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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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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