1974•Canadian Journal of Economics/Revue canadienne d économiqueRequires access

Permanent Income, Wealth and Consumption: A Critique of the Permanent Income Theory, the Life-Cycle Hypothesis, and Related Theories

Louis N. Christofides, Thomas Mayer

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Key concepts: Life-cycle hypothesis, Permanent income hypothesis, Consumption (sociology), Economics, Consumption function, Income distribution, Passive income, Neoclassical economics

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Permanent Income, Wealth and Consumption: A Critique of the Permanent Income Theory, the Life-Cycle Hypothesis, and Related Theories — Research Paper | ScholarLens