Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy

被引：205

作者：

Attanasio, Orazio P. ^{[1
]}

Weber, Guglielmo ^{[2
]}

机构：

[1] NBER, IFS, UCL, Cambridge, MA 02138 USA

[2] Univ Padua, IFS, I-35100 Padua, Italy

来源：

JOURNAL OF ECONOMIC LITERATURE | 2010年 / 48卷 / 03期

关键词：

PERMANENT INCOME HYPOTHESIS; LIFE-CYCLE; LIQUIDITY CONSTRAINTS; RISK-AVERSION; CONSUMER DURABLES; TEMPORAL BEHAVIOR; SELF-CONTROL; REDISTRIBUTIVE TAXATION; STOCHASTIC CONSUMPTION; AGGREGATE IMPLICATIONS;

D O I：

10.1257/jel.48.3.693

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper provides a critical survey of the large literature on the life cycle model of consumption, both from an empirical and a theoretical point of view. It discusses several approaches that have been taken in the literature to bring the model to the data, their empirical successes, and their failures. Finally, the paper reviews a number of changes to the standard life cycle model that could help solve the remaining empirical puzzles.

引用

页码：693 / 751

页数：59

共 271 条

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ABEL AB, 1990, AM ECON REV, V80, P38

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