557 research outputs found
Exploring Household Saving and Consumption-Smoothing in the Philippines
This paper explores whether or not the saving behavior of Filipino households fits the life-cycle hypothesis. Using pseudo-panels, which are constructed from the public use data files of the Family Income and Expenditures Survey of 1988 to 2000, it shows that consumption rises with the age of the household head and that the consumption profile has been rising for younger cohorts. The regressions indicate that the cohort-independent age effects on consumption simply track those on income across all ages, suggesting that Filipino households do not behave as the life-cycle hypothesis prescribes, possibly because they are liquidity constrained or impatient.consumption smoothing, household savings, household consumption
Exploring Household Saving and Consumption-Smoothing in the Philippines
This paper explores whether or not the saving behavior of Filipino households fits the life-cycle hypothesis. Using pseudo-panels, which are constructed from the public use data files of the Family Income and Expenditures Survey of 1988 to 2000, it shows that consumption rises with the age of the household head and that the consumption profile has been rising for younger cohorts. The regressions indicate that the cohort-independent age effects on consumption simply track those on income across all ages, suggesting that Filipino households do not behave as the life-cycle hypothesis prescribes, possibly because they are liquidity constrained or impatient.consumption smoothing, household savings, household consumption
The Significance of National Wildlife Refuges in the Development of U.S. Conservation Policy
Is the Bankruptcy Code an Adequate Mechanism for Resolving the Distress of Systemically Important Institutions?
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