The Lansing Effect, simply stated, is that the offspring of old parents tend to have shorter lifespans than the offspring of young parents and in both cases these tendencies are transmitted to successive generations . This statement is difficult to justify from Lansing's data because of the variatio
✦ LIBER ✦
A Re–examination of the Effectiveness of the Bankruptcy Process
✍ Scribed by Harlan D. Platt; Marjorie B. Platt
- Book ID
- 108567996
- Publisher
- John Wiley and Sons
- Year
- 2002
- Tongue
- English
- Weight
- 148 KB
- Volume
- 29
- Category
- Article
- ISSN
- 0306-686X
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## Abstract The excess smoothness puzzle is explored using a simple version of the permanent income hypothesis. The new feature is that consumers do not know the observed data‐generating process for income. Instead they estimate the income process every period using the past income data and update