Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/60219
Título: | A flatter life-cycle consumption profile |
Autor(es): | Alexandre, Fernando Bação, Pedro Portela, Miguel |
Palavras-chave: | Cohorts Consumption Life-cyle Microdata |
Data: | 2019 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Resumo(s): | In this paper we report and discuss estimates of life-cycle consumption profiles obtained using microdata for Portuguese households. The estimated profiles are much flatter than the profiles usually reported in the literature for other countries, namely the Netherlands, the UK and the USA. We argue that the high degree of consumption smoothing in Portugal may be related to easier access to credit, a generous social security system and family ties. In addition, we also report estimates of cohort and business cycle effects on consumption. The estimated cohort effects are consistent with the post-war progress in standards of living. The business cycle estimates suggest that the recent debt crisis has had a strong negative impact on household consumption. |
Tipo: | Documento de trabalho |
URI: | https://hdl.handle.net/1822/60219 |
Versão da editora: | https://www.eeg.uminho.pt/pt/investigar/nipe/Paginas/publicacoes.aspx |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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NIPE_WP_1_2019.pdf | 886,44 kB | Adobe PDF | Ver/Abrir |