Exploring household saving and consumption-smoothing in the Philippines / (Record no. 7412)

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100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Alba, Michael M.
245 ## - TITLE STATEMENT
Title Exploring household saving and consumption-smoothing in the Philippines /
300 ## - PHYSICAL DESCRIPTION
Extent pp.77-100
490 ## - SERIES STATEMENT
Series statement Vol. 33 No. 1&2 2006
500 ## - GENERAL NOTE
General note Special Volume in Honor of Alejandro N. Herrin
520 ## - SUMMARY, ETC.
Summary, etc. This paper explores whether or not the saving behavior of Filipino households fits the life-cycle hypothesis. Using pseudo-panels, which are constructed from the public use data files of the Family Income and Expenditures Survey of 1988 to 2000, it shows that consumption rises with the age of the household head and that the consumption profile has been rising for younger cohorts. The regressions indicate that the cohort-independent age effects on consumption simply track those on income across all ages, suggesting that Filipino households do not behave as the life-cycle hypothesis prescribes, possibly because they are liquidity constrained or impatient.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Consumption smoothing
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Household consumption
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Household savings
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name See, Edward C.
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Record control number 0115-9143
Title Philippine Journal of Development
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier http://dirp3.pids.gov.ph/ris/pjd/pidspjd06-household.pdf
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Journal Articles
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