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 1537-2707
EISSN:	1537-2707
Discipline:	Economics Statistics Mathematics
Subjects:	Hump-shaped consumption profiles Numerical solutions of life-cycle models Precautionary saving Household consumption Demography Consumption function Consumer economics Consumer profiles Consumer information College graduates Euler equations High schools Age Studies Consumption Economic models Demographics Consumer behavior Statistical analysis Utility functions United States--US
Online Access:	Fulltext
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