Download This PaperPopulation Dynamics and Life-Cycle Consumption
9 Pages Posted: 31 Jan 2003
Date Written: January 2003
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
JEL Classification: D91, E21
Suggested Citation: Suggested Citation
Senesi, Pietro, Population Dynamics and Life-Cycle Consumption (January 2003). Available at SSRN: https://ssrn.com/abstract=374481 or http://dx.doi.org/10.2139/ssrn.374481
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