imperfectly identified. We quantify the relative statistical impact of income, unemployment, house prices, credit scores, debt … needs to allow for multiple determinants of consumption. Unemployment, income, and debt are important determinants of …

estimates by income group. Three income groups are defined, referred to as income terciles. This paper examines the financing of … consumption by income group. One source of financing is own labor income. But for age groups whose labor income is not sufficient … resources reallocated between age groups. The income groups differ in the manner the lifecycle deficits are financed. Some key …

estimates by income group. Three income groups are defined, referred to as income terciles. This paper compares age profiles of … consumption and labor income across income groups. The age profiles were generally found to have the expected shapes but the … profiles also showed the progressively lower per capita consumption and labor income at each age as one moves from the top …