Consumption of lifetime of society and its differentiation according to income groups

Joanna Staniszewska ()
Additional contact information
Joanna Staniszewska: Poznań University of Economics and Business

Bank i Kredyt, 2025, vol. 56, issue 4, 497-514

Abstract: The consumption of lifetime (CL) and its analysis and understanding of consumption patterns across the life course are important in developing economic policies that aim to increase wealth and the standard of living of the population while reducing poverty. The objective of the article is to analyse consumption of lifetime and its differences in relation to income groups. The presented category of consumption of lifetime and the method of determining consumption of lifetime estimation (CLE) and matrix of consumption of lifetime (MCL) constitute an original solution to the problem under consideration proposed by the author. The article is empirical and it proposes a novel method of determining CL. The calculations of the value were made using individual data from Statistics Poland. Consumption of lifetime was analysed by income groups from the poorest to the richest, and the estimated value of consumption realized by a person during their life was shown, which results from consumption in individual phases of life. In the literature on the subject, there are no analyses of consumption in all phases of life in a single research approach. Analyses that can be found in the literature focus only on young or senior consumers. However, the introduced concept of consumption of lifetime allows for a comprehensive research approach and analysis of consumption in a holistic approach. Consumption of lifetime is determined, on the one hand, by human needs and the choices made by them throughout their life, and on the other hand, it is limited by the consumer’s income.

Keywords: consumption of lifetime; consumption; matrix of consumption of lifetime; life phase; income; economic policy (search for similar items in EconPapers)
JEL-codes: D11 D12 D15 E21 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://bankikredyt.nbp.pl/content/2025/04/bik_04_2025_05.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpbik:v:56:y:2025:i:4:p:497-514

Access Statistics for this article

More articles in Bank i Kredyt from Narodowy Bank Polski Contact information at EDIRC.
Bibliographic data for series maintained by Wojciech Burjanek ().