Unanticipated Aggregate Disturbances and Tests of the Life-Cycle Consumption Model Using Panel Data

1 February 1993

journal article
Published by JSTOR in The Review of Economics and Statistics

Vol. 75 (1) , 48
https://doi.org/10.2307/2109625

Abstract

Several recent studies have used data on food consumption from the Panel Study of Income Dynamics (PSID) to test the rational expectations life-cycle hypothesis...

Keywords

LIFE CYCLE
UNANTICIPATED AGGREGATE
AGGREGATE DISTURBANCES
CYCLE CONSUMPTION
CONSUMPTION MODEL
USING PANEL
PANEL DATA

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