Patterns of Consumption in Mexico, 2002-2010
Mauricio Ramírez Grajeda, Semei Coronado Ramírez, Francisco Venegas Martínez

This paper contributes to the analysis of intertemporal household consumption in Mexico.We find evidence that consumption is driven by income uncertainty and demographic factors. This result is an appealing explanation of the hump-shaped pattern of consumption over time. Our work draws heavily on Gourinchas & Parker (2002) and Attanasio et al. (1999) ideas. We develop a methodology of four steps to show that estimated consumption mimics actual consumption patterns.

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