AbstractsEconomics

Consumption Function And Age Structure : the case of China

by Jiaying Chen




Institution: University of Oslo
Department:
Year: 1000
Keywords: VDP::210
Record ID: 1279706
Full text PDF: https://www.duo.uio.no/handle/10852/17492


https://www.duo.uio.no/bitstream/10852/17492/2/chenxjiayingxthesis.pdf


Abstract

This thesis is about the age structure effects on consumption function. We have established a theoretical model between consumption and age structure, and investigated an empirical relationship between them in the case of China. This thesis is based on the theory of permanent income and life cycle consumption function. The age structure variables of prime saver ratio and dependency ratio are introduced into the analysis. This thesis contributes in the adjustments of the theoretical consumer behavior model of China and the measurement of the Chinese prime saver ratios. In this case, we approved that the age structure has effects on aggregate consumption.