Aggregate consumption and saving in the postwar United States
Article Abstract:
A study was conducted to examine two sets of aggregate expenditure data. Personal consumption expenditures in the National Income and Product Accounts and the Consumer Expenditure Surveys from the Bureau of Labor Statistics are adjusted to include the effects of owner-occupied housing and other consumer goods. Results show that differences between the data sources have grown, with the 1989 figure amounting to $1224 billion.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Life-cycle and altruistic theories of saving with lifetime uncertainty
Article Abstract:
An analysis of the life-cycle theory of savings with lifetime uncertainty is presented. The theory assumes that individuals with lower mortality rates need more consumption growth. The theory is supported by nonparametric tests using the Retirement History Survey and parametrized models. It is shown that elderly households place prime importance on bequest contributions as much as contributions for their own consumption.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Survey expectations in the time series consumption function
Article Abstract:
A study was conducted to examine survey-based measures of expectation and uncertainties. The measures reflect income and real interest rates as part of a consumption function. Survey data presents variables to explain changes in comsumption patterns. Results show that consumption does not follow random walk patterns but exhibits lagged responses to variations in expected economic development.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Inflation and wage indexation in the postwar United States. Inflationary expectations and price setting behavior
- Abstracts: Variance estimation for multivariate dynamic linear models. Bias in the estimation of non-linear transformation of the integrated variance of returns
- Abstracts: Judgemental revision of sales forecasts: the relative performance of judgemntally revised versus non-revised forecasts
- Abstracts: A note on the optimum quantity of money. The existence of equilibrium in incomplete markets and the objective function of the firm
- Abstracts: Comparative statics derivatives with nonlinear preferences. A general theory of separability for preferences defined on a countably infinite product space