The role of confidence indices in explaining consumption growth in Sweden during the period 1975-94 is analyzed in this paper. We first analyzed which variables influence the levels of the confidence indices. Two important such factors are found to be changes in real interest rates and changes...

This paper focuses on an empirical analysis of the dependency between age structure and aggregate consumption and the composition of aggregate savings. In a long-run consumption function of life cycle type, different demographic variables have a conclusive, statistically significant effect. In...