Population dynamics and life-cycle consumption

This paper presents a model where aggregate consumption depends on both the level of wealth and the age structure of population. The explicit consideration of an endogenous rate of time preference permits to analyze the important role of population ageing as a determinant of aggregate saving. Copyright Springer-Verlag Berlin Heidelberg 2003

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Year of publication:	2003
Authors:	Senesi, Pietro
Published in:	Journal of Population Economics. - European Society for Population Economics - ESPE. - Vol. 16.2003, 2, p. 389-394
Publisher:	European Society for Population Economics - ESPE
Subject:	Population dynamics \| consumption \| endogenous time preference

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Extent:	text/html
Type of publication:	Article
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; E21 - Consumption; Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005396010