Econometric approaches to the specification of life cycle labour supply and commodity demand behaviour
综述了利用个体数据构建和估计生命周期一致模型的多种计量方法，通过巧妙选择条件变量和利用对偶关系，使现有微观数据可用于估计，并比较了不同方法的随机性质和偏好限制。
Many of the recently developed alternative econometric approaches to the construction and estimation of life-cycle consistent models using individual data can be viewed as alternative choices for conditioning variables that summarise past decisions and future anticipations. By ingenious choice of this conditioning variable and by exploitation of the duality relationships between the alternative specifications, many currently available micro-data sets can be used for the estimation of life-cycle consistent models. In reviewing the alternative approaches their stochastic properties and implict preference restrictions are highlighted. Indeed, empirical specifications that are parameterised in a form of direct theoretical interest often can be shown to be unnecessarily restrictive while dual representations may provide more flexible econometric models. These results indicate the particular advantages of different types of data in retrieving life-cycle consistent preference parameters and the appropriate, most flexible, econometric approach for each type of data. A methodology for relaxing the intertemporal separability assumption is developed and the advantages and disadvantages of alternative approaches in this framework are considered.