The Permanent Income Hypothesis and Consumption Durability: Analysis Based on Japanese Panel Data
收藏NBER1984-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1305
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The permanent income hypothesis is tested on a four-quarter panel of about two thousand Japanese households for ten commodity groups. Consumption is a distributed lag function of expenditures, and the utility function is additively separable in time. Durability is defined as the persistence of the
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美国国家经济研究局创建时间：
1984-03-01
