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Quarterly Journal of Economics Vol. 88 No. 2 1974

The Permanent Income Theory of Consumption--A Restatement

Michael R. Darby

University of California, Los Angeles

Abstract

I. Analysis of specification bias, 229. — II. Empirical results on specification bias, 234. — III. The reformulation of the permanent income hypothesis, 242. — IV. Further results and conclusions, 247.

DOI
10.2307/1883070
Volume
88
Issue
2
Pages
228
Sources
openalex crossref

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