Download This PaperThe Modigliani-Brumberg Endowment Saving Theory
4 Pages Posted: 25 Jun 2013
Date Written: June 24, 2013
Abstract
Modigliani and Brumberg (1954) discipline rich people to keep working. This paper use Ramsey's (1928) theory to argue for the opposite: Stop working and saving, instead donate part of the wealth to those needed.
Keywords: Saving, Consumption, Interest Rate
JEL Classification: D64
Suggested Citation: Suggested Citation
Choi, Hak, The Modigliani-Brumberg Endowment Saving Theory (June 24, 2013). Available at SSRN: https://ssrn.com/abstract=2284545 or http://dx.doi.org/10.2139/ssrn.2284545
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