Consistency of the Permanent Income Hypothesis with Existing Evidence on the Relation between Consumption and Income: Budget Studies

Friedman, Milton

Consistency of the Permanent Income Hypothesis with Existing Evidence on the Relation between Consumption and Income: Budget Studies

(1395 K)

Milton Friedman

Chapter in NBER book A Theory of the Consumption Function (1957), Milton Friedman (p. 38 - 114)
Published in 1957 by Princeton University Press

This paper is available as PDF (1395 K) or via email.

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Consistency of the Permanent Income Hypothesis with Existing Evidence on the Relation between Consumption and Income: Budget Studies

Milton Friedman

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