- The Economic Studies Quarterly (ISSN:0557109X)
- vol.42, no.1, pp.62-71, 1991-03-20 (Released:2007-10-19)
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.