IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

The Life-Cycle Hypothesis: An Assessment of Some Recent Evidence

  • Luigi Pistaferri


    (Stanford University, NBER, CEPR, IZA and SIEPR)

This essay first reviews the basic empirical predictions of the life cycle hypothesis of consumption, namely that individuals should try to smooth intertemporally the marginal utility of consumption, that young workers should be accumulating resources for retirement, and that the elderly should be decumulating these resources. In the second part of the essay, we assess recent empirical evidence on these predictions.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: Payment required

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by SIPI Spa in its journal Rivista di Politica Economica.

Volume (Year): 99 (2009)
Issue (Month): 2 (April-June)
Pages: 35-65

in new window

Handle: RePEc:rpo:ripoec:v:99:y:2009:i:2:p:35-65
Contact details of provider:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:rpo:ripoec:v:99:y:2009:i:2:p:35-65. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabrina Marino)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.