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Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy

机译:消费与储蓄:跨时期分配模型及其对公共政策的启示

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This paper provides a critical survey of the large literature on the life cycle model of consumption, both from an empirical and a theoretical point of view. It discusses several approaches that have been taken in the literature to bring the model to the data, their empirical successes, and their failures. Finally, the paper reviews a number of changes to the standard life cycle model that could help solve the remaining empirical puzzles.
机译:本文从经验和理论的角度对有关消费生命周期模型的大量文献进行了批判性调查。它讨论了文献中采用的几种将模型引入数据的方法,它们的经验成功和失败的方法。最后,本文回顾了标准生命周期模型的许多变化,这些变化可能有助于解决剩余的经验难题。

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