Humps and Bumps in Lifetime Consumption

In this article we argue that the life-cycle model that allows demographics to affect household preferences and relaxes the assumption of certainty equivalence can generate hump-shaped consumption profiles over age that are very similar to those observed in household-level data sources and, in parti...

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Bibliographic details
Volume: 17
Main Author: Attanasio, Orazio P
Banks, James
Meghir, Costas
Weber, Guglielmo
Format: Journal Article
Language: English
Place of publication: Washington, D.C Taylor & Francis Group 01.01.1999
American Statistical Association
Taylor & Francis Ltd
published in: Journal of business & economic statistics Vol. 17; no. 1; pp. 22 - 35
Data of publication: 1/1/1999
ISSN: 0735-0015
EISSN: 1537-2707
Discipline: Economics
Online Access: Fulltext
Database: CrossRef
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