Estimation of irrational life cycle consumption function of Chinese urban residents

Real_Consume (−1)

Real_Yield

Real_Yield (−1)

CPI − CPI (−1)

R²

0.34***

0.27***

0.39

−70.83***

99.1

(%)

[0.014]

[0.024]

[6.42]

(24.43)

(11.08)

(−11.03)