Durable Purchases over the Later Life Cycle
利用英国家庭面板数据，研究了生命周期后期对耐用消费品服务的需求模式，发现对消费电子产品的需求随年龄增长而上升，而对家用电器的需求保持平稳，这与非耐用品消费随年龄下降的常见发现形成对比，暗示消费者可能比以往估计的更有耐心。
Abstract We investigate life‐cycle patterns of demand for services from household durables using UK panel data. We take careful account of prices, demographics, labour supply and health. Demand for consumer electronics rises with age, while the demand for household appliances is flat. These findings contrast with the well documented decline in non‐durable consumption at older ages, and suggest that studies that estimate the overall discount rate from nondurable consumption may underestimate consumer patience and the savings required to fund retirement. We also find important non‐separabilities between the demand for durables, labour supply and health status.