Population Dynamics and Life-Cycle Consumption

Senesi Pietro
CEIS Research Paper
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.
Number: 2
Keywords: population dynamics, consumption, endogenous time preference
JEL codes: D91, E21
Date: Friday, January 31, 2003
Revision Date: Friday, January 31, 2003