コーホート•データによる消費のライフサイクル仮説の検証
1991 年 42 巻 1 号 p. 62-71
詳細
1991 年 42 巻 1 号 p. 62-71
It is widely held that the life-cycle hypothesis of consumption is not accepted by Japanese data. However, this view is not founded on firm evidence. In this paper, the life-cycle hypothesis of consumption is tested using cohort data instead of cross-section data. Consumption function of Ghez-Becker type is applied to our data. The hypothesis is proven to be accepted.
