Estimating Discount Functions with Consumption Choices over the Lifecycle
---- Acknowledgements ----
We received helpful advice from Alberto Alesina, Orazio Attanasio, Felipe Balmaceda, Robert Barro, John Campbell, Christopher Carroll, Pierre-Olivier Gourinchas, Cristóbal Huneeus, Greg Mankiw, Jonathan Parker, Ariel Pakes, Raimundo Soto, Samuel Thompson, Nicholas Souleles, Motohiro Yogo, two referees and our editor Mark Gertler at the AER, and seminar audiences at the University of California-Berkeley, the Central Bank of Chile, Harvard University, NBER, the University of Minnesota, the University of Chile, Stanford University, and Princeton University. Laibson acknowledges financial support from the National Science Foundation (SBR-9510985), the National Institute on Aging (R01-AG-16605), and the Olin Foundation; Repetto, from DID-Universidad de Chile, FONDECYT (1990004), Fundación Andes and an institutional grant to CEA from the Hewlett Foundation; and Tobacman from a National Science Foundation Graduate Research Fellowship. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.