In this paper the effects on aggregate consumption of changes in the age distribution of the population are analysed … empirically. Economic theories predict that age influences individuals’ saving and consumption behaviour. Despite this, age … structure effects are rarely controlled for in empirical consumption functions. Our findings suggest that they should. By …

In this paper the effects on aggregate consumption of changes in the age distribution of the population are analysed … empirically. Economic theories predict that age influences individuals' saving and consumption behaviour. Despite this, age … structure effects are rarely controlled for in empirical consumption functions. Our findings suggest that they should. By …

In this paper the e ects on aggregate consumption of changes in the age distribution of the population are analysed … empirically. Economic theories predict that age influences individuals’ saving and consumption behaviour. Despite this, age … structure e ects are rarely controlled for in empirical consumption functions. Our findings suggest that they should. By …

In this paper the effects on aggregate consumption of changes in the age distribution of the population are analysed … empirically. Economic theories predict that age influences individuals’ saving and consumption behaviour. Despite this, age … structure effects are rarely controlled for in empirical consumption functions. Our findings suggest that they should. By …

In this paper the effects of a changing age distribution on aggregate consumption are analysed. This is done by … estimating a Norwegian consumption function which controls for age structure effects. The model is estimated on quarterly time … series data from 1968(3) to 1998(4). The results show that changes in the age composition affect aggregate consumption …