Survey data frequently requires conversion from qualitative responses to quantitative series. A commonly cited criticism of the use of the survey data is that the conversion procedures incorporate measurement errors which render the series unusable. In this paper, we provide a novel contribution...

This paper develops a rational expectations life-cycle model designed as a framework for the cross-country analysis of (private) saving decisions. It is shown that a broad range of life-cycle models that have been used in the literature to study aggregate time series on consumption and saving...