Life-Cycle Models of Consumption: Is the Evidence Consistent with the Theory?
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The paper considers avariety of evidence that casts light on the validity of the life-cycle model of consumer behavior. In the first part of the paper, simple non-parametric tests are used to examine representative agent models of consumption and labor supply. It seems extremely unlikely that post
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美国国家经济研究局创建时间：
1986-04-01
