Population Dynamics and Life-Cycle Consumption

Pietro Senesi ()
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Pietro Senesi: University of Rome II - Faculty of Economics

CEIS Research Paper from Tor Vergata University, CEIS

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.

Keywords: population dynamics; consumption; endogenous time preference (search for similar items in EconPapers)
JEL-codes: D91 E21 (search for similar items in EconPapers)
Pages: 9
Date: 2003-01-31
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Citations: View citations in EconPapers (4)

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