the estate tax. A review of theory and (new) evidence," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 22/1055, Ghent University, Faculty of Economics and Business Administration.
  17. Allan, Grant & Lecca, Patrizio & McGregor, Peter & Swales, Kim, 2014. "The economic and environmental impact of a carbon tax for Scotland: A computable general equilibrium analysis," Ecological Economics, Elsevier, vol. 100(C), pages 40-50.
  18. Vidar Christiansen & Zhiyang Jia & Thor O. Thoresen, 2022. "Assessing income tax perturbations," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(2), pages 472-504, April.
  19. Lecca, Patrizio & McGregor, Peter G. & Swales, J. Kim & Turner, Karen, 2014. "The added value from a general equilibrium analysis of increased efficiency in household energy use," Ecological Economics, Elsevier, vol. 100(C), pages 51-62.
  20. Gassouma, Mohamed Sadok & Ben Hamed, Adel & El Montasser, Ghassen, 2021. "Investigating similarities between Islamic and conventional banks in GCC countries: a dynamic time warping approach," MPRA Paper 113522, University Library of Munich, Germany.
  21. Thomas van der Pol & Frits Bos & Gerbert Romijn, 2017. "Distributionally Weighted Cost-Benefit Analysis: From Theory to Practice," CPB Discussion Paper 364.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
  22. Milan Scasny & Matej Opatrny, 2022. "New Estimate of the Elasticity of Marginal Utility of Consumption for Europe: Implications for the Social Discount Rate," Working Papers IES 2022/29, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Dec 2022.
  23. Alfred Endres & Regina Bertram & Bianca Rundshagen, 2007. "Environmental Liability Law and Induced Technical Change – The Role of Discounting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(3), pages 341-366, March.
  24. Aristei, David & Perugini, Cristiano, 2010. "Preferences for redistribution and inequality in well-being across Europe," Journal of Policy Modeling, Elsevier, vol. 32(2), pages 176-195, March.
  25. David J. EVANS, 2006. "Social discount rates for the European Union," Departmental Working Papers 2006-20, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  26. Richard S. J. Tol, 2010. "International Inequity Aversion And The Social Cost Of Carbon," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 21-32.
  27. Clements, Kenneth W. & Mariano, Marc Jim M. & Verikios, George & Wong, Berwyn, 2022. "How elastic is alcohol consumption?," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 568-581.
  28. Jessica Catalano & Chiara Pancotti, 2022. "Estimation of SDR in selected countries," Working Papers 202201, CSIL Centre for Industrial Studies.
  29. Asplund Disa, 2017. "Household Production and the Elasticity of Marginal Utility of Consumption," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 17(4), pages 1-25, October.
  30. Akbulut, Hale & Seçilmiş, Erdem, 2019. "Estimation of a social discount rate for Turkey," Socio-Economic Planning Sciences, Elsevier, vol. 67(C), pages 78-85.
  31. Raúl Castro & Jorge Armando Rueda Gallardo, 2020. "Estimación Empírica de la Tasa Social de Descuento Estudio de Caso Bolivia," Documentos CEDE 18020, Universidad de los Andes, Facultad de Economía, CEDE.
  32. Tymon Słoczyński, 2012. "Zastosowanie zasady równych ofiar do oceny sprawiedliwości taryfy podatku dochodowego od osób fizycznych (PIT) w Polsce," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 10, pages 23-47.
  33. Hope, Chris W., 2011. "The social cost of CO2 from the PAGE09 model," Economics Discussion Papers 2011-39, Kiel Institute for the World Economy (IfW Kiel).
  34. Kausik, B.N., 2023. "Equity Premium in Efficient Markets," MPRA Paper 119278, University Library of Munich, Germany.
  35. Moore Mark A. & Boardman Anthony E. & Vining Aidan R., 2013. "More appropriate discounting: the rate of social time preference and the value of the social discount rate," Journal of Benefit-Cost Analysis, De Gruyter, vol. 4(1), pages 1-16, March.
  36. Rafał Buła & Monika Foltyn-Zarychta, 2022. "Declining Discount Rates for Energy Policy Investments in CEE EU Member Countries," Energies, MDPI, vol. 16(1), pages 1-27, December.
  37. Thomas van der Pol & Frits Bos & Gerbert Romijn, 2017. "Distributionally Weighted Cost-Benefit Analysis: From Theory to Practice," CPB Discussion Paper 364, CPB Netherlands Bureau for Economic Policy Analysis.
  38. Moore, Mark A. & Boardman, Anthony E. & Vining, Aidan R., 2013. "The choice of the social discount rate and the opportunity cost of public funds," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 4(3), pages 401-409, December.
  39. Parkinson, Aidan & Guthrie, Peter, 2014. "Evaluating the energy performance of buildings within a value at risk framework with demonstration on UK offices," Applied Energy, Elsevier, vol. 133(C), pages 40-55.
  40. Song, Edward, 2015. "Equilibrium to Equilibrium Dynamics in a Climate Change Economy," MPRA Paper 72435, University Library of Munich, Germany.
  41. Benarroch, Michael & Weder, Rolf, 2006. "Intra-industry trade in intermediate products, pollution and internationally increasing returns," Journal of Environmental Economics and Management, Elsevier, vol. 52(3), pages 675-689, November.
  42. David Anthoff & Johannes Emmerling, 2019. "Inequality and the Social Cost of Carbon," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 6(2), pages 243-273.
  43. Jinchi Dong & Richard S. J. Tol & Fangzhi Wang, 2024. "Towards a representative social cost of carbon," Papers 2404.04989, arXiv.org.
  44. Lei Yan & Kairong Hong & Hui Li, 2021. "Transfer of Land Use Rights in Rural China and Farmers’ Utility: How to Select an Optimal Payment Mode of Land Increment Income," Land, MDPI, vol. 10(5), pages 1-22, April.
  45. Lopez, Humberto, 2008. "The social discount rate : estimates for nine Latin American countries," Policy Research Working Paper Series 4639, The World Bank.
  46. Haoming Liu & Jinli Zeng, 2008. "Determinants of Long‐Run Unemployment," Southern Economic Journal, John Wiley & Sons, vol. 74(3), pages 775-793, January.
  47. Nekeisha Spencer & Eric Strobl, 2020. "Hurricanes, climate change, and social welfare: evidence from the Caribbean," Climatic Change, Springer, vol. 163(1), pages 337-357, November.
  48. Ferda Halicioglu & Cevat Karatas, 2011. "Estimation of Economic Discounting Rate for Practical Project Appraisal: The Case of Turkey," Journal of Developing Areas, Tennessee State University, College of Business, vol. 45(1), pages 155-166, July-Dece.
  49. Zhang, Jingjing, 2020. "International production fragmentation, trade in intermediate goods and environment," Economic Modelling, Elsevier, vol. 87(C), pages 1-7.
  50. Mark Budolfson & Francis Dennig & Marc Fleurbaey & Asher Siebert & Robert H. Socolow, 2017. "The comparative importance for optimal climate policy of discounting, inequalities and catastrophes," Climatic Change, Springer, vol. 145(3), pages 481-494, December.
  51. Ryo Arawatari & Tetsuo Ono, 2017. "Inequality and public debt: A positive analysis," Review of International Economics, Wiley Blackwell, vol. 25(5), pages 1155-1173, November.
  52. Erhun KULA, 2006. "The social discount rate in cost benefit analysis: the British experience and lessons to be learned," Departmental Working Papers 2006-19, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  53. López, Ramón & Galinato, Gregmar I. & Islam, Asif, 2011. "Fiscal spending and the environment: Theory and empirics," Journal of Environmental Economics and Management, Elsevier, vol. 62(2), pages 180-198, September.
  54. Chris Hope, 2013. "Critical issues for the calculation of the social cost of CO 2 : why the estimates from PAGE09 are higher than those from PAGE2002," Climatic Change, Springer, vol. 117(3), pages 531-543, April.
  55. Dirk Van de gaer & Flaviana Palmisano, 2018. "Growth, mobility and social welfare," Working Papers 476, ECINEQ, Society for the Study of Economic Inequality.
  56. Vita, Giuseppe Di, 2021. "Political corruption and legislative complexity: Two sides of same coin?," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 136-147.
  57. Alberto Bucci, 2012. "Public Capital, Private Capital and Economic Growth," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 120(2), pages 149-180.
  58. Vito Frontuto & Silvana Dalmazzone & Francesco Salcuni & Alessandro Pezzoli, 2020. "Risk Aversion, Inequality and Economic Evaluation of Flood Damages: A Case Study in Ecuador," Sustainability, MDPI, vol. 12(23), pages 1-17, December.
  59. Erhun KULA, 2006. "Regional welfare weights," Departmental Working Papers 2006-32, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  60. Mark A. Moore & Anthony E. Boardman & Aidan R. Vining, 2020. "Social Discount Rates for Seventeen Latin American Countries: Theory and Parameter Estimation," Public Finance Review, , vol. 48(1), pages 43-71, January.
  61. Artyom Gennadyevich Isaev, 2020. "Social Efficiency Indicators of Public Investment: The Case of the Far Eastern Regions," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 4, pages 23-43.
  62. Wolfgang Buchholz & Jan Schumacher, 2008. "Discounting the Long-Distant Future: A Simple Explanation for the Weitzman-Gollier-Puzzle," CESifo Working Paper Series 2357, CESifo.
  63. Patrizio Lecca & Grant Allan & Peter McGregor & Kim Swales, 2013. "The Impact of the Introduction of a Carbon Tax for Scotland," ERSA conference papers ersa13p501, European Regional Science Association.
  64. Tol, Richard S. J., 2008. "Measuring International Inequity Aversion," Papers WP254, Economic and Social Research Institute (ESRI).
  65. Van de gaer, Dirk & Palmisano, Flaviana, 2021. "Growth, mobility and social progress," Journal of Comparative Economics, Elsevier, vol. 49(1), pages 164-182.
  66. Nadege Miclanche Azebaze & Thomas Falk & Evelyn Korn, 2014. "Land allocation in subsistence economies and intra-familial time-use decisions," MAGKS Papers on Economics 201451, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
  67. Brianti, Marco & Cormun, Vito, 2023. "Expectation-Driven Boom-Bust Cycles," Working Papers 2023-4, University of Alberta, Department of Economics.
  68. Bergstrom, Katy & Dodds, William, 2023. "Using schooling decisions to estimate the elasticity of marginal utility of consumption," Journal of Public Economics, Elsevier, vol. 224(C).
  69. Debus Martin & Michaelis Jochen, 2006. "Ausbildung, Erwerbsphase, Renteneintrittdemografischer Wandel und optimale Zeitallokation im Lebenszyklus / Education, Working Period, Retirement - Demographic Change and Optimal Time Allocation Withi," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 226(6), pages 611-628, December.
  70. Hansen Jason & Lipow Jonathan, 2013. "Accounting for systematic risk in benefit-cost analysis: a practical approach," Journal of Benefit-Cost Analysis, De Gruyter, vol. 4(3), pages 361-373, December.
  71. MARKIANIDOU, Paresa & WEEREN, Arie, 2011. "Linear and nonlinear growth models using mixed modeling: An application on European import volumes," Working Papers 2011011, University of Antwerp, Faculty of Business and Economics.
  72. Clements, Kenneth & Mariano, Marc Jim & Verikios, George, 2022. "Expenditure patterns, heterogeneity, and long-term structural change," Economic Modelling, Elsevier, vol. 113(C).
  73. Monika Foltyn-Zarychta & Rafał Buła & Krystian Pera, 2021. "Discounting for Energy Transition Policies—Estimation of the Social Discount Rate for Poland," Energies, MDPI, vol. 14(3), pages 1-21, January.
  74. Marcin Bukowski & Janusz Majewski & Agnieszka Sobolewska, 2021. "Macroeconomic Efficiency of Photovoltaic Energy Production in Polish Farms," Energies, MDPI, vol. 14(18), pages 1-19, September.
  75. David EVANS & Erhun KULA, 2009. "Social discount rates and welfare weights for public investment decisions under budgetary restrictions – the case of Cyprus," Departmental Working Papers 2009-19, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  76. Dritan Osmani, 2013. "Valuing Equally the Environmental Goods in Rich and Poor Countries in a Post-Kyoto World," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 7(2), pages 073-099, July.
  77. Antonio Nesticò & Gabriella Maselli & Patrizia Ghisellini & Sergio Ulgiati, 2023. "A Dual Probabilistic Discounting Approach to Assess Economic and Environmental Impacts," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 85(1), pages 239-265, May.
  78. Disa Asplund, 2017. "The temporal aspects of the social cost of greenhouse gases," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2017(3), pages 25-39.
  79. Parkinson, Aidan & Hill, Stephen & Wheal, Richard, 2016. "An income-based analysis of the value premise for property energy performance," Energy, Elsevier, vol. 106(C), pages 162-169.
  80. Buchholz, Wolfgang & Schumacher, Jan, 2010. "Discounting and welfare analysis over time: Choosing the [eta]," European Journal of Political Economy, Elsevier, vol. 26(3), pages 372-385, September.
  81. Michael Spackman, 2017. "Social discounting: the SOC/STP divide," GRI Working Papers 182, Grantham Research Institute on Climate Change and the Environment.
  82. Malakhov, Sergey, 2014. "Money flexibility, price elasticity, and elasticity of marginal utility of consumption," MPRA Paper 55928, University Library of Munich, Germany.
  83. Debus, Martin & Michaelis, Jochen, 2006. "Ausbildung, Erwerbsphase, Renteneintritt: Demografischer Wandel und optimale Zeitallokation im Lebenszyklus," Volkswirtschaftliche Diskussionsbeiträge 79, University of Kassel, Faculty of Economics and Management.
  84. John Creedy, 2006. "Evaluating Policy: Welfare Weights And Value Judgements," Department of Economics - Working Papers Series 971, The University of Melbourne.
  85. Mareike Schad & Jürgen John, 2012. "Towards a social discount rate for the economic evaluation of health technologies in Germany: an exploratory analysis," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 13(2), pages 127-144, April.
  86. Atta Mills, Ebenezer Fiifi Emire & Anyomi, Siegfried Kafui, 2023. "Optimal lifetime income annuity without bequest: Single and annual premiums," Finance Research Letters, Elsevier, vol. 53(C).
  87. John Creedy & Ross Guest, 2008. "Discounting and the Time Preference Rate," The Economic Record, The Economic Society of Australia, vol. 84(264), pages 109-127, March.
  88. Chris Nash (ed.), 2015. "Handbook of Research Methods and Applications in Transport Economics and Policy," Books, Edward Elgar Publishing, number 14619.
  89. Motoh Tsujimura & Hidekazu Yoshioka, 2023. "A robust consumption model when the intensity of technological progress is ambiguous," Mathematics and Financial Economics, Springer, volume 17, number 2, March.
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