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Population dynamics and life-cycle consumption

Pietro Senesi

Journal of Population Economics, 2003, vol. 16, issue 2, 389-394

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 saving. Copyright Springer-Verlag Berlin Heidelberg 2003

Keywords: JEL classification: D91; E21; Key words: Population dynamics; consumption; endogenous time preference (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:spr:jopoec:v:16:y:2003:i:2:p:389-394

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DOI: 10.1007/s001480200127

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