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| Author: | Hurd, M. Lee, H. |
| Title: | Tests of the permanent income-life cycle hypothesis based on household-level panel data from Korea |
| Journal: | Journal of the Japanese and International Economies
1997 : MAR, VOL. 11:1, p. 105-122 |
| Index terms: | JAPAN TESTS KOREA |
| Language: | eng |
| Abstract: | The authors use household-level monthly panel data from Korea to study the monthly change in consumption. The authors believe the Korean data will produce better estimates than most consumption data: the survey methods apparently produced good measures of total household expenditures as judged by a comparison with aggregate totals; furthermore, because almost all saving in Korea takes place at the household level, rather than through pensions or Social Security, the saving rate can be accurately calculated. |
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