Nishiyama, Shin-Ichi; Ogaki, Masao - Graduate School of Economics and Management, Tohoku … - 2011
We use the standard two-good version of the life cycle/permanent income model in analyzing the intratemporal and intertemporal aspect of food and non-food expenditure in Japan. The empirical dilemma in identifying and estimating the parameters governing the intertemporal elasticity of...