Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/66735
Título: | Is the basic life-cycle theory of consumption becoming more relevant? Evidence from Portugal |
Autor(es): | Alexandre, Fernando Bação, Pedro Portela, Miguel |
Palavras-chave: | cohorts consumption life-cyle microdata |
Data: | 2020 |
Editora: | Springer |
Revista: | Review of Economics of the Household |
Citação: | Fernando Alexandre, Pedro Bação, Miguel Portela,Is the basic life-cycle theory of consumption becoming more relevant? Evidence fromPortugal, Review of Economics of the Household, Volume 18, Issue 1,March 2020, Pages 93-116. doi: 10.1007/s11150-019-09471-0 |
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. 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 median standards of living. However, there is a deceleration in the trend of consumption growth for more recent cohorts. The business cycle estimates suggest that the recent debt crisis has had a strong negative impact on household consumption. |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/66735 |
DOI: | 10.1007/s11150-019-09471-0 |
ISSN: | 1569-5239 |
Versão da editora: | https://link.springer.com/article/10.1007%2Fs11150-019-09471-0 |
Arbitragem científica: | yes |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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REH_FA_MP.pdf | Is the basic life-cycle theory of consumption becoming more relevant? Evidence from Portugal | 752,22 kB | Adobe PDF | Ver/Abrir |