"Life Cycle" Hypothesis of Saving: Aggregate ... - Arabictrader.com

Table 2.2
Estimates of the Coefficients of the Consumption Function
Coefficients and Their Standard Errors of Estimates b
Standard
YÊ
L ˆ
Deviation of Standard Durbin
Hypothesis Mode of XY Ë E ¯ A XA Dependent Error of Watson
Rows Tested Regression a Constant Y (a 1 ) (a 1x ) (a 2 ) (a 3 ) (a 3x ) a 1 + a 2 Variable Estimate R 2c Statistics
(1) I A 5.33 0.767 0.047 0.767 88.289 2.352 0.999 1.29
(1.46) (0.047) (0.010)
(2) II A 4.69 0.633 0.163 0.040 0.796 88.289 2.314 0.999 1.17
(1.51) (0.112) (0.124) (0.012)
(3) I A 0.640 0.077 0.640 88.289 2.860 0.999 0.89
(0.039) (0.008)
(4) I A 0.787 0.058 -0.010 0.787 88.289 2.756 0.999 1.17
(0.086) (0.013) (0.005)
(5) II A 0.430 0.287 0.058 0.717 88.289 2.690 0.999 0.85
(0.108) (0.139) (0.012)
(6) I B 0.550 0.079 0.55 8.292 2.335 0.921 2.01
(0.116) (0.021)
(7) I B 0.577 -0.030 0.079 0.577 d 8.292 2.385 0.918 2.03
(0.170) (0.138) (0.022)
(8) I B 0.550 0.082 -0.004 0.550 8.292 2.385 0.918 2.03
(0.119) (0.031) (0.025)
(9) II B 0.444 0.274 0.051 0.718 8.292 2.215 0.929 1.82
(0.124) (0.147) (0.025)
(10) II B 0.411 0.353 0.068 -0.028 0.764 8.292 2.211 0.929 1.97
(0.127) (0.163) (0.029) (0.026)
56 The Life-Cycle Hypothesis