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Carolyn, st Aubyn ; Henrique S, Basso ; Carolyn, St Aubyn ; Yunus, Aksoy ; Henrique, Basso ; Yunus, Aksoy. (2020) Time Variation in Lifecycle Consumption and Income.
In: CESifo Working Paper Series. RePEc:ces:ceswps:_8162.
Full description at Econpapers
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Imputed log total non-durable consumption for 1980 - 2014, ĉi,t is then ĉit = log[foodc + exp(Z0 β̂ + g(fit; θ̂c) + P0 γ̂)] B Appendix - Specification Issues Appendix B.1 Scaling of the Data We investigate how best to adjust for household size and composition. Our findings lead us to control for the number of adults and number of children with dummies and also to use OECD equivalence scales ((Blundell, Browning, and Meghir, 1994)). We show our results are robust to using only dummies to correct for family size as in Aguiar and Hurst (2013).
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