Consumption and Savings Over the Life Cycle
During the last decade most western economies have experienced large and unexpected fluctuations in consumption and savings. The purpose of this paper is to provide additional insights into the individual household's consumption decision and thereby increase the knowledge of what governs these important macro variables. A consumption equation is estimated on Swedish micro data using an empirical method capable of dealing with the inherent data problem found in micro data sets.
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|Date of creation:||1996|
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