Publication: Separability and aggregate shocks in the life-cycle model of consumption: evidence from Spain
dc.affiliation.dpto | UC3M. Departamento de EconomÃa | es |
dc.contributor.author | Collado, M. Dolores | |
dc.contributor.editor | Universidad Carlos III de Madrid. Departamento de EconomÃa | |
dc.date.accessioned | 2009-04-14T15:47:28Z | |
dc.date.available | 2009-04-14T15:47:28Z | |
dc.date.issued | 1995-11 | |
dc.description.abstract | The purpose of this paper is to test the life-cycle permanent income hypothesis using an unbalanced panel from the Spanish family expenditure survey. Our model accounts for aggregate shocks and non-separability in the Euler equation among consumption goods, contrary to most of the Literature in this area. Our results do not indicate excess sensitivity of consumption growth to income. | |
dc.format.mimetype | application/pdf | |
dc.identifier.issn | 2340-5031 | |
dc.identifier.uri | https://hdl.handle.net/10016/3950 | |
dc.language.iso | eng | |
dc.relation.ispartofseries | UC3M Working Paper. Economics. Statistic and Econometrics; | |
dc.relation.ispartofseries | 1995-54-28-20 | |
dc.rights | Atribución-NoComercial-SinDerivadas 3.0 España | |
dc.rights.accessRights | open access | |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ | |
dc.subject.eciencia | EconomÃa | |
dc.subject.other | Life-cycle model | |
dc.subject.other | Separability | |
dc.subject.other | Aggregate Shocks | |
dc.subject.other | Panel Data | |
dc.title | Separability and aggregate shocks in the life-cycle model of consumption: evidence from Spain | |
dc.type | working paper | * |
dspace.entity.type | Publication |
Files
Original bundle
1 - 1 of 1