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文章基本信息

  • 标题:Durable purchases over the later life cycle
  • 本地全文:下载
  • 作者:Martin Browning ; Thomas F Crossley ; Melanie Lührmann
  • 期刊名称:IFS Working Papers / Institute for Fiscal Studies London
  • 电子版ISSN:1742-0415
  • 出版年度:2012
  • 卷号:2012
  • 出版社:Institute for Fiscal Studies London
  • 摘要:

    We investigate life cycle patterns of demand for services from household durables using UK panel data. We take careful account of prices, demographics, labour supply and health. Demand for consumer electronics rises with age, while the demand for household appliances is fl‡at. These …findings contrast with the well documented decline in nondurable consumption at older ages, and suggest that studies that estimate the overall discount rate from nondurable consumption may underestimate consumer patience and the savings required to fund retirement. We also …find important nonseparabilities between the demand for durables, labour supply and health status.

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