Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data

By K. Kurihara. 2013

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Economic crisis and tourism expenditure cutback decision (2014, background): “Modigliani and Brumberg (1954) emphasize the role of intertemporal consumption over the life cycle of the individuals.”
Deconstructing Life Cycle Expenditure (2008, positive): “The standard approach to lifecycle consumption follows the canonical models of Modigliani and Brumberg (1954) and Friedman (1957).”
THE IMPACT OF FINANCIAL LITERACY ON INDIVIDUAL SAVING: AN EXPLORATORY STUDY IN THE MALAYSIAN CONTEXT (2013, background): “The life-cycle saving theory (Modigliani, Brumberg, 1954) posits that individuals will follow a hump-shaped saving pattern over their lifetime. high earning periods of employment, individuals will save increasing amounts and smooth out expenditure.”
Does self-control predict financial behavior and financial well-being? (2017, background): “The BLC hypothesis is an extension of the traditional life-cycle model which assumes that people perceivemoney as completely fungible and that the farsighted individual rationally plans his or her life-time consumption (Modigliani and Brumberg, 1954).”
Financial literacy: A systematic review and bibliometric analysis (2020, neutral): “…decision-making postulates that a perfectly rational and fully aware individual will spend less than his income during the times of high earnings thereby saving to back up consumption in case of fall in income such as the post-retirement years (Friedman, 1957; Modigliani & Brumberg, 1954).”