Consumption Growth Parallels Income Growth: Some New Evidence
Published Date
Copyright 1991
ISBN 0226044041
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Copy CitationChristopher D. Carroll and Lawrence H. Summers, National Saving and Economic Performance (University of Chicago Press, 1991), chap. 10, https://www.nber.org/books-and-chapters/national-saving-and-economic-performance/consumption-growth-parallels-income-growth-some-new-evidence.
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Working Paper
This paper argues that the versions of both permanent income and life-cycle theories which have recently become...