کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
967322 931196 2007 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
A leisurely reading of the life-cycle consumption data
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
A leisurely reading of the life-cycle consumption data
چکیده انگلیسی
A puzzle in consumption theory is the observation of a hump in age-consumption profiles. This paper studies a general equilibrium life-cycle economy with capital in which households include both consumption and leisure in their period utility function. A calibrated version of the model shows that a significant hump in life-cycle consumption is a feature of the equilibrium. Thus inclusion of leisure in household preferences may provide part of the explanation of observed life-cycle consumption humps.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Monetary Economics - Volume 54, Issue 8, November 2007, Pages 2305-2320
نویسندگان
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