Url, Thomas; Wüger, Michael - In: WIFO Monatsberichte (monthly reports) 78 (2005) 11, pp. 775-782
The life cycle model for consumption predicts a steadily rising level of consumption regardless of age and current income. Empirical studies from the Anglo-Saxon countries and Germany, however, contradict the theory behind this model. An analysis of the consumer survey carried out by Statistics...