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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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In summary, we ask an age-time question; is the spending allocation of a 30 year old in 1980 the same as a 30 year old in 1990? This is the same question as asking if the spending that time effects are the same for all ages. There are other solutions in the literature. For example McKenzie (2006) suggests a second differencing approach. In this paper, we will begin with cohort, age and follow Deaton and Paxson (1994) with orthogonalised time.
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