Myopia, liquidity constraints, and aggregate consumption: what do the data say?

被引：1

作者：

Perez, SJ ^{[1
]}

机构：

[1] Washington State Univ, Dept Econ, Pullman, WA 99164 USA

来源：

ECONOMICS LETTERS | 2000年 / 67卷 / 01期

关键词：

consumption; liquidity constraints; excess sensitivity;

D O I：

10.1016/S0165-1765(99)00248-7

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This letter attempts to explain an apparent 'sensitivity puzzle' relating to US consumption data as resulting from agents who expect their income to rise over their working lives prior to retirement being liquidity constrained when young. (C) 2000 Elsevier Science S.A. All rights reserved.

引用

页码：43 / 48

页数：6