Construct · 1 fields · 1 citations

hump: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
hump1 CONSTRUCTConsumption humpLIFE CYCLE · PEAK

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Economics

The mid-life peak in a life-cycle profile

In economics a hump names the characteristic shape of life-cycle profiles: household consumption and earnings rise through early and middle working life, peak in middle age, then decline, tracing a hump rather than the flat path simple permanent-income models predict. Alessie and de Ree's 2009 paper sets out and tries to explain this hump in consumption over the life cycle. The referent is a rise-then-fall pattern in an age profile, measured by where and how pronounced the peak is, and it shares only the silhouette with a rail hump or a road hump.[1]

Unit
The age and height of the peak in a life-cycle profile
Recovery means
Not applicable
Measured by
Characterised by the age at peak consumption and the curvature of the age profile

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Nearby constructs

barrier4 fields · 7 citationsjingle · one word, four constructsconsumption3 fields · 5 citationsjingle · one word, three constructscontamination3 fields · 5 citationsjingle · one word, three constructs

References

  1. Alessie, R., & de Ree, J. (2009). Explaining the hump in life cycle consumption profiles. De Economist, 157(1), 107–120. https://doi.org/10.1007/s10645-009-9119-4

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