Estimation of irrational life cycle consumption function of Chinese urban residents

Real_Consume (−1)

Real_Yield

Real_Yield (−1)

CPI − CPI (−1)

R²

0.65***

0.15***

0.20

108.41***

99.8

(%)

[0.006]

[0.037]

[7.82]

(113.25)

(4.11)

(13.87)