著者
成田 淳司
出版者
日本経済学会
雑誌
The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日
vol.42, no.1, pp.62-71, 1991-03-20 (Released:2007-10-19)
参考文献数
20

It is widely held that the life-cycle hypothesis of consumption is not accepted by Japanese data. However, this view is not founded on firm evidence. In this paper, the life-cycle hypothesis of consumption is tested using cohort data instead of cross-section data. Consumption function of Ghez-Becker type is applied to our data. The hypothesis is proven to be accepted.
著者
成田 淳司
出版者
日本経済学会
雑誌
The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日
vol.44, no.3, pp.275-283, 1993-09-20 (Released:2007-10-19)
参考文献数
26

It is widely held that the life cycle hypothesis of consumption is not accepted by Japanese data. In this paper, the life cycle hypothesis of consumption is tested by using Japanese cohort data instead of cross-section data. First, the earnings function of household head is estimated, and the future stream of the earnings is predicted by the function. Then, human capital is estimated. Finally, the life cycle hypothesis of consumption is proven to be accepted.