Life‐Cycle Consumption under Rational Expectations: Some Australian Evidence*

Paul Johnson

The Economic Record, 1983, vol. 59, issue 4, 345-350

Abstract: Using Australian data, this note tests the srochastic implications of Hall's (1978) national‐expectations life‐cycle consumption model. The strong version of the hypothesis can only be rejected using lagged values of the change in the unemployment rate and a particular measure of disposable income.

Date: 1983
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