コーホート•データによる稼得収入関数の計測とライフサイクル仮説の検証
1993 年 44 巻 3 号 p. 275-283
詳細
1993 年 44 巻 3 号 p. 275-283
It is widely held that the life cycle hypothesis of consumption is not accepted by Japanese data. In this paper, the life cycle hypothesis of consumption is tested by using Japanese cohort data instead of cross-section data. First, the earnings function of household head is estimated, and the future stream of the earnings is predicted by the function. Then, human capital is estimated. Finally, the life cycle hypothesis of consumption is proven to be accepted.
