Demographic Effects and the Multiperiod Consumption Function.

Past empirical studies of the aggregate-consumption function have often assumed constancy of the age distribution of the population. This paper relaxes that assumption by specifying a multiperiod-consumption function which introduces age-distribution parameters explicitly into the model. This is acc...

Full description

Bibliographic Details

Published in:	Journal of Political Economy Vol. 80; no. 1; pp. 125 - 139
Main Author:	Heien, Dale M.
Format:	Article
Published:	University of Chicago Press Jan/Feb72
Subjects:	Consumption (Economics) Mathematical models of consumption Demand function Interest rates Age distribution Elasticity (Economics) Data analysis
Online Access:	View this record in EBSCOhost