A Micro Data Analysis of Heterogeneity in Preferences and Consumption Insurance

Research Project

Project/Area Number	24730190
Research Category	Grant-in-Aid for Young Scientists (B)
Allocation Type	Multi-year Fund
Research Field	Economic statistics
Research Institution	University of Tsukuba
Principal Investigator	OKUBO Masakatsu 筑波大学, システム情報系, 准教授 (30334600)
Project Period (FY)	2012-04-01 – 2015-03-31
Project Status	Completed (Fiscal Year 2014)
Budget Amount *help	¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000) Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000) Fiscal Year 2013: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000) Fiscal Year 2012: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Keywords	経済統計学 / 家計消費
Outline of Final Research Achievements	This study investigated heterogeneity in preferences of economic agents using data from developed countries. First, it attempted to extend existing studies which showed that allowing for the subsistence level of consumption is useful when modeling heterogeneity in preferences. Second, this study utilized a framework in which it is assumed that economic agents do not know the true model, and showed that there is a relation between heterogeneity in preferences and the degree of model uncertainty aversion.