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We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across different periods to identify lifecycle profiles masks...
Persistent link: https://www.econbiz.de/10012839357
We document systematic and significant time variation in US lifecycle nondurable consumption profiles. Consumption profiles have consistently become flatter: intergenerational differences in consumption across age groups have decreased over time. Pooling data across different periods to identify...
Persistent link: https://www.econbiz.de/10013240810
Persistent link: https://www.econbiz.de/10012302531
in an environment where a large majority of households have high savings rates. Household survey data from 1976-96 are … migration, mortality, household composition, liquidity constraints, unanticipated aggregate shocks, hyperbolic discounting …
Persistent link: https://www.econbiz.de/10011609450
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We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across different periods to identify lifecycle profiles masks...
Persistent link: https://www.econbiz.de/10012177052
income model. The generalized method of moments (GMM) used in estimation overcomes various econometric difficulties involved …. The results of the estimation reveal that in all countries a significant fraction of consumers do not behave in accordance …
Persistent link: https://www.econbiz.de/10014089652
in an environment where a large majority of households have high savings rates. Household survey data from 1976-96 are … migration, mortality, household composition, liquidity constraints, unanticipated aggregate shocks, hyperbolic discounting …
Persistent link: https://www.econbiz.de/10014128510