Humps and Bumps in Lifetime Consumption
收藏NBER1995-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5350
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In this paper we argue that once one departs from the simple classroom example, or `stripped down life-cycle model,' the empirical model for consumption growth can be made flexible enough to fit the main features of the data. More specifically, we show that allowing demographics to affect household
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美国国家经济研究局创建时间：
1995-11-01
