Testing the Life Cycle Model of Consumption: What Can We Learn From Micro and Macro Data?

In this paper we analyze the implicaions of the life cyrcle model for consumption and consider the possibility of testing the model using macro and micro data. We conclude that the implications of the model cannot be tested with macro data, whose analysis, however, is useful for forecats. We provide some evidence from US and UK micro datasets which shows that the life cycle model, at a first glance, is not unconsistent with tha data.

MoreLess

Year of publication:	1993
Authors:	Attanasio, Orazio P. ; Browning, Martin
Publisher:	Bologna : Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

More details

Series:	Quaderni - Working Paper DSE ; 178
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.6092/unibo/amsacta/5179 [DOI] hdl:10419/159021 [Handle] RePEc:bol:bodewp:178 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011651047