Gausden, Robert; Whitfield, Ian Alan - In: Applied Economics 32 (2000) 10, pp. 1299-1310
This paper applies exclusion tests of the pure life cycle—permanent income hypothesis (LCPIH) to time-series data on each of the eleven standard regions of the UK. Data are annual and extend from 1975 to 1994. The results obtained suggest that there are considerable differences in consumption...