The Life Cycle Hypothesis and Rational Expectations: Some Further Empirical Results

Ronald MacDonald and David Peel

No 1983044, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: The purpose of this note is to present some further empirical results on the validity of the martingale property using post-war data for mine countries. The major novelty in the note is that we address four issues which have received little or no attention in previous empirical studies.

Pages: 10
Date: 1983-12-01
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