Attanasio, Orazio P.; Weber, Guglielmo - In: Journal of Economic Literature 48 (2010) 3, pp. 693-751
This paper provides a critical survey of the large literature on the life cycle model of consumption, both from an empirical and a theoretical point of view. It discusses several approaches that have been taken in the literature to bring the model to the data, their empirical successes, and...