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Life-Cycle Theory for Human Beings

Author

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  • Antoine Bommier

    (GREMAQ - Groupe de recherche en économie mathématique et quantitative - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique)

Abstract

Human beings are sure to die but do not know when they will die. This paper proposes a general formulation of life cycle theory that accounts for these two fundamental aspects of human life. We stress in particular the role of intertemporal correlation aversion which it is a key concept to understand the role of mortality risks in intertemporal choices.

Suggested Citation

  • Antoine Bommier, 2005. "Life-Cycle Theory for Human Beings," Working Papers hal-00441890, HAL.
    • Handle: RePEc:hal:wpaper:hal-00441890
    Note: View the original document on HAL open archive server: https://hal.science/hal-00441890
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    References listed on IDEAS

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    1. Raouf Boucekkine & David de la Croix & Omar Licandro, 2003. "Early Mortality Declines at the Dawn of Modern Growth," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(3), pages 401-418, September.
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    3. Antoine Bommier & Bertrand Villeneuve, 2012. "Risk Aversion and the Value of Risk to Life," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 79(1), pages 77-104, March.
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    18. Ahn, Chang Mo, 1989. " The Effect of Temporal Risk Aversion on Optimal Consumption, the Equity Premium, and the Equilibrium Interest Rate," Journal of Finance, American Finance Association, vol. 44(5), pages 1411-1420, December.
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    22. Antoine Bommier, 2006. "Mortality, Time Preference and Life-Cycle Models," Working Papers hal-00441888, HAL.
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    Cited by:

    1. Antoine Bommier & Bertrand Villeneuve, 2012. "Risk Aversion and the Value of Risk to Life," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 79(1), pages 77-104, March.
    2. repec:dau:papers:123456789/4812 is not listed on IDEAS
    3. Antoine Bommier, 2006. "Mortality, Time Preference and Life-Cycle Models," Working Papers hal-00441888, HAL.

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