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Direct tests of the life-cycle hypothesis using systems of generalized integrable consumption functions

Journal Article


Abstract


  • The life-cycle hypothesis is tested by means of a system of generalized integrable consumption functions fitted to Australian expenditure and income survey data for different age groups. In this system, the distinction between consumption needs and work-related expenses is accentuated. Our findings reject the hypothesis in relation to aggregate expenditure but give it favourable support in the conditional consumption of necessities such as fuel, food, vice, clothing, and medical and health care. © 1984.

UOW Authors


  •   Tran, Jimmy Van Hoa. (external author)

Publication Date


  • 1984

Citation


  • Van Hoa, T. (1984). Direct tests of the life-cycle hypothesis using systems of generalized integrable consumption functions. Economics Letters, 15(1-2), 181-187. doi:10.1016/0165-1765(84)90064-8

Scopus Eid


  • 2-s2.0-48749140857

Web Of Science Accession Number


Start Page


  • 181

End Page


  • 187

Volume


  • 15

Issue


  • 1-2

Abstract


  • The life-cycle hypothesis is tested by means of a system of generalized integrable consumption functions fitted to Australian expenditure and income survey data for different age groups. In this system, the distinction between consumption needs and work-related expenses is accentuated. Our findings reject the hypothesis in relation to aggregate expenditure but give it favourable support in the conditional consumption of necessities such as fuel, food, vice, clothing, and medical and health care. © 1984.

UOW Authors


  •   Tran, Jimmy Van Hoa. (external author)

Publication Date


  • 1984

Citation


  • Van Hoa, T. (1984). Direct tests of the life-cycle hypothesis using systems of generalized integrable consumption functions. Economics Letters, 15(1-2), 181-187. doi:10.1016/0165-1765(84)90064-8

Scopus Eid


  • 2-s2.0-48749140857

Web Of Science Accession Number


Start Page


  • 181

End Page


  • 187

Volume


  • 15

Issue


  • 1-2