AN EMPIRICAL-EVALUATION OF THE GILLY-ENIS UPDATED HOUSEHOLD LIFE-CYCLE MODEL

An updated household life cycle model, originally proposed by Gilly and Enis (1982), is evaluated empirically. The model produces strong significant differences across a variety of consumption areas, even after one adjusts for income as a covariate. Furthermore, this model results in only one percent of the sample classified as "other" and incorporates individuals into new classifications reflecting changing demographic trends as called for by other researchers. © 1990.