Consumption vs. Expenditure
收藏NBER2004-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10307
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Standard tests of the permanent income hypothesis (PIH) using data on nondurables typically equate expenditures with consumption. However, as noted by Becker (1965), consumption is the output of a home production' function that uses both expenditure and time as inputs. With this in mind, we revisit
采用非耐用品数据开展的持久收入假说（permanent income hypothesis, PIH）标准检验，通常将支出直接等同于消费。但正如贝克尔（Becker, 1965）所指出的，消费实为以支出与时间作为两类投入的家庭生产函数的产出。基于此认知，我们重新审视
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美国国家经济研究局创建时间：
2004-02-01
