Appendix C-2: Age-Consumption Profile

(2) Log estimation

Total	Total exc. Durables	Durables	Semi durables	Non durables	Services
Coeff.	S.E.	Coeff.	S.E.	Coeff.	S.E.	Coeff.	S.E.	Coeff.	S.E.	Coeff.	S.E.
Cohort2	-0.004	0.016	-0.006	0.015	0.197	0.080	**	-0.114	0.035	***	0.007	0.011	-0.007	0.025
Cohort3	-0.052	0.019	***	-0.028	0.018	0.192	0.099	*	-0.183	0.044	***	0.026	0.014	*	-0.069	0.031	**
Cohort4	-0.044	0.023	*	-0.023	0.021	0.352	0.115	***	-0.179	0.051	***	0.031	0.016	*	-0.078	0.036	**
Cohort5	-0.059	0.025	**	-0.057	0.023	**	0.416	0.126	***	-0.248	0.055	***	0.020	0.017	-0.151	0.040	***
Cohort6	-0.032	0.026	-0.042	0.024	*	0.487	0.132	***	-0.285	0.059	***	0.031	0.018	*	-0.123	0.042	***
Cohort7	-0.087	0.027	***	-0.066	0.026	**	0.600	0.138	***	-0.368	0.061	***	0.045	0.019	**	-0.184	0.044	***
Cohort8	-0.129	0.028	***	-0.097	0.027	***	0.628	0.143	***	-0.431	0.064	***	0.033	0.020	*	-0.247	0.046	***
Cohort9	-0.156	0.030	***	-0.125	0.028	***	0.652	0.149	***	-0.514	0.067	***	0.022	0.021	-0.296	0.048	***
Cohort10	-0.169	0.031	***	-0.136	0.030	***	0.748	0.158	***	-0.572	0.071	***	0.020	0.022	-0.304	0.051	***
Cohort11	-0.219	0.035	***	-0.179	0.032	***	0.807	0.173	***	-0.578	0.078	***	0.009	0.024	-0.396	0.056	***
Cohort12	-0.287	0.051	***	-0.206	0.048	***	0.719	0.253	***	-0.584	0.115	***	-0.007	0.036	-0.488	0.083	***
Age	-0.437	0.110	***	-0.438	0.103	***	-0.753	0.549	-0.147	0.247	-0.278	0.076	***	-1.080	0.177	***
Age^2	0.016	0.005	***	0.018	0.004	***	0.027	0.024	0.006	0.011	0.013	0.003	***	0.043	0.008	***
Age^3	0.000	0.000	***	0.000	0.000	***	0.000	0.000	0.000	0.000	0.000	0.000	***	-0.001	0.000	***
Age^4	0.000	0.000	**	0.000	0.000	***	0.000	0.000	0.000	0.000	0.000	0.000	***	0.000	0.000	***
Age^5	0.000	0.000	*	0.000	0.000	***	0.000	0.000	0.000	0.000	0.000	0.000	***	0.000	0.000	***
Year1991*Cohort1	-0.008	0.039	0.025	0.036	0.237	0.196	-0.115	0.087	0.076	0.027	***	0.005	0.062
Year1991*Cohort2	-0.041	0.025	*	-0.043	0.023	*	-0.032	0.128	-0.189	0.055	***	0.008	0.017	-0.104	0.040	***
Year1991*Cohort3	0.014	0.020	-0.002	0.018	-0.045	0.098	-0.026	0.044	-0.011	0.014	0.029	0.032
Year1991*Cohort4	-0.019	0.015	-0.002	0.014	-0.069	0.076	-0.036	0.034	0.013	0.011	-0.017	0.025
Year1991*Cohort5	-0.025	0.014	*	-0.007	0.013	-0.013	0.070	-0.026	0.032	0.004	0.010	-0.002	0.023
Year1991*Cohort6	-0.077	0.014	***	-0.058	0.013	***	0.039	0.067	-0.048	0.031	-0.030	0.009	***	-0.100	0.022	***
Year1991*Cohort7	0.026	0.013	**	0.005	0.012	-0.041	0.064	-0.076	0.030	**	-0.018	0.009	**	0.041	0.022	*
Year1991*Cohort8	-0.026	0.012	**	-0.019	0.011	-0.027	0.059	-0.079	0.027	***	-0.014	0.008	*	-0.007	0.020
Year1991*Cohort9	-0.028	0.013	**	-0.015	0.012	0.057	0.062	-0.060	0.029	**	-0.005	0.009	-0.024	0.021
Year1991*Cohort10	-0.049	0.015	***	-0.039	0.014	***	0.030	0.074	-0.080	0.034	**	-0.030	0.010	***	-0.044	0.024	*
Year1991*Cohort11	0.010	0.022	0.006	0.020	0.023	0.106	-0.057	0.049	0.000	0.015	0.012	0.035
Year1991*Cohort12	-0.002	0.050	-0.006	0.047	0.182	0.247	-0.070	0.113	-0.038	0.035	0.040	0.081
Year1992*Cohort1	-0.013	0.040	0.057	0.038	0.125	0.206	0.032	0.091	0.130	0.028	***	0.016	0.065
Year1992*Cohort2	-0.046	0.026	*	-0.024	0.025	-0.078	0.136	-0.132	0.059	**	0.015	0.018	-0.085	0.042	**
Year1992*Cohort3	0.028	0.020	0.021	0.019	0.052	0.104	-0.019	0.046	0.029	0.014	**	-0.008	0.033
Year1992*Cohort4	-0.034	0.016	**	-0.030	0.015	**	-0.188	0.079	**	-0.164	0.035	***	0.011	0.011	-0.024	0.025
Year1992*Cohort5	-0.045	0.014	***	-0.018	0.013	-0.150	0.071	**	-0.090	0.032	***	0.010	0.010	0.002	0.023
Year1992*Cohort6	-0.107	0.014	***	-0.069	0.013	***	-0.206	0.069	***	-0.123	0.031	***	-0.015	0.010	-0.100	0.022	***
Year1992*Cohort7	-0.003	0.014	-0.020	0.013	**	-0.188	0.067	***	-0.104	0.031	***	-0.026	0.010	***	0.003	0.022
Year1992*Cohort8	-0.006	0.013	0.000	0.012	-0.093	0.063	-0.094	0.029	***	0.014	0.009	0.015	0.021
Year1992*Cohort9	-0.043	0.013	***	-0.013	0.012	-0.116	0.064	*	-0.068	0.030	**	0.002	0.009	-0.021	0.021
Year1992*Cohort10	-0.051	0.016	***	-0.022	0.015	-0.129	0.076	*	-0.096	0.035	***	-0.025	0.011	**	-0.012	0.025
Year1992*Cohort11	-0.018	0.021	-0.010	0.019	-0.186	0.102	*	-0.129	0.047	***	-0.018	0.014	0.054	0.034
Year1992*Cohort12	0.022	0.046	0.025	0.043	-0.189	0.230	-0.110	0.104	-0.006	0.032	0.095	0.074
Year1993*Cohort1	-0.066	0.050	0.036	0.047	-0.281	0.254	-0.160	0.112	0.096	0.035	***	-0.074	0.080
Year1993*Cohort2	-0.076	0.028	***	-0.059	0.027	**	-0.154	0.149	-0.102	0.064	0.029	0.020	-0.189	0.046	***
Year1993*Cohort3	-0.008	0.022