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The life-cycle model of consumption and saving

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  • Martin Browning

    () (Institute for Fiscal Studies and University of Oxford)

  • Thomas Crossley

    () (Institute for Fiscal Studies and Institute for Fiscal Studies, University of Essex)

Abstract

The authors discuss the challenges of using the life-cycle framework, defending the theory and proposing future research directions for this model.

Suggested Citation

  • Martin Browning & Thomas Crossley, 2001. "The life-cycle model of consumption and saving," IFS Working Papers W01/15, Institute for Fiscal Studies.
  • Handle: RePEc:ifs:ifsewp:01/15
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    File URL: http://www.ifs.org.uk/wps/wp0115.pdf
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    References listed on IDEAS

    as
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    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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