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dc.contributor.authorAlexandre, Fernandopor
dc.contributor.authorBação, Pedropor
dc.contributor.authorPortela, Miguelpor
dc.description.abstractIn 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.por
dc.description.sponsorshipFundação para a Ciência e Tecnologiapor
dc.publisherUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)por
dc.titleA flatter life-cycle consumption profilepor
oaire.citationConferencePlaceBraga, Portugalpor
oaire.citationVolumeNIPE 01/2019por
dc.subject.fosCiências Sociais::Economia e Gestãopor
sdum.journalNIPE Working Paperpor
Appears in Collections:NIPE - Documentos de Trabalho

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