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
Senesi, P. (2003). Population dynamics and life-cycle consumption [Working paper].
Population dynamics and life-cycle consumption
SENESI, PIETRO
2003-01-01
Abstract
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 savingFile in questo prodotto:
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